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Banking

Banking On an Affordable New York

Keith Mestrich | Posted 07.01.2015 | New York
Keith Mestrich

The banking community has an opportunity to restore this trust and make good on our social contract with customers, communities, and policymakers. We should start by investing in homeownership, which has always been the foundation of the American Dream.

Are Banks Open on the 4th of July, 2015?

GOBankingRates | Posted 06.30.2015 | Business
GOBankingRates

So will your bank be open on Independence Day? To help you quickly find out if your bank will be closed on July 4, GOBankingRates confirmed Fourth of July hours from 21 of the biggest financial institutions, including Chase, Bank of America, Wells Fargo and U.S. Bank.

Ready or Not, Millennials Are Changing How We Do Business Forever

Jason van den Brand | Posted 06.30.2015 | Technology
Jason van den Brand

In the next 20 years, Millennials will receive over $20 trillion in inheritance, with over $7 trillion being passed along by 2020, according to Bloomberg Business. This is the largest wealth transfer our country has ever seen, and the impact will be seismic.

Greece's Bailout Money Doesn't Really End Up In Greece

The Huffington Post | Nick Robins-Early | Posted 06.26.2015 | World

Every week, we bring you one overlooked aspect of the stories that made news in recent days. You noticed the media forgot all about another story's ba...

Was Intra Bank's Fall A Prelude to Lebanon's Downfall?

Magda Abu-Fadil | Posted 06.22.2015 | World
Magda Abu-Fadil

Forget local history books that don't fully account for a civil war and other setbacks that ruined the country and follow the money in Lebanon's tortuous slide from "Switzerland of the Middle East" to dysfunctional entity par excellence.

Making Sense of Today's Cuban Economy: Promises in the Making

Jose Gabilondo | Posted 06.08.2015 | World
Jose Gabilondo

The exact path remains uncertain, but Cuba's economy is on the move. Bright-eyed capitalists have been thumping their tails since President Obama gave the nod last December to restoring diplomatic relations, but the island's economic model was already in flux.

The Neurology of Lending

Wray Herbert | Posted 06.02.2015 | Science
Wray Herbert

Microfinance is a psychological enigma. It is not in anyone's economic best interest to lend money to strangers without getting anything in return. Without interest or guarantee, what is the motivation to take on such financial risk? It seems more akin to charity than to banking. Is it? The fact is that we don't know the neuropsychological underpinnings of such selfless lending.

Mary Jo Wait

Bartlett Naylor | Posted 06.02.2015 | Business
Bartlett Naylor

In the age of Big Data, corporate America knows a lot about us--our buying habits, where we travel, even our mental health. But ask Corporate America a simple junior high-level question in long division related to CEO compensation and some of these companies freeze like awkward teens at the sock hop.

Women in Business Q&A: Suneera Madhani, Founder, Fattmerchant

Laura Dunn | Posted 05.29.2015 | Business
Laura Dunn

Suneera Madhani graduated from University of Florida with a degree in Finance and a minor in Leadership. With a strong passion for business, Suneera s...

Currency of Banking Isn't Dollars - It's Trust

Keith Mestrich | Posted 05.27.2015 | Impact
Keith Mestrich

When five of the world's biggest banks were busted this week for manipulating the cost of dollars and euros, they did more than violate antitrust laws. They violated the public trust.

5 Basic Banking Lessons to Teach Your Teen

David A. Dedman | Posted 05.20.2015 | Money
David A. Dedman

I'm surprised at just how little teens know about basic banking these days. I recently opened a checking account for my 18-year-old at our credit union. It was a real eye-opener. Here's what I'll go over with my teenager about basic banking.

What's the Matter with Work?

Lisa Earle McLeod | Posted 05.18.2015 | Business
Lisa Earle McLeod

When I was kid growing up, I saw work in a very particular way. A lot of it stems from visiting my dad at work, when I was six or seven. My dad worked in a bank. It was a formal imposing bank, with marble, and big gothic architecture.

The Mysterious Disappearance of Satoshi Nakamoto, Founder & Creator of Bitcoin

Martin O’Leary | Posted 05.11.2015 | Technology
Martin O’Leary

Just as a true artist lives by his or her art--creating and being remembered through a legacy of masterpieces--Nakamoto's anonymity perfectly mirrors the anonymity of his Bitcoin masterpiece.

5 Money Lessons From Monopoly

David A. Dedman | Posted 05.11.2015 | Money
David A. Dedman

1. Monopoly teaches us budgeting. It's a really simple, visual lesson. When you look down and you start to run low on that pretty pastel play money, you know you're in trouble.

Modern Banking

Jerry Jasinowski | Posted 05.05.2015 | Business
Read More: Banking, Business News
Jerry Jasinowski

The fact is that saving is also a great concept and the very idea of having to pay a penalty for saving troubles me because I was taught that savings was good for investment, economic growth, and improving your standard of living.

Charles Pascalar: Be the Guy Who Gives More Than What's Expected

Jonha Revesencio | Posted 06.22.2015 | Business
Jonha Revesencio

This is part of the #CareerAdvice series - featuring successful professionals who share their advice to people who would want to take their career to...

Did Subprime Mortgages Just Get Started Again?

D. Sidney Potter | Posted 06.18.2015 | Business
D. Sidney Potter

As it stands, QM loans are guaranteed by the government. Without this guarantee, banks will have a difficult time selling those loans, which the banks make a huge profit.

Women in Business Q&A: Keri Gohman, Head of Small Business Banking, Capital One

Laura Dunn | Posted 06.16.2015 | Business
Laura Dunn

As the Head of Capital One's Spark Business banking line of business, Keri Gohman leads an organization that serves the more than 50 percent of Americ...

The FinTech Agent Who Came in From the Cold

Spiros Margaris | Posted 06.11.2015 | Business
Spiros Margaris

One of my previous financial industry innovation proposals, the "FinTech Supermarket," was about the possibility of an open selection of the best fintech partners. In other words, a client offering the best financial package of financial services under one roof.

Why a Credit Union Might Be the Smartest Choice You've Ever Made

Rachel Pross | Posted 06.09.2015 | Money
Rachel Pross

Imagine what the U.S. economy would be like without a not-for-profit balance and competitive presence in the financial services marketplace to help keep rates and fees in check.

Are Banks Open on Good Friday? Guide to Holiday Bank Hours

GOBankingRates | Posted 06.03.2015 | Money
GOBankingRates

As a major Christian holiday, many will observe the day by fasting and attending a service. But is Good Friday a public or bank holiday?

Easy Direct Deposit Methods to Get Bonuses for Opening a New Bank Account

MyBankTracker | Posted 05.19.2015 | Money
MyBankTracker

Not too many people would say no to free cash and that's one thing banks count on when running new account promotions. The catch is that you typically have to jump through a hoop or two in order to get the money.

I Still Have a Vision: More Fairness Between Bank and Customers

Spiros Margaris | Posted 05.17.2015 | Business
Spiros Margaris

I always start with a wish or goal for a service or business that I think would be great to have and enjoy. Then, I ask myself whether my desire is relevant and shared by a large number of people and, most importantly, if it provides a real added value.

Douglass and Lincoln Knew Everybody Should Bank

Jean-Michel Giraud | Posted 05.09.2015 | DC
Jean-Michel Giraud

It's always important to look back at history and learn from it. Operation Hope and the Afro-American Historical Society of the National Archives did just that last week as they celebrated the 150th anniversary of the Freedman's Bank, linking a banking legacy to the future.

Sharat Menon: Propel Your Career or Business by Going Above and Beyond

Jonha Revesencio | Posted 05.07.2015 | Business
Jonha Revesencio

With great passion for successful innovation and deep understanding of businesses and consumers needs, Sharat Menon, how Vice President, Digital Payments and Remittances at DBS, shares how he started his career and shares some golden nuggets on how one can fast track his career and succeed in their own fields.