With such a low percent of net interest margin, the best possible outcome on a loan for these money making lenders is to get paid back all of its principal and make a small spread on the interest.
If you're in a banking relationship that you're unhappy with -- of if you're looking to open a new account at an institution -- it's wise to figure ou...
Along with former Senator Alan Simpson, Erskine Bowles has become known to much of the public as the co-chair of President Obama's deficit commission. The two of them produced a report that is viewed by many in the media and leading Democrats in Congress as providing the basis for a "Grand Bargain" on a long-term deficit reduction package.
U.S. banks and credit unions, preparing for proposed changes to how they must estimate credit losses, anticipate they'll eventually need to boost allo...
At a time when financial markets are dominated by computer-driven high frequency trading that has little benefit for the real economy, a tax of even a fraction of a percent could encourage longer-term sustainable investment.
The wealth of crowdsourced, peer advice allows us to make an informed decision when we decide how to spend our money. But, why don't we practice this ritual when picking a bank, a credit card or any other financial product?
In a world where everything has transitioned to be modern, fast, and efficient, more and more banks are downsizing their branch networks, raising the question: Do bank branches still matter?
Today, there is extra urgency behind the need for a shift toward innovation: many new financial services competitors that are small, nimble and on the cutting edge of technology entered the market right after the financial crisis, when established firms were busy licking their wounds. The old guard is going to need to stay on top of innovation just to keep up with the new guard.
Young families, military families and low-income people who may not make six digits but have good credit are, for all practical purposes, blocked from owning a home by requirements for high credit scores and down-payments.
Thirty years ago, what Apple announced it was going to do was democratize computing. Back then, the idea of a computer that was personalized to people -- with a mouse and graphics and a warm experience for the user -- was revolutionary.
About two years ago, I visited Hong Kong for the very first time and could not believe my eyes. Traveling from the dated, fraying JFK airport in NYC to the shining, efficient airport in Hong Kong, my world view was immediately changed: It was the U.S. that was a third-world country, and Asia was vivid.
Wall Street's trumpets blasted in full force from the top of America's largest bank today to declare: all we care about is making money, even if that means breaking the law at times.
On 24 September 2013, Syracuse University's "TRAC Reports," which is the only organization that tabulates the federal government's prosecutions of eli...
While there are literally hundreds of artists and singers deserving of international attention, here are ten that you'll most likely hear from in the new year.
I worked for 30 years as a cardiologist in Richmond, and I have always seen the city's problems through the health lens. What can a focus on health teach us about Richmond's foreclosure crisis? What is the impact on the health of families and neighborhoods?
After muddling through this period, The Wolf of Wall Street serves as a reminder to the bad old days where the stereotypical "white male" in finance is solely driven by money and excess, not the best interests of the client.