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Financial Institutions

Civil Society Walks Out On the World Bank

Nezir Sinani | Posted 10.22.2014 | Impact
Nezir Sinani

As the World Bank Group (and the IMF) shareholders convened the other week in Washington, DC for their annual meetings, one lesser-known issue grabbed the spotlight -- the new environmental and social policies.

How Small Loans Mean Big Changes For Rural Women

Julie Slama | Posted 10.14.2014 | Impact
Julie Slama

In most countries of Latin America and the Caribbean, poverty is concentrated in the rural areas, where approximately 125 million people live. The majority of the population is made up of self-employed farmers and small business owners who rely on their own hard work to survive.

On International Women's Day, ‘Invisible' Women Need Financial Access

Mary Ellen Iskenderian | Posted 05.08.2014 | Impact
Mary Ellen Iskenderian

Wherever she lives, no matter what country, when a woman controls her own finances she invests that money in ways that can bring about long-term change -- education for her children, health care and better housing for her family. But low-income women around the world are routinely denied access to the basic financial products that most of us take for granted.

Are Financial Institutions Serving Women Well?

Mary Ellen Iskenderian | Posted 08.04.2013 | Impact
Mary Ellen Iskenderian

2013-04-23-theraiseforwomenchallenge300x60.jpg Is it enough to have an institution with a stated commitment to serving women? Or does an institution have to serve a client base that is proportional to the male-female population in the region? Or are there other factors we need to measure?

Three Tips for Getting a Business Loan: What You Need to Know

Mary Ellen Biery | Posted 05.18.2013 | Small Business
Mary Ellen Biery

Applying for a business loan can be intimidating and stressful, and it can be confusing to have an application rejected with little explanation. Three of these steps are described below, and should be completed prior to approaching a financial institution about a loan.

Small-Business Lending Summit Features Obama Administration's Top Appointees, Elected Politicians and Industry Leaders

Jerry Chautin | Posted 06.19.2012 | Small Business
Jerry Chautin

At the recent Small Business Lending Summit, franchising was cited as a popular path to entrepreneurship. But the difficulty that small-business owners face for financing is a challenge.

Meddling in Banks Causes Its Own Perils

Clifford W. Smith | Posted 06.04.2012 | Business
Clifford W. Smith

We are creating monumental problems down the road from regulators pursuing this disruptive, counterproductive and dysfunctional course of protecting the banks and also intervening with their operations.

Small Business Financing May Suffer From Obama's Proposed Budget and Political Wrangling

Jerry Chautin | Posted 04.22.2012 | Small Business
Jerry Chautin

Small-business owners are holding their collective breaths as the Obama Administration's proposed budget wends its way through the politically-charged Congress.

Commercial Mortgage Bankers Are Doing Deals As the Real Estate Market Breathes New Signs of Life

Jerry Chautin | Posted 04.02.2012 | Business
Jerry Chautin

Rental apartments are back in demand, financing for hotels and motels is loosening up a bit and investors are stepping off the sidelines with wads of cash to do deals.

Holder: Justice Department Subpoenaed 11 Financial Firms

Reuters | Posted 03.28.2012 | Business

WASHINGTON, Jan 27 (Reuters) - Attorney General Eric Holder said on Friday that civil subpoenas have been recently issued to 11 different financial ...

Investors, Business Schools and Financial Crisis

Sion Owen | Posted 03.19.2012 | Business
Sion Owen

It is not just Wall Street that needs to be occupied and reformed, but Main Street, and the process is already underway in finance, retailing, manufacturing, education and politics. Perhaps this is the time for business schools to step forward and take a radical lead.

New York Startups Drive Manhattan Office Surge: Report

Reuters | Posted 03.19.2012 | Small Business

(Reuters) - Manhattan, arguably the financial capital of the world, has media and technology companies to thank rather than banks for its improving of...

HARP Is Harping on the Wrong Solution and Bilking Taxpayers

Jerry Chautin | Posted 01.29.2012 | Business
Jerry Chautin

The revised HARP program will help a few homeowners and investors at taxpayers' expense. It will release refinancing lenders from liability. And most disappointing, it may have no discernible effect on improving our economy.

We Must All Now Be Avid ECB Watchers

Mohamed A. El-Erian | Posted 01.19.2012 | Business
Mohamed A. El-Erian

Not surprisingly, signals of market stress are increasing, with a growing number of measures now flashing yellow and some on the verge of flashing red. The longer this persists, the greater the risk of very large market moves.

SBA is Making Lines of Credit More Available --- Maybe

Jerry Chautin | Posted 01.11.2012 | Small Business
Jerry Chautin

To provide the much-needed liquidity, the U. S. Small Business Administration is revising its CAPLine program to make lines of credit more acceptable to lenders and more available to small-business owners. However, banks would rather make conventional LOCs rather than hassle with some of the SBA's requirements.

There Went the Sun: Renewable Energy Needs Patient Capital

William Lazonick | Posted 11.23.2011 | Business
William Lazonick

For solar manufacturing in the United States to be profitable, it will need committed finance that the U.S. venture capital community -- still by far the world's richest -- is unwilling to provide.

Lender "Screws Up," Others Can Learn From Its Mistakes

Jerry Chautin | Posted 10.17.2011 | Business
Jerry Chautin

Every bank has its own sweet spot for small-business loans and will look at your application somewhat differently. Find the right one and form a business relationship before applying.

Blow, Bling and Bucks: IMF Work Against Money Laundering and Terrorist Financing

Jody Myers | Posted 08.28.2011 | Business
Jody Myers

Drug traffickers, diamond smugglers, and terrorists' financiers around the world have one thing in common: they abuse the financial system to "clean" the proceeds they have obtained from their illegal work, or to transfer funds to achieve their destructive aims.

Even Hurting Banks Are Still Very Profitable

TIME.com | ZACHARY KARABELL | Posted 08.21.2011 | Business

The latest out of Wall Street-land is a warning by analysts at Citibank that profits at Goldman Sachs and Morgan Stanley (and to a lesser degree at ot...

Fed Survey: Banks Taking Bigger Risks

Posted 07.02.2011 | Business

WASHINGTON: Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but loan demand among large fir...

Ex-TARP Inspector General: Bailout 'Failed' To Meet Goals

The New York Times | NEIL M. BAROFSKY | Posted 05.30.2011 | Business

TWO and a half years ago, Congress passed the legislation that bailed out the country's banks. The government has declared its mission accomplished, c...

The Financial Crisis -- Are We Going Anywhere?

Asher Edelman | Posted 05.25.2011 | Business
Asher Edelman

There has been no improvement in the unemployment statistics over the past year. Certainly we are in for more of the same as to unemployment. Why have no real solutions been entertained?

In The Public Interest: Checking the "Fact Check" From CFPB Opponents

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

What opponents of the CFPB really fear is that we now have a regulator that will put consumer interests first and hold Wall Street accountable.

Obama's Job Creation Plan and Business Growth Coincide at Exporting

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

You can increase your revenues by selling products and services overseas, even if you've never done it before. Moreover, exporting creates jobs in America. That is why Obama wants the federal government to help you get started.

Brokers Are Blamed for Loan Failures

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Lenders, brokers and borrowers beware. The Small Business Administration's Inspector General is looking for errors made during the origination, closing and servicing procedures.