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Banking

Racial Discrimination Continues at the Development Banks Hobbling Efforts to Meet the MDGs in 2015

Bea Edwards | Posted 07.21.2014 | Impact
Bea Edwards

While no one is claiming that the goals have actually been reached, indications are that the reported progress is significantly overstated. This sleight of hand is accomplished statistically by making the truly vulnerable and poor populations disappear into a larger pool of data collected on a macro scale from the better-off.

How Long Can Interest Rates Defy the Odds?

Richard Barrington | Posted 07.21.2014 | Money
Richard Barrington

America loves an underdog, a scrappy competitor who manages to beat the odds. By staying so low for so long, interest rates have not only beaten the odds in recent years, they've laughed right in their face. The question is, how long can interest rates keep doing it?

Republican-Controlled House Backs Obama Rules Enabling Marijuana Banking

Eric E. Sterling | Posted 07.16.2014 | Politics
Eric E. Sterling

If you run a medical marijuana dispensary, or a legal marijuana business in Colorado, how do you get paid? Federal laws enacted during the war on drugs in the 1980s barred banks from doing business with "drug traffickers."

Navigating Financial Milestones: Taking Control of Your Personal Economy in a Global Environment

Andrew Ireland | Posted 07.02.2014 | Money
Andrew Ireland

A strong personal economy has, historically, been built on traditional pillars: Make smart investments, manage expenditures, and build sound credit history. But in today's increasingly interconnected world, that alone won't cut it.

From King Of Cash To Cash Registry King

Michael Levenson | Posted 07.02.2014 | Small Business
Michael Levenson

My entrepreneurial itch started calling me with the simplest of gift registry purchases -- a crystal olive dish.

A Lifeline at Risk

Raymond C. Offenheiser | Posted 06.26.2014 | Impact
Raymond C. Offenheiser

The remittance corridor to Somalia is uniquely stressed -- and uniquely important. At the moment, Somalia's remittance system is its life-support, its economic engine and the glue holding its communities together.

4 Reasons Why Your Banking Relationship Is About to Significantly Change

Gene Marks | Posted 06.25.2014 | Small Business
Gene Marks

The banking industry is undergoing an enormous change. And, whether you like it or not, your business is stuck in the middle of it. Your paper checks are slowly disappearing in lieu of electronic payments.

The Misrule of Law in Croatia

John Feffer | Posted 06.25.2014 | World
John Feffer

Natasha Srdoc, who has done stints in international banking, the think tank world, and politics, is a firm believer in free market capitalism. She doesn't think what took place in former Yugoslavia comes anywhere close to her understanding of how capitalism works.

Hungary's Economic Leap

John Feffer | Posted 06.23.2014 | World
John Feffer

Given its position at the head of the pack of countries in the region, Hungary was expected to be the first to make the successful transition to capitalism. But today, Hungary has fallen behind many of the other countries in the region in terms of growth, employment, debt, and other economic indicators.

Why Graduates Should Reconsider Their Bank

Richard Barrington | Posted 06.20.2014 | Money
Richard Barrington

Graduation is a turning point personally, socially and professionally. While those changes may take months or years to fully develop, getting your degree sets you on the beginnings of a new path.

Can a Post Office Be a Bank?

John Harrington | Posted 06.11.2014 | Impact
John Harrington

Instead of privatizing the post office, there may be a better way to raise revenue for the post office by providing financial services for many who need access to credit and short-term capital.

A Vertical World

Matthias Paul Kuhlmey | Posted 06.06.2014 | Business
Matthias Paul Kuhlmey

Should the US once again decide to "turn within," it would likely not be as straightforward as before. Today's economic system is dependent on global trade and capital flows, outsourcing needs, and the exploitation of inexpensive labor and resources.

New China-Africa Development Fund Could Add Accountability, Transparency to Chinese Investments in Africa

Efraim Chalamish | Posted 06.02.2014 | Business
Efraim Chalamish

This surprising 10-year multilateral pact was described by Zhou Xiaochuan, the governor of China's central bank, as a supplement to his country's traditional lending to Africa, which has consisted mainly of bilateral grants and loans and infrastructure projects financed by Chinese state-owned banks.

Overcome Your Financial Fears

Erin Cox | Posted 05.30.2014 | Money
Erin Cox

It's entirely possible to become financially savvy even if you never have before. This is something I can personally attest to despite the challenges I even face.

Don't Look Now But Something's Eating Your Money

Jason Gordo | Posted 07.15.2014 | Money
Jason Gordo

If you choose not to invest, then you need to have some other plan in place to protect your savings. Otherwise, you might as well lock your money in a dank safe and let it decompose.

Twitter Won't #BringBackOurGirls

Jesse Larner | Posted 07.13.2014 | Politics
Jesse Larner

Sorry, but I have to say this: Am I the only left-leaning person who finds Michelle Obama's ‪#‎BringBackOurGirls‬ tweet to be smug, opportunistic and worse than useless?

Getting Married Soon? 10 Smarter Ways to Spend the Average Wedding Budget

MyBankTracker | Posted 07.08.2014 | Money
MyBankTracker

The need to make one day memorable has resulted in dress purchases that rival down payments on a car and a catering bill that can easily run into the thousands. One of the most cited reasons for divorce is money woes, which makes this pricey wedding-planning process quite ironic.

Morgan Stanley CEO Doesn't Believe More Bankers Should Have Gone To Jail For Financial Crisis

Reuters | Lauren Tara LaCapra | Posted 05.06.2014 | Business

By Lauren Tara LaCapra NEW YORK, May 6 (Reuters) - Morgan Stanley Chief Executive James Gorman said on Tuesday that he does not believe more banker...

FACTA: A Reminder of the Social Role of French Banks

Frédéric Lefebvre | Posted 07.06.2014 | World
Frédéric Lefebvre

If everyone understands the need to fight against tax fraud, everyone can agree that law abiding taxpayers should not pay the price. That is why it is essential that our government remind financial institutions of their duty and not sacrifice their social role attached to banking in France and remind them of their obligations.

The House Financial Services Services Committee

Bartlett Naylor | Posted 07.06.2014 | Business
Bartlett Naylor

The members of the committee should understand their primary service is to average Americans, not their donors.

‘Mindfulness' Gives Stressed-Out Bankers Something To Think About

The Financial Times | Harriet Agnew | Posted 05.06.2014 | World

A quiet revolution is gripping the City of London. Fast-paced financiers are turning to “mindfulness”, an ancient Buddhist concept that embraces m...

Conservative Economist Wants To Basically Ban Banking

The Huffington Post | Mark Gongloff | Posted 04.29.2014 | Business

In these days of political strife, of Cruz v. Warren, Bush v. Clinton, Sterling v. Humanity, it is nice to know that at least one thing can still brin...

SunTrust Raises Out-of-Network ATM Fee: 5 Things to Know for the Week

MyBankTracker | Posted 06.29.2014 | Money
MyBankTracker

This week, SunTrust Bank will join some of the other big banks in making it more expensive for customers to use an out-of-network ATM. Other things to...

Small Business Lending Plummets as Loans to Big Business Soar

Stacy Mitchell | Posted 06.24.2014 | Small Business
Stacy Mitchell

Studies show locally owned businesses are a primary source of net new job creation. Yet independent businesses in many sectors are losing market share, while the number of new startups has steadily fallen over the last two decades.  Insufficient capital is a key culprit driving these trends.

The Best Monetary Policy Is Strict Financial Regulation

Anthony W. Orlando | Posted 06.18.2014 | Politics
Anthony W. Orlando

In recent years, private-sector forecasters have been surprisingly accurate at forecasting changes in the unemployment rate, but they have been equally inaccurate when forecasting changes in the federal funds rate, the baseline interest rate controlled by the Fed.