banking News

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From Aspiring Actress to Economic Leader, Duke Says It's 'Personal'

It seems safe to say that Elizabeth Duke started her professional life thinking more of Shakespeare than small-business loans, leading roles on stage rather than leadership of a $14.8 trillion economy amid the tumult of financial crisis. But Duke, now a governor on the board of the Federal Reserve and an active player in...

Thelma and Louise Wannabes Steal One Item Too Many

(Dec. 13) -- Two women in Oregon recently discovered that while you don't have to be a criminal mastermind to rob a bank, you may want to research the craft before trying. Authorities in Portland arrested 23-year-old Brittney Caudle, also known as Brittney Sykes, and 19-year-old Emma Westhusing following a robbery at...

Waters' Defense: Minority Banks Went Unnoticed

(Aug. 13) -- Maxine Waters is firing back. Currently under investigation by the House ethics committee for her role in helping Boston-based OneUnited Bank -- where her husband, Sidney Williams, owned considerable stock -- secure $12 million in TARP funds from the Treasury Department during the economic crisis of 2008,...

Long-Fought Wall Street Reform Bill Goes to Obama

(July 15) -- Senate Democrats today muscled through a far-reaching overhaul of Wall Street rules and oversight that sent the government's most ambitious effort to prevent future financial crises to the White House for President Barack Obama's signature. Capping more than a year of legislative fights, fierce lobbying from...

Wall Street Bank Reform Law Clears Largest Hurdle

(July 15) -- A sweeping overhaul of Wall Street firms and American financial institutions cleared its highest hurdle Thursday morning when the Senate voted 60-38 to end debate on the bill. A final Senate vote is scheduled for late Thursday afternoon, when the bill is expected to pass easily.

banking News From AOL

THE UNOFFICIAL APPLE WEBLOG (TUAW)

CM4 Q Card Case brings summer colors to an iPhone 4/4S wallet case

CM4's Q Card Case is one of the best iPhone wallet cases on the market right now.

THE HUFFINGTON POST

Why Student Debit Cards Are Wolves in Sheep's Clothing

The report finds that banks and financial firms now control or influence federal financial aid disbursement to over 9 million students by linking checking accounts and prepaid debit cards to student IDs. For decades, students would receive their aid by check, without being charged any fees to access their student aid.

THE HUFFINGTON POST

banking News From the Web

05/30/12 Eurozone lending still weak: ECB Source: Asia One Eurozone lending to the private sector remains weak, suggesting the vast amounts of cheap cash pumped into banks earlier this year provided only scant relief from the crisis, data showed Wednesday.
05/30/12 Getting carded: Banks stack fees on students Source: NBC/CBS - WNKY - Bowling Green KY It took Mario Parker-Milligan less than a semester to decide that he was paying too many fees to Higher One, the company hired by his college to pay out students' financial aid on debit cards.
05/30/12 Banking model 'unsustainable' Source: China Daily The Chinese banking industry's business model, which has seen high earnings growth driven by interest income over the past several years, is unsustainable, according to a report by Ernst & Young.
05/30/12 DOUG KASS: 10 Reasons I'm More Optimistic About US... Source: ClusterStock In a note up on the website of his fund Seabreeze Partners , investor Doug Kass argus that US equities offer the best place to put your money, as things go aggressively in reverse in other parts of the world, specifically Europe.
05/30/12 Moody's downgrades nine banks Source: The Courier-Mail The nine, along with the Finnish subsidiary of one of the banks, saw their ratings cut one to three notches, with one of them, DLR Kredit, pushed three steps down into the junk-bond realm at Ba1. "Danish financial institutions face sluggish domestic economic growth, weakening real estate prices and higher levels of unemployment, as well as the risk of external shocks from the ongoing euro area debt crisis," Moody's said.

Background on banking

A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets.

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