This huge study will tell everything you'll ever want to know about unbanked and underbanked consumers in the U.S.
Following a settlement over deceptive fees charged to students, Higher One moves to Pew standards for transparency with checking accounts.
Like a phoenix from the ashes, BankUnited has resurrected its brand — from FDIC failure to successful IPO — christened with a new identity.
When a bank fails, it seems the other remaining financial institutions in the community are reluctant to aggressively market themselves to the failed bank’s customers. They don’t want to seem insensitive to the hardship placed on the community, nor come across as if they were dancing on the grave of their fallen peer. The psychology […]
Here are recent stories and other items of interest from around the web. Click on the hotlinked headlines to read more. Bookmark This: FDIC provides deposit data for any bank branch in the U.S. Business is Booming: FDIC to add new office to handle bank closings Be First to Know: FDIC updates list of failed […]
Bribes: one way to buy deposits National Bank of Kansas City is offering a free $50 Lowe’s Gift Card for opening a personal checking account. TCF Bank just announced their $50 Free Cash Checking Campaign. Neighborhood Credit Union is offering a free $100 bonus. HomeStreet bank is offering up to $215 free. At least Key […]
“Capitalism without failure is like religion without sin.” – Economist Allan Meltzer “Most financial history is useless at this point. Even well-known economists grasp for examples of periods that are comparable to current conditions.” – Douglas McIntyre in Time Magazine “Close them down, get them out of business. If they’re dead, they ought to be […]
Last week, The Financial Brand wrote about how the FDIC and the NCUA are cracking down on financial institutions that attack the safety or soundness of any financial institution (or category of financial institutions). Their fear is that such ads might trigger an unwarranted run on deposits. So how will federal regulators feel about these […]
NCUA quashing any form of finger pointing Last month, a credit union lodged a complaint with the NCUA about a rival credit union’s website. The credit union wasn’t happy that Glendale Area Schools FCU had publicized an unflattering rating from Bauer Financial. The NCUA promptly fired off a letter to Stuart Perlitsh, CEO/Glendale Area Schools […]
The Financial Brand used Google Trends to see how the economic crisis was affecting people’s feelings about their finances and the general state of things. The Google Trends tool searches Google’s records to see how often people search for certain terms. It graphs out the relative frequency with which these terms have been searched over […]
$500 billion FDIC bailout forebodes massive failures Late last week, the U.S. Senate proposed to allow the FDIC to borrow as much as $500 billion from the Treasury Department. While the mainstream media obsesses over the seemingly never-ending stream of colossal bailouts pouring out of Washington, another — arguably more important angle — is going […]
No matter how the financial rescue plan unfolds, the financial industry as a whole will not go back to the way it was. This challenging economic climate provides a historic opportunity for the credit union industry to step out from the shadow of banks and take a prominent place in Americans’ financial futures. With this […]
Breaking News – Thursday, September 25, 2008 The FDIC just seized all the assets of Washington-based thrift, WaMu, making it the largest bank failure in history. The FDIC quickly brokered a deal where WaMu’s roughly $150 billion in deposits will be sold to JP Morgan Chase. It is reported that JP Morgan will be paying […]