ABA Gives Thumbs Up to Subprime Lending — Really
Quietly, the American Bankers Association, that stalwart of conservative American banking, has blessed a new "subprime" commercial loan product. The...
Archive
Not Every Bank Is in the Dumps
Not every bank is a Plaxico Burress. There is a misconception that "all banks are in trouble." Dozens of banks...
Charity Case: How TD Bank Gets Local Do-Good Organizations to ‘Sell’ Its Products
For TD Bank, a higher calling means greater deposits. That appears to be the case with its affinity program, which...
Dour Labor Numbers
In recent months bankers have been looking to the labor market to gauge the depths of the recession. The depths...
Bank of England drops UK interest rates by 1% to 2% lowest since 1951
The Bank of England has cut the base rate by one percentage point, from 3% to 2% - the lowest...
4 Key Takeaways from Today’s Beige Book Report (Hint: They’re Not All Bad)
The Federal Reserve just released the December 2008 Beige Book which is a review of the current economic conditions. And...
Gordon Brown unveils UK mortgage help plan
People facing repossession in the UK will be able to defer part of their mortgage interest payments for up to...
Queens Speech to include statutory code on bank lending for UK banks
Reports (or should that be leaks) suggest the Queen's Speech on Wednesday will include a new statutory code of conduct...
Social Networking for Banks: The Missing Link Will Stay Missing
There has been a lively debate on both sides of the Atlantic in recent days on the prospects of social...
Pressure mounts in UK on banks to start lending
Imagine for one moment that your friend owned a bank. He has made some really stupid loans and paid himself...
