Word: bankses
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Banks looking to invest the money they raise through deposit-gathering are finding that the numbers barely work at all. Easton Bank's Menzies, for example, recently lost a bid to get $5 million in cash from a local government in exchange for the bank's issuing the government a...
As banks' margins are squeezed, there's one other looming consequence: higher fees. "They've got to do something to remain profitable," says Rick Barham, CEO of Market Rates Insight, which tracks pricing trends for financial institutions. His firm is being flooded with requests for fee studies - competitive overviews of...
Looking ahead, the situation isn't likely to right itself anytime soon. Many economists expect the Federal Reserve Board to again cut the target federal funds rate in mid-December in an effort to juice the economy by encouraging spending over savings. But that would probably also push down even...
But clashes rarely grow as big as those that have wracked Greece for the past two days. They began when police shot dead a 15-year-old boy in Exarchia on the night of Saturday Dec. 6. That killing sparked riots that spread to at least a dozen towns and...
Greece has experienced steady economic growth over the past seven years, but is now bracing for the fallout from the worldwide financial crisis. Many are angry that the government is giving $35 billion in aid to Greek banks at a time when one out of five citizens lives below the...