Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last Thursday, I attended former New York Governor Eliot Spitzer’s timely and stimulating lecture on banking reform. Spitzer exhibited a thorough understanding of the causes of the recent financial crisis and laid out a convincing case for robust regulation of America’s troubled banking system...
After the talk, I found myself wondering how these banks grew so large in the first place. In 1999, Congress passed the Gramm-Leach-Bliley Act, allowing retail banks (which accept deposits and issue personal loans), investment banks (which trade securities and manage corporate acquisitions), and insurers to merge. Subsequently...
The Obama administration’s proposed banking reforms include measures that will indirectly restrict the size of banks. Although this represents a step in the right direction, the president’s economic team has no plans to restore the wall between commercial banks, investment banks, and insurers. This...
Retail banks and investment banks have fundamentally different functions and thus different appetites for risk. Retail banks are low-risk ventures; their deposits are insured by the FDIC. Investment banking is more lucrative but involves greater risk. When these two businesses are placed under the same roof, the result is...
The new system requires banks to clearly explain overdraft charges to their consumers, and it also requires permission to offer the service in the first place. Requiring permission will make the customer a more active participant in the process of acquiring and, yes, understanding the use of a debit card?...