Word: consumerized
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In December, when Brian Moynihan was tapped to be the chief executive of Bank of America, many said he got the job because no one else would take it. Just days before, Robert Kelly, the CEO of Bank of New York Mellon, had become the latest high-profile executive to...
Asia matters for America. After Canada and Mexico, China is the third biggest consumer of American goods, followed by the Association of Southeast Asian Nations (ASEAN), the 10-country bloc that under U.S. prodding was founded in the 1960s as a bulwark against communism. The global recovery from the Great...
Every year, millions of business owners agree to put their personal assets on the line. "Even a business with a solid balance sheet may be required to have a personal guarantee," says Therese Franzén, an Atlanta lawyer and chair of the American Bar Association's consumer-financial-services committee...
One reason may be that Web-based personal-health records like the ones being compiled on Google Health don't appear to be covered under the Health Insurance Portability and Accountability Act, which requires that health care providers and health plans protect patient confidentiality. The federal government is in the...
Senate Banking Committee chairman Chris Dodd unveiled a bill to increase oversight of the financial industry, a move he said would better equip the country to deal with future economic crises. But Wall Street has already balked at his plan, which includes a new consumer-protection bureau, gives shareholders input...