The Fed’s announcement on Thursday of a new rule prohibiting overdraft fees on debit card and ATM transactions without consumer opt-in is an economic earthquake for retail banks. The Center for Responsible Lending has estimated that banks make $23.7 billion in...
This montage of bank TV ads chronicles the shift from old white men in ties, speaking directly to the camera, oozing old-world respectability in an effort to earn your trust - with a sprinkling of the old-west featuring the Wells Fargo stage coach - to ethereal,...
GTNews - the go to source for global treasury news - is soliciting questions about SWIFT connectivity for Corporates. If you've been meaning to learn more, go to the GTNews home page and navigate to the blue box on the bottom right. UPDATE (September 14, 2009): The...
It's springtime, and annual payments statistics are starting to bloom. A good time, perhaps, to consider the state of business-to-business (B2B) payments. NACHA recently released figures showing that ACH CTX transactions grew by 15% in the fourth quarter, compared to...
Advertising Age picked Bank of America's mobile banking efforts as one of the leaders in its Digital A-List 2009. Rita Chang writes: Underlying all of the marketer's moves into mobile services and marketing is a key insight: Give people more control over their banking...
Last year I attended the original BarCampBank San Francisco and had a fantastic time (I blogged about the experience here.) It is an unstructured, participant-organized, conference on banking/payments/financial services innovation. BarCampBank events have been held in...
Amid increased government ownership of Citibank, persistent rumors that BofA is next, and announcement of the Obama administration's budget, there has been increasingly loud debate over bank nationalization. The media pundits and blogosphere are a cry with claims of...
The latest post at the Wells Fargo-Wachovia merger blog hints at the complexity involved in integrating the two banks' services, technology, and products. Let alone the people + organizational structure! I admire their honest, open approach.
Photo: SF Chronicle The SF Chronicle interviews Wells Fargo CEO John Stumpf in today's paper. The Wells Fargo - Wachovia merger blog inspired rave reviews and sets the bar high for other financial institutions considering blogging The Finanser (Chris Skinner) -...
According to a recent survey by CFO.com of finance executives, not only does it cost more to borrow in the current climate, but the quality and breadth of services available from commercial lenders has deteriorated. Seems the bankers are too preoccupied trying to...
