In honor of Thanksgiving the WSJ MarketBeat blog updated its bailout scorecard. The matrix summarizes who was bailed out, describes the program, why, who was helped, who paid, and - most importantly - is it working? Check it out here.
Confused by the various Fed lending programs for banks? Here's a handy quick reference guide from the Fed Reserve of NY. Download PDF
[via PaymentsNews] The website howstuffworks (from the folks at the Discovery Channel) has a primer on mobile banking - it's geared toward consumers but it's interesting for us industry insiders to see how they characterize the service offerings and...
A recent reader survey by American Banker reveals that bankers are pessimistic about their employers.
Reports indicate that this afternoon Citi is close to an agreement with the government whereby losses due to risky assets on the bank's balance sheet would be limited. A new "bad bank" entity would be created to house approx. $50 billion in risky...
In addition to the big bank recipients of TARP funds, seventy regional banks have applied. Graphic courtesy of American Banker:
Timely articles at GTNews: Europe's Response to the Market MeltdownSanjima DeZoysa, Editor, gtnewsIn Europe, it's every country for itself as the continent reacts to the credit crunch. Depositor guarantees and state intervention are the key talking points...
The New York Times DealBook blog links to an article in The New Republic (published Friday) by Larry Grafstein and Jim Millstein, two managing directors at the investment bank Lazard, blaming Wall Street for the current financial mess. Excerpt from The New Republic...
After a weekend of negotiations Washington has come up with a Bailout deal... you can read it for yourself here. And if that's too much legalese for your taste, here's the summary (courtesy of the WSJ). Meanwhile, stocks worldwide are tumbling. Coverage:...
On Friday US Banker published its 7th annual ranking of the most powerful women in banking. The list was compiled earlier this summer and some of the women no longer hold the roles they had at the time of publication (Krawcheck) and at this writing some of the banks...
