FEATURES >> Where are they now? The whistleblowers edition | Q2 Earnings
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recession news from FierceFinance
NewsUnintended consequence: Rising credit card rates
At a time of record low interest rates, credit card rates are bucking the trend. The average interest rate on credit cards rose to 14.7 percent last quarter, up from 13.1 percent a year ago,... Read more...
Citigroup's "global bank" shtick
At Citigroup (NYSE: C), the marketing rhetoric has shifted. Instead of aspiring to be a "universal bank," it now aims to be a "global bank." CEO Vikram Pandit (Vikram Pandit news) has long held that... Read more...
Warren Buffet's credit card fiasco
Credit cards (credit card news) looked like easy money not too long ago. Just look at the rates such cards carry. The notion of easy money was validated when Warren Buffet dreamed of a way to get... Read more...
NYC was bailed out too
In the end, the financial crisis and recession in New York City just wasn't that bad. That's a somewhat surprising conclusion from the New York Times, given the headlines we've become accustomed to... Read more...
Perils of a steep yield curve
Steep yield curves usually spell good news for banks. Borrowing at low long-term rates and lending at high short-term rates has been a winning formula historically. But these are extraordinary times,... Read more...
Ready for big credit card losses?
One big question about the analytical underpinnings of the stress tests: The assumed correlation between unemployment and credit card write-offs. There's no doubt there's a strong relationship. The... Read more...
Should Starbucks become a bank?
By one estimate, 17 percent of consumers either changed banks or opened an extra account at another bank in the last quarter of 2008. Does that spell opportunity for anyone? The Financial Times... Read more...
Stess test update: Citi, Bank of America's plans
The Financial Times reports than both Bank of America and Citigroup are working on plans to raise up to $10 billion more in capital. That is the amount the so-called stress tests have determined they... Read more...
More on Citigroup's stress tests
Citigroup is locked in some intense negotiations with federal regulators over just how much capital it will have to raise. The big issue is whether assets sales (like the Nikko Cordial deal) and the... Read more...
| Press ReleasesRecession Spurs Rise of the “Cautious Consumer” as Credit Card Usage Hits All-Time LowJavelin Report Reveals Credit Card Use Predicted to Drop Below 50% in 2010; Consumer Behavior Shifts to “Pay-Now” Alternatives SAN FRANCISCO--(BUSINESS WIRE)-- According to a new Javelin Strategy Read more >> Research and Markets: Payment Card Issuer Strategies 2010: The Rise of The Cautious ConsumerDUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/614cf5/payment_card_issue) has announced the addition of Javelin Strategy & Research's new report " Read more >> Statement from Bart van Ark, Chief Economist of The Conference Board on Today's Jobs Report from The U.S. Labor DepartmentNEW YORK, Sept. 3 /PRNewswire/ -- Stuck in the Slow Lane The modest job gains during the past few months not only reflect the response to slow output growth, but also a lack of confidence going Read more >> American Land Title Association Reports Q2 Title Insurance PremiumsWASHINGTON--(BUSINESS WIRE)-- The American Land Title Association (ALTA) reported title insurance premiums written during the second quarter of 2010 decreased 8.5 percent when compared to the same Read more >> One-in-Five Workers Have Trouble Making Ends Meet as More Indicate They Live Paycheck to Paycheck, Reveals New CareerBuilder Sur--Nearly eight-in-ten workers living paycheck to paycheck, up from 2009--CHICAGO, Sept. 1 /PRNewswire/ -- As the effects of the recession linger on, one place it continues to have a tight grip is on Read more >> |
