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small business
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Latest Headlines
Bank of America speaker sparks criticism
The Occupy Wall Street movement was happy to note that author and corporate speaker Malcom Gladwell was one of its major supporters.
At a recent event, he was asked about the protestors and said that "Their complaint is real and they should be even more angry. Everyone should...the actions
Strategic defaults still rising
There's no doubt that we're seeing a rise in strategic defaults, even though there is little hard data to back it up. Anecdotal evidence is everywhere, however. You probably know some people who have decided to stop making their payment; they are likely underwater. However in some cases, they have
CFO to run consumer unit at Bank of America
CEO Brian Moynihan has signaled that he is not afraid of novel executive moves. He has made CFO Joe Price, the head of consumer banking, a major unit at the company, obviously. He'll be running the consumer, small business and card operations. It may not be as novel as it sounds initially. Price h
Most far reaching tech innovation of the decade?
Paul Volcker had a surprising answer recently when asked what the most important innovation of the last decade was: the ATM. This may have been delivered tongue-in-cheek. As the Financial Times
Cyberhackers vs. banks
The Financial Times has weighed in with a wide-angle view of the current state of the hackers vs. banks war. It concludes that the thieves may be winning. One experts estimates criminals took about
The new small business lending leaders
When it comes to small business lending, CIT ruled the roost for a long time, but its spectacular fall has changed the order. Forbes notes that the lenders' share of Small Business Administration loans fell from 6 percent of the market to 1.1 percent in the first nine months of the year. It's
Losing out on the small business online opportunity
Who's been hit hardest by the on-going recession? You could make an easy case for small businesses. No one is lining up to bail them out for bad decisions. Banks certainly haven't boosted liquidity
