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U.S. Banker
October 2001
Mark Bruno |
Questions About Aggregation Experts are asking whether investments in aggregation technology are paying off. Is your bank burning money by investing in aggregation? Some experts say yes...   |
U.S. Banker
October 2001
Paul Muolo |
How Long Can the Good Times Last? The mortgage industry enjoyed record production in the first half, but the party can't go on forever. Includes an outlook for the property market nationwide... |
U.S. Banker
October 2001
Paul Muolo |
Subprime Hot Potato Subprime lending certainly has become a hot potato. While offering potentially high profits, it also carries with it a two-pronged threat. First, losses may mushroom if the economy takes a dive, as many expect. And these loans haven't been stress-tested... |
U.S. Banker
October 2001
Paul Muolo |
Citibank Takes a Nap The Citi never sleeps, or at least it didn't used to. For five hours on Tuesday evening September 4, Citibank's network of 2,000 ATMs unexpectedly shut down. Customers were unable to obtain cash or perform other functions. Citibank's debit system was knocked out at the same time... |
U.S. Banker
October 2001
Paul Muolo |
Endangering the Movement Sure, everybody's out to make a buck. But credit unions? The whole idea behind credit unions is that they're supposed to be non-profit organizations that give their members low-cost loans and safe havens for savings. But now California CUs want to sell shares to outsiders... |
U.S. Banker
October 2001
Paul Muolo |
How Much Can They Take? It's hard to imagine Mellon Financial Corp. messing up the way it did in its contract to process individual tax returns for the Internal Revenue Service... |
U.S. Banker
October 2001
Mark Bruno |
Non-Existent Danger Visa says it will start pushing one of its newest services just in time for the holiday shopping season: Verified by Visa. It's just one more gimmick designed to make anxiety-ridden consumers feel safer about using their credit cards for Internet purchases... |
U.S. Banker
October 2001
Mark Bruno |
Hollow Currencies At one point, it was said that alternative Web currency would be a more convenient and a safer way to shop online. But apparently, it wasn't even a very safe way to do business for two of the industry's major players, Flooz.com and Beenz... |
U.S. Banker
October 2001
Mark Bruno |
Internet Banks Broaden Product Lines Doing business on the Internet -- and only the Internet -- is getting trickier and trickier for some financial institutions. Many have altered their core businesses over the past year and expanded into new areas to protect themselves during difficult economic times... |
U.S. Banker
October 2001
Mark Bruno |
Brokat Internet Banking Quits U.S.; Metavante Cleans Up After a series of costly acquisitions, Brokat began selling off some of its business units, and in late August completed its retreat from the U.S. markets, selling its U.S. Internet banking and brokerage units to Milwaukee-based Metavante Corp.... |
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