Banks and Money
Basic Functions of Banking
The basic functions of banking are: more »
Is Your Bank in Immediate Danger of Failure?
As the Dow dips below 10,000, it’s not just your investments that might be at risk.
Fixing the Banks – A New Approach to National Banking Regulation
A strong economy needs a strong financial services sector. A strong financial services sector needs strong, viable, and competitive banks. Today’s American banking sector is in near collapse. The federal government has practically nationalized the big banks. The FDIC is nearly bankrupt. According to the FDIC’s Failed Bank List, the FDIC has closed 112 banks in the past year. From 2000 through September 2008, they closed 40 banks.
Global Challenges In Banking
INTRODUCTION
Financial Sector reforms initiated in the country as a part of the economic reforms since the year 1991, has brought about revolution in the structure of banking environment. While deregulation has opened up new opportunities for banks, liberalization has intensified competition in the banking industry by opening the market to new foreign and private sector banks. Declining interest rates and reduced lending margins have thrown up new challenges to banks, particularly public sector banks .Banks
need to equip themselves sufficiently to operate in such a competitive environment .
Let the Lawsuits Begin – Banks Brace For a Storm of Litigation
In an article in The San Francisco Chronicle in December 2007, attorney Sean Olender suggested that the real reason for the subprime bailout schemes being proposed by the U.S. Treasury Department was not to keep strapped borrowers in their homes so much as to stave off a spate of lawsuits against the banks. The plan then on the table was an interest rate freeze on a limited number of subprime loans. Olender wrote: