Category: Banking

Month in Review: October, 2012

24 December, 2012 (10:00) | air conditioners, Apartments, Banking, Bankruptcy, Boston, China, Development, Local issues, Month in review, Public housing, Real estate taxes, Regulation, Rental, Spain |

[Previous Months in Review available here: Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   You thought that was outrageous? Wait ’til you see what we’ve got next!   Each time I think the global banking crisis has produced its worst outrageous bilking of the public, another one surfaces [...]

There ain’t no such thing as free checking

19 October, 2012 (14:32) | Banking, checking accounts, Dodd-Frank, Innovations, Markets, Regulation and Reform, US News |

By:David A. Smith   Reform is a fine thing that we all support, and free services are fine things we all accept, so we cheer when a regulator reins in a runaway plutocrat, but as the plutocrats’ best friend the Wall Street Journal (September 23, 2012) observes, there really ain’t no such thing as free [...]

The meandering evolution of Amazonian bank

18 October, 2012 (17:14) | Banking, Capital markets, Innovations, Regulation, Retail, US News, Value Chain |

Because they are large institutions whose very existence depends on the perception of stability, we tend to take banks’ existence for granted – yet every bank started somewhere, as something much less evolved, such as an interim lender to a valued supply-chain partner, as revealed in this article from the Wall Street Journal (October 4, [...]

Talking down and buying up

31 August, 2012 (09:20) | Banking, Bonds, Capital markets, Euro, Finance, Global news, Hard equity, Primer |

By:David A. Smith   Banker speak with forked tongue?   In real life, talking from both sides of one’s mouth is a prescription for social disaster, but in finance, the difference between two perspectives can have profitable consequences (at least in the short term), as reported in the Wall Street Journal (August 12, 2012):   [...]

The ATM with a sari and a smile: Part 2, growing the customers

18 October, 2011 (10:48) | Banking, CRA, Global news, Housing, India, Infrastructure, Innovations, Networks, Regulation, Slums | 2 comments

By: David A. Smith   [Continued from yesterday's Part 1.]   As we saw yesterday via this New York Times article, India is rapidly expanding its banking customer base, through a wonderfully innovative mixture of people and electronics.  Like other forms of infrastructure, the establishment cost is not free, and it’s being driven, as many [...]