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American Banker - On Focus and In Depth

Tuesday, November 3, 2009, as of 09:01 PM EDT

U.K. Breakups Could Point to Big-Bank Dismantling in the U.S.

American Banker | Nov 4

The push to dismantle big U.S. banks gathered fresh momentum as the British government forced the breakup of two institutions as a condition of their continued support by taxpayers.

PayPal Moves to Start Collaborating with Banks

American Banker | Nov 4

PayPal announced deals with two banking technology vendors that will enable financial companies to use its network to offer their customers several new payments services.

Capital Shortage Worsens for New Mexico Bank

American Banker | Nov 4

Credit kept worsening at First State Bancorp. in Albuquerque last quarter — leaving the company undercapitalized and its bank unit only adequately capitalized.

BNY Mellon Goes After PE as Others Keep a Distance

American Banker | Nov 4

BNY Mellon Asset Management's first foray into private equity turned heads this week because many wealth managers are shying away from the sector.

529 Pain Is Traditional Product Gain

American Banker | Nov 3

With investments in 529 college savings plans tanking, and banking companies on the hunt for core deposits, a number of banks report success pitching traditional savings accounts as a more conservative alternative.

FDIC Uses Old Tool to Lower Cost of Failures

Cross-guaranty fee forces two healthy FBOP units to close

American Banker | Nov 3

The Federal Deposit Insurance Corp. dusted off rarely used authority to charge the banks for the resolution costs of the other seven insolvencies — ultimately causing the ...

U.S. Banker

A Fall to Remember: An Inside Look at Wachovia's Last Days

The stakes were high. The maneuvering was unprecedented. An inside look at the rescue of a banking giant and its place in the debate over systemic risk.

Viewpoint

Creditors Getting Off Easy

Congress should require that all secured creditor claims against a complex financial firm be convertible into equity to provide funding to help support and possibly save the firm.

Washington People

With the Masses

The Daily Show's suggestion for venting consumer anger: the "Angry Mob Platinum Card"; Bair gives equal time to ABA protesters; MBA's $76 million building on the block ...

Departments

Scott Grimes is a founder and the CEO of Atlanta-based Cardlytics, a provider of rewards program software.Viewpoint

Rewarding for Banks

Transaction-based debit rewards that are merchant-funded will probably be the reward system of choice because it increases banks' revenue without requiring them to fund the rewards.

Email Newsletters

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Survey

With Congress now turning to systemic risk oversight, do you think that power should be

Key Stock Indexes

Updated at 1:00PM ET and 5:00PM ET
Value Day Week Month
KBW Bank Index 42.62 0.02 -0.14 -9.47
ABA/Nasdaq Index 139.94 -0.04 -2.55 -5.55
S&P 500 Index 1045.41 0.24 0.27 -1.15

How Consumerization of IT Will Make Your Business More Productive

Read this exclusive IDG Research Services survey to learn why IT executives worldwide are embracing 'The Consumerization Of IT.