Did Credit Unions Exaggerate Their Gains from Banks?

Credit unions have benefited from recent consumer anger and bank missteps, but the data on membership and deposit gains offered by one of their trade associations looks inflated.

Community Banking

Consumer Finance

Breaking News

PMI Shares Tumble as Threat of Shutdown Looms 08:02PM ET

State Street, Northern to Keep Deposit Pricing 06:39PM ET

VeriFone Completes Buy of Hypercom, Sells Part to Private Equity 05:36PM ET

Bank Stocks Pummeled: B of A, Comerica Sink to 52-Week Lows 05:26PM ET

E-Commerce Boosts Online Resources' Revenue 04:37PM ET

BankThink: Lax Law Enforcement Means MF Global Mistakes Will Be Repeated

If you're looking for lessons on risky business and recidivism, MF Global has them in spades.

Risk Management

Regulation & Reform

Data Drilldown

Go Ahead, Move Your Money

Through fever waves of populist anger including the Occupy Wall Street protests, there has been no sign that disgusted customers are draining the giant banks of their deposits.

Mergers & Acquisitions

First Niagara CEO John Koelmel (Image: Bloomberg News)

Now Comes the Hard Part for First Niagara in HSBC Deal

First Niagara has to solve the riddle of how to pay for HSBC's branches in New York and Connecticut without hurting shareholders, selling off too many assets or mistiming the helter-skelter stock markets.

BankThink

John D. Hawke Jr., a partner in Arnold & Porter LLP, Washington, formerly served as comptroller of the currency, under secretary of the Treasury for domestic finance, and general counsel to the board of governors of the Federal Reserve System.

Leave Money Market Funds Alone!

The premise behind proposed changes to money market funds is that a subordinated capital and floating net asset values will prevent "runs." Logic and evidence point to the contrary.

Consumer Finance

Kimberly Gartner, vice president of advisory services at the Center for Financial Services Innovation.

Banks Begin Rolling Out Services for the Poor

Some banks are starting to notice the poor customers they have long ignored. Regions is one of several banks expanding the "alternative" financial services that have long been offered by Wal-Mart and other non-banks.

Fed's Yellen: Long-Awaited Batch of Dodd-Frank Rules Due Out Soon

Federal Reserve Board Vice Chairman Janet Yellen said the central bank expects to release a package of rules, which had been expected in September, soon.

Regulation & Reform

Washington

American Banker Magazine

The Dodd-Frank Effect

Just like the banks they monitor, federal agencies are revamping procedures to meet new legislative demands. It's already profoundly changing the interaction between banks and regulators.

Bank Technology News

IT Lessons of a Serial Acquirer

John Petrey, CIO of First Niagara, is handling a wave of Northeast and New England bank mergers. A consistent rip-and-replace strategy helps keep the IT conversions smooth and minimizes disruption.

Flashback: 1980

Fed Says Comply with Credit Curbs — or Else

The Federal Reserve voluntary credit restraint program is not really voluntary, the vice chairman of the Fed said, suggesting the Fed will make life miserable for banks that try to avoid compliance. The voluntary guidelines ask banks to keep total loan growth for the year to 6% to 9% … (More)