Tag Archives: Banks

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Do The Bankers Need New Clothes?

Banks continue to depend too heavily on borrowed money even after Lehman’s collapse, says Anat Admati, author of The Bankers’ New Clothes. – The Street –

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What a pain in the app! Fees for mobile banking are likely to become the norm: http://t.co/8y4rYa5dBl — CNBC (@CNBC) June 28, 2013

Facts And Headaches Of Financial Services Firms And Banks – Infographic

Financial services firms and banks are always looking for ways to improve profits by cutting costs and improving customer satisfaction. The infographic below shows facts and headaches these firms experience while taking on the various projects. Continue reading

Comparing Credit Unions and Banks – Infographic

Though it may seem as if credit unions and banks are basically the same, they’re actually quite different. Banks are focused on earning profits for their shareholders, and they do so by investing their customers’ deposits and charging high fees. Credit unions, on the other hand, are owned by their members. When you deposit money into your credit union account, you’re actually buying shares of that institution. Continue reading

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Banks: Still Believe Social Media Is Teenagers Only?

Money: How The Regulars Pay The Credit Card Rewards For The Rich – Infographic

How Regular Folks Pay For The Credit Card Rewards of The Rich

Browse more data visualization.

This graphic shows how credit card rewards for those who make over 120k are funded by those who make under 120k.

Source: Perk Street Financial, Visual.ly

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Credit Cards Go Social – Infographic

Remember the days when you could score all sorts of free swag just by filling out a credit card application at one of those tables that banks used as mobile college student recruiting stations on campuses nationwide?

Well, those days ended with the passage of the CARD Act, which prohibits such on-campus pitches, but that does not mean that college kids aren’t still a prized demographic, particularly since the law does not restrict credit card companies from making a name for themselves online. Indeed, social media is the new frontier for credit card marketing, as you can see from the fun and useful infographic below.

Source: Card Hub

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The Trouble for the Banks – Infographic

Are banks in trouble? Here are a few highlights about the troubles the banking industry is facing. Many of them are home made.

Source: Daily Infographic

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Banks vs. Credit Unions – Infographic

As more and more customers search for a big bank alternative, credit unions are becoming a more viable options. Credit unions offer lower rates with better services, making them a front runner for stealing your heart and wallet. Read more…

Banks and Financial Industry lacking Social Media Skills

It is no secret that the banking and financial industry are lacking (with little exception) social media skills. Especially since the financial crisis started the public opinion and image went down the t…. Do you think they should do more in regards to social media to improve public opinion, brand management and marketing efforts overall? Your comment on the subject is appreciated.

Goldman Sachs – Executive Resigns over Business Practices

Today’s Wall Street headline was the resignation of Goldman Sachs’ Head of Derivatives Business, Greg Smith. Smith, with help of the New York Times, publicized his reasons for resignation. The article describes how Goldman Sachs went from a respected firm to a reckless money maker without any concern towards any client. Smith describes Goldman Sachs as a company that is teaching and practicing business for all the wrong reasons. Goldman’s comment to the claims, “we do not share this opinion” and other popular phrases of no substance.

While all the claims are actually nothing new, Goldman Sachs’ activities are open secrets since the financial bubble busted, it should be mentioned that a huge number of banks in general work in that manner, not only since a couple of years. And there is no difference between an Investment Bank or a Retail Bank. Continue reading

Banks pay homeowners?

$360 Trillion Manipulation by Banks?

Even Well Planned Marketing Campaigns Can Fail – And they Do, Every Day…

Failing and overpaid marketing campaigns are nothing new. For the most part we only talk about the good campaigns, but what about the failing that are out there in high numbers? How about bank marketing? There are only a handful(!!!) of banks that do real good marketing, the rest is wasting money on a daily basis. What’s your opinion?

Wall Street pays big to “influence” Washington

While looking at the headline of this article, I was wondering why we allow such thing to happen. It appears pretty clear that bribery and lobbying activity is the same thing. Isn’t it?

WASHINGTON (CNNMoney) — Financial industry spending to influence Washington topped $150 million for the second year in a row, with emphasis shifting to regulators of the Dodd-Frank reform law, according to watchdog groups. Read Article on CNNMoney