SEC issues cease and desist ruling against P2P loan start up Prosper – setting important precedent
Last month, Prosper a Peer to Peer (P2P) lending market place site stopped all new lending on its site following...
Archive
Single Euro Payments Area 6th annual progress report
The European Central Bank has published its 6th report on the progress of SEPA the first to be made after...
Banks, Walk Like a Retailer
Banks need to take a cue from retailers, reports Cisco’s consulting arm Internet Business Solutions Group. This means uniting consumers,...
Can a Website Break the Bonds of Banks?
Arguably, the greatest hurdle to consumer choice in banks is the difficulty switching from institution to institution. Online banking has...
Discover Cards to Go International in 2010
In what would be a notable step forward, Discover Financial Services's flagship card will be available for overseas payments in...
To Save Citi, Government Doles Out $306B Loan Guarantee, $20B of Cash
The government has tapped all its resources to save Citigroup, according to a Bloomberg report: Citigroup Inc. will have more...
Will the introduction of the Payment Services Directive cause an unfair advantage to new entrants?
The introduction of the Single Euro Payment Area (SEPA) is a key objective for the European Commission and the European...
Strike Goldman from the List of Potential Citigroup White Knights
There is speculation among investors today that Goldman Sachs & Co. might be Citigroup Inc's white knight as Citi struggles...
Credit Losses Seen Doubling in 2009
To consider the current state of the banking industry is to consider a very sick patient: marks of improvement come...
The New “Ism” of Banking: Fundamentalism
It's called Fundamentalism, and if you're not on board, you will be. This new ism of banking espouses a return...
