Bank on the Future

Check Cashers, Redeemed November 25, 2008

Posted by NYT > Banks and Banking in : Uncategorized , comments closed Douglas McGray?s article (Nov. 9) shined a light on a little discussed but promising new effort: bringing the ?unbanked? into the financial mainstream. We know firsthand of its benefits. Two years ago, San Francisco introduced the first comprehensive initiative to bank the unbanked by encouraging financial institutions to modify their products and policies to attract lower-income consumers. The results far surpassed our expectations. More than 18,000 residents have opened accounts with ?Bank on...

Citigroup Saw No Red Flags Even as It Made Bolder Bets November 25, 2008

Posted by By ERIC DASH and JULIE CRESWELL in : Uncategorized , comments closed

Much of the damage inflicted on Citigroup was caused by errant, high-octane trading and lax oversight, critics say.

Citigroup to Halt Dividend and Curb Pay November 25, 2008

Posted by By ERIC DASH in : Uncategorized , comments closed

Citigroup will effectively halt dividend payments and agree to certain restrictions on executive compensation.

Angry Shareholders Vent Over Barclays? Investment Plan November 25, 2008

Posted by By LANDON THOMAS JR. in : Uncategorized , comments closed Shareholders lashed out at bank management for its plan to raise $10.5 billion, mostly from Middle Eastern investors, who will receive preferred stock in return.

Bank Industry Analysts Fall Prey to the Shrinkage November 25, 2008

Posted by By LOUISE STORY in : Uncategorized , comments closed Analysts, once prominent within the industry, are joining a growing pool of bankers and traders losing their jobs before bonus times, with few job prospects on the horizon.