Financial Institutions

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You Know The Banking System Is Unsound When...

Here is the first one. Paulson appears on Face The Nation and says "Our banking system is a safe and a sound one." If the banking system was safe and sound, everyone would know it (or at least think it). There would be no need to say it.

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FBI Says Woman Who Robbed Compass Bank Still At Large

The F.B.I is hunting searching for a woman who is thought to be behind Tuesday’s robbery at Compass Bank on Center Point Parkway around lunch Tuesday. Investigators handling the case also revealed that Banks in Birmingham, Albertville and Madison were also targeted with robbery.

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Consumers may fare better with peer-to-peer online lending Web sites

A new study conducted by Paul Dholakia at Rice University’s Jones Graduate School of Management shows that online peer-to-peer lending Web sites may be more attractive to Americans than traditional financial institutions.

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Major Changes in US Financial Industry Regulation Proposed

U.S. Treasury Secretary Henry Paulson says U.S. financial regulations need modernization to match the growing size and complexity of financial institutions.

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Britain Nationalizes Mortgage Bank

Britain's Treasury Secretary has announced the temporary nationalization of the British mortgage-lending bank Northern Rock. Six month ago, the financial institution found itself caught up in the U.S. sub-prime meltdown and a run on the bank ensued. The government then stepped in to calm fears and to find potential private sector buyers. For VOA, Tom Rivers in London has the latest developments.

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Britain Hosts Summit to Address International Economic Issues

European leaders meet in London later Tuesday to consider ways of dealing with the current international economic slowdown, including ways to prevent future turmoil.

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NCR Launches Managed Service for Remote Deposit Capture

NCR Corporation today announced a new managed service offering for remote deposit capture which enables financial institutions to quickly go-to-market with minimal upfront investment or risk.

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TD Banknorth Chooses eFunds QualiFile

QualiFile Solution Selected to Simplify and Optimize New Account Decisioning

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AT&T Announces New Contract

AT&T Inc. today announced that AT&T has signed a new contract with Southwest Business Corporation (SWBC) to connect the financial services company's new contact center with its corporate headquarters, both located in San Antonio

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Grand Forks Credit Union Selects Open Solutions

Advanced technology will help eliminate barriers to growth and enable faster, more efficient member service

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