Wells Fargo and Centerbridge Partners are partnering to offer direct lending to middle-market companies. It’s an interesting time for banks.
it’s ironic in that it is rare for OSHA to find for whistleblowers. OSHA may be feeling the heat and this is dictating their present decisions. OSHA had internal investigatorswho were told to close Wells Fargo cases, without really digging deep and fully investigating the banks’...
While any financial institution could offer a loan with subprime rates, there are lenders that focus on subprime loans with high rates. Thesemortgage lendersarguably give borrowers who have trouble getting low interest rates the ability to access capital to invest, grow their businesses, or buy hom...
Do Banks Low P/B Ratios Indicate Good Value? The banking industry's average P/B value being down near one makes it worthy of consideration byvalue investorswho seek out companies with P/B values below two, with a particular focus on companies showing values of one or lower. For value inv...
Overdraft fees can be costly, but some banks have eliminated them or cut them. It's important to be aware of your account balance to avoid overdrafts. You can see your balance in the bank's app, although it might not factor in checks or debit card transactions that haven't been cleared...
Tether is one of the most popular stablecoins around today. In this post, I’ll explain what a stablecoin is, what Tether is and how it works.
Basically that would have worked very similarly to FDIC insurance on deposits. I was with a group of friends this spring, one of which was a customer of a local Baltimore bank. I commented that I didn’t think that bank would survive the next 6 months. (It has survived so far, but ...
Power corrupts, and absolute power corrupts absolutely. When banks have a mandate to create money or value, they basically control the flow of value in the world, which gives them almost unlimited power. A small example of how power corrupts can be seen inWells Fargo’s scandal, where employ...
2.Correspondent Banking Relationship: For the transfer to happen, Bank A and Bank B must either share a Nostro account relationship or involve intermediary banks that have accounts with both. 3.Payment Instruction: Bank A sends a payment instruction via a secure messaging system (like SWIFT o...
Not all banks issue cashier’s checks to people who don’t have accounts with them, but many banks do, typically for an extra fee. Money orderscan be bought at a variety of places. Banks and credit unions issue them, as do many grocery stores, convenience stores, check-cashing outlets ...