The trade groups are the American Bankers Association, Financial Services Roundtable, The Clearing House, and Independent Community Bankers of America. The question of whether these organizations are e...
Every single day there are more twists and turns to this new banking panic. In fact, we just learned that the big banks have gotten together to save First Republic. That is good news because the collapse of First Republic would have been a major catast
The portfolio managers of those mutual funds and ETFs that many of us hold in our retirement savings accounts are buying and selling fund holdings every day as we add to or draw from our accounts. Banks. Banks have many reasons to be in markets. They trade on behalf of retail and institu...
At a panel discussion at the Pew Charitable Trusts (captured for posterity byPlanet Money), Alice Rivlin floated the idea of breaking up big banks. Luckily for us, Scott Talbott of the Financial Services Roundtable (a lobbying group for big banks) was there to slap that idea down. Talbott:...
The main competitors of Bank of America (BAC) are three of the other "big four" major U.S. banks: JPMorgan Chase, Citigroup, and Wells Fargo.
The big tech GAFA (Google, Apple, Facebook, Amazon) players are the ‘wild card’ entrants that represent potentially the greatest competitive threat to incumbent banks. One look at China, where Tencent and Alibaba have established dominant positions and massive payment volumes through WeChat and ...
What’s especially remarkable is that the megabanks’ are performing poorly in spite of their implicit government guarantee, which gives them a competitive advantage. AsEdward Kanehas pointed out, the fact that the big banks aren’t more profitable than they are implies that, leaving aside their...
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The Role of Institutional Investors An institutional investor buys, sells, and manages stocks, bonds, and other investment securities on behalf of its clients, customers, members, or shareholders. Broadly speaking, there are six types of institutional investors: endowment funds, commercial banks, mutua...
Banks and otherfinancial organizations pay interest on savings accounts. But the interest rates are low.Certificates of deposit are another way to save. They pay higher interest rates. With a certificateof deposit, a person agrees not to withdraw an amount of money for a period of time. The...