ATM Cards: American as Apple Pie
Online Banking in Europe
Sources of Funding for Small Businesses
The Fed and US Banking Transactions
Equity Loans: How to Sell What You Do Not Own
The market for lending equities is obscure and privately negotiated, but the benefits are substantial, according to Wharton finance professors Christopher Geczy and David Musto and Wharton doctoral student Adam Reed. In the article below, reprinted from the Financial Times’ Mastering Investment series, the three authors discuss short-selling in equity lending, short selling of IPO stocks and the legal issues of shorting.
Content: Article | Source: Knowledge@Wharton | Subjects: Finance, Industry Specific | Industry: Finance / Banking
Has Bank Consolidation Been Good for Customers, or Bad?
As the once-fragmented banking industry continues the consolidation that began a decade and a half ago, what has been the impact of bank mergers on consumers? Are they finding higher fees and fewer free services, or lower interest rates and more service options? Some experts offer their opinions.
Content: Article | Source: Knowledge@Wharton | Subjects: Finance, Industry Specific | Industry: Finance / Banking
U.S. Banking Industry M&A Activity 1980-1998
Remaking Market Making
Many Wall Street watchers believe that the low-cost electronic trading of securities will destroy market making and brokerage. But this doom-and-gloom prognosis results from a fundamental misunderstanding of the way technology is changing the business. Companies that use the technology right can greatly increase the volume of the trades they process–and boost margins as well.
Content: Article | Authors: Charlotte M. Hogg, Jonathan A. Davidson, Léo M. Grépin | Source: McKinsey Quarterly | Subject: Finance | Industry: Finance / Banking
Online Mortgage Sales on the Rise
Email and Credit Card Payments Market (U.S.)
Money: What It Is and How It Works
Created by William F. Hummel, a retired jack-of-all-trades, Money: What is and how it works offers the author’s advice on a vast array of issues dealing with money and US monetary policy. Well-written and easy-to-understand, this collection provides information on the basics of understanding money, as well as some more advanced concepts, and monetary policy issues. Hummel has also included articles from famous economists on … [ Read more ]
Content: Online Resource | Author: William F. Hummel | Subjects: Economics, Finance | Industry: Finance / Banking
Online Banking in Western Europe
Giving Europeans an On-Line Push
Why are so many on-line banking ventures-start-ups and incumbents alike-foundering? Despite the presence of more than 2,500 Western European banking sites on the World Wide Web, only eight million people in the region use the channel to either check their accounts or make transactions. We studied 65 leading banks in ten European countries to determine why customers are adopting on-line banking at different rates.
… [ Read more ]
Content: Article | Author: Jacques R. Bughin | Source: McKinsey Quarterly | Subjects: Industry Specific, International – Europe | Industry: Finance / Banking
Development of an Internet Payment Processing System
This article describes the author’s experience with the development of the first Yugoslav Internet payment processing system. The system’s architecture is very similar to the Three Domain (3D) model that started to emerge later. This success story is worthwhile sharing with a wider audience.
Content: Article | Author: Dragomir D. Dimitrijevic, Ph.D. | Source: TechnologyEvaluation.com | Subject: IT / Technology / E-Business | Industry: Finance / Banking
ABCs of Figuring Interest
The Federal Reserve Bank of Chicago created this publication to help users understand the fundamentals of interest. According to the summary at the end of the tutorial, “Although not an exhaustive list, the methods of calculating interest described here are some of the more common methods in use.” The methods include simple interest, add-on interest, bank discount, and compound interest. Each type of interest is … [ Read more ]
Content: Online Resource | Source: Federal Reserve Bank of Chicago | Subject: Finance | Industry: Finance / Banking
Trillion Dollar Bet (PBS Nova)
This is the companion web site to the PBS Nova program that discusses the invention of the Black-Scholes Formula, a mathematical Holy Grail that forever altered the world of finance and earned its creators the 1997 Nobel Prize in Economics. Here’s what you’ll find online:
– The Formula That Shook the World
One economist has likened the impact of the discovery of the Black-Scholes … [ Read more ]
Content: Online Resource | Source: PBS | Subject: Finance | Industry: Finance / Banking
Online Banking in Latin America
Paying with Plastic
How Money Migrates
Technology has brought major improvements to the cross-border payment process. But the old problems, including payments never showing up or showing up very late, continue to hamper global commerce.
Content: Article | Author: Richard H. Gamble | Source: Business Finance Magazine | Subjects: Finance, International | Industry: Finance / Banking
The Knowledge Guide to the Euro
The Knowledge Guide to the Euro, created and maintained by the library and Information Service of the Institute of Chartered Accountants in England and Wales, celebrates the two-year anniversary of the creation of the Euro with this information-rich guide to information sources on the currency. The first section Euro Implementations details some of the controversies surrounding the Euro, as well as the timetable for the … [ Read more ]
Content: Online Resource | Source: Institute of Chartered Accountants in England and Wales | Subjects: Finance, International – Europe | Industry: Finance / Banking