Category Archives: Uncategorized

Recent Cyber-Attacks: What to Know and How to React

1)       Banks have been targeted in the past month by cyber-attacks. Called “a distributed denial of service (DDoS) attack”, it works by blocking legitimate customers trying to use the bank’s website, often resulting in slower than normal online interactions. 2)       … Continue reading

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Financial Literacy Spotlight: VISA’S Currency of Progress

Visa shows how understanding and applying financial literacy is all in the interpretation when they traveled to South Africa. Learn more about Currency of Progress program here: http://currencyofprogress.visa.com/

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Laura J. Lane, an American Hero

I note that Laura Lane is leaving CitiGroup on good terms and starting a new phase of her career as Head of UPS Government Affairs. 200 countries, 90 employees. Full responsibility over UPS policy and government relations. What you may … Continue reading

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Dodd-Frank Act Could Hinder Global Competitiveness

As hundreds of Dodd-Frank rules begin to materialize, many studies have claimed that the cumulative weight of the rules will have an adverse impact on the ability of American companies to compete internationally.   “No other industrialized countries in Europe or … Continue reading

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Confidence Remains in U.S. Markets Despite Downgrade

Standard & Poor’s rating agency lowered the long-term rating of the U.S. government and federal agencies from AAA to AA+ with a negative outlook after the markets closed on Friday, August 5, 2011. Despite S&P’s reasons for the downgrade, many … Continue reading

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Treasury Blogs About One-Year Anniversary of DFA

The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA) approaches on July 21.  The Department of the Treasury has issued a blog post summarizing the Act and the steps that must still be taken to complete … Continue reading

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Small Business Owners’ Outlook Improves

The 2011 U.S. Bank Small Business Annual Survey shows that the perception of the economy and the banking industry, in general, has improved since last year.  Small business owners recognize signs of improvement and a stabilizing job outlook, with a … Continue reading

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Free Trade Agreements Essential to American Vitality

What do 67 freshman Republican, the New Democrat Coalition, Secretary of State Hillary Clinton, and Ways & Means Committee Chairman Dave Camp have in common? They are all advocating for rapid implementation of America’s three outstanding trade agreements: Colombia, Panama, and South Korea from 2007. Failure to … Continue reading

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Changes to Money Market Funds Effects Stability

The popularity of money market funds is owed to their relative simplicity, liquidity and security for investors.  Over $2.7 trillion are invested into these types of funds throughout the U.S. The capability of money market funds to remain stable at … Continue reading

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Nobel Winning Analyst Warns Against Capital Requirements

Myron Scholes, a Nobel prize-winning quantitative analyst, warns that requiring banks to hold too much capital will result in more volatile financial markets. “If you restrict or require more capital of banks, what will happen is that they have to … Continue reading

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