Search

Byline: Bryan Yurcan Insurance carriers are still largely using paper-based payments processes, and some banks see an opportunity to speed up their disbursements and settlements as part of a larger [...]

Byline: Jeremy Quittner Banks have struggled for years to get their customers to accept account statements electronically. But even among those who have succeeded in such efforts, paper use has [...]

WASHINGTON - By its third day of operation, a Federal Reserve Board program to buy unlimited amounts of commercial paper totaled $144.7 billion. The program, called the Commercial Paper Funding [...]

State Street Corp.'s stock price declined Tuesday after a British newspaper reported it has significant exposure to asset-backed commercial paper conduits, which have caused problems for European banks. The Boston [...]

WASHINGTON - The Federal Reserve Board's purchases of commercial paper increased 5.7% during the past week, to $256.9 billion on Wednesday. Total lending through the Fed's discount window dropped 8.8% [...]

The Federal Reserve Board said its purchases of commercial paper increased 67.9% from a week earlier, to more than $243.1 billion as of Wednesday. The increase is evidence that the [...]

The Federal Reserve Board announced new details Tuesday on its plan to buy unlimited amounts of commercial paper to prop up the credit markets. The central bank said it would [...]

The Federal Reserve Board agreed Tuesday to buy an unlimited amount of commercial paper directly from cash-strapped companies, and rather than criticize it for becoming the lender of last resort [...]

In a nod to environmentalists and in an effort to cut costs, Bank of America Corp. said it has adopted policies to reduce the amount of paper it uses, increase [...]

Federal banking agencies have given banks another quarter of relief from some of the burdens of new accounting for asset-backed commercial-paper programs while they consider a long-term solution. When the [...]

Despite three defaults this month, the commercial paper market remains stable, experts say -- largely because of a decades-old ratings system. Commercial paper, short-term IOUs issued by the highest-quality companies [...]

Byline: Joseph Kellard Receiving Wide Coverage ... Panama Papers: The Australian Tax Office will investigate some 800 wealthy clients of a Panama-based law firm, Mossack Fonseca, after a leak of [...]

Byline: Lalita Clozel WASHINGTON -- Biscayne Bank in Miami, a community bank that focuses on serving high net worth individuals from the Caribbean and Latin America, has been named as [...]

Byline: Tanaya Macheel Receiving Wide Coverage ... Kerry Meets with European Banks: U.S. Secretary of State John Kerry met with European banking leaders Thursday to urge them to increase lawful [...]

Byline: Brian Patrick Eha On June 5, 2013, Barry Silbert, the 36-year-old founder and CEO of SecondMarket, called an all-hands meeting to announce a new direction for his brokerage firm. [...]

By WEIDNER, DAVID A key piece of financing for the planned merger of Jefferson-Smurfit Corp. and Stone Container Corp. seems to be on track, a lender familiar with the loan [...]

Byline: John Heltman WASHINGTON -- Two reports issued Thursday by the Treasury Department's Office of Financial Research suggest regulators have not considered all the potential risks from central swaps clearing [...]

Byline: Amilda Dymi Fast-tracking foreclosures on vacant properties in states that handle foreclosures through the courts 'could result in substantial cost savings' for all involved, according to a study by [...]

Byline: Sarah Todd The rise of mobile and online banking seems likely to make personal checks a thing of the past. But high earners and older customers still have a [...]

Byline: Sarah Todd JPMorgan Chase (JPM) is getting serious about getting to know its customers. The megabank is sending out letters to 'millions' of clients asking for additional information about [...]

Byline: Mary Wisniewski Banks have struggled for years to get customers to accept electronic statements rather than printed statements. But while banks have convinced some people to receive statements or [...]

Technology has had only a small impact on the amount of paper that US banks handle, but they are still investing heavily in technologies that promise to reduce paper flows. Survey results show that banks plan to continue investing in technologies such as electronic data interchange, document imaging, electronic mail, and groupware. In 1995 banks will spend an estimated $840 million on imaging systems., Like almost every other business, banks see the tons of paper they sort and file as something they'd love to eliminate. But it appears technology is only making a small [...]

Byline: John Adams Before discussing the bank's plans to exorcise paper, Washington Trust's Jim Brockett rips traditional attempts at paper avoidance to shreds. 'If you're trying simply to reduce paper [...]

Byline: Andrea McKenna Community banks should examine their customers' card use and use their findings to customize rewards programs, a new white paper says. The paper cites research from the [...]

Byline: Sarah Todd PNC Financial Services Group (PNC) has begun winding down Market Street Funding, an asset-backed commercial paper conduit that funds credit for corporate clients. The wind-down is part [...]

Byline: Joe Adler WASHINGTON -- A white paper due out Tuesday endorses a Federal Deposit Insurance Corp. strategy for implementing Dodd-Frank Act resolution powers, while arguing that a beefed-up bankruptcy [...]

Byline: Joe Adler WASHINGTON -- The Dodd-Frank Act, which was designed to target the largest institutions, will end up hurting community banks, according to a paper released Tuesday by the [...]

Byline: Andrew Johnson Now that converting paper checks into electronic transactions has gained widespread acceptance, bankers are considering a new payment format that would bypass paper altogether. Though there is [...]

Byline: Victoria Finkle WASHINGTON â Republican presidential candidate Mitt Romney and running mate Paul Ryan released a white paper on Friday outlining a plan to improve the housing market. The [...]

Byline: John Adams More than a decade after electronic bill presentment debuted, half the country still gets paper statements by mail. But the big tech firms that power electronic billing [...]

Byline: Donna Borak WASHINGTON â A top House Republican lambasted Federal Reserve Board Chairman Ben Bernanke on Thursday, arguing the central bank had no business issuing a white paper examining [...]

Byline: Donna Borak WASHINGTON â A recent paper by economists at the Federal Reserve Board on ways to fix the housing market has reinvigorated the debate over the issue among [...]

Byline: John Adams Bill.com, a firm that helps take paper out of billing, has introduces an option that lets users tap the Internet to trigger printed bills to be mailed [...]

Byline: Sara Lepro The activistshareholder Evelyn Y. Davis made her presence felt at American Express Co.'s annual meeting Monday, complaining about not receiving paper statements, among other things. 'I want [...]

Some bankers are still trying to fight the wheels of progress. The vast majority of paper checks are now cleared electronically, but a few financial companies are still clinging to [...]

American Express Co. is eliminating paper statements to potentially millions of corporate cardholders, whether they like it or not. Banks and billers have been encouraging customers for years to get [...]

Vancity Visa, the credit and prepaid card-issuing division of Vancouver City Savings Credit Union, is pilot testing envelopes to reduce paper in its mailings to cardholders. The envelopes, called ecoEnvelopes, [...]

Byline: Kevin Wack WASHINGTON â The epic battle between banks and retailers over interchange fees, which first moved from the halls of Congress to the Federal Reserve, is now being [...]

Some economists are challenging the widespread perception that the financial crisis has cut off credit for a wide swath of consumers and nonfinancial companies. In a working paper circulated this [...]

Investors must become 'highly selective' when it comes to how they allocate assets to commodities until the global economy recovers, according to a white paper from Bank of New York [...]

For years bankers have had only modest success getting customers to drop paper statements, so some are introducing accounts that are managed almost exclusively online and do not offer them [...]

Once banks start moving only the images of the paper checks they process, they will face a new problem: What to do with all those millions of pieces of paper. [...]

Byline: Jackie Stewart TD Bank Group said Tuesday that it is aiming to become âpaper neutralâ in its North American operations by the end of 2012. TD has the overall [...]

Byline: Andrew Kahr In retail banking, we look for trends: the branch of the future; the winning mobile banking platform; prepaid cards. It's harmless fun. Well, here's a much more [...]

Updating the discount window's Web site, the Federal Reserve Bank of New York clarified that it is willing to accept investment grade asset-backed commercial paper as collateral. The bank's position [...]

MasterCard Inc. is working with a French card manufacturer to develop a paper contactless product that could be used with transit systems. The Purchase, N.Y., card company said Monday that [...]

ORLANDO -- As the industry's adoption of image exchange accelerates, the Federal Reserve banks are stepping up plans to stop processing paper checks altogether. The Federal Reserve Board announced Tuesday [...]

The amount of outstanding commercial paper decreased in October for the third straight month. Nonfinancial company paper decreased 1% compared to 0.6% for financial companies. The downturn reflects growing uneasiness about credit ratings. Because of concerns about credit, financial institutions have begun to rely more and more on commercial paper for short-term funding. But investors, reinforced by a recent SEC ruling, are demanding top-tier paper. The trade in government funds is also depressed because banks want to improve their capital-to-asset ratios., Commercial paper outstanding declined in October for the third month in a row, providing further evidence of slack demand for credit and jitters about short-term credit quality. The amount outstanding [...]

Byline: Sara Lepro The business case for electronic mortgages either just received a big boost or suffered a terrible setback. A number of mortgage technology firms argue that the foreclosure [...]

Byline: Daniel Wolfe Bank of America Corp. is charging some customers to receive their monthly statement in the mail, the industry's most aggressive move yet to encourage paperless banking. For [...]