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[ February 2, 2016 | Author: admin | Views: 55581 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ February 2, 2016 | Author: admin | Views: 35089 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ February 1, 2016 | Author: admin | Views: 84662 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ February 1, 2016 | Author: admin | Views: 76166 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ February 1, 2016 | Author: admin | Views: 29376 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ February 1, 2016 | Author: admin | Views: 24928 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ February 1, 2016 | Author: admin | Views: 43772 | Weather: | Mood: normal]

Shutterstock It appears that size matters, at least when millennials are selecting a bank. Young Americans (between 18 and 34) are increasingly ditching big banks and taking their business to smaller, local banks and credit unions, according to a recent banking survey from Accenture. While large national and regional banks lost 16 percent of millennial banking customers last year, community banks saw a 5 percent increase in young account holders and credit unions experienced a 3 percent bump. Most of the time, a millennial’s decision to dump a big bank comes down to money, more specifically banking fees. Larger financial institutions typically charge customers more for overdrafts, ATM withdrawals, account maintenance and other services than their smaller counterparts, who often offer free checking and no monthly fees. Millennials also noted that big banks tend to have weaker loyalty reward programs. According to the survey results, “millennials choose their banks for … Continue reading

[ February 1, 2016 | Author: admin | Views: 71167 | Weather: | Mood: normal]

Shutterstock It appears that size matters, at least when millennials are selecting a bank. Young Americans (between 18 and 34) are increasingly ditching big banks and taking their business to smaller, local banks and credit unions, according to a recent banking survey from Accenture. While large national and regional banks lost 16 percent of millennial banking customers last year, community banks saw a 5 percent increase in young account holders and credit unions experienced a 3 percent bump. Most of the time, a millennial’s decision to dump a big bank comes down to money, more specifically banking fees. Larger financial institutions typically charge customers more for overdrafts, ATM withdrawals, account maintenance and other services than their smaller counterparts, who often offer free checking and no monthly fees. Millennials also noted that big banks tend to have weaker loyalty reward programs. According to the survey results, “millennials choose their banks for … Continue reading

[ February 1, 2016 | Author: admin | Views: 4275 | Weather: | Mood: normal]

Shutterstock It appears that size matters, at least when millennials are selecting a bank. Young Americans (between 18 and 34) are increasingly ditching big banks and taking their business to smaller, local banks and credit unions, according to a recent banking survey from Accenture. While large national and regional banks lost 16 percent of millennial banking customers last year, community banks saw a 5 percent increase in young account holders and credit unions experienced a 3 percent bump. Most of the time, a millennial’s decision to dump a big bank comes down to money, more specifically banking fees. Larger financial institutions typically charge customers more for overdrafts, ATM withdrawals, account maintenance and other services than their smaller counterparts, who often offer free checking and no monthly fees. Millennials also noted that big banks tend to have weaker loyalty reward programs. According to the survey results, “millennials choose their banks for … Continue reading

[ February 1, 2016 | Author: admin | Views: 72824 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ January 31, 2016 | Author: admin | Views: 29628 | Weather: | Mood: normal]

Shutterstock It appears that size matters, at least when millennials are selecting a bank. Young Americans (between 18 and 34) are increasingly ditching big banks and taking their business to smaller, local banks and credit unions, according to a recent banking survey from Accenture. While large national and regional banks lost 16 percent of millennial banking customers last year, community banks saw a 5 percent increase in young account holders and credit unions experienced a 3 percent bump. Most of the time, a millennial’s decision to dump a big bank comes down to money, more specifically banking fees. Larger financial institutions typically charge customers more for overdrafts, ATM withdrawals, account maintenance and other services than their smaller counterparts, who often offer free checking and no monthly fees. Millennials also noted that big banks tend to have weaker loyalty reward programs. According to the survey results, “millennials choose their banks for … Continue reading

[ January 31, 2016 | Author: admin | Views: 46976 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ January 30, 2016 | Author: admin | Views: 63215 | Weather: | Mood: normal]

Shutterstock It appears that size matters, at least when millennials are selecting a bank. Young Americans (between 18 and 34) are increasingly ditching big banks and taking their business to smaller, local banks and credit unions, according to a recent banking survey from Accenture. While large national and regional banks lost 16 percent of millennial banking customers last year, community banks saw a 5 percent increase in young account holders and credit unions experienced a 3 percent bump. Most of the time, a millennial’s decision to dump a big bank comes down to money, more specifically banking fees. Larger financial institutions typically charge customers more for overdrafts, ATM withdrawals, account maintenance and other services than their smaller counterparts, who often offer free checking and no monthly fees. Millennials also noted that big banks tend to have weaker loyalty reward programs. According to the survey results, “millennials choose their banks for … Continue reading

[ January 30, 2016 | Author: admin | Views: 72459 | Weather: | Mood: normal]

Getty Images You’ve probably been seeing headlines about yet another financial crash on the horizon. It’s true, the International Monetary Fund has released grim projections for the immediate future of world finance. Why? Well, it’s complicated. Basically, the forces which were put in place to fix the last recession may just have caused another bubble in another sector. The 2008 Recession The last bubble and subsequent recession were caused when Wall Street took on huge amounts of cheap debt. This debt, as it was repaid, was meant to pay off many times over. But the reality of the situation was much different. In many cases, the debt was put on the back of private individuals who couldn’t handle it, who shouldn’t have been offered a loan in the first place. They defaulted en masse and — among many other factors — it caused the bubble to pop. Debt is only … Continue reading

[ August 17, 2015 | Author: admin | Views: 20286 | Weather: | Mood: normal]

Coming out of the financial crisis, Morgan Stanley Morgan Stanley made a crucial pivot that is bearing fruit as the bank gets further away from its darkest days and helped deliver first-quarter results that blew past Wall Street’s estimates. The firm’s decision to double down on wealth management — buying Smith Barney from Citigroup Citigroup — has paid off, most recently in the first quarter when the segment accounted for $3.6 billion of Morgan Stanley’s $8.8 billion in net revenue. Overall, revenue was up 3.5% from a year earlier and excluding an accounting adjustment related to debt valuation, income from continuing operations came in at $1.4 billion or 68 cents per share, ahead of the consensus estimate of 61 cents according to FactSet. Chairman and CEO James Gorman touted improved revenues in each of the firm’s three business segments and said the firm continues to “execute on our multi-year strategy … Continue reading