Now that Washington has talked American investors down from the fiscal cliff, what will be the market's next obsession? And how might people invest for a new normal where tax rates have been decided, but everything from worldwide growth to the fate of Europe's economy remains in flux?
DES MOINES, Iowa — So you didn’t win Wednesday’s $360 million Powerball jackpot? Make that you and everyone else.
A message early Thursday on the multistate lottery’s website said the jackpot has soared to $475 million after none of the tickets sold matched all the winning numbers in Wednesday night’s drawing: 2, 11, 26, 34, 41 and a Powerball of 32.
The next drawing will be held Saturday.
Raj Date, the former deputy director of the Consumer Financial Protection Bureau, tells American Banker’s Maria Aspan that, in the words of her headline, “Banks Can Develop a Better, Cheaper Payday Loan”. Well, yes, they can. But they won’t.
The two big names in crowdfunding are Kickstarter and Indiegogo, but it turns out that you have plenty of other options that grant you a degree of control over your campaign that the bigger names don't.
Social media and big data are being used in an innovative new payday loan banking model that’s more Silicon Valley than Wall Street. Most interestingly, the operation seems to have more in common with old-fashioned hometown lenders than today’s giant banks or typical payday loan outfits. When people get nostalgic about community banking, they evoke a time when your bank really knew who you were. The manager knew your name and the tellers would ask how your kids were doing or wish you happy birthday.