This is the second of a multi-installment series on starting your own business. If you’d like to start reading this series from the beginning, click here.
As an entrepreneur, your number one resource should be your banker. The sad truth is, most bankers won’t spend a lot of time with potential customer who need to borrow […]
SmartyPig, the new savings tool with a social networking component, has utilized some interesting marketing tactics to create brand awareness. I’d be hard pressed to name a bank product developer or personal finance blogger who isn’t aware of the product (seems like every other blogger out there has done a $50 SmartyPig giveaway at some point in the past month). […]
Here are the “answers” to the acronym quiz.
If you want to sound like a banker or financial services professional, get to know these well. The trick is being able to use them without sounding like a complete jackass. I was actually in a meeting the other day and said, “I want to see the CBA […]
Think you know finance? Here’s a little test for you :
All of the acronyms listed below are commonly used in the financial services industry - I haven’t included any that are proprietary to the institution where I work.
I’ll post the “solutions” tomorrow. No cheating via search engine, and good luck!
ACH
ADD
ADEA
AD&D
ALCO
AMEX
ARM
ASA
AUM
CBT
CCT
CFP
CIP
CMBS
CODA
COLA
COLI
CPA
CPC
CRM
CYC
DB
DC
DOB
DOE
DOL
DOT
DTI
DYE
EA
EFT
ERISA
ESOP
ESOT
ESPP
ETF
ETI
EWC
FASB
FDIC
FHLM(C)
FIFO
FLMI
FMLA
FSA
FUTA
FYE
GATT
GLB(A)
GWO
HCE
HDHP
HELOC
HSA
IDA
IE
IEM
IPO
IRA
IRC
IRS
J&S
KSOP
LIBOR
LOB
LOC
LOMA
LTD
MP
MVA
NAIC
NASD
NAV
NFP
NQ
NRA
NSF
NYSE
OASDI
OBRA
ODP
OTC
OTS
POP
PV
RCB
REA
REIT
RESA
RFI
RFP
RIA
RM
ROR
RPA
S & P
SAFO
SDOB
SEC
SIMPLE
SME
SSN
STD
TDA
TPA
YTM
About a month ago I signed up for the beta version of Quizzle, Quicken Loans’ free financial aggregator that provides users a snapshot of their personal financial situation, including home value. Quicken Loans is providing consumer access to Quizzle free of charge as a way to become the “top-of-mind” mortgage lender and capture additional mortgage […]
My blog is called BankerGirl. When I picked the domain name, it seemed like a good fit for two reasons:
1. I have been a banker for nearly 10 years
2. I am female and I don’t think that there are enough well-educated women out there writing about financial services - so it’s a point of differentiation […]
My bank lowered our deposit rates yet again at today’s weekly ALCO meeting (Asset-Liability Committee for all of you non-bankers).
This is the third time in six weeks we’ve dropped our rates 50 basis points or more. And we’re still seeing the deposits roll in at an alarming rate - people are moving out of riskier investments and into […]
One of the responsibilities included in my full-time job is to set deposit rates for my financial institution. On days like today, I wish I managed pricing on the asset side of the balance sheet. As I type, HELOC owners everywhere are rejoicing in the Fed’s 0.75% rate cut. Individuals with certificates of deposit (CDs) maturing in the next […]
It’s a great time to be working in the financial sector (if you can keep your job)! Market and rate volatility gives all us stuffy banker types something interesting to talk about at dinner parties, and it makes for some darn good reading as well.
By the time I get around to publishing this post, this […]
For those of you out there with home equity lines of credit (HELOCs), review your statements carefully. The newest thing to hit my bank’s fraud department involves HELOCs and reloadable stored value gift cards.
Here’s how it works: the thief gets their potential victim’s HELOC loan number, typically by going through the target’s mail or trash. The thief […]