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Baird analysts ‘axing expectations’ for MLPs
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Gap sees earnings that beat estimates
Apollo Education Group to be taken private
Cracking down on college financial-aid cheats


Is the gold rally the real deal or ‘fool's gold’?

Zenefits CEO steps down, David Sacks steps into role

This stock market
has been Europe's best in 2016

Bloomberg tells FT he’s considering presidential run

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

Tesla downward revision is among the biggest

Yellen may say goal is not to slow the economy
Latest sign of a softening U.S. jobs market
Expansion won’t die of old age: S.F. Fed study

12th March 1954:  Lynda Sharp pours water over her sister Margot whilst sharing a bath at their home in Chorley Wood, Buckinghamshire.  (Photo by Fox Photos/Getty Images)  
23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?
Chipotle closes up shop for a few hours Monday
VOTE: If not Chipotle, where would you eat?

Chesapeake denies bankruptcy plan as shares dive
What are the 8 strongest S&P energy stocks?

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


Rubio in freefall in New Hampshire betting
Republican primary: 3 things to watch
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word
Bill Clinton: Sanders is ‘enemy of all things big’

How Clinton can rebound after New Hampshire

Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

What you can expect in Coca-Cola’s earnings

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Teen gets to keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Chinese herdsman finds 17-pound gold nugget



/conga/frontpage.html 367387

Markets »

165.88MDow Volume:
Avg Vol: 129.39M
Unchanged
121
Decliners
4802
Advancers
1600
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,027 -178 1.10%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 -79 1.82%
S&P 500
/quotes/zigman/3870025/realtime 1,853 -27 1.42%
GlobalDow
/quotes/zigman/629063/realtime 2,095 -8 0.38%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.37%
Oil
/quotes/zigman/2260836/delayed 30.18 +0.49 1.65%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,474 -41 1.65%
Nikkei 225
/quotes/zigman/5986735/delayed 16,339 -665 3.91%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.12%
Yen
/quotes/zigman/16008150/realtime/sampled 115.34 -0.51 0.44%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 0.00 0.04%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.66%
DXY Index
/quotes/zigman/1652083/delayed 96.64 -0.03 0.04%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.63 -0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.22 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 -0.02 67.39%
Crude Oil
/quotes/zigman/2260836/delayed 30 +0 1.65%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.37%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.89%
DJIA F
/quotes/zigman/48241424/delayed 15,921 -67 0.42%
S&P F
/quotes/zigman/43106711/delayed 1,844 -8 0.42%
Silver
/quotes/zigman/32655632/delayed 15 0 0.20%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.75 -4.32 -4.15%
AAPL /quotes/zigman/68270/composite 95.01 0.99 1.05%
GOOG /quotes/zigman/59527964/composite 682.74 -0.83 -0.12%
BAC /quotes/zigman/190927/composite 12.27 -0.68 -5.25%
C /quotes/zigman/5065548/composite 37.81 -2.05 -5.14%
F /quotes/zigman/264304/composite 11.59 0.14 1.22%
T /quotes/zigman/398198/composite 37.11 0.23 0.62%
BP /quotes/zigman/247026/composite 29.92 -0.54 -1.77%
GE /quotes/zigman/227468/composite 28.17 -0.37 -1.30%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Banks Branch Into Yoga

The bank branch is dead. Long live the bank branch?

Getty Images

Such is the strange state of affairs in the banking world. Faced with a challenging economic and regulatory environment, industry officials are saying they may not be able to sustain the vast network of branches they’ve built over the years. And the branches they do maintain may need to be reconfigured to meet the different demands of a changing customer base.

In other words, forget the teller windows and solid-wood desks of days gone by. Say hello to everything from banks that feature community rooms for free yoga classes to ones that feature video-conferencing stations. It’s all a matter of giving customers something more than a checking account with free checks – such pieces of paper are hardly necessary these days, anyhow — or a CD with a  marginally higher rate.

“You must have a value proposition that allows you to compete – and you can’t do it on price,” said Raymond Davis, chief executive officer of Umpqua Holdings  Corporation, the Oregon-based banking institution with $11-plus billion in  assets and more than 175 “stores” (that’s how the company refers to its  branches). Davis was speaking at the annual Best Practices in Retail Financial Services Symposium, held earlier this week at the Boca Raton Resort & Club in  Boca Raton, Fl.

Umpqua is widely recognized as one of the leaders in the movement to redefine branch banking. The company has turned its retail locations into community centers, offering wine tastings, trivia contests and, yes, yoga classes. The pitch is simple: Come for the fun and maybe do a little banking while you’re at it.

But as many of the 200-plus industry professionals at the Retail Financial Services Symposium attested, Umpqua is hardly alone in seeking ways to rethink the branch concept. In some instances, banks are adding video conferencing as a way to beef up “staffing” without having extra employees at the physical location. (Need help with determining the right investment mix for your retirement account? Just “meet” with a top financial specialist – via camera.)  In other cases, branches are being folded into supermarkets – it not only translates into savings of hundreds of thousands of dollars versus building a stand-alone location, it also potentially exposes a bank to much more foot  traffic.

“Our most profitable branches are supermarket branches,” said William Cooper,  chairman of Minnesota-based TCF Financial Corporation, during a symposium  keynote address.

The changes at the branch level are directly tied to what many banking officials describe as the “perfect storm” of challenges: a difficult lending environment, new federal regulations that limit fees (think Dodd-Frank) and – perhaps most important of all — a rapid migration of customers from branch banking to online and mobile platforms. So not only are banks finding themselves in belt-tightening mode, they also have to adapt to the fact that the old ways of connecting with customers (and therefore, selling more products and services) may no longer fully apply. And while banks saw business pick up in 2011 – industry net income increased by nearly 40 percent to $119.5 billion, according to the Federal Deposit Insurance Corporation (FDIC) – it still remains far below its post-crash highs. (In 2006, banks posted income of $145 billion.)

Of course, not every bank is taking such a dim view of traditional branches, especially since bricks-and-mortar locations can provide meaningful opportunities to interact with established and prospective clients alike. Branches can also be part of a strategy for a bank to firmly root itself in territories it’s targeting. JPMorgan Chase opened 18 new branches in the San Francisco area in 2011 for just this reason.

At the same time, others in the industry are going just the opposite route. Instead of redefining branches, they’re envisioning a world without them. A case in point: Industry consultant Brett King, author of “Bank 2.0” and  “Branch Today, Gone Tomorrow,” has founded Movenbank, billed as the first mobile-centric bank in the United States (it’s set to launch later in 2012). At the Retail Financial Services Symposium, King argued that branch banking is an outdated concept in a world that’s increasingly come to rely on electronic devices for almost every transaction. As King said during his keynote address at the event, customers simply prefer the convenience and flexibility of mobile banking versus debit cards: “When was the last time you pulled your card out of your wallet and it told you your balance?”

Comments

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Comments (5 of 27)

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    • Branch guy: This person got his information about grocery store banks from personal experience and observation. When I see a bunch of 25 year old and under employees dressed in jeans and polo shirts with the bank logo on them as though every day is ‘casual dress Friday’, that does not say ‘serious’ to me in any way, shape, manner or form. That does not mean I have my “nose in the air”, it is simply the truth. Banks bring that on yourselves by doing business that way. If you/banks don’t like that perception, change it – that’s on the banks, not me as a consumer.

      All that environment says to me is ‘inexperienced, sales-oriented low-level staff employees’ who have all the cross-sales lines down pat but when forced to go off their script they don’t know what to do other than refer me to someone ‘in our main office’ located ‘downtown’, or give me a number to call someone. Grocery store branches are ok for routine teller line transactions but that’s it.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Baird analysts ‘axing expectations’ for MLPs
Fed: Too white, too male, too many bankers?
Yelp posts earnings early, CFO to step down
Google CEO Pichai gets $199 million bonus
Gap sees earnings that beat estimates
Apollo Education Group to be taken private
Cracking down on college financial-aid cheats


Is the gold rally the real deal or ‘fool's gold’?

Zenefits CEO steps down, David Sacks steps into role

This stock market
has been Europe's best in 2016

Bloomberg tells FT he’s considering presidential run

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

Tesla downward revision is among the biggest

Yellen may say goal is not to slow the economy
Latest sign of a softening U.S. jobs market
Expansion won’t die of old age: S.F. Fed study

12th March 1954:  Lynda Sharp pours water over her sister Margot whilst sharing a bath at their home in Chorley Wood, Buckinghamshire.  (Photo by Fox Photos/Getty Images)  
23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?
Chipotle closes up shop for a few hours Monday
VOTE: If not Chipotle, where would you eat?

Chesapeake denies bankruptcy plan as shares dive
What are the 8 strongest S&P energy stocks?

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


Rubio in freefall in New Hampshire betting
Republican primary: 3 things to watch
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word
Bill Clinton: Sanders is ‘enemy of all things big’

How Clinton can rebound after New Hampshire

Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

What you can expect in Coca-Cola’s earnings

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Teen gets to keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Chinese herdsman finds 17-pound gold nugget



/conga/frontpage.html 367387

Markets »

165.88MDow Volume:
Avg Vol: 129.39M
Unchanged
121
Decliners
4802
Advancers
1600
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,027 -178 1.10%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 -79 1.82%
S&P 500
/quotes/zigman/3870025/realtime 1,853 -27 1.42%
GlobalDow
/quotes/zigman/629063/realtime 2,095 -8 0.38%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.36%
Oil
/quotes/zigman/2260836/delayed 30.18 +0.49 1.65%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,474 -41 1.65%
Nikkei 225
/quotes/zigman/5986735/delayed 16,344 -661 3.88%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 115.32 -0.53 0.46%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 0.00 0.03%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.70 0.00 0.65%
DXY Index
/quotes/zigman/1652083/delayed 96.64 -0.04 0.04%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.63 -0.01 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.72 -0.03 1.47%
German 10y
/quotes/zigman/15866409/realtime 0.22 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 -0.02 67.39%
Crude Oil
/quotes/zigman/2260836/delayed 30 +0 1.65%
Gold
/quotes/zigman/33772884/delayed 1,194 -4 0.36%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.89%
DJIA F
/quotes/zigman/48241424/delayed 15,921 -67 0.42%
S&P F
/quotes/zigman/43106711/delayed 1,844 -8 0.42%
Silver
/quotes/zigman/32655632/delayed 15 0 0.20%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.75 -4.32 -4.15%
AAPL /quotes/zigman/68270/composite 95.01 0.99 1.05%
GOOG /quotes/zigman/59527964/composite 682.74 -0.83 -0.12%
BAC /quotes/zigman/190927/composite 12.27 -0.68 -5.25%
C /quotes/zigman/5065548/composite 37.81 -2.05 -5.14%
F /quotes/zigman/264304/composite 11.59 0.14 1.22%
T /quotes/zigman/398198/composite 37.11 0.23 0.62%
BP /quotes/zigman/247026/composite 29.92 -0.54 -1.77%
GE /quotes/zigman/227468/composite 28.17 -0.37 -1.30%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

Today's list of the most-viewed stories from Barron's. More »

  1. 1.
  2. 2.
  3. 3.

Visit Barrons.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/126832/composite CHK-33.33%
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  • /quotes/zigman/41663/composite GLD+1.34%
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X
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