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The Christian Science MonitorImagine an insurance company that is facing today a deficit of billions of dollars. But its board of directors has not had a meeting since February 2008. Meet the Pension Benefit Guaranty Corp., a federal agency that takes over underfunded pension funds from bankrupt companies and pays their retirees. Going into this… Read more »

Despite the retirement market’s size,

Despite the retirement market’s size,

Dave Kaytes, the managing director at Novantas, a consulting company that serves the banking industry, believes that banks that require more capital will need to raise their deposit rates.

… stronger banks that passed the stress test may offer lower rates. Says Mr. Kaytes:

The Christian Science MonitorBuying loans from banks

With public approval of the financial sector seemingly in a free-fall, should banks still care about customer satisfaction? Absolutely, concludes a recent study from J.D. Power and Associates and Novantas.

Banks have always been good at fixed income and cash and consumers expect them to be good at it,’ says Alistair Jessiman, managing director of the bank consulting firm Novantas. ‘The investors’ risk appetite is swinging …

Panama City News HeraldThe Bank of Bonifay’s primary plan to raise capital was nixed earlier this month, leaving the Holmes County bank with one less option to improve its financial health. The Bank of Bonifay ended a sale agreement with Protective Life, a $39.5-billion Birmingham-based life insurance company, on April 1. Protective Life’s purchase of… Read more »

Report by J.D. Power and Associates and Novantas, LLC