Financial services in a tech driven revolution
A commentary outlines how payments, deposits, loans, insurance and retirement planning are transforming under technology, deregulation and global competition. Banks merge, branches fade while online, ATM and phone channels expand, creating new niches for merchant bankers amid shifting markets and financial engineering led by Dr. M. Ray Perryman.
MENTIONED IN THIS ARTICLE
Wal/K-Mart
Telecommunications
S&ls
Mexican bid to privatize Pemex division provokes protests
Mexican residents condemn the plan to sell Pemex petrochemical subsidiary amid political pressure. The privatization push, backed by President Zedillo, faces opposition from PRI factions, labor groups, and Congress, with fears over national sovereignty and oil control.
MENTIONED IN THIS ARTICLE
Mexico City
Petroleos Mexicanos
Pemex
Emesio Zedillo
International l
Mexico
Petrochemical
Lazaro Cardenas
Zedillo
PRI
George Grayson
Exico
College of William and Mary
Eeeane
Carlos Salinas de Gortari
United States
Canada
Cosoleacaque
Congress
Francisco Curi Perez Fernandez
Energy Committee
Chamber of Deputies
Mexican Congress
Ernesto Zedillo
Laguna Azul
Ciudad del Carmen
Online insurance shopping idea from Intuit Quicken Network
Intuit announce s Quicken Financial Network will offer auto and home insurance quotes online. Four insurers provide information and the service aims to connect consumers with brokers for risk analysis and policy terms. It will be free and leverages Intuit’s 10 million Quicken users for immediate reach.
MENTIONED IN THIS ARTICLE
Intuit Inc
Quicken Financial Network
Jennifer Jones-Hall
Qfn
Intuit
Allstate Life Insurance Co
MetLife
TIG
Zurich Direct
Zurich Kemperife
Steven Aldrich
Interactive Insurance Services
Alexandria
Hips Ae
Ames Insurance
Hesadenia
McCary
Allstate
Cupertino
Jones-Hall
Intuit Insurance
State Farm Insurance
Ees Finance
Ees
SEC Chief urges clearer fund disclosures for investors
SEC Chairman Arthur Levitt urges more understandable mutual fund disclosures at ICI meeting. A prototype profile prospectus lists fund risk as item 3 and 10-year performance charts as item 6. An SEC review will follow after public comment.
MENTIONED IN THIS ARTICLE
Investment Company Institute
Securities and Exchange Commission
Arthur Levitt
Levitt
Mutual Fund
ICI
SEC
Bke
No-Load Stocks Offer Direct Purchase Options
The article explains no-load stocks and direct stock purchase plans. It notes Sears and Home Depot moving to direct sales, alongside firms like Exxon Procter & Gamble McDonald's and Texaco already offering this. It discusses reduced broker commissions and aims to broaden ownership, with company execs citing long-term investor ownership benefits.
MENTIONED IN THIS ARTICLE
Dow
Johnson & Johnson
D.L
Jamestown
R.I
Sears
Home Depot
Charles B. Carlson
Exxon
Procter & Gamble
McDonald's
Texaco
William H. Fost
Kim Atonee
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Cleveland
Akron
Ron Martin
Jayne Kormanik
Martin
Ellet
Obvn
Ceilin Ht
Xico
National Action Party
Vicente Fox
Cuauhtemoc Cardenas
Fox
San Jose
Calif
Otkom Omeis
FDIC
John Arrick
11Th St
Odessa
Edward Jones
Mike Lewis
Nicky Cook
Parkway
Minum
Minum Wieres