Smartphone-Only ATMs Coming Soon
To the long list of things you can do with your phone — including watch a movie, buy a latte and hail a ride — prepare to add one more: get cash. Over the next few months, the nation’s three biggest banks will start rolling out ATMs that will let customers withdraw currency using their smartphones instead of debit cards — the latest step toward a future in which phones could replace bank branches and wallets. “My boys are 5 and 6 — I...
Break Up the Big Banks?
Washington — Battling across Iowa ahead of the first-in-the-country vote on Monday, Hillary Clinton and Bernie Sanders are dueling on fertile populist ground: resentment against Wall Street, bailed-out big banks and a financial system seen as rigged. Their rhetoric is pungent. The contenders for the Democratic nomination are running neck-and-neck in polls before the caucuses, and the stakes are high. Sanders, the socialist independent...
Mascoma Savings Bank CEO Announces Retirement Plans
Lebanon — Stephen Christy, longtime president and CEO of Mascoma Savings Bank, has announced his retirement, effective Jan. 1, 2017. Christy, who was named 2014 community banker of the year by the New Hampshire Bankers Association, joined the bank as a teller in 1973 and rose through the ranks, taking the helm in 1990. He saw the mutually owned bank through a series of unprecedented changes, including global financial crises, the...
Consumer Confidential: A Big Political Battle Over Dodd-Frank Financial Reforms Is Coming in 2016
Forgive and forget. Or just pretend that banks’ greedy and reckless behavior never happened. That seems to be the sentiment behind what’s certain to be one of the biggest political battles in 2016: whether we should roll back financial reforms put in place after the financial meltdown that nearly brought the global economy to its knees. At issue is what’s known as Dodd-Frank, aka the Dodd-Frank Wall Street Reform and Consumer...
Power Lunch: A Conversation With Kathy Underwood, President and CEO of Ledyard National Bank
Over an arugula salad and coffee, the president and chief executive officer of Ledyard National Bank discusses how she started as a part-time teller, her work on the advisory board of the Consumer Financial Protection Bureau, and why she recently walked 18,000 steps in Washington, many of them in her hotel room. Impressive and irreverent is how I’d describe Kathy Underwood, one of the Upper Valley’s most prominent bankers. “You did...
