The rising popularity of mobile phone applications, the abundance of Smartphones and greater familiarity with text messaging are all factors driving the impressive growth in mobile banking services. Having experienced phenomenal growth outside the US, it seems as with many mobile technology offerings the US is now rapidly catching on. According to research from the Towers Group in 2007 there were 400,000 mobile banking users in the US, rising to around 3.1 million in 2008.

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The business of wealth management marketing is evolving – specifically, we are beginning to blog, tweet and link. Think your clients are not in the social media demographic? Think again. Bessemer Trust, the Wall Street Journal and more clients than you might imagine are already engaged in social media.

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Bummed it’s the end of the football season? Us too! But to liven up your Monday, we’ve compiled some nuggets of interest from the business world. It might not be as good as a party on Bourbon Street, but its close enough. This week we are taking a closer look at news in healthcare, the markets and banking. Enjoy!

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2009 was quite a year for bankruptcies: car giants GM and Chrysler and CIT Group, largest lender to small and medium sized businesses. It was the seventh-worst year on record according to Associated Press data. Below we discuss some of the largest bankruptcies and their ramifications.

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So we’ve come to our last week in the office of 2009, and we’re going out in style! Please find below the headlines in the banking, bankruptcy, healthcare and retail sectors to kick off your week. See you in 2010!

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There is no denying it: the face of the financial industry has changed immeasurably in the past 12-months. If the collapse of both Lehman Brothers and Bear Stearns was a shock, then the news that Bernard Madoff, the well respected financier and former head of the NASDAQ had masterminded what some refer to as “largest investment fraud in Wall Street history” was astounding. What was even more astonishing was that it took the regulators so long to smell a rat.

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To coin ESPN is it Monday yet? Yes it is and to start the week off we have a round-up of the latest and greatest news in the banking, management and bankruptcy sectors. Enjoy!

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