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- IMF chief says stronger Chinese yuan needed
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- Newspaper: Stimulus brings few private-sector jobs
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NEW YORK - Do you use your cell phone or PDA to check your bank balance or do simple transactions? If not, you're not alone — a survey finds most Americans are still hesitant about mobile banking. But at the same time, young people are increasingly coming around to the idea.
The IBM study finds 89 percent of consumers do not use their cell phones to conduct mobile transactions, even though it's available from most banks.
But at the same time, the study found that 21 percent of consumers age 18-34 do use their cell phone for mobile banking transactions, compared to about 10 percent of the general population.
These numbers — particularly for younger consumers — are expected to grow significantly.
Meeting the needs of these tech-savvy customers is seen as key for banks to stay competitive.
- Where, what, how.
- Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
- For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
- Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
- The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
- Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.









