Products Banking and Loan Rates Headquarters White Plains Type of business Private | Website www.banxquote.com Founded 1984 | |
Industry BankingFinancial Services Key people Norbert Mehl, Founder & CEO | ||
How to say banxquote s high quality voices
BanxQuote was the foremost provider and licensor of indexes and analytics used as a barometer of the U.S. banking and mortgage markets until its exit in 2015. Its bank rate website and consumer banking marketplace featured dynamically updated daily market rates on banking, mortgage and loan products throughout the United States, until its exit in 2010.
Contents
- How to say banxquote s high quality voices
- History and Activities
- BanxQuote on Bloomberg Terminal
- The BanxQuote Index Trademark and Performance benchmarks
- Case studies
- Use by Government Policy Makers GSEs Non Profits and Economists
- US Government Agencies
- Government Sponsored Enterprises GSEs
- Foundations Non Profit Judiciary Religious Organizations
- Press Coverage Syndication
- References
History and Activities
BanxQuote was established by its parent BanxCorp in 1984, and its Internet operations were launched at a BanxQuote National Banking Conference held at Salomon Brothers in New York, on April 7, 1995.
Clients of the firm have included hundreds of financial institutions nationwide and its indexes were frequently used as a trusted source and performance benchmark by public policymakers, government agencies, major banks and corporations.
BanxQuote operated an online national banking marketplace for 15 years, until its exit in 2010
It featured rates on money market accounts, savings and jumbo certificate of deposit (CDs), mortgage loans, home equity and auto loans for various terms and amounts.
BanxQuote also provided proprietary state-by-state, regional, and national composite benchmarks for its various banking and lending products. Clients of the firm have included hundreds of banks and financial institutions nationwide. In 1985, The Wall Street Journal started featuring BanxQuote for 17 consecutive years.
BanxQuote on Bloomberg Terminal
BanxQuote current and historical proprietary data, indices, charts and analytical tools were available on Bloomberg Terminals from 1995 until its exit form the market in 2015, reaching over 250,000 financial market professionals worldwide.
The BanxQuote Index, Trademark and Performance benchmarks
The Dow Jones Barron's Dictionary of Banking Terms defines the BanxQuote Money Market Index(tm) as an "Index of rates paid by investors on negotiable certificates of deposit and high yield savings accounts, compiled weekly by BanxCorp. The index offers a side-by-side comparison of rates paid by selected banks and savings institutions on small-denomination (under $10,000) savings accounts."
The BanxQuote Conforming-Jumbo Mortgage Index(tm) is typically used to analyze the historical spread between national average conforming and jumbo mortgage rates.
BanxQuote licenses its registered trademark, proprietary indices, data, analytical tools, and financial applications to third parties.
Case studies
Use by Government, Policy Makers, GSEs, Non-Profits and Economists
BanxQuote data are cited by various government agencies, policy makers, [GSEs], Non-Profit and Religious Organizations, and economists, such as outlined below.
U.S. Government Agencies
Government Sponsored Enterprises (GSEs)
Foundations, Non-Profit, Judiciary & Religious Organizations
Press Coverage & Syndication
BanxQuote has been quoted and its data has been syndicated by leading print and online media, such as the following:
BanxQuote has also received frequent press coverage by numerous other news organizations throughout the U.S., including the following:
Associated Press, U.S. News & World Report, Forbes, Fortune, American Banker, Chicago Sun-Times, The Washington Post, Tribune Business News, Seattle Post-Intelligencer, Houston Chronicle, Dallas Morning News, The Boston Globe, St. Louis Post-Dispatch, South Florida Sun-Sentinel, Kansas City Star, St. Petersburg Times, Denver Rocky Mountain News, The Milwaukee Journal Sentinel, The Journal Record, The Record (Bergen County, NJ), Kiplinger's Personal Finance Magazine, Oakland Tribune, The Salt Lake Tribune, El Diario/La Prensa, The Boston Herald, Los Angeles Business Journal, Buffalo News (Buffalo, NY), Portland Press, Herald (Maine), and the Colorado Springs Gazette Telegraph.