The FDIC has announced seven banks thus far that have failed this Friday, with the largest, Advanta Bank Corp., unable to find an assuming institution. Deposits of the other six have been transferred to other banks, with an estimated total cost to the Deposit Insurance Fund (DIF) of almost $1.3 billion for all seven banks.
Bank of America Interactive Billboard in Times Square Lets Consumers Text Retirement Responses
A new billboard unveiled by Bank of America today in Times Square lets consumers text responses to poll questions about retirement and posts real time results throughout the day.
Spring Break and Summer Vacation: Ways to Save on Travel
Whether you need a break from the office or your Spring Break is about to start, the cost of planning a getaway can add up quick. Even though consumer spending is up, airlines, hotel chains and other travel businesses are looking for ways to attract customers
Warren Buffett Stars as Axel Rose in Geico Commercial
The third richest man in the world, Warren Buffett, doesn’t need the exposure or money from doing a TV spot, but that didn’t stop him from putting on a headband to sing as Axel Rose on a Gieco TV commercial that aired this week.
Bank of America Contributes $324,000 to Support After-School Programming
To promote youth fitness in Chicago, Bank of America has pledged to match funds generated by two of its biggest sponsored running events, the Bank of America Chicago Marathon and the Bank of America Shamrock Shuffle.
Health Care Bill Could Actually Reduce Deficit, Says CBO
The Congressional Budget Office has announced that its non-partisan analysts have determined that the changes sought by Democrats to the health care bill could reduce the federal deficit by as much as $130 billion in the first decade.
Zillow Launches Android App For Homebuyers, Hopes to Duplicate iPhone Success
Real estate website Zillow has released a new mobile application for Android based phones, which lets users access the Zillow home value database from their smartphone.
NCAA Brackets: How to Win Without Any Sports Knowledge
March Madness has started, and offices around the US have pooled together their bets on who will be the 2010 NCAA basketball champs. NCAA brackets are no small potatoes; some of the biggest bracket winners could receive up to a million dollars this year.
Fed Plans to Start Backing Out of Mortgage Backed Securities
In a move that expresses increased confidence in the economies stability, the Federal Reserve has announced that it has stopped buying mortgage backed securities.
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