The List of Failed Banks Has Grown, But the Worst May Be Over
There is a lot of talk in mainstream media about failed banks, so we went directly to the source--the FDIC, to find out the full story. Here, you can see clearly that last year, 26 banks failed in total. As you can see from the chart there was very little activity in the first half of the year, then bank failures steadily increased from July through December.
How to Avail of the First-Time Home Buyer Tax Credit: Top 5 Frequently Asked Questions
While the federal government is scrambling to provide some relief to the hundreds of thousands of besieged homeowners who are awaiting possible imminent foreclosure, it does not necessarily mean that there are no home buyers at this time.
For those who are fortunate enough to find their heads above water, the housing market is just right for the picking.
Compass Bank’s Drive on Sweepstakes Goes Full Speed
Compass Bank promises to take you where you want to go – financially and literally! With its Drive on Sweepstakes, signing up for a new account, availing of new loans, or maximizing the use of any existing Compass Bank account, automatically enters you to the Sweepstakes, and generates entries for you to have a chance of winning any one of 5 Grand Prizes: 2009 MINI Cooper S Hardtops. Another ten 1st place winners will get $1,500.00 each.
An Update of the Latest Bank Rates
The past week saw a slew of rate cuts in many banks' savings and CD products. Even the news that consumer credit was up in January after a 3-month slump, was not enough to overshadow the depressing reality that formerly blue chip stocks went into penny stocks territory (Citibank went below the $1 mark for a brief period).
Citigroup Offers Temporary Rate Reduction to Unemployed Borrowers
On March 3, Citigroup announced the launch of their Homeowner Unemployment Assist program, which allows unemployed borrowers who have fallen behind on their mortgage loan payments to temporarily make reduced payments averaging $500 per month for 3 months. Interest and penalty fees will also be waived during this 3-month period. The new assistance plan for unemployed mortgage holders is an add-on to Citigroup’s existing Homeowner Assist program that was first put in place last fall to help homeowners avoid foreclosure. Mandated by the U.S.
Image-scanning, Envelope-free ATMs Provide Unparalleled Banking Convenience
It was in 2002 when Wells Fargo Banks rolled out the first models of image-scanning, envelope-free ATMs. For Bank of America, 2006 was when it started to offer this service. JP Morgan Chase is also currently in the process of installing these cutting-edge technology ATMs, as are some smaller banks such as the Westbound Bank, an 18-month old Houston-based bank.
HSBC Checking Account $75 Bonus
Vist the follwoing promotional page to qualify for a $75 cash gift when opening a Plus Checking Account with HSBC Bank. An initial deposit of $1,500 of new money is required and the deal ends on 3/31/2009. If you are going to act on this deal make sure you can maintain $15,000 in total combined balances (personal deposit, investment and qualifying credit balances) to avoid a $15 monthly fee. The promo page also has a $25 cash bonus for opening a Choice Checking Account with a Debit MasterCard, with an initial deposit of $500 of new money.
WaMu Credit Card Accounts Fully Migrate to Chase System March 9
Effective March 9, 2009 WaMu credit card holders can no longer access their accounts from the wamucards.com site, and will instead be moving to Chase OnlineSM. In line with this, WaMu credit card customers were advised of some important dates and activities that should be undertaken during the conversion process:
3 Key Tax Breaks Not to Overlook – Job Hunting, HSAs and Homeownership
A gentle reminder in case you've forgotten: tax time is just around the corner, and Uncle Sam is waiting to collect his annual fee. Like a trip to the dentist, completing your taxes before the mid-April deadline is an unwelcome but necessary task, and avoidance only makes things worse. You may owe less than you think, however, or even be entitled to a refund. To avoid overpaying the IRS, make sure you know about these easily overlooked federal tax break options.
Get $25 for every $250 in purchases made on your Chase debit card
Get $25 for every $250 in purchases made on your Chase debit card without using a PIN. Here's all you need to do: LOG ON to your Chase OnlineSM account to enroll your Chase debit card. You'll need your 16-digit personalized RSVP code for enrollment. USE IT from the day you enroll your card through March 31st. GET $25 deposited into your checking account for every $250 you spend – up to $75, when you make purchases without using your PIN Only purchases made from the date you enrolled, through March 31, 2009
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
Citibank Credit Card Interest Skyrockets In Anticipation of Federal Regulation
Commerce Bank of Southwest Florida Fails, Becomes 123 Bank to Close in 2009
ING Direct Black Friday Special: Save ‘Til You Drop
Savers Left With Fewer Options as Hudson City Savings Lowers Top CD Rates
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
