Balance Transfer Fees: Should You Expect to Pay More?
Traditionally, the defaults on credit card debts rise or fall with the unemployment rate. With the unemployment now at 8.5 percent, the highest in more than two decades, credit card companies are suffering from a surge in defaults. Bank of America, for example, has $182 billion in credit card loans as of December 31, 2008. From this figure, the bank had to write off $11.4 worth of balances.
Earn More Cash Back with Bank of America’s Add It Up Program
Bank of America recently introduced Add It Up, a cash back program that lets you earn up to 20% back of the amount you spent shopping in any of the retailer websites featured. And that's on top of any retailer discounts and ongoing rewards program of your credit or check card.
Goldman Sachs Posts $1.81 Billion First Quarter Gains, Looks to Repay Government Debt
New York-based banking giant Goldman Sachs announced Monday that it earned $1.81 billion in net profit for the first quarter of this year. This translates to earnings per share of $3.39, far exceeding analysts' forecast of $1.33 per share. Aside from its impressive first quarter gains, the bank also said that it plans to raise $5 billion by putting common stock on the market to pay off the $10 billion government bailout fund it received.
Is Confidence Returning to the US Economy?
Figures from six continents showed that the confidence in the global economy is finally returning. The outlook that looked hopeless a mere month ago is now at a 100-month high. It was observed that sentiment grew faster in Asia compared to the US and Europe. Many believe that the worst may be over for their economies.
Credit Card Usage: Biggest Percentage Decline in 31 Years
According to the Federal Reserve, consumer credit card spending suffered its biggest decline in more than 30 years in February 2009. As consumers tighten their belts due to the economic crisis, job woes, and overall dampened sentiment, their reliance on plastic is likewise declining. The downtrend is outlined at the Fed’s G.19 report on consumer credit.
Bank of America Gives Away $75 for New MyAccess Checking
Bank of America is presenting a special limited-time offer to all the bank's credit card customers -- a cash bonus of $75 upon opening a MyAccess Checking account online. Open a new MyAccess Checking account today and enjoy online access to both your checking and credit card accounts virtually anywhere, any time. Paying your credit card bill has never been easier.
Earn a $50 Lowes Gift Card from the National Bank of Kansas City
Considering a new checking account or know a friend that is complaining about theirs, then the deal over at the National Bank of Kansas City may have come at the right time. Sign up for a checking account before May 2nd and you will receive a $50 Gift Card to Lowes Home Improvement.
Wall Street Banks Lose Top Investment Bankers
Top talents of the banking industry, mostly in the investment banking divisions, are starting an exodus out of the country's big banks into smaller investment firms. These departures come in the wake of the US government's plans for tighter restrictions and amidst calls for limits on executive compensation for banks that received more than $5 billion in government assistance
My Bank Tracker Launches iPhone Web App
The My Bank Tracker team is proud to announce the launch of their mobile, iPhone web app. Recognizing the large scale of detail and offerings our site brings to the average web browser, a simpler version was needed for our mobile web users. Quietly rolled out last Thursday, it has already scored a Staff Pick from the Apple Team. You can check it out by typing mybanktracker.com into the iPhone Safari browser to experience a mobile friendly version of the site that offers top rates across CDs, Savings, Mortgages, and Checking.
Types of CDs
Most of us are familiar with the traditional Certificate of Deposit (CD). It is a deposit product that earns a fixed interest rate higher than the savings account for a fixed period of time. CD's are usually availed of by clients who have no immediate plans for their cash and want to enjoy a higher yield for their money in a safe and FDIC-backed investment vehicle. Other than the traditional CD however, do you know that there are also other types of CDs? These non-traditional CDs offer flexible options for depositors who may be looking to explore other CD alternatives. Here are some of the most commonly offered and used non-traditional CDs:
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
