Banking News
Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities
Wells Fargo agreed to pay $1.4 billion to investors to settle a lawsuit by California Attorney General Jerry Brown that claims that the bank lied about the strength of its auction-rate securities.
TD Bank In the Holiday Spirit With Million Dollar Givaway
TD Bank wants to say thank you to its customers; one million thank yous, actually. From November 9th until December 4th, each of the more than 1000 TD Bank branches from Maine to Florida are giving away $250 dollars
Visa Mobile Banking App for Android Now Available For U.S. Bank Customers
US Bank and Visa announced yesterday that the new Visa Mobile app for phones carrying the Google Android mobile operating system.
Credit Card Problems Rise and Fall: Defaults Down But Delinquencies Increase
The credit card industry remains to be one of the hardest hit sectors as unemployment rates continue to rise with no respite seen in the near future.
Chase Recruits Facebook Users to Help Give Away $5M in Charity Funds
Chase has $5 million to give away to charities and who does the bank tap to help decide which local charities get a share of the pie? Facebook users, that's who.
Discover Card Launches New iPhone App
On November 17th, Discover Mobile, the mobile division of Discover Financial Services, released their first iPhone / iPod Touch application.
Consumer Confidence from Extended Tax Credit Could Boost Dwindling Home Starts, Says Toll Brothers CEO
The rate of housing starts has slowed since October as across the nation homebuilders unexpectedly started construction on fewer new homes.
Going or Staying? AIG CEO Now Says He Remains “Committed”
Conflicting reports about the American International Group (AIG) Chief Executive Officer Robert Benmosche's next move in response to the government's seemingly tightly-woven strings wrapped around the beleaguered institution
American Express to Buy Online “Revolution Money” Payment Platform For $300 Million From AOL Co-Founder Steve Case
American Express announced today that it plans to purchase Revolution Money, an alternative card payment network that has billed itself as a cheap alternative to companies like AmEx, for $300 million
Goldman Sachs and Warren Buffett To Help Promote Small Businesses
Goldman Sachs Group Inc, together with billionaire investor Warren Buffett, has decided to initiate a $500 million small business assistance program called "10,000 Small Businesses."
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
U.S. Bank Acquires FBOP Corporation’s 9 Failed Banking Subsidiaries
First Premier Bank Offer Credit Card with 79.9% APR…Wait, What?
Assessing the Impact of the FDIC’s Temporary Liquidity Guarantee Program
FDIC Chairman Shelia Bair on The State of American Banking – Summary and Analysis
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
TD Bank In the Holiday Spirit With Million Dollar Givaway
