Banking News
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."
Bank of America Gets a Much Needed Boost from Investor John Paulson
The holidays came early for Bank of America this year, as hedge fund investor John Paulson stated today that he expects the bank's stock to double in the coming years.
How Smart is Your Credit Card?
Most of us have seen the commercials depicting consumers waving a credit card or debit card at the cashier counter to pay for a purchase. But in actuality, how many of you really done this?
How Secure is Your SSL Online Banking Connection?
As more and more people do their banking online, a common question asked by consumers is how they know that the transactions they do online or from their mobile web devices are secure.
FDIC Sells Real Estate To Replenish Deposit Insurance Fund
The Federal Deposit Insurance Corporation moved forward with plans last Thursday to replenish its Deposit Insurance Fund (DIF), to ensure continued protection of consumers’ deposits.
Obama Administration Creates Federal Task Force to Investigate Financial Crimes
The Obama Administration announced today that it has formed a new task force that will be dedicated to bringing those who committed the financial crimes that led to the economic crisis to justice.
Merrill Lynch, Morgan Stanley Battle Independent Brokerages For Wealthy Investors
Full service brokerages such as Merrill Lynch (owned by Bank Of America Corp.), UBS and Morgan Stanley Smith Barney may have to up their efforts if they want to retain their clients.
Bank of America, UBS AG and JPMorgan Chase Sued By California Public Utility
Three major banks were sued today by a California public electric utility, the Sacramento Mununcipal Utility District (SMUD), which alleged that the banks coordinated pricing and accepted kickbacks in a scheme to pre-determine the winners of “municipal derivative” auctions.
Mortgage Rate National Averages at Lowest Point Since Early October 2009
Anyone who has been watching the mortgage market closely has seen a pretty constant decline in rates this month, following a small jump last month.
Government: Mortgage Assistance Program Helping 1 in 5 Homeowners
The Obama administration says 20% or one in every five troubled homeowners is being helped by the government's mortgage modification program.
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
