Finance Basics
‘Too Big To Fail’ Firms May Be Broken Down To Smaller Size
A proposal by Rep. Paul E. Kanjorski (D-PA) was voted for 38 to 29 in legislation on Wednesday. It would allow regulators to break up big companies deemed ‘Too Big to Fail’ before their failure becomes imminent.
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.
Three More Banks Fail in Florida and California
Florida continues to be one of the states hardest hit by bank failures this year, with another two banks failing this past Friday, bringing the total banks failed in the state since the beginning of 2009 to 11.
U.S. Unemployment Benefit Claims Drops To Lowest Level Since 2007
While we all know that many companies are still laying off employees, the pace at which they are doing so seems to be abating. Initial jobless claims dropped 12,000 to 502,000 for the week ending November 7
Georgia is Leading the US in Number of Banks and Bank Failures
It seems as if banks in Georgia just cant seem to stay solvent. This may be turning into a real problem for residents of that state, as many of them could soon have far fewer banking options.
Settling Debt can be an Unsettling Experience
With many businesses facing difficulty, unemployment over ten percent (the highest it has been for almost thirty years), and one million Americans facing foreclosure on their homes,
Bank Failures Reach 120 For 2009 As Five More Banks Fail Last Friday
The recent rash of bank failures continues with the FDIC closing five more banks on November 6th, bringing the total number of bank failures in 2009 to 120.
Concern Over Swine Flu Hits Wall Street
Ok, bank managers might get big bonuses, government bailouts, and other special treatments during a financial crisis, but they also get something else just like any other average American: the flu.
What to Do If Your Bank Fails
With so many banks failing this year (115 as of last Friday) and with predictions that the rate will not likely slow for at least the next few years, people are starting to wonder if maybe their bank will be next.
California Ups Its Withholding Tax Rate
For many people living in California it must be very hard to get by, considering that the state has one of the highest foreclosure percentages
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
