Finance Basics
Wall Street “Banks” Need To Be Redefined, Says Chairwoman of FDIC Sheila C. Bair
If you were ever unclear about the difference between a company like Goldman Sachs and, say, Bank of America, don't worry; so was chairwoman of the FDIC Sheila C. Bair
MoneyGram Fined $18 Million For Consumer Scam Deal
MoneyGram International, Inc., the second-largest money transfer service in the United States with a network of 180,000 Money transfer agents in 190 countries and territories
Win Up to $60,000 With Wells Fargo Mortgage Sweepstakes
If you’re a Wells Fargo Home Mortgage customer, you now have the opportunity to win up to $60,000 towards your principal and interest mortgage payments.
Will Regulators Veto the New Bank of America CEO?
As Bank of America starts its search for a new CEO to replace Ken Lewis, who steps down from the post at the end of this year amidst a flurry of rumors and controversy over the banks acquisition of Merrill Lynch
Cash vs. Mortgage When Buying a Home
Not many of us are fortunate enough to have sufficient cash to even consider purchasing a home in well, cash.
Cash in on the $8,000 Tax Credit for New Home Purchases
Recent government programs introduced to stop foreclosures and stimulate interest in the Housing Sector have brought about positive results. The real estate sector has certainly benefited from these measures.
Financing a College Education with a HELOC
Giving a child a quality college education to equip them for a professional career has long been considered an integral element in the American dream.
American Express Debuts It’s Online Personal Savings & CDs Accounts
On June 1st American Express launched their first range of deposit holding products that don't involve signing up for a credit card. Coming out of the gate with a High-Yield Savings account and an assortment of CDs ranging in terms from 3 to 60 months, American Express is seeing to it that their rates were competitive. With a 2.00% APY for their savings, they are neck and neck with other competitive banks such as Ally at 2.05% APY.
Introducing our Failed Bank List of 2009
Announcing our ongoing commitment to keep track of failed banks. Some banks are larger than others, but even the small ones still have an impact on their communities. We will provide the list along with some brief notes about the acquiring bank. One special feature of our list, is a map of failed banks per state. Here is a screenshot of banks that have failed per state.
GMAC Bank becomes Ally Bank
This morning the Wall Street Journal broke the news that today, Friday, May 15, 2009 GMAC LLC will rename itself to Ally Bank. In becoming a bank holding company back in December, GMAC has taken the opportunity to differentiate themselves in the market by starting fresh - much needed in the banking industry itself.
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
