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Why Switch Banks Now?
Aug 14

Why Switch Banks Now?

Banks offer a pretty wide swath of services, and it can often seem to make sense to do your banking exclusively with just one company. The virtues of simplicity, correct? But that’s not always the case. Even if you do your primary checking at one institution, the benefits of looking elsewhere for savings accounts, CDs,

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Stanford Finance Professors Want Big Banks to Rely on Their Own Money to Prevent Another Crisis
Aug 13

Stanford Finance Professors Want Big Banks to Rely on Their Own Money to Prevent Another Crisis

The American banking industry may be on the brink of its biggest changes since the 2008 financial crisis. But among the different players involved — industry, government, public — there’s a disconnect as to what’s going on, what’s at stake, and what needs to be done. The ongoing battle over the Volcker rule The banking

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Traditional or Online Banking: Picking the Right One for You
Aug 12

Traditional or Online Banking: Picking the Right One for You

Long gone are the days when there was but a single bank in town where everyone went to store their valuables. When it comes to banking, the modern man or woman has a slew of options to choose from, besides just plunking down their cash at the nearest branch. And many people are choosing to

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Why Citigroup’s $7 Billion Penalty Will Put Cash In Your Pocket
Jul 16

Why Citigroup’s $7 Billion Penalty Will Put Cash In Your Pocket

For those who find themselves constantly worrying about mortgage-backed securities, this week is bringing along some hopeful news. On Monday, word got out that Citigroup has agreed to pay a settlement to the tune of $7 billion. This marks an important turning point, being the biggest monetary agreement in history. Attorney General Eric H. Holder

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Perks That Make You Realize Premium Checking Isn’t Just for the Filthy Rich
Jul 05

Perks That Make You Realize Premium Checking Isn’t Just for the Filthy Rich

Premium checking accounts offer various perks that can make your financial life much more rewarding. Depending on where you decide to bank, premium checking accounts come with different fees and rewards. Consider a premium checking account in the same way you would a new credit card. You have to do your homework to figure out

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Bank of America’s Preferred Rewards Program Unveiled
Jun 28

Bank of America’s Preferred Rewards Program Unveiled

Bank of America recently unveiled a new Preferred Rewards program that will begin to roll out across the nation in the coming months. This program aims at rewarding long-term Bank of America customers, as well as Merrill Edge customers for using the service for their investment needs. The aim of this program is to build

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How This School Program Will Restore Your Faith In Financial Education
Jun 08

How This School Program Will Restore Your Faith In Financial Education

The U.S. Department of Treasury, in conjunction with the Comptroller of the Currency Administrator of National Banks, leads an initiative to help bring banks to schools. This program is known as the School-Based Bank Savings Program, and aims to bring financial education to students by setting up programs at schools. School administrators and bankers can

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How Wells Fargo Robo-Signing Settlement Can Alleviate Your Stress as a Home Owner
Jun 03

How Wells Fargo Robo-Signing Settlement Can Alleviate Your Stress as a Home Owner

Wells Fargo has decided to settle for a total of $67 million on its civil litigation involving mortgages. The bank was accused of robo-signing home loans, or approving foreclosures without going through the proper procedure to analyze whether or not home buyers were indeed delinquent on their accounts. This resulted in many home owners damaging

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How Will Barclays Decision to Cut 19,000 Jobs Impact You?
May 08

How Will Barclays Decision to Cut 19,000 Jobs Impact You?

Barclays will cut an estimated 19,000 jobs by the end of 2016. By the end of the year the British bank will drop an estimated 14,000 jobs, which is 2,000 more than previously announced earlier this year. The bank plans to expedite the process in an attempt to reduce costs on employee spending.

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7 Banks That Actually Pay You to Save
Apr 15

7 Banks That Actually Pay You to Save

Shouldn’t you be rewarded for all of your hard work as you balance your finances and try to save? It’s one thing for a bank to offer you a savings account that yields a high amount of interest, but there is a greater sense of accomplishment when your bank rewards you directly for your efforts.

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