Home » Archive for July, 2009
Lehman Brothers Trying to Pump $950 Million into Aurora Bank
Lehman Brothers Holdings Inc. is scheduled to appear before Judge James Peck of the U.S. Bankruptcy Court on Wednesday in Manhattan in order to gain permission to insert $950 million into their subsidiary Aurora Bank FSB, based in... More of this article »
FDIC’s Closure Of Security Bank Corp. Brings 2009 Total To 58
The FDIC broke its streak of weekly bank closures on Friday, failing to report any bank seizures this week for the first time in 2009. Last Friday’s closure of Security Bank Corp., headquartered in Macon GA, was the latest and... More of this article »
Built Up a Reserve Fund Before Anything Else
When working as a financial manager for people throughout the years, one of the things that was difficult to convince most who wanted to get a handle on their finances, was the number one thing you must do to start off with to lay... More of this article »
Swiss Bank UBS, US Reach Tentative Agreement
Hoping to avoid a diplomatic showdown, word is Swiss banking giant UBS and the U.S. Justice Department have reached an agreement in general that will deal with the releasiing of 52,000 American UBS clients, who of some, are thought... More of this article »
How to Shop For a Savings Account
Savings accounts can be used for both short term and long term savings goals, although you may need to have more than one account in order to benefit most from interest rates and account features. Before shopping for a savings account,... More of this article »
New Bill Would Empower FDIC to Wind Down Bank Holding Companies
New legislation described as an “interim” measure was introduced by Republican Bob Corker and Democrat Mark Warner to give the Federal Deposit Insurance Corp. power to wind down bank holding companies. What the bill was... More of this article »
Did Taxpayers Pay $33 Billion in Bank Employee Bonuses?
New York Attorney General Andrew Cuomo released data today that revealed almost $33 billion in bonuses were awarded to bank employees of nine banks which received taxpayer aid money, with over $1 million each to almost 5,000 bank workers,... More of this article »