Home » Archive for September 2nd, 2009
Citigroup, Bank of America and Others Lend $15 billion through Federal Reserve’s TALF Program
Citigroup (NYSE: C) and Bank of America (NYSE: BAC) sold the most out of a group of banks that sold $15 billion in asset-backed debt, the highest total since June, before the September 3rd deadline for the 7th round of the Federal... More of this article »
Bank of America, Wells Fargo and Citibank to Accept California IOUs as Deposits
Bank of America (NYSE: BAC), CitiBank (NYSE:C), Wells Fargo (NYSE: WFC) have announced they will start accepting state-issued IOUs from customers as deposit. Wells Fargo will begin accepting California’s state-issued IOUs on September... More of this article »
Bank of America Still Largest U.S. Bank
Measured by overall assets, Bank of America (NYSE: BAC) still retains its status as the largest bank in America, but unfortunately it does so because of the use of taxpayer funds to bail them out, which they still owe us. The data... More of this article »
How to Protect Yourself against Bank Failure
With 416 banks on the FDIC’s “troubled list” and 84 bank failures this year, it’s more important than ever to make sure that you are protected in the event that your bank or credit union goes out of business. It can be very... More of this article »