Archive for September, 2009
Citibank (NYSE: C) Plans to Sell Remaining Smith Barney Stake to Morgan Stanley
Citibank/Citigroup (NYSE: C) CEO, Vikram Pandit, says that Citi will eventually sell its remaining stake in its Smith Barney brokerage venture to Morgan Stanley (NYSE: MS), which currently owns the other half. Smith Barney is a division of Citigroup Capital Markets Inc and is currently one of the United States’ largest retail brokerage firms. Smith [...]
Receive a $25.00 Deposit Bonus for Signing Up with Lending Club
If you’re looking for an alternative investment vehicle than stocks, bonds and real estate, becoming a lender with Lending Club, Prosper or another peer-to-peer lending site can be a great way to diversify your portfolio. Many successful lenders have averaged interest rates of over 12% since the industry gained prominence in the investment world. Being [...]
Will New Song Title Be – I Left My ‘Home’ In San Francisco?
It won’t be long before Alt-A loans – which are ARMs or adjustable rate mortgage loans – will begin to come due, and one of the most vulnerable locations in the country will be San Francisco, and a couple of other surrounding areas. One report says, “Of the 10 metro areas nationwide with the most [...]
American Banking News Announces Free Online Savings Account Guide for Consumers
American Banking News is proud to announce the release of a comprehensive guide for consumers that are looking to get a better return with their savings account. Everyone should have some amount of cash in liquid savings, whether it be a money market account or a high-yield savings account, to take care of unexpected expenses [...]
FHA Capital Reserve Ratio To Drop Below Federal Mandate
The Federal Housing Authority announced last week that its capital reserve ratio would drop below mandatory levels for the first time in its 75-year history. The news comes just weeks after the Obama Administration launched a program to assist FHA borrowers that are behind on payments, a program that is set to only help a [...]
Account Reviews: iGObanking’s 1.67% APY High-Yield Savings Account
Update 10/5/2009: IGO Banking has dropped their interest rates to 1.56% iGobanking.com, a division of Flushing Savings Bank (NYSE: FFIC), is offering a 1.67% APY high-yield savings account. I-GO-Banking’s online savings account offering is very similar to other online savings accounts in that it requires no minimum balance and charges no monthly account fees. The [...]
Account Reviews: Bank of Internet’s 1.65% APY and 1.75% APY High Yield Savings Accounts
Bank of Internet USA, one of the oldest pure online banks, is offering two competitive high-yield savings accounts offering 1.65% APY and 1.75% APY respectively. The first offering, the Advantage Savings Account, offers a 1.65% APY interest rate and offers a free limited electronic bill payment service. The account allows you to make up to [...]
Wells Fargo Gets Top Mobile Banking Rating from ABI Research
Wells Fargo’s (NYSE: WFC) mobile banking service received an “Exceptional – A” rating from ABI Research based on their U.S. Banks Report Card. ABI does market research in relationship to emerging technology around the globe. The mobile intelligence gathered from mobile banking programs was based on several categories – reach, breadth of services offered, security, [...]
Account Reviews: Get $100 for Opening Sovereign Premier or Interest Checking Account
Sovereign Bank has renewed its signing up for a checking account bonus from the first quarter of 2009, with another incentive of $100 for opening an account with them. You can open either a Premiere Account or an Interest Checking Account to receive the reward. In order to qualify for the $100 Premiere or Interest [...]
Twitter Weekly Updates for 2009-09-20
Tales From Lehman's Crypt – New York Times http://tinyurl.com/pcedmy #Econ # New blog post: Editorial: Illusory Economic and Banking Recovery Continues – Right? http://bit.ly/ioB9A # Dolphins Owner Ross Looks To Acquire Failed Bank, Receives … – American Banking News http://tinyurl.com/ont39v #Econ # Downfall of the banking 'masters' – BBC News http://tinyurl.com/pc8c4q #Econ # Wells Fargo [...]
Two Irwin Union Bank Subsidiaries Fail – Costing Deposit Insurance Fund another $850 Million
Two more banks were shuttered this week, as Irwin Union Bank subsidiaries based in Indiana and Kentucky were closed down by regulators, bringing this years total bank failures to 94, and costing the Deposit Insurance fund another $850 million. According to the Federal Deposit Insurance Corp. the two closings were Irwin Union Bank and Trust [...]
Editorial: Will European Banking Regulators Soon Be Running American Banks?
The recent proposal by the Federal Reserve to assign itself powers to continue to interfere in the free markets provides another reason they seriously need to be reined in, and why, as Ron Paul says, we must “End the Fed.” Even with their unprecedented grab for more power, there is a growing opposition to their [...]
Wells Fargo Under Increasing Scrutiny Over its Assessment of its Loan Portfolio
Wells Fargo’s (NYSE:WFC) leadership is coming under increased scrutiny as its interpretation of its loan situation in contrast to its shareholders, analysts and outside examiners brought in to go over their books is diametrically opposed, with some thinking the top executives at Wells Fargo could be “delusional.” The management at Wells Fargo assert that the [...]
Credit Unions Look to Move to Private Insurance as NCUA Charges New Insurance Fees
Several boards of directors in credit unions across the nation have been voting to convert their credit union’s share insurance provide from the federally-backed National Credit Union Association (NCUA) to the privately backed American Share Insurance (ASI) because of the high-premiums the NCUA Share Insurance Fund has had to charge because of the financial crisis. [...]
JP Morgan Chase Launches its Chase Blueprints to Help with Financial Management
JP Morgan Chase (NYSE:JPM) has released it Chase Blueprint initiative via its Chase Card Services unit, which is built to help consumers better manage their personal finances. What Chase Blueprint empowers a Chase customer to do is have access to two pay options called “full pay” and “split” option. With full pay the customer pays [...]
worst video player ever- after over2:00 there's still no video appearing 