Home » Archive for October, 2009
Mortgage Interest Rates Dip Below 4.00%
With the Federal Reserve and various government organizations sending artificial support into the mortgage market, interest rates have reached record lows. Interest rates have hovered between 4 and 5% and now one bank is offering an... More of this article »
Citigroup (NYSE: C) Completes $8.7 Billion Sale of Japanese Investment Brokerage
Citigroup (NYSE: C) has finalized the sale of its Japanese brokerage form to Sumitomo Mitsui Banking Corp. as part of an $8.7 billion deal that advances Citi’s restructuring efforts designed to shrink the size of the company and... More of this article »
First Time Homebuyer’s Tax Credit Set to Expire November 30th
The wildly popular first-time homebuyers tax credit that was included as part of the American Recovery and Reinvestment Act is set to expire on November 30th. The first-time homebuyers tax credit has been wildly popular, so much so... More of this article »
Editorial: Bernanke Caves on Obama’s Provision of Adding More Power to the Fed – Is it Real or a Ploy?
Growing pressure on the beleaguered Federal Reserve has Federal Reserve Chairman Ben Bernanke backpedaling on his original desire to see the Federal Reserve invested with even more power concerning oversight of “systemic risk.” Even... More of this article »
Citibank Declares 30-Day Payment Holiday to Philippine Customers
For the first time since it has had a presence in the Philipines, Citibank (NYSE:C) has declared a 30-day payment holiday for it Citibank Savings personal loan borrowers, as well as those holding credit cards with the bank who live... More of this article »
Consumer Advocate, Clark Howard, Offers Advice to Fix the Banking System.
With talk of a new consumer financial regulatory authority and other significant reforms to the nation’s financial system, consumer advocate and radio host, Clark Howard, recently weighed in his suggestions to fix the nation’s... More of this article »
October Marks 1 Year Anniversary of Global Financial Crisis
It’s been a little over a year since Lehman Brothers went bankrupt and the world’s financial crisis teetered on the verge of collapse. The stock market was in a free fall, bank failures were happening all over the place and many... More of this article »
The FDIC is Out of Money – Now What?
Now that the FDIC has effectively admitted they’ve run out of money in the Deposit Insurance Fund, what does that mean to for the banking system in the U.S., and the consumers and businesses using them? First we have to understand... More of this article »