Home » Archive for November, 2010
How to Get Approved For a Loan on Lending Club.com
Many people that want to consolidate their credit card debt have been taking advantage of low-interest fixed rate loans that have been offered by Lending Club, a California-based lender whose loans are funded by members on its website.... More of this article »
Blackstone Planning to buy Egg Banking from Citigroup (NYSE: C)?
Blackstone Group LP may be on a buying binge, at the right time. While the financial crisis has ravaged many of the large institutions, many of them have been forced to sell of assets in an effort to raise capital and turn their focus... More of this article »
Fed New Dividend Plan to Effect JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Citigroup (NYSE: C), and Others
Since the financial crisis of 2008, the major U.S. banks have slashed dividends in an effort to retain capital and improve operating conditions. This has contributed to the stock’s declines, as investors continue to clamor for dividends... More of this article »
Goldman Sachs (NYSE: GS) Announces New Partners
Although the firm is now formed as a Corporation, and a large public corporation in fact, the highest rank an employee can achieve remains the title of “Partner.” Partner stokes a throwback to a different time, when an employee... More of this article »
Lending Club Hits $180 Million in Funded Loans
Lending Club, a California-based peer to peer lending company, has now setup more than $180 million in loans between investors and borrowers on its website. As of November 13th, 2010, Lending Club has setup $180,723,825 in loans between... More of this article »
Citigroup (NYSE: C) Showing Positive Signs, Unscathed from Latest Mortgage Debacle Plaguing Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM), and Wells Fargo (NYSE: WFC)
It is no secret that Citigroup (NYSE: C) was on the ropes. At the height of the financial crisis, they were one of the most vulnerable banks, with high exposure to toxic debt and a basket of illiquid investments. Now though, nearly... More of this article »
Debt Worries Continue to Plague Europe
The Financial Times reported earlier today that bailout worries exist on the sovereign debt for at least three European nations. Greece, Portugal, and Ireland remain in a precarious situation while functioning at very high debt to... More of this article »
Lending Club’s IRA: What You Need to Know
If you have an interest in investing in consumer debt, but aren’t terribly excited about paying ordinary income tax on the money that you make in your Lending Club account, you might want to consider the IRA option that Lending Club... More of this article »
Lending Club to Hold Investor Webcast
Lending Club, a California-based peer to peer lending company, will be holding an “investor forum” web-cast on Thursday, November 18th at 4:00 PM PT. Lending Club Executive Sam Kasle announced the web-cast on Lending Club’s blog,... More of this article »
Comparing an IVA and Bankruptcy
Filing bankruptcy in the United States is a means for those that are over their head and debt to get a financial restart. The impression that many have is that those that file bankruptcy end up not paying any of their debt and walk... More of this article »
Bank of America (NYSE: BAC) Still Risky Investment
Bank of America (NYSE: BAC) continues to be a difficult read. The stock has posted gains of nearly 12% since hitting their 52-week low in late October amid the mortgage foreclosure debacle. The firm’s shares have also outperformed... More of this article »
JPMorgan Chase (NYSE: JPM) Launching Mortgage Program in Detroit
The meltdown in the housing market has devastated homeowners across the country, and coupling that with rising unemployment rates and high rate resets on adjustable rate mortgages and you have a recipe for disaster. The banking industry... More of this article »
Investors Returning to Hedge Funds
The wealthy customer is a peculiar breed in banking. They are coveted by all the major banks and financial institutions, and seemingly have the knowledge and wherewithal to be educated on and profit from the best opportunities. Due... More of this article »
Debt Management Tips in a Post Recession World
If you’ve found yourself in a situation where you have a lot of consumer debt such as car loans, home equity loans or credit card debt, you’re not alone. As the unemployment rate has risen consumers have becoming increasingly concerned... More of this article »
As Bank Defaults Mount, Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Citigroup (C), Could Have to Pay More Into FDIC Fund
Reuters is reporting on a new proposal issued by U.S. regulators on Tuesday that would require large banks to pay more into a government fund used to cover the cost of seizing failed banks. Bank of America (BAC), JPMorgan Chase &... More of this article »
Bank of America (NYSE: BAC), PNC (NYSE: PNC) Sell $8.3 Billion in Blackrock Inc. NYSE: BLK) Stock
Bloomberg and Reuters are reporting that Bank of America Corp. (BAC) and PNC Financial Services (PNC) have sold a large part of their stakes in BlackRock, Inc. (BLK), the world’s largest asset manager. The sale was the largest public... More of this article »
Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM) Lead Rise in Bank Stocks
Street Sweep is reporting that stocks in the financial sector are enjoying rapid growth, with Bank of America (BAC) and JPMorgan Chase (JPM) leading the charge. However, with the unexpectedly positive jobs report on Friday coming on... More of this article »
“Fishing Where The Fish Are.” Regions Financial Inc. (NYSE: RF) Highlights the State of Small-Business Lending
As reported in the Wall Street Journal, banks continue to look at factors like positive revenue growth as their criteria for issuing loans. However, the report by the Federal Reserve in New York also shows that many banks are paying... More of this article »
Under Pressure Again, Bank of America (NYSE: BAC) Rejects Requests to Repurchase Mortgages
Bank of America (BAC) has rejected a request to buy back $47 billion dollars in soured mortgage loans originated by Countrywide, who they bought in 2008. In an article on FDL.com, David Dayen reported that Bank of America’s rejection... More of this article »
There’s an App for That. Bank of America (NYSE: BAC), Citigroup (NYSE: C) Said to be Testing iPhone For Secure E-Mail
Two of the nation’s largest banks are said to be in a testing phase that could lead to Apple Inc.’s (NASDAQ: APPL) iPhone breaking the stranglehold in the corporate smartphone market. Bloomberg News is reporting that Bank of America... More of this article »