Home » Archive for September, 2009
Is Lending Through Prosper and Lending Club a Solid Investment?
When we lend money to our friends, we will typically hand them $20 or $30 and they will pay us back a week or two later and we won’t think much of it. If the person was willing to provide you a little bit of interest, you actually... More of this article »Everything You Need to Know About Online Savings Accounts
Welcome to American Banking News’s online savings account guide. The purpose of this section of the website is to help you understand, research and choose an online savings account. What is an Online Savings Account? An online... More of this article »
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 »
What Would the United States Look Like Without the Federal Reserve?
Since H.R. 1207 was introduced by Dr. Ron Paul in Congress this February, there has been a growing movement questions whether the Fed should continue to operate without more oversight and some question whether or not the Federal Reserve... More of this article »
Bank of America Looks To Repay Gov’t Aid, Exit Loss Share Agreement
Bank of America said on (NYSE: BAC) Tuesday that it has offered to pay back a portion of the government aid it has received, which has reached $45 billion. The bank is also looking to end the loss sharing agreement it has with the... More of this article »
Wells Fargo (WFC) Announces Plans to Repay TARP Loans
Wells Fargo (NYSE: WFC) announced on Tuesday that it has developed plans to repay the funds it received under the Troubled Asset Relief Program (TARP) without diluting its existing shareholders. In October of 2008, the federal government... More of this article »
How to Determine If Your Bank is Headed for Failure
With 84 bank failure this year, it’s more important for consumers and businesses than ever to make sure that their bank is financially secure. There are signs that a bank is going to fail and you can make sure to switch banks before... More of this article »
Bank of America Brings on Thomas Montag to Turn Around Overseas Operations
Bank of America (NYSE:BAC) recently hired a new corporate and investment banking chief—Thomas Montag and he’s already facing a major test: steadying Bank of America’s tumultuous and turmoil-ridden operations overseas which were... More of this article »
Citigroup Continues to Shed Toxic Assets, Adds Commodity Traders
Although Citigroup (NYSE: C) should have been allowed to fail, since that wasn’t allowed to happen, it is at least instructive to follow what they’re doing in attempts to survive and strengthen itself. When measured by... More of this article »