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Federal Agents Raid Florida Bank
In what appears to be a suspicious move by the office of Neil Barofsky, the special inspector general for the Troubled Asset Relief Program, federal agents swarmed two Florida banks Monday after a deal last week that didn’t work... More of this article »
Five More U.S. Banks Shut Down by Regulators
Along with First BankAmericano in Elizabeth, N.J, which American Banking News reported on over the weekend, four more banks were closed late on Friday to close out a rugged July for the industry, bringing the total bank closings for... More of this article »
House Passes Bill Too Limit Wall Street Compensation, Give Shareholders Say
The U.S. House of Representatives passed a bill on Friday that will give regulators additional power to limit compensation of banking and financial institution executives. The move comes in an effort to minimize the incentives for... More of this article »
Finding High Yield Savings Accounts Through Bankrate
There’s no reason to settle for a tiny interest rate with your savings account, when with a couple of clicks of your computer mouse you can find you the best rates available out there that are insured by the FDIC through bankrate.com. All... More of this article »
New Jersey Bank Forced to Close by Regulators
For the second time a New Jersey bank was forced to shutter its doors, as State and federal regulators closed First BankAmericano, a small community bank based in Elizabeth. The other New Jersey bank shut down was Citizens Community... More of this article »
FDIC’s Closure Of Security Bank Corp. Brings 2009 Total To 58
The FDIC broke its streak of weekly bank closures on Friday, failing to report any bank seizures this week for the first time in 2009. Last Friday’s closure of Security Bank Corp., headquartered in Macon GA, was the latest and... More of this article »
Built Up a Reserve Fund Before Anything Else
When working as a financial manager for people throughout the years, one of the things that was difficult to convince most who wanted to get a handle on their finances, was the number one thing you must do to start off with to lay... More of this article »
How to Shop For a Savings Account
Savings accounts can be used for both short term and long term savings goals, although you may need to have more than one account in order to benefit most from interest rates and account features. Before shopping for a savings account,... More of this article »
New Bill Would Empower FDIC to Wind Down Bank Holding Companies
New legislation described as an “interim” measure was introduced by Republican Bob Corker and Democrat Mark Warner to give the Federal Deposit Insurance Corp. power to wind down bank holding companies. What the bill was... More of this article »
Did Taxpayers Pay $33 Billion in Bank Employee Bonuses?
New York Attorney General Andrew Cuomo released data today that revealed almost $33 billion in bonuses were awarded to bank employees of nine banks which received taxpayer aid money, with over $1 million each to almost 5,000 bank workers,... More of this article »