drake / Upcoming
Good discussion of some of the lesser known banking products that can earn you a little higher interest in this low-interest-rate environment.
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The Series I Savings Bond currently has a composite rate of 5.64%, and it's available through April 2009. This rate is much higher than you can get [...]
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Most auto insurers take credit scores into account in determining rates. This is impacting consumers especially hard in these tough economic times, a[...]
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The Fed's Treasury investment has pushed down interest rates and created good deals for mortgage-seekers.
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The FDIC announced late yesterday that it had completed the sale of IndyMac to OneWest Bank, FSB. For those who have IndyMac CDs, there are some impo[...]
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Nouriel Roubini, aka Dr. Doom, described his response when a reporter asked him to comment on the historical significance of Bernie Madoff. Dr. Doom [...]
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John Bovenzi, the Chief Operating Officer of the FDIC said in a committe hearing to the US House that the cost to the FDIC to ensure bank failures will likely cost more than the original prediction of $40 billion over the next four years.
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DollarSavingsDirect lowered its savings account yield today from 4.00% to 3.50% APY. They had avoided a rate cut longer than any other major online s[...]
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Ken Lewis saved Angelo Mozilo from doing a perp walk, and gave Merrill sweetheart deal of century, but also took down the largest financial instituti[...]
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National Bank of Commerce in Illinois was closed today by the Office of the Comptroller of the Currency, and the FDIC was named receiver.
It didn[...] read more »
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It's a legitimate deal with some creative marketing. The bank is actually Bank of the Wichitas which is based in Oklahoma. The bank created the webs[...]
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Since we'll likely see many more bank failures in 2009, I thought it would be useful to review the 25 bank closures of 2008 from the point-of-view o[...]
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With the historic rate cut by the Feds, banks have begun slashing deposit rates. There are still some opportunities to lock into a high rate but most[...]
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You weren't even able to sniff out Madoff's $50-billion Ponzi scheme in your own backyard. If you are short on staff, why are you wasting them on c[...]
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In principle I am not in favor of this automaker bailout. But that's not what's irking me. What's bothering me is the relative ease with which th[...]
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