While big banks like Bank of America, Wells Fargo, Citibank and others continue to attract more deposit in the fourth quarter, many American are suddenly moving their money to smaller banks out of principal.
General public anger over taxpayer bailouts and big bonuses is one reason. The other is that according to recent survey, the [...]
Browsing the archives for the News category
10 Feb 10
Posted in Bank of America, Citibank, Information, News
9 Feb 10
According to a New York Times article, the least trustworthy banks are, in the order of first to last:
Bank of America, Chase, Capital One, TD/Commerce, Fifth Third, Citibank, and in last place, HSBC.
The survey ranked 50 financial institutions in the United States by the percentage of each firm’s customers who agree with the statement: “My [...]
Posted in Bank of America, Citibank, News
16 Jan 10
Many people unknowingly pay a lot to their banks in the form of fees. If you don’t know what fees your accounts are subject to, spend a few minutes finding out. Some banks charge ATM fees for using another bank’s ATM, for example. These can be as high as $5! This amounts to a 25% [...]
Posted in Information, News
4 Jan 10
The new CEO of Bank of America, Brian Moynihan began his first day on the job today. In his speech to shareholders, he announced that Bank of America was continuing to recover from the financial crisis but will remain cautious even as it expects to grow in 2010.
Moynihan takes over at time when the [...]
Posted in Bank of America, News
2 Jan 10
The Treasury Department said Thursday that it pumped $29.3 million into 10 banks to shore up their financial system. The aid came from the $700 billion TARP design to help failing banks.
The banks receiving the latest outlay are: Atlantic Bancshares Inc. in South Carolina; Union Financial Corp. in New Mexico; Mainline Bancorp Inc. in [...]
Posted in Information, News
1 Jan 10
A popular blog cause an uproar when it urged its readers to move their deposits from large banking institutions like Bank of America, Chase, Wells Fargo, and Citibank to community banks and credit unions.
Many people have despised what the big US Banks how done in the last few years. Many blame a large portion [...]
Posted in News
