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Bank of America has a terrible 2011. They had to give up a lot of their foreclosures, got bad press because they tried to raise rates on checking and the use of debit cards, and their stock price fell so low that it almost went below $5 a share. I haven’t been a big fan [...]
A few weeks ago I wrote my opinion here on the Occupy Wallstreet protests that are popping up everywhere. My major gripe is that, because people said they wanted it to be a “leaderless” campaign, it had no direction, and thus no real plan on what changes people wanted or any ideas on how to [...]
Can someone please explain to me why people are still using Citibank, Bank of America, and any other large multi-national corporation bank in America? Last week’s news brought with it stories that said Bank of America was going to start charging a $5 a month debit card fee, even if you’re using your card as [...]
I have a story to tell. Back in 2005 I was consulting in Westchester County in New York state for many months. One evening I decided to go to one of the large malls in the area for dinner. I decided to wait until I got to the mall to get money to pay for [...]
Bank of America seems to be imploding. From the time when they were first bailed out until last week when they announced they were laying off around 40,000 employees, they’ve struggled to get back to the prominence they held before things started to go haywire. Not that no one believes they didn’t know what was [...]
Last year there were more bank closures than there were in 2009, which was a horrible year. The last time I talked about bank closures, which was around the middle of February, there were 18 closures, and by the end of the month there were 23 for the first two months of the year. Since [...]
Is the economy starting to stabilize? Some statistics say yes, some are questionable. I figure one quick way to take a quick pulse reading is to look at bank closures so far in 2011. To date, we’re sitting at 18 banks that have been closed. Last year at this time we had only 16 banks [...]