Everyone might not see it this way, but I think this is a pleasant surprise.
Bank of America has taken the proactive step of saying that they’re eliminating overdraft fees on debit card purchases. Well, that’s kind of a misnomer, but it works for the moment.
What they’re going to [...]
Last August I wrote a post talking about this study that said 416 banks were in trouble. It seems that the news is much worse about six months later, as the prediction now is that 702 banks, which is one out of every 11 banks in the country, are in [...]
With the new credit card legislation came another new provision that effectively takes a lot of non-voluntary money away from banks.
Overdraft fees were a big thing for banks. At some point, they started charging fees to people while still paying bills if you happened to go over your limit. [...]
I don’t know why, but I’m almost insulted by this.
It seems that not only are the rest of us worried about interest rate hikes, the banks are also worried about interest rate hikes. Why is that?
Because it seems that while many people haven’t been able to take advantage of the interest [...]
On Friday, the stock market took another big nose dive for the third day in a row. The Dow Jones dropped 217 points after President Obama’s speech, where he said that he wanted to have tougher regulations on banks that come up with tricks to help make their profits rise, [...]
On the heels of the bad news from Citigroup regarding their bad 4th quarter and good news from Chase regarding their 4th quarter, I decided to combine some of the reports from the rest of the bank’s all in one post just to get it all over with certain move on [...]
I tell you, it’s so strange trying to figure out finances and the stock market sometimes. The story about JP Morgan Chase gives us a dichotomy of fortunes that are somewhat incomprehensible when you’re trying to understand how some of these people who play the stock market think.
Chase stated that [...]