Bankers are not easy to love. In fact, from the mean old man in “It’s a Wonderful Life” to the bonus-baby CEOs who put the world through the financial crisis a few years ago, bankers have become a class of citizen that people love to hate. Like a lot of hatred, though, that sentiment might [...]
Archive for the ‘Banking’ Category
Capital One has been a major player in the credit-card arena. They expanded into the retail-banking space by acquiring three regional banks — Hibernia, North Fork and Chevy Chase Bank. They became one of the ten largest banks in the nation based on deposits after acquiring ING Direct.
ING Direct was one of the most popular online [...]
American Express is a brand that is almost synonymous with credit cards, but in recent years they have also built a sizable base of deposit customers. By offering very competitive online savings rates, American Express Bank has grown its deposits from $7.2 billion to $26.5 billion in just five years.
American Express Bank is part of a [...]
This article is by staff writer Jeffrey Steele.
Personal finance gurus have long warned that we Americans have a nasty problem. We spend too much and save too little. Not only do we not look for the best savings accounts, or check on savings account rates, or seek high interest savings accounts, many of us don’t [...]
This post, written by Anthony Fontana, is from out partner site QuickenLoans.com.
Nobody likes wasting money, do they? Actually, according to a news report from Moebs Services, banks, credit unions and thrift institutions made $32 billion on overdraft fees in 2012. That’s right, $32,000,000,000! That’s a lot of zeros.
The 2012 numbers represent an increase of $400 million, [...]
This post is from staff writer Richard Barrington.
I was recently interviewed on the subject of online banking, and the reporter asked a very direct question: is online banking better than traditional branch-based banking?
It’s a fair question given the information we were discussing. This included surveys from MoneyRates.com that show online banks consistently having higher money market [...]
Last fall, an odd couple – American Express and Walmart – introduced the Bluebird card, a debit card with almost no fees and with the member benefits of an American Express card.
Cardholders can add money to the card via direct deposit, transfers, cash at Walmart or check. The card can be used anywhere that accepts [...]
Not sure how I missed this, but the WSJ reported last week that Ally Financial recently failed one of the Fed’s stress tests. They tested the 18 biggest banks in the country and 17 passed.
Apparently their “Tier 1 Common” ratio came in too low (1.5% vs. a required 5%), though they have responded that the [...]
As a followup to Friday’s post about bank failure rates, I thought I’d highlight a recent MoneyRates.com analysis of the best and worst states for banking.
They rates banks based on customer satisfaction, stability (state-by-state failure rates), availability of high interest rates, and size of the banking community (more choices is better).
The top ten were:
It’s been awhile since I’ve talked about failed banks. Back in the height of the financial crisis, bank failures were all the rage and the media couldn’t stop talking about it. But we don’t hear about it nearly as much anymore.
Is that because bank failures have slowed down? Or because we’ve become immune to the [...]
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Ethanol Blended Gas = Lower Mileage?
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Buying Furniture off the Back of a Truck
- Will Mac OS X Lion Kill Quicken 2007?
How to save money on insurance
- Do You Know About This Movement?
- Why Do You Shop?
- Who's the Boss of Your Finances?
- Silence Not Golden in Intergenerational Family Finance
- The Cost of More
- 5 Creative Backyard Summer Activities for Kids
- What to do When the Stock Market Crashes
- How We Use Our Time
- Tips for First-Time Campers
- A Pearl of Wisdom About the Burden of Wealth