Bank of America has announced that it will end overdraft fees on debit transactions. But although it seems to be a move that will benefit the little guys, it puts BofA in a position to make money money.
How will losing all those overdraft fees that the bank would collect help the bank? Simple, you cant [...]
Banks
BofA To End Overdraft Fees
Banks
Paying To Not Pay
The Senate this month could finally bring closure to two big domestic issues, financial regulation and health care reform, and in the process crown some of the biggest winners and losers in this Congress.
Take the case of JPMorgan Chase. It spent more than $5 million lobbying Congress last year and has already doled out nearly [...]
Banks
Its Greek to the Greeks
As Greece faces up to the agony of its financial crisis, there can be only one way out. The country must look to the wisdom of its ancestors; not to learn from it, but to sell it.
Greece’s problem is that it has borrowed more than it can afford to pay back. Yet as the cradle [...]
Banks
Inflation Anyone?
There’s a lot of talk, worry, concern, focus, and in some cases even anticipation of some massive wave of inflation that’s suppose to wash over the US economy. I don’t personally think most of those people know, or at least fully understand what they’re talking about. Granted there otherwise would be some validity [...]
Banks
Santander ‘floating’ Towards London
Santander, Europe’s biggest bank, is reported to be considering floating on the London stock exchange – a move that would probably be accompanied by a branch-buying spree.
The Spanish group, which has subsumed Abbey, Alliance & Leicester and Bradford & Bingley, is expected to be a long way off taking such a decision.
Other options include seeking [...]
Banks
Bank Failures On The Rise?!
SAN FRANCISCO — The continuing fallout from bad loans made in the good old days means even more U.S. banks will fail in 2010 than 2009, despite what some claim is a recovering economy.
That’s the prediction of bank analysts who see as many as 200 institutions closing this year, at a potential cost of more than $50 billion to taxpayers, [...]
Banks
G7 In Canada
IQALUIT, Canada (Reuters) – Finance chiefs from the world’s rich powers took a close look at European debt problems at an Arctic summit, and a senior official said Europe was determined to solve its problems without the International Monetary Fund.
“We talked about Greece, Portugal and Spain and we told our partners we had to solve [...]
Banks
To PIN Or To Sign? There is a $ Difference!
Every day, millions of Americans stand at store checkout counters and make a seemingly random decision: after swiping their debit card, they choose whether to punch in a code, or to sign their name.
It is a pointless distinction to most consumers, since the price is the same either way. But behind the scenes, billions of [...]
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