Archive for the ‘banking’ Category
Tuesday, January 6th, 2009
Wells-Fargo & Co. completed their $12.7 billion acquisition of Wachovia Corp. this past Friday. The California-based bank now heralds itself as “one of the strongest financial companies in the nation and America’s #1 small business leader” and can now lay claim to over $14 trillion in assets.
The move puts Wells-Fargo ...
Posted in banking, economy, finances, investments, money | No Comments »
Wednesday, November 19th, 2008
American Express made their announcement to the world that they are becoming a bank. With credit failure and consumers spending crashing, American Express decided to dive into the world of banking in order to stabalize themselves financially using government bailout.
The Federal reserve approved the company's request which will now lead ...
Posted in banking | 1 Comment »
Friday, November 14th, 2008
The news has been dominated in recent weeks by talk of the massive government bailout of the commercial banking industry. The government didn’t just throw this money around aimlessly, though. Instead, they have slotted the funds for the 9 banks of the bailout, which are all in desperate need of ...
Posted in banking | 1 Comment »
Tuesday, October 28th, 2008
The Federal Reserve, simply put, is the central banking system for the United States. The Federal Reserve is ran by an appointed board of governors, and is located in Washington, D.C. These individuals are chosen by the acting President. The Federal Reserve itself is composed of the Board of Governors, ...
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Friday, September 5th, 2008
As just about everyone knows by now, there's a credit crisis going on in the country that doesn't look like it's going to end any time soon. The economy is dragging, debt is at an all time high, homes are being repossessed, families are losing their savings, and the stock ...
Posted in banking | 1 Comment »
Monday, January 14th, 2008
When midnight struck and calendars were flipped from December 31, 1999, there was great concern about whether or not banking systems and computers would make the transition to the new century. Thoughts of widespread use of online banking were definitely few and far between. Today, just 8 short years later, online ...
Posted in banking, finances, money, money management | No Comments »
Thursday, January 10th, 2008
I admit it. Since debit cards have become readily accepted, I rarely have cash. I like the fact that I can use a debit card for $3.51 or $351, whatever the situation calls for. And I like NOT having to think about whether or not I need to go to ...
Posted in banking, credit cards, finances, money | No Comments »
Monday, January 7th, 2008
According to the Federal Reserve, the number of debit card transactions is increasing by more than 20% each year. Debit cards seem to be the ideal balance between carrying cash and using credit cards (i.e. increased debt and interest charges). After all, don't debit cards look, act and get accepted like credit ...
Posted in banking, budgeting, credit cards, finances, money, money management | No Comments »
Thursday, November 15th, 2007
Most, if not all, of us are familiar and comfortable with some form of electronic payments, even if we don't always realize it. Credit and debit transactions are electronic payments and rarely a day goes by when we don't make at least one of those! In truth, ANY non-cash financial ...
Posted in banking, finances, money, money management | 1 Comment »
Monday, September 10th, 2007
"Mr. Gage? Dr. Banks is ready for you."
DR. BANKS: What seems to be the problem today?
M. GAGE: I am worried about losing my house. My house payment is going up - a lot!
DR. BANKS: Tell me about that.
M. GAGE: Well, when I bought my ...
Posted in banking, debt, finances, money | No Comments »