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130 Banks, And Its Not Even Christmas Yet
56 minutes ago ago from Top Finance Blog
We've finally hit the milestone that I predicted back in September. I said there would be 130 banks closed by the end of the year, and man, if I didn't hit that with time to spare. It's the highest number since 1992, and we've still got 3 full weeks to go. On Friday, there were 6 banks closed to reach that number. The big dog this time around was AmTrust Bank in Cleveland, which is the fourth-largest U.S. bank to fail this year. AmTrust, ...
Related contentHow to Evaluate Your Next Bank
18 hours ago ago from One Money Design
A recent article in Money magazine, “If They Built The Perfect Bank”, discusses 5 characteristics of what you might love about the perfect bank. The article mentions banks need our business more than ever right now, but they are continuing to push people away because of high fees and poor service. As with most products, I think it just goes back to having good customer service and a quality product to be competitive. If one of ...
Related contentObama Pitches Jobs Program
18 hours ago ago from The Provocateur
If you wanted to see politics at its most cynical, all you had to do was listen to the President deliver his speech to introduce his latest jobs bill. First, he attacked Republicans for creating the mess and standing in the way. President Obama used his speech rolling out a stimulus-style jobs program Tuesday to point the finger at Republicans for allegedly facilitating the economic crisis and then foisting it off on his administration to ...
Related contentReal Jobs and Towns Die in Hands of Government | NewsReal Blog
10 hours ago ago from Munz\'s Place
Real Jobs and Towns Die in Hands of Government | NewsReal Blog : "Although it’s been three decades, I can still remember that phone conversation as if it was yesterday. I called to surprise an old high school friend, we were back in town. The voice on the other end was slightly hurried and nervous, “Oh what timing! I’m glad you called when you did. The phone is going to be shut off at any minute. We’re losing our house too.” We had hoped to ...
Related contentPICK OF THE DAY – WED. DEC. 9th – [JKHY] Jack Henry & Associates Inc.
6 hours ago ago from The Van Buren Report
Jack Henry & Associates Inc. [JKHY] is in a good position to capitalize on the financial institutions recovery. While the banks have bounced from their lows, many financial institutions have been pretty frugal with regard to spending. At The Van Buren Report, we think it is only a matter of time before Banks start spending more freely again. While it will not happen overnight and will not be like it was post 2008, financial institutions ...
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Stanley Kutler: Financial Oversight: There Is No Change (Again)
8 hours ago ago from Huffington Post
Stanley Kutler Even if President Barack Obama doesn't deliver the change he promised, at least he could restore basic oversight in key financial areas. The need was highlighted by a story out of Cleveland last week. On Friday, Federal Deposit Insurance Corp. regulators seized the AmTrust Bank, the fourth-largest U.S. bank or savings institution to fail in 2009. The AmTrust debacle--the FDIC had dutifully guaranteed the bank's deposits at ...
Related contentRBS Shares Lead FTSE-100 Decliners Amid Pay, Dubai Worries - MarketBeat - WSJ
16 hours ago ago from Wall Street Journal
By WSJ London Royal Bank of Scotland Group continued its downward trajectory Tuesday, dogged by market concerns on the bank's exposure to the Dubai crisis and continued speculation that its board is on the brink of resignation. The company declined to comment Tuesday on concerns about its board. At 1400 GMT, shares were down 2 pence, or 7.5%, at 31 pence, and the bank was leading the FTSE 100 fallers. The stock is just half the value it ...
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