Banks - Blogs & Blog Posts

Fed Leaves Interest Rates Unchanged by Life 2000 on Nov 5, 2009The Federal Reserve announced today that it will keep the key federal funds and discount rates unchanged. The federal funds rate, which banks charge each other for short-term borrowing, will stay between zero and 0.25 percent. The discount rate, wh...

Bailout Banks’ Bonuses Could Surpass 2008 Levels by Boom2Bust.com on Nov 4, 2009As further testament to Washington’s strategic use of your hard-earned cash, Reuters staff wrote today: Eight major banks which were at the front of the line for government bailouts have already set aside $117.6 billion this year to pay employees,...

How a Blizzard Saved the ATM by Blogging Innovation on Nov 3, 2009by Stephen Shapiro"Build it and they will come." We hear that mantra a lot. But with innovation, it is often more like, "Solve a pain and they will come." The ultimate success of the Automated Teller Machine (ATM) is a great example of this.The other...

Pay Your Credit Cards Off On Time Every Month? You Might Be Penalized For it! by Michelle Moquin's "A Day In The Life Of..." on Oct 30, 2009Good Morning. The credit card companies are at it again. Brace yourself; here’s the latest: Latest Bank Fee Is For Paying Off Credit Card On Time Every Month By Sandra Block, USA Today You floss regularly, yield to oncoming traffic and use your...

Here We Go Again... by the BL Rag on Oct 28, 2009OK, were you among those who thought that maybe--just maybe--the big banks had learned their lesson when the "securitized" mortgage market collapsed last year?  Nah, it seems that they've been busy building the next iteration of their profit-fro...

The Bloody Financial Truth by Boom2Bust.com on Oct 28, 2009In Boom2Bust.com’s sister blog, Investorazzi.com, one of the legendary investors I stalk, um, track is Jeremy Grantham, chief investment analyst for the global investment firm he founded, Boston-based Grantham, Mayo, Van Otterloo & Co. So what...

Financial System Is Still Shaky by jobsanger on Oct 25, 2009A few months ago, the stock market was cratering and our entire financial system was on the brink of collapse. The federal government pumped billions of dollars into some of the largest financial institutions in an effort to keep them from failing...