July 2010
2 posts
Only the Shadow Banking System Knows →
WSJ- The End of Community Banking →
sds:
hilker:
jessarmentrout:
Creditworthy borrowers will be denied loans as small banks devote more and more energy to regulatory compliance.
April 2010
3 posts
i fucking hate natwest online banking
vanityxo:
WHY ARE YOU SAYING IM ENTERING THE WRONG PASSWORD
DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE DIE FEJLS;DOR[‘PO4HE
Citigroup Execs: We’re Sorry →
ihatethismess:
Should make for some good public theater: Chuck Prince and Robert Rubin, two former Citigroup execs, are testifying before the Financial Crisis Inquiry Commission on Tuesday. “I can only say that I am deeply sorry that our management – starting with me – was not more prescient and that we did not foresee what lay before us,” said Prince, who resigned as CEO of Citigroup in 2007....
March 2010
2 posts
1 tag
BofA to start reducing mortgage principal -... →
sunsmudge:
Bank of America, the nation’s largest mortgage lender, announced a program Wednesday to offer homeowners who owe significantly more than their homes are worth the opportunity to have their loan balances reduced.
The program, which starts in May, would potentially help about 45,000 homeowners across the country. In launching the effort, Bank of America is jumping into the debate about...
August 2009
3 posts
1 tag
The Future of Banking? Deposit Checks via iPhone →
July 2009
2 posts
New Hampshire man charged 23 quadrillion dollars... →
fatsy:
Bank of America tells WMUR-TV only the card issuer, Visa, could answer questions. Visa, in turn, referred questions to the bank.
Japan caught dumping US Treasury Bonds →
spacepants:
financegeek:
azspot:
“Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable. If you are left holding Bonds or Dollars, you will likely be...
June 2009
3 posts
Regulators shut 5 more banks; 45 failures this... →
A Virtual Bank With Real Woes | NYTimes.com →
shadowfirebird:
‘Another big bank is the subject of a depositor run amid charges its chairman has run off with customers’ money. Thankfully, this scandal is taking place in Eve Online, a space-age virtual reality created by CCP, a games developer and Iceland’s coolest company. But these troubles in the ether may offer some valuable lessons for earthly banking and regulation.’
(Via The Morning...
“The government stands to earn even more when it sells the stock warrants it...”
– Bank bailout turns out to have been good business for U.S.
May 2009
1 post
April 2009
8 posts
PIN Crackers Nab Holy Grail of Bank Card Security →
(via oxyidiot)
Starting a Disruptive Bank
pegobry:
johncarney:
Over at Clusterstock, we give a lot of thought to the future of banking. So many banks have gone bust this year that there seems to be an opportunity for starting a bank that would run very differently.
One obvious strategy would be to radically change the online banking experience. Most bank websites are clunky and unfriendly. The user experience could be vastly...
Banks not allowed to repay TARP money - Obama... →
bowlingalleylawyer:
billda:
Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He’s been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the...
March 2009
2 posts
I LOATHE the BankofAmerica...
dominilucy:
Thank you for jerking me over fuck faces.
Desperately Protecting A.I.G.’s House of Cards →
azspot:
To be sure, most of A.I.G. operated the way it always had, like a normal, regulated insurance company. (Its insurance divisions remain profitable today.) But one division, its “financial practices” unit in London, was filled with go-go financial wizards who devised new and clever ways of taking advantage of Wall Street’s insatiable appetite for mortgage-backed securities. Unlike many...
February 2009
3 posts
FT.com / US / Politics & Foreign policy - Bank... →
continuum:
Long regarded in the US as a folly of Europeans, nationalisation is gaining rapid acceptance among Washington opinion-formers – and not just with Alan Greenspan, former Federal Reserve chairman. Perhaps stranger still, many of those talking about nationalising banks are Republicans.
Bank of America CEO Kenneth Lewis is losing fans... →
He earned $24.8 million in total compensation in 2007, according to a regulatory filing. The CEO and wife Donna live in an 8,537-square-foot home in Charlotte valued at $1.87 million, property records show. They own vacation homes in Aspen, Colo., and Blowing Rock, N.C. Lewis has owned sports cars including a 2008 Mercedes-Benz two-seater, a 2007 Porsche 911 Turbo and a 2003 Porsche 911, according...
January 2009
2 posts
“I believe that banking institutions are more dangerous to our liberties than...”
– Thomas Jefferson, 1802 (via hellovagina:babydeer) (via vruz) (via seashelllz)
December 2008
5 posts
Five Banks Are Robbed in Single Day in the City →
jstn:
“It’s the season,” he said, “plus the way the economy is, they think we’re soft.”
Best Bank Rates in Arizona
livejamie:
I was shopping around for a new bank account and decided to do a little research. I found that a couple of the credit unions around here have some pretty sweet deals on free checking accounts.
What’s there to lose?
Arizona Bank and Trust - 5.01% Credit Union West - 5.01% APY First Credit Union - 3.15% APY Desert Schools Federal Credit Union - 3.00% APY
Everybody else is pretty much...
November 2008
1 post
Instead Of Bailing Out Broken Banks, Why Not Build... →
(via kodewulf)
October 2008
2 posts
“I believe that banking institutions are more dangerous to our liberties than...”
– Thomas Jefferson (via azspot)
September 2008
2 posts
Bank failure and cooties
hilker:
jeffmiller:
squashed:
The truth is, dealing with large private industry can be at least as frustrating as dealing with the government. The government can be corrupted—but nowhere near as easily as private industry. The government can be an incompetent, blundering giant, but we can find a few of those in private industry as well. The government has no monopoly on incompetence.
What...
August 2008
1 post
Overdraft "protection" and bank customer service →
July 2008
3 posts
“There was a problem processing your request.
* An error occurred in the...”
– Bank of America | Account Activity [actual URL removed, duh]
June 2008
2 posts
WatchFirst Citiwide Change Bank
via The 50 Greatest Commercial Parodies of All Time
hat tip VSL
Beware of Error Messages At Bank Sites →
(via thedaytheytriedtokillme)
May 2008
1 post
“I went for a long time without any problems until one day an uncommon situation...”