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AmericaNet Bank is the online division of All America Bank, a small Oklahoma Bank with assets of $156 million. The bank offers a high yield checking and savings accounts as well as competitive...
Acacia Federal Savings is based in Viriginia and serves the great Washington DC metro areas. It is a division of Acacia Life and had assets of $1.6 billion as of the end of 2007. Bauer Financial...
GMAC today issued a statement commenting on the filing of its once parent corporation General Motors. The statement shows that while the financing company does have exposure to GM, the terms of...
Clear Sky Accounts is a new online banking division from Chesapeake Bank, a $529 million asset bank headquartered in Virginia. Clear Sky offers rate competitive savings accounts, checking...
Caving in to the American Banker's Association, the FDIC has stipulated that the amount of loan debt it provides Ally Bank will be dependent on the deposit rates it offers. We've already seen Ally...
Indymac, one of the first banks to feel the imapact of the credit crisis was purchased today by a consortium led by Dune Capital member Steve Munchin and hedge fund members John Paulson and...
Last week, the American Bankers Association sent a letter to Sheila Bair, the Chairwoman of the FDIC complaining about the high rates offered by Ally Bank (formerly GMAC). Today, Ally Bank sent...
I watched a great documentary the other night on CNBC about McDonald's. If you're interested in how a small hamburger joint became the empire it is today, give it a peak. I think the show is...
Judge Rakoff, a Federal District Judge in lower Manhattan today rejected the $33 million settlement between Bank of America and the SEC over $4 billion in bonuses paid to Merrill employees days...
The NY Times is reporting that Wachovia and Citi are in merger talks. Wachovia needs a buyer. It's stock is getting crushed and it's suffering from a bundle of bad mortgage loans.
McDonald's dollar menu is coming under pressure and higher costs make it increasingly unprofitable. The company is testing ways of making the cheeseburger on the menu more profitable.