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Related Tags: Banks, Banking industry, Bank of america, Bear stearns, Countrywide, Cars, Citi, Google, Ag, Banking, Economy, Evasion, Ford, Subprime, Tax, Ubs, Wachovia, Walmart, Ceo, Citigroup, Credit crisis, Dow jones, Freddie mac, Gas prices, Indymac.
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.
It looks like the hammer finally fell. The Wall Street Journal and Bloomberg are reporting that the Fed has brokered a deal for JP Morgan to take over the bulk of WaMu's deposits, branches, and...
As was widely expected, Wachovia was purchased today, marking the end of another large financial institution. It was a little surprising that Citigroup was the buyer considering their weakened...
And we thought banking was boring. Citi today shot back and threatened a lawsuit to block Wells Fargo from stealing Wachovia.
NetBank's stock is now worth $.08 as the company has lost big money on its loan portfolio. Everbank was supposed to buy them but the deal is off - lucky for Everbank.
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.
In a surprise move, Wachovia scrapped its deal with Citi and agreed to be acquired by Wells Fargo. Wells not only agreed to buy the whole bank, but raised its offer price and did the deal without...
Downey Financial Corp. revealed in its quarterly filings that the Office of Thrift Supervision, its main regulator has imposed several restrictions on its activities.
The next Harry Potter book is due soon but many in the industry aren't making as much as you think off the series. Darker days are also ahead as the series comes to a close. Enjoy it while you can!
As Bank of America's stock has plunged, its dividend has soared. It paid a dividend of 64 cents a share in April which amounts to a 11.61% dividend yield. Should you invest? It depends on your...
Banks will have to refinance an estimated $787 billion in floating-rate notes by the end of 2009. They need money to refinance. Guess one place they'll go to get it?
Effective immediately Capital One is sutting down its mortgage unit GreenPoint Mortgage. The companys stock is taking a beating. The damage continues.
Jordan's Furniture, a store owned by Warren Buffet, made a bet with its customers last spring that if the Red Sox won the world series, any furniture (sofas, tables, mattresses) purchased between...
This is a good blog post with some history of past bank failures and what we may expect in the future. A chart shows how bad it got in the late 80's and early 90's. Hope it doesn't get that bad...
The bloodletting isn't done yet.
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BestCashCow provides information on the best CD (certificates of deposit) rates, the best money market rates, the best savings rates, and more - as well as financial information that can help you make better decisions with your money.
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Type
|
APY/Rate
|
Institution
|
|
4.00%
|
WaMu / Amtrust Direct / CNB Bank
|
|
|
5.23%
|
Calvert
|
|
|
4.02%
|
EverBank
|
|
|
5.00%
|
Dime Direct
|
|
|
5.00%
|
WaMu
|
|
|
4.50%
|
Advanta Bank / Geauga Bank
|
|
|
4.51%
|
E-Loan
|
|
|
4.78%
|
Geauga Bank
|
|
|
5.25%
|
Advanta Bank / E-Loan
|
|
|
4.84%
|
US Treasury
|
|
|
3.50%
|
Federal Home Loan Bank (state and local tax exempt)
|
|
|
3.75%
|
Northrop Grumman FCU
|
|
|
4.32%
|
Melrose CU
|
|
|
4.47%
|
Melrose CU
|
|
|
5.00%
|
Pentagon FCU
|
|
|
0.90%
|
Various brokerages
|
|
|
1.60%
|
Various brokerages
|
|
|
1.96%
|
Various brokerages
|
|
|
2.97%
|
Various brokerages
|
|
|
3.82%
|
Various brokerages
|
See more product and rate information
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