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International Bank of Chicago is a Chicago-based FDIC-insured bank catering to Chicago's diverse ethnic groups. The bank is rated 4 stars (solid) by Bauer Financial.
This was another busy Friday for the FDIC with five bank failures. As has been common this year, the FDIC arranged for other banks to acquire the failed banks and to assume all deposits even those...
Seven banks failed today. The small New York bank, Waterford Village Bank, was the first New York State bank to fail since 2004. The other six banks were in Georgia. This makes a total of 16 banks...
One of my readers was kind enough to email me his experience with a certificate of deposit that recently matured. It's a good lesson for all those who have CDs.
A bank failure is not the only way you can lose money at a bank. Customers of MetaBank are having to sue to get back their money that was stolen by one of the bank's own employees.
Two banks failed on Friday bringing the 2009 total to 25 which equals the total that failed for all of 2008. The two failed banks were American Sterling Bank in Missouri and Great Basin Bank of...
Two banks failed this Friday. The first failure was Cape Fear Bank in North Carolina, and the second one was New Frontier Bank in Colorado. The New Frontier Bank closure was actually a little more...
It's another lesson to stay away from offshore banks advertising high-rate CDs. Millennium Bank has been advertising its high-yield CDs on the web for years, and now the SEC is finally shutting...
Here's an interesting way of locking your savings in at a competitive rate for 12 months. If you are rolling over cash or savings balances, you can add to the balance of the account at any time...
Article has a good discussion of some banking products that provide above-average rates into today's low-rate environment. It also mentions some useful resources for finding the best rates.
The court-appointed receiver in the Stanford Financial mess won’t win any popularity contests. He's the target of anger for thousands of Stanford investors who see him as a man in the shadows...