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Selected category: Banks

Morgan Stanley Shows Its True Colors During COVID-19 Pandemic Image Courtesy: Bloomberg

Morgan Stanley Shows Its True Colors During COVID-19 Pandemic

I had been a customer of Smith Barney for as long as I can remember, even after it merged into Morgan Stanley in 2011.

Smith Barney was always an outstanding institution to do business with.   They understood that the... Read →

TD Ameritrade Acquisition By Charles Schwab Causes Concern for Active Customers Image Courtesy: CNN

TD Ameritrade Acquisition By Charles Schwab Causes Concern for Active Customers

Sophisticated stock traders have gravitated towards TD Ameritrade over the years.

For over a decade, TD Ameritrade has had the best trading platform in the online trading business, and with the Sink or Swim acquisition they als... Read →

Federal Reserve Holds the Fed Funds Rate at 2.25% to 2.50% and Suggests It is Done Raising Until 2020 Image Courtesy: Washington Post

Federal Reserve Holds the Fed Funds Rate at 2.25% to 2.50% and Suggests It is Done Raising Until 2020

The Federal Reserve acted unanimously today to hold the Fed Funds target rate at 2.25% to 2.50%.   Whereas the Fed had previously guided to two raises in 2019, it now indicates that there will be zero.   Fed Chair Jer... Read →

BB&T And SunTrust to Merge, But Why? Image Courtesy: Skyscrapercenter.com

BB&T And SunTrust to Merge, But Why?

BB&T and SunTrust Bank announced their merger this morning.   The ... Read →

Avoid Chase’s New "You Invest" Program Image Copyright: BestCashCow

Avoid Chase’s New "You Invest" Program

JP Morgan Chase has always been a torchbearer in the banking arena.   Under Jamie Dimon’s leadership, it has become a pione... Read →

JP Morgan Chase Makes Private Client More Attractive By Turning on Online Brokerages

At BestCashCow, we’ve been big fans of Jamie Dimon and what he has done with Chase over the last decade in the post-cr... Read →

GE May be in A Death Spiral; Your Deposits in Formerly GE-Owned Online Banks Are Safe

General Electric now appears to be in the middle stages of a death spiral.   While the stock still has an equity value over $100 billion, the entire company is in the middle of a precipitous decline which seems to move to more ... Read →

Does An Inverted Yield Curve Signal Recession – This Time Could Be Different

When I was in business school, I was taught that an inverted yield curve is an extraordinary precursor of a recession.   Indeed, the empirical evidence is there.   Of the five recessions since 1980, all have been prec... Read →

Where Have All of the Bank Branches Gone? Image Courtesy: CNBC

Where Have All of the Bank Branches Gone?

A recent Wall Street Journal report indicated that there have been unprecedented closures of bank branches in the 12 months ending June 2017. ... Read →

2018 Safest Banks

Contact us at contact@bestcashcow.com for more information.The editors of BestCashCow today release the site's list of the five safest banks in each of the 50 States in the country.   We’ve compiled the list base... Read →

Jamie Dimon Says that Bitcoin is Fraud About to Blow Up

Jamie Dimon, the Chase CEO and Tufts alumnus, blasted bitcoin today saying it is a fraud that will eventually blow up.  

Bitcoin has enjoyed a tremendous run and may or may not be due for a significant pullback. ... Read →

With Hurricane Irma They Love Me Again!

I remember the time when banks would regularly offer incentives (toasters, blenders, and the like) to open accounts, add money to an account, or upgrade to full service.  Those were the times when they were competing with one anothe... Read →

Six Ways to Reduce The Costs of Higher Education

As a mature and prosperous nation (Trump being a hiccup along the way), higher education has moved from a luxury and the domain of the well-to-do to a career requirement for a larger and larger number of people and jobs.  Colleges a... Read →

The US Stock Market Fell 39% During Watergate

During Watergate and the lengthy process of getting Richard Nixon to resign, political instability weighed all sorts of havoc on the US economy with the S&P 500 falling from a high of 142, when Nixon assumed his second term in Januar... Read →

If Your Bank is Cutting Rates and Benefits, It Is Time to Find Another Bank Image Courtesy: Pexel

If Your Bank is Cutting Rates and Benefits, It Is Time to Find Another Bank

Banks have always used the end of the year as a time to cut rates on savings accounts or allow promotional rates to expire, and/or to reduce benefits.  For the last eight years, rates have been falling and the lack of competition ha... Read →