Articles
Selected category: Banks
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BB&T And SunTrust to Merge, But Why?
BB&T and SunTrust Bank announced their merger this morning. The banks are the 12th and 13th largest US banks based on assets and the combined entity will become the sixth largest US bank. (A complete list of the largest banks based... Read →
2018 Safest Banks
Contact us at [email protected] 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 based on the financial... Read →
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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. Some 1,700 branches were closed that period, the largest one-year decline ever recorded. And,... 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 serious... 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-crisis financial world. On the consumer side, Chase has tremendously outperformed its peers (Citibank, Bank of... Read →
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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 pioneer in mobile banking, provides some of the most valuable credit card offers for consumers and small businesses,... Read →Complex financial modeling is at the heart of risk management and dictates how much capital banks, insurance companies, pension funds, corporations, and individuals need to hold in order to meet all of their financial liabilities. This topic is important to understand because it played an integral part in the massive financial destruction that was 2008.
Read →Bank of America is offering a Special Rate Money Market Savings Account that pays 1.5% APY, guaranteed until April 1. The money is totally liquid.
Read →NewDominion Bank out of Charlotte, NC is offering a competitive 1.5% APY savings account rate.
Read →Five days ago I reported that Bank of America's dividend was at 11% and that the stock might present a good buy. Did I listen to my own advice? No. Today, BofA was up more than 20%.
Read →Kerry Killinger, the now ex-CEO of Washington Mutual joins other CEOs from financial services companies in the unemployment line.
Read →Two more banks failed yesterday, Northville, Mich.-based Main Street Bank and Eldred, Ill.-based Meridian Bank bringing the total number of failed banks in 2008 to 15.
Read →Downey Financial and two other banks were closed and hastily sold off to larger banks by the FDIC. This continues a trend of banks closing and being sold in deals brokered by the FDIC. It is the beginning of a massive consolidation in the banking sector.
Read →The bloodletting isn't done yet.
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