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Selected category: Banks
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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 →
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 based on the financial... 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. It, however, is not... 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 another to... 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 and... 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 January... Read →Over the next four years, small and medium-sized financial institutions will become more competitive with the larger ones due to less regulation.
Read →EverBank is again offering what it calls a 5 Year Marketsafe Treasury CD. This product should be avoided at all costs.
Read →Until a couple of days ago, Chase had the best user interface of any bank. They instantly - and without notice - changed it to one of the worst.
Read →JP Morgan Chase has come to market with the highest yielding 15 year structured note that we have seen in some time. This offering is consistent with the 10 year Treasuries testing of 3.00%, the early stages of some slope to the yield curve, and the increasing governmental scrutiny facing the Jamie Diamond-run's banking behemoth.
Read →JP Morgan Chase, like Morgan Stanley and Citibank, had exited the structured note market about a year ago when long bonds rates fell so low that structured notes could no longer be structured. Today, they returned to the market today with a new 6.50% structured note.
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