Articles

If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed business models.

The Fed today made a special exemption and allowed GMAC to become a bank holding company, giving it access to TARP funds. That means that GMAC bank customers do not have to worry about the parent company defaulting.

Citigroup recently informed the majority of it's checking account customers that it reserves the right to require seven days notice on withdrawals. Does this mean Citi is fearing a run on the bank?

Christopher Dodd just held a news conference to explain his new blueprint for sweeping financial reform.

Over the next four years, small and medium-sized financial institutions will become more competitive with the larger ones due to less regulation.

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.

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.

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.

BestCashCow released its list of the Top 10 Least Safe States to Bank. See if your state made the list and what you should do if it has.