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Citigroup, once the largest bank by market value and by profit saw its stock go below $1 briefly today.
Read →Bank of America is offering a competitive 48-Month CD paying 3.01% APY. The bank is also offering a 12-Month High Yield CD special at 2.5% APY and a 9 Month Risk Free CD paying 2.5% APY.
Read →Steve Leuthold of the Grizzly Short Fund predicts that the S&P 500 will rebound in 2009 to 1000. His short fund returned 74% in 2008 and 26% so far this year.
Read →Citigroup announced today that it would lower some mortgage payments to unemployed homeowners as part of its Unemployment Assist Program.
Read →American Express, Chase, Citibank, and other credit card companies are dropping credit limits which could in itself lower your credit score.
Read →Harvard is leading the pack again, as it always does. This time it's very bad news. It's huge endowment, which it depends on for a major part of its annual operating expenses, has lost a whole lot of billions. And, while President of Harvard, Summers played a very active role overseeing and steering the university's investments. And, he did a terrible job. By any count, Harvard's endowment has lost somewhere between 30% to 45%, and the latter is more likely.
Read →Millions of investors have parked their cash in brokerage sweep accounts. In most cases, this is a bad idea.
Read →There were two more bank failures last Friday - Security Savings Bank of Henderson, NV and Heritage Community Bank of Glenwood, IL. These bank closings are the 15th and 16th bank failures for the year.
Read →A comparison of the Dow Jones Industrial Average today to Japan's Nikkei Index leading up to and after its peak in 1989. There are a lot of similarities and some differences. What do they mean?
Read →Etrade is running a promotion in which they will offer 100 commission free trades if you open an IRA account. There are some catches though.
Read →Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990.
Read →I recently opened an account with JP Morgan Chase having previously used Citibank for all of my financial needs. I am startled by how poor the
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