Posts Tagged ‘bank’

New rules won’t eliminate excessive bank fees
Rules that take effect Sunday will prohibit banks from charging certain overdraft fees without a customer’s permission, but the rules will not prevent banks from posting a customer’s daily checking account transactions in a way that maximizes overdraft fees…. Overdraft – Transactional account – Business – Bank – Financial services

Read more on San Francisco Chronicle

Independence Bank presents financial tips to the community of Bowling Green. Be sure to check it out!

AIB and Bank of Ireland pass EU-wide stress tests
THE COUNTRY’S two biggest banks, Bank of Ireland and Allied Irish Banks (AIB), passed an EU-wide stress test to assess the eurozone’s ability to withstand a double-dip recession and a sovereign debt shock.

Read more on The Irish Times

RPT-UPDATE 2-Former CEO of German bank IKB fined, avoids jail
(Repeats to additional subscriber service)

Read more on Reuters via Yahoo! Singapore News

CLARIFICATION of Independence Federal Savings Bank to Delist from NASDAQ Stock Market and Deregister Its Common Stock
Independence Federal Savings Bank (the “Bank) (NASDAQ:IFSB) previously announced today that it had submitted written notice to the NASDAQ Stock Market LLC (”NASDAQ) of its intention to voluntarily delist its common …

Read more on Finanzen.net

Abertis Loan Shows Bank Appetite for Mergers: Credit Markets
Banks committed as much as 7 billion euros ($8.8 billion) in loans to fund the acquisition of Spain’s Abertis Infraestructuras SA as lenders boost financing for takeovers and shrug off concern that a slowing economy will weaken credit markets.

Read more on BusinessWeek

Bank of America’s Jeff Crawford in charge of the existing credit card accounts for the bank responds to my request to discuss credit card accounts and high interest rates on good paying customers not late and who pay their bills on time. The disturbing news is, banks raise rates under the assumption even good paying customers will fail even though they raised rates originally on good paying customers to cover the losses of others already failing on their cards. A clear understanding of a system that is set to fail and potentially hurt good paying customers and force them to seek out debt consolidation companies or bankruptcy as a result. Knowing this problem for many Americans could be avoided by keeping rates on good paying customers as they are to protect that revenue stream, Bank of America like others will be the culprit of many Americans failing in this next year and the government should hold them all accountable. The assumption that one good paying customer will fail to justify their risk assessment to raise rates should be the illegal side of banks powers and abilities. The result is, is in the fine print from the banks. They are charging you now the default interest rates as if you have already defaulted on your agreement. That should be an illegal practice in this country!! Like being guilty and having to pay the fine before your default may ever come. When any one lending institution can have that much control over a persons well being, congress needs to step …

Fitch Rates Truckee Meadows Water Authority, Nevada’s Bank Notes ‘A+’
AUSTIN, Texas—-Fitch Ratings assigns an ‘A+’ rating to the bank notes corresponding to the following Truckee Meadows Water Authority, Nevada commercial paper notes:

Read more on Business Wire via Yahoo! Finance

Bank of America, Gannett, Geokinetics: U.S. Equity Movers
Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 1:45 p.m. in New York.

Read more on BusinessWeek

The biggest bank job flop
Hugh Rodley, who earned the nickname “Lord of Fraud” was convicted in a London court this week of leading an audacious scheme in 2004 to steal millions of dollars from accounts at the Sumitomo Matsui bank.

Read more on National Post