Bruce Willis Hits Russia »
Actor Bruce Willis is hitting up Russia by becoming the new spokesman for a Russian banking company called Trust Bank. According to statements from the bank, Mr. Willis is the epitome of the Trust Bank’s motto of loyalty and trust. Posters have already started going up in Moscow showing Bruce Willis on them.
Mr. Willis is [...]
Citigroup Helping out Small Business Banking »
Citigroup has decided to help out the small business banking by hiring 200 small business bankers by the end of 2011. Citigroup basks in the sunlight of some of the world’s largest corporations as banking customers and is now looking to reinvest itself in the American small business sector by hiring more small business bankers [...]
Banks Finance Payday Loan Centers »
In 2008, the collapsing of the financial system was touched off by Lehman Brothers. Within years the government wrapped its fingers into every aspect of the financial crisis, finding that bailing out the top of the long list of banking institutions was the only reliable way of kick starting the economy for recovery.
Now, we have [...]
Bank of America and Higher Fees »
Bank of America has issued a statement on Tuesday stating that the banking giant will have to raise the minimum account balance on checking accounts or set new fees for any account that falls under the new monthly minimums. This is supposed to help the bank maintain a level of revenue unheard of before the [...]
New Regulations For Global Banks »
New rules for the world’s largest banks have been agreed upon in a bid to hold up the financial collapse that seems to be running rampant these days. These new rules will help create a cushion by forcing the banks to hold more capital in reserves than they currently do.
Not only will this create a [...]
EIH Bank Placed Under Sanctions »
EIH Bank based in Hamburg, Germany was hit with sanctions on Tuesday by the US Treasury Department due to allegations that the bank was helping Iran get past international sanctions to support its nuclear activities. The bank has been known to handle billions of dollars’ worth of transactions.
EIH is one of the few remaining access [...]
Financial Commission Report Disagreements »
The congressional commission that is looking into the financial breakdown has been rumored to have dissension amongst its ranks but high ranking officials in the commission seem to be downplaying that dissension. Last month there were two members that left the commission with rumors of disagreements floating in the air.
Although the disagreements have shown to [...]
Afghan Banks Seeing Run on Withdrawals »
More and more Afghans have started to pull their money out of the nation’s largest bank, even after the government there has made assurances that their money is being safely held. Kabul Bank branches around the capital city have been swarmed by citizens looking to remove both dollar and Afghan currency because of a change [...]
Banking Sees Profits, Future Still in Shadows »
It appears that the government knew what it was doing when it handed over all that money to banks that were failing. The banking industry has seen profits surge as it earned $21.6 billion in the second quarter of this year, compared to the $4.4 billion loss of last year.
Even though this is a good [...]
BofA and Lewis Looking at Lawsuits »
Lawyers for Ken Lewis, the former CEO of Bank of America, said that lawsuits being filed against him accusing him of misleading investors when Bank of America merged with Merrill Lynch would be highly implausible. They stated that these lawsuits should be thrown out of court and not investigated any further.
The filings were in response [...]
