New York, September 16, 2009 — Global Finance magazine (website: ) will host its thirteenth annual Best Bank Awards ceremony on October 6th, 2009, in Istanbul (Turkey), at the same time as the Annual Meetings of the IMF and World Bank. More than 200 bank CEOs and senior financial officers and central bankers will […]

Credit Card Reform

NEW YORK (AP) — Your next credit card statement is going to contain an ugly truth: how much that card really costs to use. Now, thanks to a long-awaited law that goes into effect Monday, you’ll know that if you pay the minimum on a $3,000 balance with a 14 percent interest rate, it could […]

Nine U.S. banks seized

Nine U.S. banks seized in largest one-day haul LOS ANGELES (Reuters) – U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans. The move brought the total […]

5 Moves to Make Ahead of the New Credit Card Law

With new regulations starting in less than a month, you may need to take stock of your credit card portfolio to determine which cards’ terms are changing to your benefit and which feature changes that can hit you in the wallet. The most important thing to do, says Lauren Bowne, staff attorney at San Francisco-based […]

The top 10 online banks

Online banking can offer convenience — and even added security. Our list of the best includes Internet-only outfits as well as brick-and-mortar banks. Here’s how to compare. Five years ago, Greg Downing looked into online banking but balked at his bank’s $5 monthly fee to pay bills online. This year, Downing read about a Web-only […]

Credit Scores Can Drop After Getting Loan Help

Some homeowners who sign up for the government’s mortgage assistance program are getting a nasty surprise: Lower credit scores. For borrowers who are making their payments on time but are on the verge of default, the Obama administration’s loan modification program can reduce their credit score as much as 100 points. That makes it harder […]

Largest Bank Holding Companies in the U.S

Here is a list of the 50 largest bank holding companies in the United States ranked by total domestic deposits. (dollar amounts in thousands) Bank Holding Company Name – State Headquartered – No. of Offices – Total Deposits June 30, 2007 BANK OF AMERICA CORPORATION North Carolina 5,733 598,206,613 JPMORGAN CHASE New York 3,127 469,691,831 […]

Ignore Your Credit Card’s Minimum Payment

Ignore Your Credit Card’s Minimum PaymentDoes this article’s headline sound like heresy? Does it smack of the worst financial advice of all time? That’s exactly what credit card companies hope you think. Consumers have been conditioned to pay attention to one thing when they open their credit card bills: the minimum payment due. But that […]