The Bad Mortgage Mess

Posts Tagged ‘Citigroup’

The Bad Mortgage Mess

Monday, November 8th, 2010 | Comments Off

Citigroup just disclosed in a regulatory filing that it was being sued by several investors who want to force Citigroup to buy back soured mortgages. The investors contend these bad mortgages did not conform to proper underwriting standards. These aren’t just ordinary investors suing Citibank but big names – Charles Schwab and the Federal Home […]

Get Set for New Credit Card Fees and Professional Cards

Wednesday, August 4th, 2010 | Comments Off

The Credit Card Accountability Responsibility and Disclosure Act of 2009, known as the Card Act, was designed to protect consumers. However, as we warned earlier, many credit card issuers will certainly raise fees on credit cards in order to recover income lost due to changes specified by the new law. Some of the biggest card […]

Which US Banks are Strongest?

Friday, July 30th, 2010 | Comments Off

Banker’s Magazine just completed its 2010 ranking of the world’s best banks. The list is based on Tier 1 capital which serves as a way to judge a bank’s ability to handle financial shocks and lend on a large scale. Bank of America, based in Raleigh, North Carolina, was selected as the world’s top bank […]

Is Your California Bank Likely to Fail? Check the List!

Wednesday, July 7th, 2010 | Comments Off

Banks are in trouble. As you know, the FDIC identifies banks in danger of failing, and has over 700 banks on its problem list. So far this year, over 80 banks have failed. People usually don’t worry about their bank deposits because of the FDIC guarantees on savings accounts up to $250,000, but they still […]

Posts Tagged ‘Citigroup’