California’s Western Commercial Bank Shut Down

Archive for November, 2010

California’s Western Commercial Bank Shut Down

Friday, November 5th, 2010 | Comments Off

Regulators closed two more US banks on Friday, including Western Commercial Bank in Woodland Hills, California, with $101.1 million in deposits. The two bank failures will cost the federal deposit-insurance fund a combined $223.6 million. K Bank, based in Randallstown, Md., with $538.3 million in assets, was also closed. The bank shutdowns bring the 2010 […]

What A Republican Win in the House Means for the Stock Market

Thursday, November 4th, 2010 | Comments Off

A picture speaks a thousand words. This chart, courtesy of Market Timing Research and their Stock Trend Projections, shows the historic tendency of the stock market (specifically the S&P500 composite index) when Republicans or Democrats control the House of Representatives. Enjoy … and remember that QE2, as it did in Japan, is likely to lift […]

Best California CD Rates Comparison – 11/4/10

Thursday, November 4th, 2010 | Comments Off

Here is our latest California banking editor’s list of the best California CD rates at the moment. This list also contains the highest CA CD rates from national banks, too. Compare and contrast the highest California CD interest rates from local CA banks and financial institutions together with the best nationwide rates available in California. […]

Fed to Buy $600 Billion in Bonds to Stimulate Economy

Wednesday, November 3rd, 2010 | Comments Off

The Federal Reserve on Wednesday announced its plans to try to invigorate the US economy by buying $600 billion of Treasury bonds. Federal Reserve officials said it would buy approximately $75 billion a month in long-term government bonds on through to mid-2011 in order to further drive down interest rates on debt. By buying so […]

California High Interest Checking Accounts

Tuesday, November 2nd, 2010 | Comments Off

Everyone wants to earn interest on their money, no matter where it is parked. One of the best gifts in life is to have an interest bearing checking account, especially one that pays high interest so that your money earns for you when sitting in an idle account. Here are the best high interest California […]

California Money Markets Paying Less than 1-year CDs

Monday, November 1st, 2010 | Comments Off

Many California residents park their cash in California money market accounts hoping for great rates. It turns out that most one year CDs are paying far more than the money market rates. Only a few CA money market accounts are currently paying over 1.00% per annum whereas quite a few California banks offer one-year CD […]

Hussman Says Stock Valuations Indicate the Next 10 Years One Of The Worst Decades In US History

Monday, November 1st, 2010 | Comments Off

In a recent letter to investors, investment great John Hussman estimates that the S&P 500 is priced to achieve a 10-year total return of only 5.05% annually. Using a method that values the S&P 500 using “forward operating earnings,” the projected 10-year total return of his models is just 4.69% annually, once again just around […]

Archive for November, 2010