Bank News Articles


San Francisco Fed, First California Financial Terminate Agreement

Those with stock invested in First California Financial Group should take note:

First California Financial Group, Inc. the holding company of First California Bank, has canceled the informal agreement with the Federal Reserve Bank of San Francisco, which commenced on February 1, 2010.

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Comerica’s Economic Activity Index for CA Unpromising

Comerica Bank’s California Economic Activity Index was flat in November, unchanged at a level of 105. Up to this year, the Index has averaged a level of 104, up five points from the average for all of 2009. October’s reading was revised from 104 to a level of 105.

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Bank of America Posts Second Straight Loss in Fourth Quarter

The woes just keep coming for the nation’s largest bank, Bank of America.

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California General, Professional Business Banks Finish Merger

Pasadena, CA commercial bank giants Professional Business Bank and California General Bank have completed their merger as of December 31, 2010. Both of the bank’s constituencies of shareholders and regulatory authorities approved of the merger.

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BofA Prepares for Wikileaks By Buying Websites

Before his arrest, Julian Assange of Wikileaks anounced that he would release documents of a large American bank, and the publication of those documents revealing how the top powers of a bank think would rival the Enron expose. Presumeably, that bank is Bank of America, and it seems the bank is getting ready for the […]

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Obama Tax Cuts Cause Stiff Treasury Selloff

President Obama’s tax-cut agreement with House Republicans has led to the second day of widespread drops in Treasury bond and note prices. Fearing that the plan will create deeper budget deficits and raise interest rates, bond prices have plummeted. The yields on Treasury bonds and notes jumped as their prices fell. The 10-year T-note yield […]

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Citibank Has Over 28000 ATMs Across the US

One of my banking accounts is at Citibank, and I was surprised to realize just how many ATMs they have across the US. This can make your banking experience very easy and convenient. Did you know that Citibank has over 28,000 ATMs nationwide?   There are over 3,200 ATMs at more than 1,000 Citi branches. There are […]

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Bank of America Next Wikileak Target?

Wikileaks founder Julian Assange recently said he was soon going to release thousands of documents from a major US bank that will reveal the corruption style thinking prevalent in the offices of these giant financial institutitons. Reporters everywhere have wondered what bank this might be. However, in an interview last year Assange revealed that he […]

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ATM Machines Take a Bite Out of Your Budget

Our Frugal Finance editor has a bit of advice for these had times: keep enough cash onhand that you don’t need to withdraw money at another bank’s ATM machine. Why all the fuss? On average, your bank will charge you around $1.32 to use another institution’s ATM, according to a Bankrate.com survey in 2009. Furthermore, […]

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Soda Pop Tax

Former Federal Reserve Vice Chairman Alice Rivlin and former Republican Senator Pete Domenici, heading a 18-member group of experts on the U.S. federal budget deficit, on Wednesday called for a soft drink tax, 2011 Social Security tax holiday, and government spending freezes to help balance the budget. Among its recommednations, the group called for a […]

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