Consumers Cut Up Their Credit Cards

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Consumers Cut Up Their Credit Cards

Friday, August 6th, 2010 | Comments Off

Today the St. Louis Fed just released figures on total consumer revolving credit. This is basically consumer credit data but a month late. Total consumer credit fell just .7% but figures show that revolving consumer credit shrunk 6.5% on an annualized basis. The decline went from $831 billion to $826 billion. The last time we […]

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 […]

Debt Settlement Companies Face Crackdown

Thursday, July 29th, 2010 | Comments Off

Debt settlement companies are notorious for charging upfront fees for promising to reduce or eliminate credit card balances and other debt. The problem is, they don’t often deliver. The Better Business Bureau reports that since the start of the recession it has received more than 3,500 complaints about debt settlement companies, and for every complaint […]

Interest Rates on Treasury Notes Fall to a 14-month Low

Thursday, July 29th, 2010 | Comments Off

Interest rates on 10-year Treasury notes fell to their lowest level in 14 months, falling to 3.03% today. This is the lowest level since April 2009, and the recent actions by the Federal Reserve suggest that rates will stay low for some time into the future. A Consumer Spending report by the Commerce Department just […]

Best Savings Account Rates – Top 15 Bank Rates Available

Friday, July 23rd, 2010 | Comments Off

We know, we know. You’re looking for the best savings account rates for your money. We know times are bad for savers because savings accounts are paying such low interest rates, and so looking for a best savings account rate is now more important than ever. The Fed just announced they might even lower interest […]

The American Express Saving Account

Friday, July 23rd, 2010 | Comments Off

American Express not only dominates the credit card market, but offers other financial services too, which fall under the category of internet banking or online banking. Most consumers don’t know that American Express not only offers credit cards, but a High-Yield Savings Account and Certificates of Deposit (CD). You can open an American Express savings […]

PremierWest Bancorp Announces Second Quarter Results

Thursday, July 22nd, 2010 | Comments Off

PremierWest Bancorp (NASDAQ: PRWT), which operates several banking branches in California, announced results for the second quarter of 2010, as follows:

Total Mortgage Services Launches Wholesale Lending in California

Thursday, July 15th, 2010 | Comments Off

Total Mortgage Services LLC, a leading mortgage lender and broker that has funded over $4 billion in mortgage loans since 1997, announced today that it has formally launched its wholesale residential mortgage lending platform, TMS Funding, in 17 states including California. TMS Funding will offer mortgage brokers some of the lowest mortgage rates available. Many […]

Preferred Bank Announces 2010 2nd Quarter Earnings

Wednesday, July 14th, 2010 | Comments Off

Preferred Bank (Nasdaq: PFBC) announced plans to release its financial results for the second quarter ended June 30, 2010 on Thursday, July 29, 2010 after market close. will host a conference call that afternoon at 5:00 p.m. Eastern (2:00 p.m. Pacific). You may access the conference call by dialing 877-941-9205 (domestic) or 480-629-9835 (international). Preferred […]

California’s Pan American Bank Hosts Latino Fundraiser

Monday, July 12th, 2010 | 1 Comment

Established in 1964, Pan American Bank is California’s oldest Latino-owned bank. Headquartered in East Los Angeles, the bank serves the needs of the Latino communities in both Los Angeles and Santa Ana. The bank just announced that it will host a fundraiser to benefit Latino Literacy Now, a nonprofit organization supported by actor Edward James […]

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