featured bank review

FNBO Direct Online Savings Account Review

This is a review of FNBO Direct, the online savings account arm of First National Bank of Omaha. With so many banks offering online saving accounts these days, it’s difficult to pick one that is right for us. Let me tell you why FNBO Direct is the online bank I’m using now.
Let’s be Honest, It’s [...]

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The Fed’s Emergency Lending Programs Scales Back

The Fed is finally starting its engine on the exit strategy of all the emergency programs it created late last year, during the height of the financial crisis.
However, don’t think that all is going to end quickly. The Fed is moving very cautiously in reducing and closing down these programs. For example, one [...]

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EverBank FreeNet Checking Account Review

EverBank FreeNet checking account is probably the last checking account you will sign up for. Unlike other institutions where interest rates are next to zero, Everbank currently have yields of up to 3.01%. Wow.
Click Here to Sign Up for an FreeNet Checking Account
How do they manage such a high interest rate? Well, [...]

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Ben Bernanke Under Fire

“When the crisis is over, Ben Bernanke is out”, or so the politicians have always said. It happened in ancient times and it is happening again – people who do the dirty work will usually be oust as soon as all the dirty laundry are clean.
Ben Bernanke, whom most feel did a great job [...]

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Ally Bank CD Rates Updated February 2010

Ally Bank CD rates are still one of the best in the industry and this page is being updated daily. The CDs from Ally are FDIC insured like any other so there’s no worries of losing your money. For rate lovers, Ally Bank will be a good candidate for your money, as you [...]

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Obama’s Financial System Overhaul

Obama just announced his plans to overhaul the financial system in what is going to be the most ambitious regulatory change since the Great Depression.
The president’s reasoning was that while the regulation first set in the 1930s are sound, the speed, scope and sophistication of the global economy of today needs a refreshed set of [...]

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Bailout Banks are Slowly Lending Less Every Month

It’s not like we needed the Treasury to tell us, but the government entity said that the value of total loans held by the 21 biggest lenders getting bailout money fell in April.
This is the 5th decline in the last six months, totaling $4.34 trillion in April, down almost 0.8% from March.  With rates jacked [...]

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Obama Tightens Leash on Banks

Don’t say I didn’t tell you so.  Our beloved President Obama is ready to reveal the biggest overhaul in the banking sector since the Great Depression.  The system is aimed at making sure banks can’t get into as much trouble as it did, but it probably means that manager and their grandmothers will be unable [...]

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Ken Lewis’ Testimony for BofA’s Acquisition of Merril Lynch Leaked

Even though the House Oversight Committee barred the Fed from seeing emails and documents related to the BofA’s Merril Lynch deal, it looks like they can just read the media for the same news.
Ken Lewis’ prepared testimony was leaked to the media and it seems like Lewis is still trying to push for the case [...]

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Citigroup Finally Dilutes More Shares in Public Exchange Offer

After what seemed like ages, Citigroup is finally launching a bunch of public exchange offers that will allow investors to convert preferred shares into common stock.  This move will essentially give the government a huge stake (34%) in the once biggest bank in the world.  The government’s share isn’t the whole picture though, as the [...]

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10 Banks Allowed to Repay $68 Billion in TARP – Good First Step

Back in the second half of last year, banks were shoved billions of dollars in what’s known as the Troubled Asset Relief Program (TARP). After months of public outraged and political moves, banks were left with a huge interest payment as well as a strong desire to repay (in their mind), toxic debt.
Today, 10 [...]

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