Columbus Day is observed as a Federal Reserve Bank holiday, which usually means banking institutions are closed. Fortunately, some banks will keep their doors open during the holiday.
I'm a sucker for Internet lists. If I come across a "Top 10 Spectacular Wardrobe Fails by International Pop Stars," I instantly lose at least an hour's worth of productivity reading about how JLo wore it better than Christina. And there are loads of lists out there.
This week marks the 7th anniversary of the collapse of Lehman Brothers. The anniversary of this collapse, September 15th, is the day set aside to ridicule the people who warned of a second Great Depression if the Treasury Department didn't rescue the Wall Street banks.
Choose ATMs wisely, assess them for any signs of tampering, and shield the PIN pad as you type your number. Those steps do not guarantee that your debit card information won't be compromised, but you can make it as difficult as possible for criminals. They are likely to move on to an easier target.
If you're wondering what the deal is or why you should make the switch from your big bank, you're already halfway to making a very smart decision.
We need to make sure those who do the people's work in Washington are actually doing it -- not worrying about former or future bosses at the public's expense.
BMW Bank of North America, the lending arm of the popular luxury vehicle brand, took the top spot, with more than $7.1 billion in auto loans on its books as of second quarter. Ranking second was Atlanta-based regional bank Fidelity Bank, which dedicated nearly 42 percent of its total assets to auto lending.
The Fed is famous for raising rates prematurely, seeing ghosts of inflation. But there is no inflation on the horizon -- the bigger worry is deflation. In fact, the inflation rate is well below the Fed's own target of two percent. And the Fed is the only game in town. On balance, I think the opponents of a rate hike have the better argument. But consider for a moment that last assumption -- that the Fed is the only game in town. The larger issue, which is getting submerged in the great debate about raising rates, is that the Fed should not be the only game in town. With fiscal stimulus ruled out politically, pressure is on the Fed to be the sole engine of growth. Yet the central bank can only do so much.
The entire US economy is being held back by the economic limitations of 43.3 million Americans straddled by $1.2 trillion in debt constraining more productive consumption and investment choices.
Advocates for higher interest rates point to an improving job market as a sign that America has come back from the recession. But many activists, economists, and community groups know that raising interest rates now would stymie the many communities, particularly those of color, that continue to face persistent unemployment, underemployment, and stagnant wages.
For Robinhood founders Baiju Bhatt and Vladimir Tenev, the 2008 financial crisis, followed by the Occupy Wall Street movement, were a source of inspiration to create Robinhood, a mobile first zero-commission stock brokerage app.
Why am I terrified? Because the prospect and potential that this represents means a world without discussion and without ideas. It means a world in which we have to be careful of what we say for fear of not getting that loan, job, or education.
By Barbara Friedberg, Contributor If you're interested in improving how you manage your finances, then you need to care about ...
Bank and credit union examiners are especially scrutinizing the quality of financial institutions' assets and their sensitivity to market risk, according to a recent survey of institutions that have recently undergone routine federal examinations.
Taking a sabbatical used to be largely restricted to academics and posh people who had the time and money to take time off in the middle of their career, while the rest of the world had to hold out for 45+ years of work until their retirement allowed them the chance to explore their non-work related passions.
While the recession may have officially ended, many small business owners, in particular minority business owners, are still reeling from the devastating effects of the recession that began in 2007.