Bank of America has a new promotion for new checking customers. You can get $75 when you open a new qualifying personal or business checking account with a $250 deposit and make a purchase with your debit card. An additional $25 is available when you make 2 online bill payments within 30 days. This $25 [...]
This New York Times article looks at how hot money is being considered as an important factor in accelerating the wave of bank failures. With 52 bank failures so far in 2009, the causes for these failures are being examined. Unfortunately, regulators seem to be focusing more on deposit rates than the real problem of [...]
Deutsche Bank AG, Germany’s biggest bank, gained in Frankfurt trading after UBS AG raised its rating and earnings estimates for the company, citing improving fixed- income and equities markets. Deutsche Bank rose as much as 5.3 % to 45.37 euros ($63.59). The stock advanced 61 % this year, compared with a 14 % gain in [...]
Citibank is starting a large trial of the use of mobile phones to make credit card payments at retail outlets and other points-of-sale in Bangalore, which the company is branding as “Citi Tap and Pay”. The trial will cover 3,000 to 5,000 mobile users and about 500 merchants. The trial is about more than the [...]
Accusations on compelling customers into unnecessary expensive products have been denied by Bank of America Corp. The National Association of Consumer Advocates and the U.S. Public Interest Research Group blamed Bank of America and other big banks in paying fees for pressuring consumers into dubious, high-cost programs like “credit protection” and “overdraft protection.” Bank of [...]
Offering a checking account promotion in which you can earn up to $190. Open a new personal checking account at a HomeStreet Bank branch and complete the following activities for the full $190: $75 for direct deposit with a minimum of $500 a month for 2 consecutive months $75 for using your Visa check card [...]
