Big five in big trouble
As I reported in Turner Radio Network Part 1, the U.S. Treasury has said that the bank stress test results are not in yet. However, Turner Radio Network published on its blog what it says are the results of the tests conducted on the 19 biggest [...]
Citi fighting to survive
The Associated Press reports from New York that Citigroup Inc.plans to stimulate the count of outstanding common shares and turn a reverse stock split. This will be a key element of the financial services company’s goal to convert preferred shares to common shares. Early trading following the [...]
Banks try to woo customers
The savings rate among Americans has seen a hefty increase in recent months. That’s bad news for retail stores, but it gets banks and credit unions excited. They are excited about the question “How do we get people to save their money HERE?”
Banks are offering some [...]
Bank temporarily reduces payments
Citigroup Inc. has stepped up to the plate when it comes to helping out people who are joining an ever-larger category: the unemployed.
The bank has started the Homeowner Unemployment Assist program, which allows unemployed mortgage holders who are late on their personal loans to make payments of [...]
Citibank reads, believes their spam
Benjamin Weiser of the New York Times proves beyond a shadow of a doubt that even large organizations fall for those fly-by-night Internet scams and need quick loans to dig their way out. But, come on, seriously? You were taken in by a Nigerian con artist, [...]
Fast cash advance for endangered families
President Obama’s plan to revamp the mortgage industry and save families – including the octuplet mom and her kids – from foreclosure is now in full gear, like a fast cash advance for the afflicted. As part of the package, mortgage lenders like Citigroup and [...]
The Injustice of it all!
Well everybody, you may be aware of the economic recession, the mortgage crisis, and the subsequent $700 billion dollar quick payday loans bailout that we as taxpayers get to foot the bill for, but, and this is a BIG but, did you know that yesterday the [...]