xxxx

All the credit card companies are reporting a huge rise in delinquencies. The problem I see is that not only are there more and more defaults of credit cards, but these are the same banks that faced huge losses in the subprime mess.
Most the companies …

Kenneth Feinberg is the pay czar that is in charge of how the banks that took bailout money are running. When Bank of America proposed to cut pay for its top executives and top paid employees, he gave his own proposal in which he insisted …

Ever wonder what the difference between bankers and pirates are? This little image I dugg is pretty funny in regards to the topic.
Banks have been letting their own companies fail for the past year and the only thing that saves them every time is the …

Bank of America reported a $2.24 billion loss in the third quarter of this year today. The latest news has shaken investors and the bank has failed to meet analysts expectations. BofA posted a net income of $704 million, representing 15 cents per diluted share …

Of all the bad that Bank of America has done in the past, at least it is trying to make up for it in the future, or at least they say they are. With the new regulations, Bank of America has decided that it would …