Posted: November 12, 2012Hurricane Sandy left devastation in her wake. This infographic traces the path of the storm, the damages, and the donations by big banks stacked up against what they earned last quarter. Continue reading
Posted: September 26, 2011JP Morgan Chase & Co., America`s second largest bank, is leading the way and in an act of financial kindness, JP Morgan Chase & Co. decided to waive some of its late fee for customers who were affected by Hurricane Irene this past weekend. According to banks spokesman, Thomas Kelley, the ... Continue reading
Posted: September 25, 2011With the passage of the CARD Act of 2009, banks are expected to lose $20 billion of dollars nationwide, according to the Nilson Report. With revenue losses so extreme, the banks and credit card issuers are beginning to implement new ways to charge to consumer to build up revenue. Banks across the ... Continue reading
Posted: September 24, 2011Forget about just credit card fees, with the help of the Durbin-Dodd amendment, consumers should start getting used to debit card fees. Banks have lost billions of dollars nationwide with the passage of the CARD Act, and are looking at consumers to pay to cover the costs.Beginning this fall, Wells ... Continue reading
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