The Great Cyprus Bank Robbery
** Warning: Some viewers may find this video offensive due to the extreme foul language. ** This is reality today in Cyprus…. will it be America’s reality soon? via Daily Bail
Tag: "banks"
Moody Banks, Sad Ecomony
The American financial sector has taken another yet another hit today. Moody’s downgrade of these 15 banks could not have come at a more dangerous time. With unemployment starting to track up again, and this downgrade of major firms and securities that have global market reach, Greece, Spain, and the Eurozone all have economic problems [...]
US Consumers Continue to Leave the Branch; A New, “Virtual” Banking Segment is Rising and Threatens Traditional Bank Sales Systems
By R. Mitchell on Mar 21, 2012 in Money
NEW YORK, March 21, 2012 /PRNewswire/ – New consumer research presented by the consulting firm Novantas at CBA Live 2012 today shows that banking customers increasingly prefer non-branch channels for a range of day-to-day banking transactions, from deposits, to solving service problems. As many as 35% of US banking customers are now “virtually domiciled,” essentially not using branches [...]
Robosigning to Robosettlement to Roboslaves
Let’s keep this short and easy. The banks own you. They own your houses and most of your cars and your land and your government. Oops, did I say that out loud. Well if they didn’t, wouldn’t the government have actually punished the banks for the illegal, specifically fraudulent practice of “Robosigning”? In stead they [...]
U.S. Exports Hit $178 Billion in July
By R. Mitchell on Sep 08, 2011 in Money
WASHINGTON, Sept. 8, 2011 /PRNewswire-USNewswire/ – The United States exported $178 billion in goods and services in July 2011, an all-time high, according to data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. Exports of goods and services over the last twelve months totaled $2.005 trillion, which is 27.3 percent above the level of exports in 2009. [...]
Government Causes Housing Crash Then Sues Everyone Else
The U.S. government on Friday sued 17 banking firms for their roles in the housing crash. The financial institutions are being accused of selling $196 billion dollars of now-toxic mortgage backed securities to Fannie Mae and Freddie Mac. The Federal Housing Agency (FHA) filed suits against Bank of America, Citigroup, JP Morgan chase and 14 [...]
MTBC Names Mavenir the Fastest Growing Tech Company in North Texas
By R. Mitchell on Sep 01, 2011 in Technology
DALLAS, Aug. 31, 2011 /PRNewswire/ – Mavenir Systems was named the winner of the Fast Tech Award on Friday, August 26th at the Metroplex Technology Business Council’s Tech Titans Awards Gala. The award presentation – sponsored by TravisWolff LLP, Comerica Bank and the Dallas Business Journal – revealed the list of the 35 companies as well as their ranking. “We are [...]
Michigan Economy Edges Down in June
By R. Mitchell on Aug 31, 2011 in Politics
DALLAS, Aug. 30, 2011 /PRNewswire/ — Comerica Bank’s Michigan Economic Activity Index edged down one point in June, to a level of 86. The June index level is 15 points, or 21 percent, above the cyclical index low of 71. Year-to-date, the index has averaged 88 points, three points above the average for all of 2010. “The Michigan index [...]
Mortgage Rates Inch Higher
By R. Mitchell on Jul 28, 2011 in Money
NEW YORK, July 28, 2011 /PRNewswire/ — Mortgage rates turned course this week with the benchmark conforming 30-year fixed mortgage rate rising to 4.74 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.35 discount and origination points. The average 15-year fixed mortgage moved up to 3.83 percent, as did [...]
Study Reveals Impact of Real Estate ‘Shadow Inventory’ on Recovery
By R. Mitchell on Jun 30, 2011 in Money
ATLANTA, June 30, 2011 /PRNewswire/ — Despite steady gains in key industry sectors, the nation’s housing market continues to exert pressure on the overall rate of economic recovery. While financial conditions across multiple financial sectors suggest economic stabilization and growth, delinquencies still exceed pre-recession levels due to continued turbulence in the mortgage marketplace, according to Equifax (NYSE: EFX) [...]
Mortgage Rates Reverse Course
By R. Mitchell on Jun 16, 2011 in Money
NEW YORK, June 16, 2011 /PRNewswire/ — Mortgage rates increased this week, following a nine-week streak of declines. The benchmark conforming 30-year fixed mortgage rate is now 4.71 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points. The average 15-year fixed mortgage jumped up to [...]
Mortgage Banking Giant Agrees to Pay Homeowner $30,000 as Part of Settlement Agreement
By R. Mitchell on Jun 14, 2011 in Money
With pending counterclaims of fraud and predatory lending, Deutsche Bank agrees to pay defendant $30,000 and issue a letter to correct credit to settle a New Jersey foreclosure action PHILADELPHIA, June 14, 2011 — Shaffer & Gaier, LLC announced today that its client has agreed to a $30,000 cash settlement with Deutsche Bank in an [...]
Mortgage Rates Lowest Since Thanksgiving
By R. Mitchell on Jun 02, 2011 in Money
NEW YORK, June 2, 2011 /PRNewswire/ — Mortgage rates fell for an eighth consecutive week, with the benchmark conforming 30-year fixed mortgage rate falling to 4.69 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.39 discount and origination points. SURVEY RESULTS 30-year fixed: 4.69% — down from 4.75% last [...]
