TARP Repayments Push Geithner to Focus on Unemployment, Credit Bloomberg
15.12.09
Dec. 15 (Bloomberg) -- The U.S. banking industry moved out
of intensive care when Citigroup Inc. and Wells Fargo & Co. said
yesterday they will repay their bailout funds. Treasury
Secretary Timothy Geithner still can’t claim the patient is
healthy.
The Treasury is in line to get back $20 billion from New
York-based Citigroup, which needed two capital injections from
the government to stave off collapse. Wells Fargo plans to
return all $25 billion that taxpayers invested in the San
Francisco-based lender a year ago, making it the last of the
nation’s largest banks to pledge an exit from the Troubled Asset
Relief Program.
Geithner and President Barack Obama have said the $700
billion financial bailout averted an economic meltdown and will
end up costing taxpayers no more than $140 billion. That is
unlikely to deflect public anxiety about an unemployment rate
near a 26-year high or declining bank lending. Eight of 10
Americans see joblessness as the greatest threat, according to a
Bloomberg National Poll this month.
Source:
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Banks????????/?
Oct 18, 2007 by hello | Posted in Personal Finance
Banks????????/?
pls someone say me how canara bank works and how to open an account?about taking loans and anything u know about this ,
i have to do my project so kindly help me!!!!!!!!!
1st of all why u consider canara bank there is another banks like pnb and many more and mncs then i will tell u
vinsan | Oct 18, 2007
go to the nearest branch of Canara Bank and ask the monager for help. he can give u all the answers correctly.
ikki | Oct 18, 2007
HOW can banks attract you? What would the perfect bank look like and do to get your attention?
Apr 26, 2007 by Banks.?s.to.the.world | Posted in Other - Business & Finance
Of course the obvisious answer would be MONEY. Everyone would love to bank or open an account with a bank that gives free money. But lets put money aside for one second. What other ways can a bank get your attention and get you to be one of their customers? Lets start with products. Free checking, no atm fees, extended hours, better interest rates, no fees for overdraft or even give excellent customer service, etc... How can a bank better serve you? Now what about activities, giveaways, or promotions can a bank do to attract you? For example, kids events, charitity events, pens, sport bottles, food, vacation packages, gift certificates, etc... What kind of trinkets or goodies do you like to recieve from companies? So lets hear it people!! What will get your attention or attract you to start or change banks.
Free checking, no atm fees, extended hours, better interest rates & no fees for overdraft - all these features combined would do it for me. I've been with my bank for over 20 yrs and don't get these features. Community events just attract attention. If you don't have the plan features, no matter what give-aways you offer, you won't attract business.
Now are you in a rural area or city? Are you looking to attract individual accounts or business. Which according to your business model are more profitable for you? This will determine what types of give- away items you'll want to consider.
shadow | May 02, 2007
Forget product...Your fee structure is too much. You segregate the ccount ccorfing to their sie nd don't treat people the same s the brokerage house will do.
sportmavericks | Apr 26, 2007
How do Banks decide when to offer an overdraft and when to increase it?
Oct 24, 2007 by Keith W | Posted in Credit
I've been told that it has to do with the banks 'coursing' information that they hold on you as a customer. Is this true? How exactly does it work? Do they share information with other banks in this respect? Do you run the risk of being refused an overdraft if a bank credit checks you and see's that you have too many other overdrafts?
Bank offers overdraft to anyone who has an account with that particular bank. It doesn't cost anything to enroll. However, when you overdraft your checking account, they either transfer the money from your savings account or your credit card to cover the shortage. The fee for transfer is $10 but they will charge you at the ATM or cash advance rate normally 19.99% or 21.24% depends on your credit.
If you have a relationship with your bank, they may waive one overdraft fee as a courtersy. If it happened too often, they won't.
Banks do share info with other banks. For instance, if you transfer balances from one bank to another too often (one or twice wouldn't be so bad but to do it everytime the promo rate runs out to avoid paying interest).that information will show up with other credit card companies or banks. Those customers are called "rate surfer customers" .
Refuse to enroll into overdraft protection wouldn't affect your credit in anyway. It's just that you have to pay $32 everytime you overdraft even for $1. It's costly to overdraft your checking account.
Andie | Oct 24, 2007
yes sometimes they check you bankin history. most banks will allow you overdraft forgiveness at least once a year if you call the 800 number and plea
karen w | Oct 24, 2007
Most of the times if you pay your bills on time and if you have steady employment they have some kind of a file and they decide it is time for this and that. They can make you an offer or not. I don't know exactly how it works but they have a way of doing it.
gonzo | Oct 24, 2007
How do these banks compare in services and credit cards for a small business: Wachovia vs Bank of America?
Dec 09, 2007 by Janie | Posted in Small Business
I am trying to choose between these two banks- unless there's another credit card that would be better than what these banks offer...
Please give me the reasons for your suggestion- thanks!
Hi,
I have been a customer of Wachovia for almost 3 years now. I moved from Europe to the US... From day one, i just accumulate disappointment with Wachovia. The customer service is really poor if not existing....They became really interested when i transferrd my Euro to the US and opened a Money Market...On top of that it took me 2 years to get a credit card... Now I'm hunting for a mortgage and the story continues. Poor support and answers.
I will switch to Bank Of Amercia in the next 3 weeks. The rational behind that is only based on testimony from more than 10 people close to me....
This is my personal experience. Sure we will find people with opposite experience.
Note that I heard that Wachovia use to be a great bank who did care about its customers but since Wachovia has been bought by First Union (bad bank reputation), the customer is not the priority anymore...
Hope it will help
Jean-François D | Dec 10, 2007
I do not know about Wachovia, but I would
not recommend Bank of America at all.
Blessed | Dec 09, 2007
What banks can finance a single family residence under 600 square feet?
Jul 09, 2008 by maganda | Posted in Renting & Real Estate
Hello. I am attempting to buy a foreclosure in San Diego that is a single family residence with a total square footage of 528. I was told it is difficult for banks to finance anything under 600 square feet. The house is in good shape but its tiny. I need financing asap since the bank already accepted my offer. Thanks.
Are you working with a Realtor? Ask them to suggest someone.
If not, Find a Mortgage Broker/Banker who can shop the market for you and find an investor who will finance you.
If you cant find anyone, I hope you made the offer contingent on you finding financing, if not, you are out of your earnest money when you back out.
Good Luck!
dogaling | Jul 09, 2008
I dont know of any.........maybe hard money loan but you'll have to bring in a big down payment.
Why would you place an offer without working out the financing first? Hope it was contingent upon financing.
Ask the bank that accepted your offer if they will finance.......they did at one point.
Good Luck
sure, no problem! | Jul 09, 2008
If you need a mortgage consultant to help you with financing on your purchase feel free to get in contact with me. I'm in orange county.
ondreforsure | Jul 09, 2008
What banks do financing on the wholesale side for spec homes?
Sep 19, 2007 by alison a | Posted in Renting & Real Estate
I have a friend who is a builder and would like to use me for his mortgage broker. I have no problem finding banks who will do financing for owner occupied builder programs, but nothing for spec homes. A lot of the banks offer spec programs on the retail side, but I'm having trouble finding it wholesale. Thanks!
I do know what a spec home is
My rep at Indymac said that they only do owner occupied construction, but maybe there is another dept she's unfamiliarr with? I'll ask her again. Thanks!
I don't think you know what is spec home is. A spec home is just a home that is build in speculation of a buyer and was not a custom built home. 98% of all homes built are spec homes.
Leo F | Sep 19, 2007
IndyMac Bank has some decent wholesale programs that are designed to build a few homes in a subdivision at a time etc...
It is a different division of their wholesale side, but if you call your account executive there then I'm sure they can give you the number for them.
They'd be worth checking out so that the builder can finance the building of new homes until he has a buyer for the property
matzael | Sep 19, 2007
What banks in Virginia dont make you deposit money to open it?
Oct 19, 2007 by PrettyBoi | Posted in Personal Finance
Im trying to open up and new bank account so half of my direct deposit can go in that and i can save. Anybody know what banks dont make u deposit any or not alot of money?
Look into an account at the Virginia Credit Union. You need to maintain a minimum of $5 in your accounts. To earn interest, you must have at least $100.
The Virginia Credit Union may have fewer locations, but since they are a credit union they will work with you more and, down the road, they offer guaranteed loans with fixed rates. They offered me the best rate on a car loan and they also split the automatic withdrawal into two monthly half payments.
Good luck!
rec4lms | Oct 20, 2007
Unfortunately, to open any bank account anywhere... you need to have something in the account. banks REALLY dont like it when you have an account with nothing in it.
May i suggest, gettin a jar... taking your first check or two and putting half in the jar. I think BBandT only requires $50 to open an account.
loki_only1 | Oct 19, 2007
You cannot open a bank account with zero dollars. You must put something in it - the minimum depends on the bank.
engineer50 | Oct 19, 2007
What are the best Banks for business relationships and future loans?
Aug 08, 2007 by Wonderer | Posted in Small Business
Do you know of any specific banks (especially in Texas) that are known for good relationships with small (and new)businesses. Some big banks force you to have a Very long relationship before giving you a large line of credit. I am trying to avoid these banks. Any ideas or names?? Thanks
..I think the below website helps you.
baabumishra | Aug 08, 2007
How do banks force collections on countries that owe them money?
Jun 03, 2008 by CrO4^2- | Posted in Credit
All countries, including the U.S., have a national debt, which they owe to banks, right? So how do banks collect the money that's owed to them from all these countries?
Typically, may even be in all cases, countries receive loans through the World Bank.
The link below describes what the World Bank does and how it works.
tudorjason (matt) | Jun 03, 2008
Which large banks in the USA are the most solvent and best capitalized?
Nov 14, 2007 by loutx2 | Posted in Other - Business & Finance
With all the banking problems I want to make sure which bank has the highest rating and it not making sub-prime loans. I know Bank of America made $2 billion dollars worth of bad loans. E - Trade and Countrywide, Citi Corp, and other banks have made billions of follars worth bad sub-prime home loans. Which major bank is not making sub-prime loans and is in good financial shape? That is who I want to bank with.
Chase Manhatten is number one. Citigroup and Suntrust are up there as well.
Washington Post By Pallavi Gogoi, USA TODAY NEW YORK — The high life for bank CEOs has officially ended. Tuesday, President Obama is expected to sign the economic stimulus Dodd’s Pay Limit Makes Wall Street Face Pandit’s ‘New Reality’ Restricting bank executives' pay would stall recovery President of Everything -
Telegraph.co.ukLate Change in Course Hobbled Rollout of Geithner's Bank Plan in a previously considered initiative to pair private investments and public loans to try to buy the risky assets and take them off the books of banks. Should US take over weak banks? Anxiety high as US bank rescue plan in limbo SMG’s Mark Williams on the latest, greatest bank bailout -
Maktoob 17 () -- The euro fell to a 10-week low against the dollar after Moody’s Investors Service said it may downgrade a number of banks with units in Dollar broadly up, euro falls on region risk worry Euro sinks on Eastern European worries US Dollar: Waiting for Obama -
BankInfoSecurity.comPinnacle Bank closed, sold by regulators Pinnacle Bank was shut down late Friday by the Oregon Division of Finance and Corporate Securities. It was the first time an Oregon bank had been closed Four Banks Fail on Friday Riverside Bank's branches reopen TIB Bank opens Riverside Bank branches as own -
Xinhua 17 () -- Bank of East Asia Ltd., the Hong Kong lender that suffered a run on deposits in September, had its first loss in at least four decades Hong Kong banks tumble on weak earnings outlook HK shares drop 0.7 pct as banks drag but end off lows HK shares drop 1 pct as banks slide -
Washington Post By Pallavi Gogoi, USA TODAY NEW YORK — The high life for bank CEOs has officially ended. Tuesday, President Obama is expected to sign the economic stimulus Dodd’s Pay Limit Makes Wall Street Face Pandit’s ‘New Reality’ Restricting bank executives' pay would stall recovery President of Everything -
Telegraph.co.ukLate Change in Course Hobbled Rollout of Geithner's Bank Plan in a previously considered initiative to pair private investments and public loans to try to buy the risky assets and take them off the books of banks. Should US take over weak banks? Anxiety high as US bank rescue plan in limbo SMG’s Mark Williams on the latest, greatest bank bailout -
Maktoob 17 () -- The euro fell to a 10-week low against the dollar after Moody’s Investors Service said it may downgrade a number of banks with units in Dollar broadly up, euro falls on region risk worry Euro sinks on Eastern European worries US Dollar: Waiting for Obama -
BankInfoSecurity.comPinnacle Bank closed, sold by regulators Pinnacle Bank was shut down late Friday by the Oregon Division of Finance and Corporate Securities. It was the first time an Oregon bank had been closed Four Banks Fail on Friday Riverside Bank's branches reopen TIB Bank opens Riverside Bank branches as own -
Xinhua 17 () -- Bank of East Asia Ltd., the Hong Kong lender that suffered a run on deposits in September, had its first loss in at least four decades Hong Kong banks tumble on weak earnings outlook HK shares drop 0.7 pct as banks drag but end off lows HK shares drop 1 pct as banks slide -
