Financial News
Bank of America Announces Investment in Green Technology
Innovative heating and cooling service technologies expected to reduce bank’s energy costs and carbon footprint by 50% more than traditional service methods
CHARLOTTE, N.C., July 30 /PRNewswire/ — Bank of America today announced a strategic investment in Philadelphia-based technology and services company Field Diagnostic Services, Inc. (FDSI), and plans to deploy the firm’s energy management [...]
American Express Travel Survey Finds Pursuing Personal Interests Drives Travel Despite Current Economic Conditions
From Food to Music to Sporting Events, 87% of Respondents Indicate that Travel Involving Personal Interests Will Remain the Same or Increase Over the Next Two Years
NEW YORK, July 29, 2008 — From jetting overseas for a culinary experience to a desire to learn life-enriching skills while on vacation, travelers are intent on continuing [...]
Many Wealthy Americans More Satisfied with Their Alternative Investments Than Traditional Investments During Last 12 Months
Bank of America Survey of High Net Worth Indicates Investors Understand Risk and Rewards, But Want Oversight and Assurance
BOSTON, July 29 /PRNewswire/ — Many wealthy individuals who held alternative investments expressed greater satisfaction over the last 12 months with every category of alternatives, including hedge funds, venture capital, real estate and private equity, than their [...]
American Express Business Travel to Launch BusinessTravelConnexion.com, a B2B Online Community
Online Network to Create the Business Travel Industry’s Premiere Destination for Relationship Building and Sharing Best Practices, Research and Industry News
LOS ANGELES, CA, July 28, 2008 — During a press conference today at the National Business Travel Association (NBTA) International Convention & Exposition, American Express Business Travel announced plans to launch a business-to-business online networking [...]
Bank of America, Citi, JPMorgan Chase and Wells Fargo & Company Announce Support for Covered Bond Statements from FDIC and U.S. Treasury Department
Large U.S. banks join together to support development of a U.S. covered bond market to supply stable mortgage funding
WASHINGTON, July 28 /PRNewswire/ — In a joint statement today, Bank of America, Citi, JPMorgan Chase and Wells Fargo announced their support for two recent regulatory efforts taken to promote the development of a U.S. covered bond [...]
Credit Card Rate Report
The annual percentage rates (APR) for select major credit card categories were flat to higher this week, after a speech by Fed Reserve Chairman Ben Bernanke that fueled speculation that the central bank could raise interest rates to combat inflation.
Below are the rates for up to nine credit card categories, of which three had higher [...]
HSBC Launches ”Green” Credit Card
HSBC Finance Corporation’s card and retail services business has introduced a credit card that gives consumers the opportunity to use earned rewards to make a contribution to a variety of environmental causes. The HSBC ecosmartsm MasterCard with Plus Rewards leverages HSBC’s commitment to provide environmental-friendly products to a broad [...]
Three out of four Americans say they aren’t saving enough
A new analysis of Americans shows that most people are not saving as much as they should at the same time people do not seem to be too concerned about it according to Pew Research Center’s Social & Demographic Trends project.
Three out of four Americans say they are not saving enough, according to the survey [...]
38 Charged in Phishing Scams
Thirty-eight people were charged yesterday with stealing names, Social Security numbers, credit card data and other personal information from Internet users as part of a global crime ring.
The gang (Romanian-based) phishing scams used the internet to scam thousand of consumers and hundreds of financial institutions, according to indictments unsealed in Los Angeles and New [...]
Fed auctions $75 billion to ease credit problems
In an effort to relieve the credit markets, the Federal Reserve had auctioned $75 billion in loans to troubled banks, so far the total since December is at $510 Billion
Housing, credit and other financial problems have been a drag on the economy since last August and hit a crisis point in March of 2008 with [...]
