JP Morgan Chase
Bank of America gets $5 billion injection from Warren BuffettPosted by RJ and Makay on Aug 25, 2011 |
>> Read More RJ & Makay Blog Posts
Bank of America has come to an agreement that has Berkshire Hathaway investing $5 billion in the embattled bank. The private offering comes at a time that has seen Bank of America shares lose 30% the past month amid rumors of capital deficiency. The bank denied those rumors and news of a possible merger with JP Morgan Chase.
Financial sector feeling the squeezePosted by RJ and Makay on Jun 10, 2011 |
>> Read More RJ & Makay Blog Posts
A continual low interest rate environment and stagnant loan growth are making financial firms a smaller part of the U.S. economy at a time when new regulations are capping fees that banks charge their retail customers. Net revenue at Bank of America, JP Morgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley will likely fall 3.7% in the second quarter, the fourth year-over-year decline in five quarters, according to 100 analysts compiled by Bloomberg.
Prepaid payroll cards in voguePosted by RJ and Makay on May 31, 2011 |
>> Read More RJ & Makay Blog Posts
5.4 million U.S. workers will get prepaid payroll cards from their employers by 2014, which doubles the number of today’s employees that are compensated in this manner, according to market research firm Aite Group.
“If you don't know where you are going, any road will get you there.”
Lewis Carroll (English Logician, Mathematician, Photographer and Novelist, especially remembered for Alice's Adventures in Wonderland. 1832-1898)
