banking

government mortgage refinance program

How Successful is the HARP Government Mortgage Refinance Program?

H.A.R.P. Government Mortgage Refinance Program It’s been nearly four years since the original version of the Home Affordable Refinance Program (HARP) was announced by the White House and the Federal Housing Finance Agency (FHFA). HARP is part of an Obama administration initiative to bring stability to the U.S. housing market by helping homeowners avoid foreclosure. […]

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Online Banking

Will Online Banking Render Tellers Obsolete?

Throughout the history of banks, tellers represented the connection between individuals and their money in a financial institution. They handled deposits, transfers, withdrawals, loans, credit increases and account openings and closures. The Internet, however, has started to change all of that. More than ever before bank customers are choosing to process their transactions online or

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FATCA

Protect Yourself from the Effects of FATCA

How will the U.S. Foreign Account Tax Compliance Act (FATCA) impact you? In an attempt to wring every last tax dollar out of Americans the Obama administration enacted FATCA into law on March 18th, 2010. With its 30% withholding Tax, it sent shock waves throughout the world. It is estimated that this law would cost global banking institutions between

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US Financial System: Is It Finally Stable?

US Financial System- Bernanke comments raise questions about banks Four years after we brushed up against “financial Armageddon,” did you think you’d be reading this? Federal Reserve Chairman Ben Bernanke said…banks need to have more capital at hand in order to ensure the financial system is stable. Bernanke said regulators were taking steps to force

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America’s Biggest Banks: How Safe Are They?

“The Coming Worldwide Bank run” Lost in the clamor over the central banks’ “let there be liquidity” pronouncement, Standard & Poor’s just downgraded fifteen major U.S. and European banks. The downgrade doesn’t mean Bank of America, Goldman Sachs, Citigroup, Barclays, UBS, Wells Fargo and others will close shop tomorrow. But the long-term credit downgrade does raise questions

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Economic Insights from a Lord of Finance

By David Galland, The Casey Report Of all the social memes related to the economic and investment landscape, none is more dominant than that there is a small cadre of powerful Wall Street money men who, working behind the scenes, effectively control investment markets, the global economy and the politicians that play such a big

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