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December 7th, 2012

Saving Money With Banks The Right Way

(George Sterling) - We often open a bank account and store our valuable funds thinking that we are doing the right thing and saving money. A lot of us consider this the most secure way of saving money, but have you ever thought about the various bank fees that come attached with your account? Don’t forget that banks [...]

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November 23rd, 2012

How To Ensure The Safety Of Your Credit Cards

(George Sterling) - Every individual’s worst nightmare is to have his or her credit card information stolen. Plenty of people lose their credit card information on the internet and in shops and therefore, it is extremely important to use your credit card securely. Today, I am going to discuss some important tips for using your credit cards in [...]

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October 12th, 2012

JPMorgan Reports Record Profit

(George Sterling) - The largest bank in the United States, JPMorgan Chase & Co reported record 3rd quarter profit earnings due to a big surge in home loans. According to the bank’s officially released statement, the total net income generated in the third quarter was $5.71 billion, which in terms of share value is a $1.40 per share [...]

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October 8th, 2012

World Bank Cuts Economic Forecast of East Asia: Stock React Negatively

(George Sterling) - On Monday, the World Bank cut its economic growth forecast for the East Asia region, due to which, stocks dropped. The World Bank pin pointed concerns regarding corporate profits along with the overall negative global economic outlook as the reasons of cutting the region’s growth forecast. On the other hand, World Bank also raised concerns [...]

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September 26th, 2012

Getting A New Bank Account When You’re Bankrupt

(George Sterling) - If you have a decent credit history, setting up a bank account will not be a hassle for you. Banks admire people with good credit histories and want them to open new accounts in their branches. However, for those who don’t have good credit histories or people who just filed for bankruptcy, opening a new [...]

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September 25th, 2012

Discover Network To Pay $214 For Deceiving Marketing

(George Sterling) - According to two federal agencies, Discover Network will pay $200 million to 3.5 million customers, who used the bank’s credit cards, due to deceiving marketing. The total amount which Discover Network is due to pay is $214 million. The federal regulators have said that the $200 million which the bank has been charged with will [...]

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September 24th, 2012

Banks That Still Offer Free Checking And Amazing Interest Rates

(George Sterling) - With Bankrate.com’s survey revealing sky high fees for checking accounts, obtaining an account that offers no minimum balance requirements has become harder than ever. However, there are a few banks and credit unions that still offer free checking as well as amazing interest rates and some of them are listed below: Bank of Internet USA [...]

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September 20th, 2012

Central Banks’ Fiscal Stimulus Causes Ripple Effect In Different Economies

(George Sterling) - Some of the biggest central banks in the world are promoting fiscal stimulus by injecting money in financial markets. As a result of this, other economies are also being prompted to follow the same routine. Due to the huge money injections by some of the largest central banks, few governments are being forced to take [...]

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February 27th, 2012

Spotlight on REITs: Chastan Capital

(Money Manager) - Chastan Capital: This Real Estate Investing Trust specializes in mortgages and funding, it will fund and buy mortgages from commercial and multifamily homes and apartments; it would also buy liens from other lending facilities and banks as well as buy physical commercial and retail properties such as malls and shopping centers. This company was founded in 1998 in Atlanta Georgia.

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November 14th, 2011

Spotlight on REITs: INMC Mortgage Holdings

(Money Manager) - INMC Mortgage Holdings: This real estate investment trust company invested mostly in residential and commercial mortgages. Up until 1993 INMC Mortgage Holdings was mostly a passive company owned by Countrywide Credit Industries, but that year it broke away and started to aggressively purchase investments and properties, giving out billions of dollars worth of risky and potentially dangerous residential mortgages, that if done right would yield a very high interest rate that would set the company’s net worth soaring.

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