Recent quotes, pleas… from leaders in banking!

Hear this: "Don't give up on us... give us a chance to execute.": Vikram Pandit, Citigroup. "We're Americans first and bankers second.": John Stumpf, Wells Fargo  & Co. "I feel more like corporal of the universe, not captain of the universe at this moment.": Ken Lewis, Bank of America. "As an industry, we clearly made … Continue reading Recent quotes, pleas… from leaders in banking!

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Pay your credit card bill even a day late, you’re heavily penalized, but…

It is indeed ironic, that billions of dollars are being used to bail out errant banks and financial institutions. When it comes to slapping finance charges, and late fees on even the best of their long term customers, these banks are hawk-eyed and merciless. Unscrupulous to the extent that without any warning to the customer, … Continue reading Pay your credit card bill even a day late, you’re heavily penalized, but…

Bank buckles… Citi grabs Wachovia!

For just a buck a share! "All deposits are fully protected.... Wachovia did not fail; rather, it is to be acquired by Citigroup Inc. on an open bank basis with assistance from the FDIC." “For Wachovia customers, today’s action will ensure seamless continuity of service from their bank and full protection for all of their … Continue reading Bank buckles… Citi grabs Wachovia!