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Bank Customers Lose Real Money

Jeff For Banks

Heck, maybe there'll be a reassessment and your real estate taxes will go down. Taxes go down? Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. I made a funny.

Taxes 78
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement. What caused it?

FDIC 78
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Personal Capital Review: Free Tools and Paid Wealth Management

MyBankTracker

Personal Capital is an online wealth management concept that started in 2009. The cash account is an FDIC insured financial account, but the APYs are rock bottom. This tool, which only paid clients get access to, helps you develop a personalized and tax-efficient withdrawal strategy for your retirement plan. Tax Optimization.

Tools 52
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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending. The Great Recession lasted from the fourth quarter 2007 through the second quarter 2009, according to the National Bureau of Economic Research. Maybe sub out an economist or two.

Lending 60
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The Only Thing to Hate About Personal Finance Management Is the Term ‘PFM’

Javelin Strategy & Research

I said that in first PFM report for Javelin in 2009, and I’ve repeated it in the seven reports since, most recently in “Managing Money in the ‘Mobile-First’ Era: A Blueprint for On-the-Go Personal Finance Management.”. Digit is an FDIC-insured automated savings account. In January, Capital One snatched up Level Money’s budget app.

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The Thinker

Independent Banker

When the economy came crashing down in 2009, The Peoples Bank was able to work with customers facing hard times. FDIC Advisory Committee on Community Banking, member. “I was more upset that I could see the customer getting in trouble—the customer putting himself in a position where he would lose his house, equity or credit.”.

Ohio 70