Topic: Bank of America

  • Obama's Jobs Summit; Jobless Claims Drop

    Obama's Jobs Summit; Jobless Claims Drop

    Even with the fact that today the news came in that jobless claims have dropped to a one-year low, the reality is that this is the worst job market in right around 26 years. So, even as the picture starts to improve, things still need to be happening to stimulate … More »

  • Using a Big Bank: Ripped Off by Fees

    Using a Big Bank: Ripped Off by Fees

    One of the realities of banking is that there are fees involved. And, interestingly, the bigger the bank, the bigger the fees. It is rather frustrating to read about bailouts of big banks, only to find that very large percentages of their profits come from fees. So, not only are … More »

  • Bank of America tightens small business loans

    Bank of America tightens small business loans

    Credit may be getting harder to come by for small business owners as Bank of America announces more than $500 million dollars in charge offs of small business loans this past quarter. That’s up from $239 million in the third quarter of 2007.
    What it means is that are cutting back … More »