You’ve heard of credit reporting agencies but did you know there are companies tracking your banking history and any money mistakes you make? Most banks look at your consumer report before allowing you to open a checking or savings account. If your record is not good, you could end up literally “blacklisted by banks.”
No question banking on-the-go is easier than ever thanks to our smartphones. And now many banks are offering more services than just paying bills and depositing a check with your phone.
The Great Recession took a toll on the banking industry the likes of which hadn’t been seen since the Great Depression. But in 2012, bank failures finally started to slow down signaling the worst of the financial crisis may finally be in the past.
Citigroup, one of the largest financial conglomerates in the world, announced Wednesday that it was cutting 11,000 jobs worldwide and taking a $1 billion charge.
One more Florida landmark is about to disappear from the horizon with Tuesday’s approval by federal banking regulators of the sale of hometown BankAtlantic to North Carolina-based BB&T. Most of the nearly 80 BankAtlantic branches will get the new name by the end of the year, but still unknown is how many jobs will be lost by the sale.
If you’re a customer of SunTrust bank, get ready to pay higher fees on most of the bank services you depend on.
Florida’s federally insured banks and savings institutions posted a combined net income of $174 million for the period ending March 31, the Federal Deposit Insurance Corporation said. The first quarter figures were up 26.1 percent.
Bank of America is planning major changes to take more of your money per month unless you agree to do more business with the company, according to the Wall Street Journal.
If you’re a new customer of Wells Fargo bank, better check your latest bank statement. It may have information from someone else’s bank account on your document, and your information may be on someone else’s statement, according to the bank. Customers in Florida and South Carolina are affected.