Articles

What is one person's misery is another's opportunity. Billionaire Wilbur Ross just received permission from regulators to buy a majority stake in Florida's First Bank and Trust Co. Many believe this is a platform to purchase other distressed banks.

Freddie Mac's weekly survey says that the rate on a 30 year fixed rate loan has fallen below 5% for the first time ever. But you may have trouble finding a rate this low.

Etrade is offering $25 to open a new online savings account and fund it with $1. The $1 minimum deposit required to receive the $25 is as low as they get.

For some time it looked like Bank of America might fly over the banking crisis and actually prosper by vulture investing in Countrywide and Merrill Lynch. Now, it looks like it is choking on the bones it tried to swallow. It's stock is at its lowest point since 1992 and the future doesn't look so bright.

I don't care whether Steve Jobs comes back or doesn't.

Amid news that the company is selling Smith Barney, its prized asset, and selling off the rest of its assets, the stock is down 20% and is below $5 again. is it possible that it has entered the death spiral?

Bank of America is offering $50 to open a Bank of America checking account and fund it with only $100. That means a $100 investment can earn 50% in just a couple of days.

The judge is keeping Madoff out of jail and comfy in his penthouse apartment in New York. This decision came down today even while everyone else, including the government prosecutor, is clamoring for his head and for burying him in jail. It is obvious what is going on.

Bill Gross of Pimco and many other anlaysts are saying that Treasury Inflated Protected Securities (TIPS) are very cheap and offer a good investment as the government's stimulus program begins to reawaken inflation.

I've recently stepped up my opening of online bank accounts, but now I am getting concerned that while the process makes sense to keep my savings growing, I may be killing my credit rating.

The individual investor, for as long as one can look back, dominated the municipal bond market. Munis were tax free and, most important, safe. With everything unraveling in front of our eyes – from mortgages to credit to banks – it is no surprise that a new shoe is now dropping – the municipal market. And, it is not a pretty picture