Banks Reopen in Cyprus for First Time in Nearly 2 Weeks
Banks in Cyprus opened their doors on Thursday for the first time in almost two weeks, with tight controls on transactions to prevent a run on deposits.
banks
Prepaid Cards: Banks and Celebrities Love Them ... But Should You?
When financial industry reforms in Washington nixed some of banks' favorite ways to drain extra profits out of your credit and debit cards, they turned to a slightly different piece of plastic: the prepaid credit card. And celebrities are looking to profit from them too.
Gift Cards Are Great, But Watch Out for Those Fees
Depending on the type of gift card you buy, you could end up paying $25 or more in purchase and shipping fees -- and that's before the maintenance fees kick in.
Banks Drop Fees for Hurricane Sandy Victims
With much of the northeastern United States either hunkered down for Hurricane Sandy or evacuating to higher ground, two of the nation's largest banks have given consumers breaks on fees until the storm passes.
Vikram Pandit Quits as Citigroup CEO
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday after steering the bank through the 2008 financial crisis and the choppy years that followed. Also resigning: President and Chief Operating Officer John Havens. Citigroup offered no explanation for the sudden departures.
Bank Fees Further Erode Free Checking Accounts
Truly free checking accounts are becoming rarer as banks add more fees to boost their profits. Among other fees, the average monthly service fee on checking accounts is a record $5.48, up 25 percent from the Bankrate survey a year ago.
Afraid Your Credit Card Data Was Hacked? Here's What to Do Now
No one likes to hear that their bank, credit card issuer, transaction processor, or any of the merchants they've used who issue plastic has been hit with a security breach. But it happens: These are the steps to take afterward.
More People Like Their Banks Than the Government
Despite the din from the Occupy Wall Street crowd, not everybody dislikes financial institutions -- at least, not their own. A new poll shows a much higher approval rating for our banks than we give to the folks in Washington.
The Long-Term Relationship You Just Can't Quit
For all the anti-bank anger erupting across the country, relatively few of us are actually leaving our financial institutions.
More Southerners Are Off the Banking Grid
More people in Southeast don't have bank accounts than in any other part of the country. Mississippi leads the country with more than 16% of households using cash-and-carry for all their transactions. That's a situation that can keep families from climbing the ladder of success.
Why 'Bank Transfer Day' Won't Work
More than 64,000 of Americans have signed up to participate in "Bank Transfer Day" on November 5. Most will likely fail in their mission to switch to a new bank, according to a report released Wednesday.
Fewer Than 1 in 4 Americans Trust U.S. Financial System
Americans are growing even more distrustful of their financial institutions. The latest figures from the quarterly Chicago Booth/Kellogg School Financial Trust Index showed that only 23% of those surveyed said they trust the country's financial systems, down from 25% in June.
A Reader Asks: How Can I Increase My Credit Limit?
A reader named Crystal wanted to increase the limit on her credit card, but got denied -- and she found the explanation the card company gave her cryptic. DailyFinance's Laura Rowley decodes the message and offers tips on accessing credit.
A Reader Asks: Is My Money Safe in the Bank?
More than 70 U.S. banks have failed this year, according to the FDIC. And one DailyFinance reader wants to know how safe is the money in our bank accounts? Laura Rowley responds.
Big Banks Boost Fees Again: What Will You Do About It?
Bank of America's announcement this week that it would start charging a monthly $5 fee for using a debit card to make purchases is the latest in banking industry upcharges. As fee-free options for banking dwindle, the bottom line is that consumers are paying more to use their own money.