President Barack Obama said on Monday the huge trading loss at JPMorgan Chase & Co illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention. “JPMorgan is one of the best managed banks there is. Jamie Dimon, the head of [...]
I have just over $3,000 in debt on my credit card, which has a $4,000 credit limit. I’m thinking of doing a balance transfer to a card that has 0 percent interest for a year. All my debt is from emergency car repairs and other bills when I didn’t have a job. I have a [...]
In the past year alone, banks have taken many actions to make up for lost profits, including eliminating free checking, raising fees, and pushing consumers to buy more financial products from them. A big bank offers an average of 5 different checking accounts; some offer as many as 8; At any given big bank, there [...]
Workers who retire this year can expect their pensions to be £3,000 less than they would have been in 2008. Big falls on the stock- market and record low annuity rates – which determine the annual income savers can buy with their pension pots – have wreaked havoc with the retirement plans of millions. A [...]
I have my credit report and don’t understand what I’m looking at. There is a bunch of stuff on my credit file that I don’t recognize. There is a Bank of America account that I closed a long time ago. There is also a medical bill that I’m pretty sure I paid, and it’s showing [...]