Category: Personal Finance
African Banks Turn to IBM to Support New Wave of Innovation in Banking Services
IBM has announced details of five strategic agreements in the Kenyan financial services sector as banks across Africa turn to advanced technologies to support rapid growth, increase profitability and launch innovative new services such as mobile and internet banking. Over the last six months IBM has signed contracts with five of Kenya’s leading banks: Credit [...]
Bank of America axes $5 debit card fee
So the day after Suntrust decides to axe the debit card fee, Bank of America said Tuesday it’s axing its plan to charge a $5 fee for customers who use their debit cards to make purchases. In September, the bank announced that it would begin charging most customers the monthly fee early next year. But [...]
SunTrust, Regions latest banks to retreat on debit fees
Finally there is some good news for the average consumer on the banking front as the big banks’ race to backpedal on controversial debit card fees has picked up speed. SunTrust (STI, Fortune 500), a large regional bank based in Atlanta, announced Monday that it will no longer charge $5 a month for debit card [...]
GM to unveil 580 horsepower Camaro convertible
General Motors will unveil the most powerful convertible Chevrolet has ever made at the Los Angeles Auto Show in November. The 2013 Camaro ZL1 convertible will be powered by a 580 horsepower 6.2-liter V8 engine. The car’s power output will exceed the current rating of its closest competitor in the marketplace, the Ford (F, Fortune [...]
Companies in North Dakota Hiring Like Crazy
Believe it or not, a place exists where companies are hiring like crazy, and you can make $15 an hour serving tacos, $25 an hour waiting tables and $80,000 a year driving trucks. You just have to move to North Dakota. Specifically, to one of the tiny towns surrounding the oil-rich Bakken formation, estimated to [...]
Bank of America to charge $5 monthly debit card fee
It appears that the good ol’ days of debit cards are back as Bank of America becomes the latest bank to slap the debit card fee on consumers. According to CNNMoney, Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Whether [...]
Tesla aims to be profitable by 2013
Tesla Motors has been a great story trying to build performance cars while staying electric. This Saturday, Tesla Motors is holding a test drive to reveal the latest versions of its second zero-emission automobile, the all-electric four-door Model S to several thousand reservation holders. Tesla has made some extraordinary claims for the car, and analysts [...]
State Farm Says U.S. Catastrophe Claims $5B
State Farm Mutual Automobile Insurance Co. said it has paid $5 billion this year to repair, rebuild and replace property damaged by flooding, tornadoes and wildfires in the U.S., in what it expects to be one of its busiest years. Policyholders have filed more than 970,000 catastrophe claims, the company said in a statement today. [...]
Iraqi Banking System Needs Overhaul
BAGHDAD: Decades of dictatorship, war, international sanctions, and isolation from the outside world have left Iraq’s banking sector in such a poor state that people do not believe such things as cash machines or a “smart card” exist, a senior banking official says. Rafidain Bank Director Abdul-Hussayn al-Yasiri told RFE/RL’s Radio Free Iraq that if [...]
Managing your debt and credit
I cam across a fantastic guide on how manage your debt, credit and make decisions to accomplish important financial goals. The guide goes through 6 key subject topics, such as: Managing Debt and Credit, installment debt, revolving line of credit, intelligent use of your credit, how to get rid of credit card debt and what [...]
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