'These weasels.' Bank of America gets ripped online for killing free accounts

'These weasels.' Bank of America gets ripped online for killing free accounts

The Charlotte-based bank this month completes a years-long phaseout of its eBanking account, which didn't charge monthly maintenance fees if customers received paperless statements and didn't use bank tellers for routine transactions. Bank of America has converted such customers to another
See Original Article

First Bank Goes Big into Peer To Peer Lending, Launches "Cent"

“First Bank wanted to launch a tool that was not only easy to use, but also secure, flexible and fast for our customers,” said Michelle Leibowitz, senior vice president and director of digital channels at First Bank. “Unlike others in the peer to peer lending space, Cent allows users to keep transactions private
See Original Article

Millennials to overtake boomers in real estate spending within five years

Millennials are expected to take a bigger share in the real estate market five years from now, with their spending power rising to 66.1%. According to a study conducted by the First National Real Estate, millennials are earning more money than prior generations, boosting their buying budgets above both
See Original Article

Across China: Brass band brings fame and fortune to former coal mining village

NANJING, Jan. 23 (Xinhua) — Meng Hui began learning to play the trumpet at age 21, not for fun, but to earn money, after he lost his job at a coal mine in Mazhuang Village, east China's Jiangsu Province. Some 15 years ago, the village brass band offered him a job with a stable salary. He has continued
See Original Article

Investors 'Flocking In' to Real Estate Lending

Real estate lending is quickly becoming a mainstream option. “With Silicon Valley and Wall Street bringing added security to the private money market, investors are flocking in — drawn by returns as high as eight percent,” Montagne said. A key component with real estate lending investments is a higher,
See Original Article

Long-term trends boosting listed real estate

Furthermore, e-commerce giants such as Amazon and Alibaba are disrupting the retail world, and real estate markets could benefit from this trend. “Logistics facilities have been nicknamed 'cheap malls' in certain real estate circles as they are now a vital cog in any e-commerce transaction and play the
See Original Article

BNN's Daily Chase: Trudeau meets world's elite in Davos; Cara buying The Keg for $200M

BNN's Daily Chase: Trudeau meets world's elite in Davos; Cara buying The Keg for $200M … -Restaurant Brands International has moved CFO Josh Kobza into the role of chief technology and development officer, with continued responsibility for developing the Tim Hortons, Burger King and Popeyes
See Original Article

20 Dividend Increases: January 15-19, 2018 (Part 1: Energy And Real Estate Sectors)

In the past week, 20 companies on my watch list declared dividend increases, including 2 of my DivGro holdings. Part 1 covers dividend increases for the Energy and Real Estate, while Part 2 will cover dividend increases for the remaining sectors. As a bonus, I include a summary of available
See Original Article

Fitch: Mortgage lending could slow further this year

Amidst the stabilising home prices in Sydney and Melbourne, mortgage lending in Australia is expected to slow down this year according to Fitch Ratings. According to the ratings agency, new mortgage lending growth eased in the past year, against a background of modest economic growth and
See Original Article

Howard Hanna Real Estate Services continues to expand in Hampton Roads market

Howard Hanna Real Estate Services is excited about its future in Hampton Roads and the opportunities that exist for it here. “In this marketplace we've got a couple of acquisitions of some companies that we'll be rolling in to our operation … one that will probably be announced in the next 30 days or so
See Original Article

Estabrook Capital Management Reduces Position in Honeywell International Inc. (HON)

Estabrook Capital Management reduced its position in shares of Honeywell International Inc. (NYSE:HON) by 2.7% during the third quarter, according to … Argus lifted their target price on shares of Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a research note on
See Original Article

Is 2018 the year to buy a house?

The supply of housing still won't be able to keep up with demand this year, experts predict. And the homes that do hit the market will sell fast. A balanced housing market tends to have about six months of supply, according to Nela Richardson, chief economist at Redfin. In December, the market had less
See Original Article

What is equity? 15 terms every new home buyer should know

“This number is typically different from the value assigned by a private home appraiser, and sometimes different from what a home will sell for on the market,” noted Four Seasons Sotheby's International Realty in its list of 21 Basic Real Estate Terms You Need To Know Before Buying Or Selling.
See Original Article

Wall Street Culture Has Been 'Cleaned Up,' BofA Vice Chair Says

Omeed Malik, 38, departed after the bank conducted a roughly three-week inquiry that included interviews with other staff who brought up additional concerns, Bloomberg News and other media outlets reported. Malik declined to comment on Saturday. “I'm not saying there isn't an individual that is not
See Original Article

Mortgage rates today, January 23, plus lock recommendations

And rising stocks generally take mortgage interest rates up with them. But today, the shutdown is nullified, stocks are relatively flat, and lenders have pulled back on mortgage pricing. Interestingly, the only loan rates that rose were government-backed programs. Post-shutdown, lenders should be able to
See Original Article

The Winners and Losers in Trump's Trade Crackdown

Tariffs are meant to punish, and protect. Who comes out as a winner or loser from the U.S. decision to slap duties on solar panels and washing machines isn't straightforward. While the obvious winners are American manufacturers that will likely become more competitive, foreign companies that have
See Original Article

Fintech Entrepreneur Joy Schoffler Turns To Multi-Family Real Estate Investment For The Retail …

Our next installment is an interview with Joy Schofler, Chief Strategy Officer at real estate investment firm Casoro Capital. Schoffler is a long-time investor who, prior to joining Casoro, was the founder of Leverage PR, which provided marketing and communications to financial services, technology, real
See Original Article

Shares Seesawing -12.50% on Volume: Fountain Healthy Agi (FHAI)

Investors are paying close attention to shares of Freddie Mac Var Pfd (FMCCG). A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Moving averages
See Original Article

Why Is Active Mobile Banking Use Growth Declining at the Big Banks?

UserTesting studied why the top three largest U.S. banks, Bank of America, JPMorgan Chase, and Wells Fargo have experienced a gradual decline in growth of active mobile banking users. In the process of its analysis the Mountain View, Calif. based UserTesting, which provides on demand customer
See Original Article

Trump's pick to head FDIC vows to address non-bank licenses 'hold-up'

Fintech firms are closely watching to see if Jelena McWilliams, nominated to head the Federal Deposit Insurance Corporation (FDIC), will end the regulator's informal moratorium on issuing Industrial Loan Company (ILC) licenses – one of the few ways non-bank companies can move into deposit-taking.
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.