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Wednesday, October 31, 2012

Kaiser Federal Financial Group Announces Third Stock Repurchase Program

Kaiser Federal Financial Group Inc., Covina, Calif., (Nasdaq:KFFG), the holding company for Kaiser Federal Bank, has announced that its board of directors authorized the third stock repurchase program pursuant to which the company intends to repurchase up to 5 percent of its issued and outstanding shares on completion of the second stock repurchase program, or up to approximately 434,732 shares.

Tuesday, October 30, 2012

Your banker - American Express!

When Kanye West raps about the need to “American Express myself,” it’s a fair bet that he’s not talking about shopping at a Walmart. And yet, defying decades of upscale marketing, American Express (AXP) has partnered with Wal-Mart Stores (WMT) on its newest product, a prepaid debit card, Bluebird, that’s now on sale in 4,000 outlets nationwide.

Monday, October 29, 2012

A little-known credit card service can smooth out travel hazards

You hit a travel snafu, big or small. Maybe you need advice on which shoes to wear for a tour of Athens. Your luggage gets lost in Lithuania. Or you get attacked by a shark in Zanzibar. If you have a credit card with emergency travel assistance, you can summon help with a phone call.

Friday, October 26, 2012

Overview: About Credit Cards MasterCard

The Interbank Card Association was formed by a group of banks, and they initially selected the card name as "Master Charge" in 1966.

Thursday, October 25, 2012

The National Retail Federation released its yearly predictions for Halloween spending

Each year, I begin fall with thrifty intentions: My Halloween costume will be creative and home-made. I will not buy candy because no trick-or-treaters come to my apartment anyway.

Wednesday, October 24, 2012

Credit card use continues to stabilize and posted a 1.88 percent gain from the previous year.

A pair of studies from a leading credit reporting agency shows that credit card use continues to stabilize, especially in parts of the country hit hardest by the recession. Equifax's recent National Consumer Credit Trends Report measured increases in auto loans, student loans, and new credit cards. Meanwhile,

Tuesday, October 23, 2012

Mortgage Rates Unchanged

Mortgage rates were steady to very slightly higher in most cases on Monday, though some lenders were in slightly better territory than on Friday.

Monday, October 22, 2012

Credit Card Rates may be reduced due to New LIBOR

Credit Card RatesEarlier in the year the London Interbank Offering Rate, or the rate at which banks lend to other banks, was found to be a faulty measure of the actual cost of borrowing.

Friday, October 19, 2012

Lloyds Banking Group established a new bank in London

Lloyds Banking Group has finalised the property arrangements for its Verde divestment programme (and the creation of a new bank) by securing a lease of the 5th floor at 20 Gresham Street, London EC2.

Thursday, October 18, 2012

Correcting your credit score!

Your credit score can be a blessing or a curse depending on how good it is. A good credit score will help you to get approved for loans and services. It will also allow you to get a better interest rate on your debt.

Wednesday, October 17, 2012

M&T Bank profit grows by 60%

M&T Bank Corp. MTB +5.35%   said Wednesday its third-quarter profit increased to $293 million, or $2.17 a share, from $183.1 million, or $1.32 a share, in the year-ago period.

Tuesday, October 16, 2012

Your financial life and your signature

Legend has it that to make sure it wouldn't be missed, John Hancock signed the Declaration of Independence with flamboyance and flair. Today, financial scenarios requiring your signature don't require quite as much bravado as Hancock, but how and what you elect to sign can have serious repercussions on your financial life.

Monday, October 15, 2012

Creative awards for credit card holders

Credit card rewards are getting more creative, offering access to everything from early concert ticket sales to racing your own stock car to tandem sky diving.

Friday, October 12, 2012

Merchandise credit cards present a tempting short-cut to a better rating.

For those with bad credit, catalog credit cards (also known as merchandise credit cards) present a tempting short-cut to a better rating.

Thursday, October 11, 2012

Bluebird card: Wal-Mart and American Express teamed up to offer a head-turning payment

This week, the financial and retail giants introduced Bluebird, a prepaid debit card that promises no required minimum balance, no monthly maintenance fees, no annual fees, no activation fees and no overdraft fees.

Tuesday, October 9, 2012

Bond yields should remain in a low range

Treasuries rose the most in almost two weeks after the International Monetary Fund cut its economic forecasts and said there is an “alarmingly high” risk of a steeper slowdown.

Monday, October 8, 2012

Citi comes to the stock market in India

Citi has become the first international custodian bank to offer securities lending services on the National Stock Exchange in India.

Friday, October 5, 2012

The amount of debt held by households is equal to 85% of GDP

Consumer spending's Economists now expect consumer spending to rise significantly in 2013 propelled by a rebound in consumer borrowing. The high water mark is 3.5% economic growth on the back of a recharged consumer who has repaid debt and is ready to spend once more.

Thursday, October 4, 2012

Mortgage Rates Hold 3.25% rates availability

Mortgage rates held steady on Wednesday despite slightly weaker levels in the underlying secondary mortgage market.  Prices of the mortgage-backed securities that most directly affect mortgage rates have held inside very narrow ranges so far this week, building the sense that markets are waiting for guidance from Friday's major employment data. 

Wednesday, October 3, 2012

Bank of America announced that it would drop its controversial product!

Bank of America announced that it would drop its controversial product intended to backstop consumers when they cannot make a payment on their credit card. The product, known as debt-cancellation, is a type of insurance whereby customers accept a small monthly charge to have their debts reduced, forgiven, or requirement to pay suspended in the event of a job loss or disability.

Tuesday, October 2, 2012

Discover refund the money to its customers who participated in the above programs from December 2007 to August 2011.

Discover Joins Rivals in Regulatory SettlementsDiscover Financial Services will refund $200 million to customers and pay a $14 million fine as part of a new settlement that targets non-credit card financial marketing. The settlement comes after Capital One settled over a program that sold payment protection insurance to its customers.

Monday, October 1, 2012

Credit Scores Show in Experian Report no consolation

After losing out to Wausau, Wis., in 2011, Minneapolis reclaimed its top spot this year among U.S. cities with the highest credit scores.