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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.