Tag Archives: Wells Fargo

When the banks whine, watch your wallet

Big banks have done lots moaning lately. Every day, it seems, bankers are boo-hooing
PAULSON+MONEY.jpgabout financial regulations cutting into their profits. The bigger the bank the louder the sobs.

To replace lost revenues banks are charging new fees and eliminating services that previously were free. Sometimes the new fees spark a hail-storm of protest and the banks back off. Like last year’s failed debit card fee.

But are the banks really as bad off as they want us to believe?

In a word, no.

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Banks are lending again — finally

After keeping the vault door closed tight for the last several years, banks are finally loaning money again.

PAULSON+MONEY.jpg“With most major banks done reporting fourth-quarter earnings, one trend is clear: For the first time in a while, loan growth is back,” according to a Motley Fool report.

JPMorgan Chase, Citigroup, Wells Fargo, US Bancorp, SunTrust and other banks all report an increase in loan totals.

“A lot of these banks had been paring back on loans for the better part of three years. Not only has that trend turned around, but it’s happened quickly,” Motley Fool says.

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Vote for Worst Company in America

The 32 finalists have been announced and head-to-head battles start today to determine the winner of Consumermist.com’s annual Worst Company in America tournament.

Who will you vote for?

Many well-known companies have again made the finals. Telecom giant Comcast is back to defend its title, but plenty of worthy contenders are in the field including, Verizon, Wells Fargo, Bank of America, WalMart, Toyota, Facebook, BP, Delta and many more.

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