The Wall Street Journal reports that JP Morgan will be charging large clients, such as hedge funds for deposits because new rules make holding these deposits unprofitable. You see, unlike It’s A Wonderful Life, the world does not have a Jimmy… Read More ›
banking
Time To Rate Regulators’ Potential Settlement With A Ratings Agency
Yahoo Finance reports that Standard & Poor’s Ratings Services is nearing a settlement with regulators over how it rated mortgage-backed security bonds before the financial melt-down. You know, those securities that almost took down the global economy because some of… Read More ›
3 Theories We Speculate As To Why The President’s Credit Card May Have Been Declined
Business Insider reports that President Obama says he had his credit card declined at a New York City restaurant. Fortunately, the President said the First Lady had her card. The President suggested that the card had not been used recently,… Read More ›
Dear Twitter Spambots, Feel Free To Tweet Us Some Money
Reuters reports that a French bank is now allowing you to transfer money to your followers via Twitter. 3 Frequently Asked Questions That We’d Like To See Based On This Story 1. “I’m cheap and when I split the bill… Read More ›
Hey, You Have An Issue With Goldman Sachs? Talk To One Of Its 10,000 Vice-Presidents!
Bloomberg reports that a U.S. appellate court has sent a case to be heard by a jury to determine the meaning of “Vice-President” at Goldman Sachs. A former employee claims that a “Vice-President” is an “officer” of the company, and… Read More ›
Russian Bank Has Lame Promotion Involving Lending Cats
CNN reports that as some Russians believe having a cat enter a new home is good luck, Russia’s largest bank, Sberbank, is offering the first 30 people who get a new mortgage a new cat. Oh, by the way, you… Read More ›
3 Reasons Your College Couch May Be More Trustworthy Than Your Bank
Fox News reports several college students in New York found $40,000 in a couch they bought for $20 from the Salvation Army. They found the money after investigating why the couch was so “uncomfortable.” We’re glad to hear the answer… Read More ›
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