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Shorebreak

Joined: Apr 6, 2010Comments: 438
Forum Threads: 2,446Forum Posts: 4,039
Rep Points: 21,178
Shorebreak

Recent Community Posts


Trump Accuses Yellen, Fed Of Politicizing Interest Rates
Updated: 53 minutes ago by jimbeau  |  4 comments  |  Financial News

During the debate last night Trump accused Yellen of not raising interest rates for political reasons. This is the second time he claimed the Fed is read more

QE Is Here Forever, Says Bank Of England Deputy Governor
Posted: 2 hours ago by Shorebreak  |  0 comments  |  Financial News

The deputy governor, who is leaving the Bank to head up the London School of Economics, said that interest rates have been at around 5pc for centuries, read more

Traders Doubt Yellen’s December Resolve As Credibility Attacked
Posted: 2 hours ago by Shorebreak  |  0 comments  |  Financial News

Traders see barely more than coin-flip odds that the Federal Reserve will raise interest rates by December, even as Chair Janet Yellen reiterated read more

Wells Fargo Sales Scandal Points To Industry-Wide Problem
Posted: 9 hours ago by Shorebreak  |  0 comments  |  Financial News

Oscar Garza was a personal banker for a Chase Bank outside Dallas. He said aggressive sales tactics aren’t just a problem at Wells Fargo.“Deceptive sales read more

Big Rate Changes At Ally? (Update: False Alarm)
Updated: Sep 26, 2016 by RJM  |  8 comments  |  Bank Deals

Surprised nobody is talking about it.  . But the bottom line is a decline on savings & money market rates and a massive increase in the read more

$250K NCUA Insurance Per Customer Facing Credit Union?
Updated: Sep 26, 2016 by Shorebreak  |  1 comment  |  Ask The Community

Hi, I noticed that a lot of credit unions use the same credit union in the back end to store their money, do transactions, etc. Like for example Catalyst read more

Anyone Using Synchrony Online Bank
Updated: Sep 26, 2016 by MidAtlantic  |  7 comments  |  Ask The Community

Can anyone vouch for Synchrony Bank? I'm considering opening up a savings account because of the high 1.05% interest rate with no minimums or anything read more

Deposit Accounts Email
Updated: Sep 26, 2016 by Anon456  |  4 comments  |  Ask The Community

I received the following email from Deposit Accounts showing large rate drops at Ally Bank.  I don't see the drops at Ally.  Anyone receive read more

Ally Bank Yield Changes?
Updated: Sep 25, 2016 by Shorebreak  |  2 comments  |  Ask The Community

I received an email from depositaccounts.com last night showing some yield changes on Ally Bank accounts. The Savings Account going from 1.00% to .85% and read more

The High Cost Of Being Un-Banked
Updated: Sep 25, 2016 by paoli2  |  1 comment  |  Financial News

Since the 2008 financial crisis, millions of consumers have become "un-banked," ending their relationship with their bank or credit union. In many cases, read more

Bank Of Japan's Big Move Isn't Dispelling Market Fears That Central Banks Are Out Of Ammo
Updated: Sep 25, 2016 by paoli2  |  2 comments  |  Financial News

Can the Bank of Japan's latest twist on its quantitative easing program survive it's own contradictions? The BOJ and its policy makers, led by Gov. read more

The Worst Banks In America (Wells Fargo Isn't Even No. 1)
Posted: Sep 25, 2016 by Shorebreak  |  0 comments  |  Financial News

Wells Fargo was just slapped with the biggest fine in the history of the Consumer Financial Protection Bureau after employees routinely opened read more

The Old Fed Is Dead
Updated: Sep 23, 2016 by paoli2  |  6 comments  |  Financial News

The old Fed is dead. The notion that it could orchestrate economic growth within narrow bounds was excessively optimistic and unrealistic. It may be, as read more

Report: Yahoo To Confirm Major Data Breach Affecting At Least 200M Accounts
Updated: Sep 22, 2016 by Shorebreak  |  3 comments  |  Miscellaneous

Earlier this summer a hacker claimed be selling credentials for at least 200 million Yahoo accounts. Well, unfortunately for hundreds of millions of Yahoo read more

The Banks You Gripe About The Most
Posted: Sep 19, 2016 by Shorebreak  |  0 comments  |  Financial News

You're supposed to be able to trust your bank. But multi-million dollar settlements, tens of thousands of customer complaints and class-action lawsuits read more

Wells Fargo Sued Over Account Fraud Scandal
Posted: Sep 19, 2016 by Shorebreak  |  0 comments  |  Financial News

Wells Fargo, which paid $185 million in fines to settle government charges of fraud, now faces a lawsuit by three customers who claim they were read more

Banking's Forgotten Generation?
Posted: Sep 18, 2016 by Shorebreak  |  0 comments  |  Financial News

Consumers over 50 years of age still are the foundation of bank and credit union growth. With changing needs and expectations, this segment is impacting read more

Banking Group: Federal Reserve Stress Test May Be Illegal
Updated: Sep 18, 2016 by Frank Walker  |  2 comments  |  Financial News

The Federal Reserve may have violated the law in adopting key parts of the bank stress tests, according to a study released on Thursday from a group whose read more

There's A $300 Billion Exodus From Money Markets Ahead
Updated: Sep 16, 2016 by paoli2  |  1 comment  |  Financial News

With a seismic overhaul of the $2.6 trillion money-market industry weeks away from kicking in, money managers are bracing for a last-minute exodus of as read more

Deutsche Bank To Fight $14 Billion Demand From U.S. Authorities
Updated: Sep 16, 2016 by Shorebreak  |  1 comment  |  Financial News

Deutsche Bank (DBKGn.DE) said it would fight a $14 billion demand from the U.S. Department of Justice to settle claims it missold mortgage-backed read more

U.S. Retail Sales, Factory Output Slump; Third-Quarter Growth Forecast Cut
Posted: Sep 16, 2016 by Shorebreak  |  0 comments  |  Financial News

U.S. retail sales fell more than expected in August amid weak purchases of automobiles and a range of other goods, pointing to cooling domestic demand read more

Warren To FBI: Why Not Prosecute Banksters?
Updated: Sep 15, 2016 by jimbeau  |  1 comment  |  Financial News

Like a lot of other Americans, Sen. Elizabeth Warren wants to know why the Department of Justice hasn't criminally prosecuted any of the major players read more

Banks To Millionaires: You're Not Rich Enough
Updated: Sep 15, 2016 by jimbeau  |  1 comment  |  Financial News

Millionaires' new challenge: they're not rich enough for private banking. JP Morgan Chase is increasing the minimum asset level for such services as big read more

Wells Fargo To Pay Around $190 Million Over Fake Accounts That Sparked Bonuses
Updated: Sep 15, 2016 by jimbeau  |  8 comments  |  Financial News

The Consumer Financial Protection Bureau has fined Wells Fargo $100 million for what it calls "the widespread illegal practice of secretly opening read more

Don't Expect A Credit Union Membership Through Work
Updated: Sep 14, 2016 by CapitalClimate  |  2 comments  |  Financial News

A few years ago, a lot of employers' benefits packages included joining a credit union. In 1996, almost 70 percent of organizations offered credit union read more

Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million
Updated: Sep 13, 2016 by Shorebreak  |  1 comment  |  Financial News

When Tolstedt leaves Wells Fargo later this year, on top of the $1.7 million in salary she has received over the past few years, she will be walking away read more

Atlanta Fed President Dennis Lockhart To Step Down
Posted: Sep 13, 2016 by Shorebreak  |  0 comments  |  Financial News

Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, today announced his intention to step down from his read more

'Fastest Ever' Leap In US Household Incomes
Posted: Sep 13, 2016 by Shorebreak  |  0 comments  |  Financial News

Average American incomes rose by 5.2% in 2015, in the fastest increase ever recorded by the federal government. The annual report from the Census Bureau read more

Fed Official Says She Favors 'Prudence' In Raising Interest Rates
Updated: Sep 13, 2016 by Shorebreak  |  1 comment  |  Financial News

The Fed trots out their minions to calm the markets. Rate rise? What rate rise? Lael Brainard, a Federal Reserve governor and a leading proponent of read more

The Fed May Be Preparing For The Unthinkable - Negative Interest Rates In America
Updated: Sep 12, 2016 by buckeye61  |  6 comments  |  Financial News

Negative interest rates are spreading like a virus. Central banks in the Eurozone, Switzerland, Sweden, and Japan all have below-zero policy rates. read more