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Shorebreak

Joined: Apr 6, 2010Comments: 438
Forum Threads: 2,428Forum Posts: 4,003
Rep Points: 21,060
Shorebreak

Recent Community Posts


Chase, Capital One Top Bank Brand Study
Posted: 6 hours ago by Shorebreak  |  0 comments  |  Financial News

Each year, the Harris Poll EquiTrend Study measures consumer attitudes about banks, and in 2016 it has declared Chase the top national bank brand and read more

Study Sees Tax Flaws In Most Retirement Calculators
Posted: 6 hours ago by Shorebreak  |  0 comments  |  Financial News

Despite all the advice and calculators that purport to show you how much you need to retire and when to withdraw it, retirement planning is an inexact read more

Fed's Fischer Says Negative Rates Seem To Work In Today's World
Posted: Aug 30, 2016 by Shorebreak  |  0 comments  |  Financial News

Federal Reserve Vice Chairman Stanley Fischer said negative interest rates seem to be working in other countries, while reinforcing that they aren't on read more

Greenspan Sees U.S. Interest Rates Rising Soon, Perhaps Rapidly
Updated: Aug 28, 2016 by paoli2  |  4 comments  |  Financial News

Former Federal Reserve Chairman Alan Greenspan forecast that interest rates will begin rising soon, perhaps rapidly. "I cannot perceive that we can read more

Federal Reserve Under Growing Pressure To Reform System, Goals
Posted: Aug 22, 2016 by Shorebreak  |  0 comments  |  Financial News

The U.S. Federal Reserve has two guiding goals when designing monetary policy: maximum employment and stable inflation. But as the country's central read more

Bank Not Honoring An Out-Of-State POA
Updated: Aug 22, 2016 by rateshopper  |  5 comments  |  Ask The Community

My mother recently moved into a nursing home in another state from the state where bank where she had a long term CD is located.  Upon maturing, read more

U.S. Banks Want To Cut Branches, But Customers Keep Coming
Posted: Aug 22, 2016 by Shorebreak  |  0 comments  |  Financial News

Despite banks' nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the read more

It's Gotten Harder To Sue Your Own Bank
Posted: Aug 19, 2016 by Shorebreak  |  0 comments  |  Financial News

Frustrated consumers who want to take their banks to court are increasingly running into a wall. More and more, the nation's biggest financial read more

Fed's July Minutes Show A Split Central Bank Seeking To Keep Options Open
Updated: Aug 18, 2016 by Shorebreak  |  1 comment  |  Financial News

From the WSJ: Taken together, the latest Fed release suggested a rate increase is a possibility as early as September, but the Fed won’t commit to moving read more

Fed Officials Talk Up Rate Hike Odds In 2016
Updated: Aug 18, 2016 by Shorebreak  |  1 comment  |  Financial News

"We are edging closer towards the point in time when it will be appropriate to raise rates further," New York Fed President William Dudley told Fox read more

Global Central Banks Dump U.S. Debt At Record Pace
Posted: Aug 17, 2016 by Shorebreak  |  0 comments  |  Financial News

In the first six months of this year, foreign central banks sold a net $192 billion of U.S. Treasury bonds, more than double the pace in the same period read more

Wall St. Banks Ask Fed For Five More Years To Comply With Volcker Rule
Updated: Aug 14, 2016 by Ricochet  |  1 comment  |  Financial News

Big Wall Street banks are asking the U.S. Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation read more

Here's Why More Stores Are Refusing To Take Cash
Updated: Aug 13, 2016 by me1004  |  5 comments  |  Financial News

We've been talking about society's transition to a cashless society for a long time, but it begs an important question: Can stores and other retail read more

WSJ Survey: Economists Point To December Rate Increase For Fed
Posted: Aug 11, 2016 by Shorebreak  |  0 comments  |  Financial News

A consensus is forming among economists that the Federal Reserve will hold off on its next interest-rate increase until December. About 71% of the 62 read more

New Bank Rules Won't Stop Bailouts
Posted: Aug 9, 2016 by Shorebreak  |  0 comments  |  Financial News

Since the 2008 financial crisis, policy makers around the world have put new rules in place to make banks less risky and more transparent. They're read more

TIAA to Acquire EverBank
Updated: Aug 8, 2016 by darkdreamer4u  |  1 comment  |  Financial News

We are excited to announce that EverBank has entered into a formal agreement to be acquired by TIAA. Once the transaction is complete in mid-2017, we read more

That Stellar Jobs Report Just Gave The Fed Clearance For Takeoff To Start Raising Rates
Updated: Aug 6, 2016 by me1004  |  2 comments  |  Financial News

From CNBC: The data in the July employment report were not only uniformly strong in their internal components, but the prior month's jobs data were read more

Federal Reserve Fines Goldman Sachs $36 Million In Document Leak
Posted: Aug 3, 2016 by Shorebreak  |  0 comments  |  Financial News

The Federal Reserve took action on Wednesday against Goldman Sachs and one of its former executives, escalating a long-running investigation into a leak read more

Senior Surprise: Getting Switched With Little Warning Into Medicare Advantage
Updated: Jul 31, 2016 by paoli2  |  2 comments  |  Miscellaneous

Off topic but may be of interest to readers who are eligible for / covered by Medicare Only days after Judy Hanttula came home from the hospital after read more

U.S. Economy Grew A Less-Than-Forecast 1.2% In Second Quarter
Posted: Jul 29, 2016 by Shorebreak  |  0 comments  |  Financial News

The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down read more

Citibank Worker Gets Prison Sentence For Damaging Bank's Computer System
Posted: Jul 27, 2016 by Shorebreak  |  0 comments  |  Financial News

A Citibank worker in Irving who faced dismissal must serve nearly two years in prison for damaging the financial giant's computer system. Investigators read more

Top HSBC Manager Arrested In NY
Posted: Jul 20, 2016 by Shorebreak  |  0 comments  |  Financial News

Mark Johnson, the company's global head of foreign exchange trading was arrested on Tuesday night and is due to appear in court later. A former read more

Fed's Mission Is Accomplished. So Why No Change?
Posted: Jul 19, 2016 by Shorebreak  |  0 comments  |  Financial News

The Fed's mission is accomplished -- unless it has some ulterior motive. Thursday we saw jobless claims hovering near a 40-year low, so employment is read more

U.S. Regulator Orders Santander To Pay $10 Million Over Illegal Overdraft Practices
Posted: Jul 14, 2016 by Shorebreak  |  0 comments  |  Financial News

The U.S. Consumer Financial Protection Bureau said on Thursday that Santander Bank (SAN.MC) would pay $10 million to settle charges that it engaged in read more

FDIC Accused Of Covering Up China Hacking To Protect Chairman’s Job
Posted: Jul 14, 2016 by Shorebreak  |  0 comments  |  Financial News

The Chinese government likely hacked computers at the Federal Deposit Insurance Corporation in 2010, 2011 and 2013 and employees at the U.S. banking read more

Fed 'Very Sensitive' To Strength Of The Dollar, Kaplan Says
Updated: Jul 13, 2016 by cumulus  |  2 comments  |  Financial News

The Federal Reserve is "very sensitive" to the strength of the dollar, a top Fed official said on Wednesday, because even though manufacturing and exports read more

Suddenly, Banks Want You And Are Willing To Pay
Posted: Jul 13, 2016 by Shorebreak  |  0 comments  |  Financial News

In the past few years, consumers could be forgiven if they got the impression that banks didn't want them as customers. It seems like it's been one new read more

US Job Creation Rebounds Strongly In June
Updated: Jul 9, 2016 by Shorebreak  |  3 comments  |  Financial News

The US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May. The figure was much stronger than forecast, and the read more

Minutes: Fed Wants Clarity On Brexit's Impact Before Hiking Rates
Posted: Jul 6, 2016 by Shorebreak  |  0 comments  |  Financial News

Federal Reserve policymakers decided in June that interest rate hikes should stay on hold until they have a handle on the consequences of Britain's vote read more

Investors See Even Lower Bond Yields From Brexit Fallout
Updated: Jul 1, 2016 by Shorebreak  |  1 comment  |  Financial News

Britain's vote to leave the European Union last week triggered a worldwide stampede into U.S., German, Japanese and even British government debt, sending read more