FBI Looking for Florida Bank Robber in Dress, Wig
Authorities in south Florida are searching for a man who wore a bright dress and a long wig while robbing a bank. According to the FBI , at about 9:15 a.m. Saturday, a man demanded money from a bank employee at a BB&T bank in Cutler Bay, Florida, about 20 miles south of Miami. Customers were in the
How RadioShack Could Become Convenience Store for Electronics
Now that a bankruptcy court has approved a hedge fund's takeover of RadioShack, the company may be rebranding itself as a sort of convenience store for consumer electronics. With the blessing from a court in Delaware last week, Standard General is keeping open about 1,740 of RadioShack's 4,000
Bank Charges Fees to Dead Woman’s Account, Despite Daughter’s Pleas
Dear ABC News Fixer: My mother passed away in July. I waited until I received the death certificate to go to her bank, BB&T, in September to close her account. There was $27.50 in the account. I was told I would need a “letters testamentary,” which is a legal document giving authority to the
Can RadioShack Be Saved?
Troubled Retail Chain Is Closing 1,100 Stores But Insists It Is Making Progress
Bed Bath & Beyond Beats Amazon in Prices, Analysis Finds
Bed Bath and Beyond may not tout itself as a bargain retailer, but a price comparison of the home store’s products are showing that the tables have turned for competitor Amazon vs. brick and mortar companies. In an analysis of 30 products, investment...
JP Morgan Chase Misled Regulators, Panel Says
Morning Business Memo A harsh new report by the US Senate’s subcommittee on investigations says JP Morgan Chase misled regulators and investors about a $6.2 billion trading loss last year. The report says bank officials ignored growing risks, and understated the trading losses to federal...
Basic Checking Account Fees At 10 Largest Banks
The free checking account, which for decades has been a staple financial product, may soon become a dinosaur. These days, just 39 percent of non-interest checking accounts are free compared with 45 percent last year and 76 percent in 2009, according to Bankrate.com’s 15th annual checking...
Top 3 Tips for Checking Fee Safety
If you have a checking account with a bank or credit union, do you know what the policies are on fees and overdrafts? Probably not. “Consumers are expected to wade through long, confusing documents and may be subject to steep, unexpected fees to access their...
Bank Stress Test: The Best and the Worst
According to the Federal Reserve, 15 of 19 major U.S. banks would fare well if hit with catastrophic conditions based on a so-called stress test, which determines how banks would fare if hit with a peak unemployment rate of 13 percent, a 50 percent drop in equity...
Checking Fees at the 10 Largest Banks
Is free checking going to be a thing of the past? Since the beginning of last year Bank of America has been testing different options for new customers who open checking accounts in Arizona, Georgia and Massachusetts. The pilot programs in those states are now...