In 2007 it would have been inconceivable for anyone to imagine that savers would receive virtually zero percent return on their money. The entire concept of wealth creation is built not only upon savings but upon the magic of compound interest whereby your money works for you by earning more money. It wasn’t that long […]
Yes – It Is Still Possible to Get High Interest Rates on Your Savings
Filed Under: Banking News, featured, Financial Crisis, Interest Rates, Uncategorized Tagged With: banking industry, high risk savings, high yield savings, zero interest rates
Banking Update – Daily Banking News

Welcome to Banking Update, a roundup of articles and news from around the Internet. Let’s go right to the links. The credit ratings of eight major banks were downgraded by Fitch. The eight global trading and universal banks (GTUB) that saw their credit ratings lowered were Bank of America, Morgan Stanley, Goldman Sachs, Barclays, Credit […]
Filed Under: Bank Failure, Banking News, Failed Banks, Fannie and Freddie, featured, Financial Crisis, problem banks, Uncategorized Tagged With: bank credit ratings, Bank derivatives, bank failures, bank regulators, ECB, fannie mae, freddie mac, printing money, problem banks