Tag Archives: banking

FNBO Direct: a quick overview

The First National Bank of Omaha (FNBO for short) has a range of offerings, one of which is the FNBO Direct account. FNBO is a subsidiary of the First National of Nebraska and as of today, it is the single largest privately owned bank in the United States. It was founded way back in 1850 and opened its doors to the public in 1857 by a collection of Iowan settlers. And since then FNBO has never looked back. FNBO has also been a trailblazer in driving women into the workforce. FNBO Direct is but one of the options that FNBO offers by way of services. The bank has a rich tradition of firsts to its name. Continue reading

0 apr credit cards targeted at prime borrowers

If your credit score is in the region of 720 or more. I think you would have been flooded with offers and pre-approvals to take 0 apr credit cards from some credit card company or the other. Most of these offers boast the fact that they have 0% annual percentage rates on new purchases and balance transfers and they offer this for a period as long as 21 months. These offers for 0 apr credit cards are expected to become increasingly common as delinquency rates drop still further. It has already dropped from 26% it was a year ago and it continues to fall all the time. In an effort to boost it even further, credit card companies are doing everything. Short of giving away the card and paying you to use it. Continue reading

A fight in the offing

There’s a long list of people that have a bone to pick with banks that have been very slipshod in the way that they have managed their foreclosure and mortgage processes. And to that list of people with a fighting chance of winning this fight.

You can add the Federal Reserve. And why not? It’s been two years since the Fed purchased mortgages worth billions of dollars in mortgage securities. And as part of this financial bailout that they have extended towards banks. The demand is now forthcoming from the Fed to make the banks buy back some of these bad mortgages. That they lumped onto the Federal Reserve. Continue reading

Raising capital is just half the job done

Very few banks go about raising capital in a better manner than Standard Chartered. The British bank has made a living and a name out of dealing extensively in lending to emerging markets. And they are planning to get another rights issue of $5.2 billion out on the market. This offer comes in just as markets in Asia are starting to fly high thanks to foreign investors pumping in funds as if there were no tomorrow. The funds that Standard Chartered does plan to raise should effectively take its core. Tier 1 ratio of capital to assets to a figure nearing approximately 12 %. This is a measure that the regulatory watchdogs will be watching with a great deal of anticipation as it is. Standard Carteret’s projected year end ratio of 10% is already better than most other European banks. Continue reading

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5 charges you should be aware of

1There are new regulations now in place that will restrict your overdraft fees and card charges that will have a direct impact on the way you bank because of these limitations. While good for you is not good for your bank. And so like the big bad wolf, they too will come up with new ways to huff and puff and blow your house down. Make sure you aren’t ambushed by a Kung fee warrior (sorry for the poor pun). Generally, new fees are communicated to you only via monthly statements. But you should keep a close eye on your account and analyze 5 common fees to see how you can circumvent them. Continue reading