balances
Wells Fargo Customers Have “Incorrect Balances And Missing Transactions” Due To An Absolutely Massive “Nationwide Computer Glitch”
by Michael When it rains, it pours. On the exact same day that we witnessed the second largest bank failure in U.S. history, Wells Fargo experienced an unprecedented nationwide computer glitch that caused countless numbers of account holders to have “incorrect …
Credit card balances have hit a record high of $986 billion in the US… Banks are losing deposits on a year-on-year basis
US banks are losing deposits on a year-on-year basis. This is very unusual, and negative deposit growth was indeed last recorded over 30 years ago. Banks might soon be forced to step up their game and pay more on deposits …
Despite increasing their MBS balances, the Fed just dumped 20% of their ‘Other Federeal Reserve assets’ worth about $8B. This category include: bank premises, accrued interest, and other accounts receivable.
by laflammaster I think they’re starting. Fed generally does not make such large % moves.
State Representative from Massachusetts doesn’t understand checks and balances
by JamesHawk101 Everyone was telling her she must have failed 6th grade civics to not understand why this happened. Edit: here is the thread, even some Canadians chimed in saying they were surprised they knew more then a elected official …
T-Mobile introduces free checking account offering 4% APY on balances up to $3,000
See one of many articles below for details. I don’t plan to sign up since I’m happy with my current accounts, but 4% APY is definitely eye popping. https://www.engadget.com/2019/04/18/t-mobile-money-nationwide-rollout/ AC
China car sales, Euro sector balances
by WARREN MOSLER China Total Vehicle Sales Vehicle sales in China tumbled 15.8 percent from a year earlier to 2.37 million in January 2019, following a 13 percent drop in the previous month. It was the seventh consecutive annual decrease …
Fidelity: Q3 Retirement Analysis: Account balances hit record highs 10 years following financial crisis.
by FIREoManiac https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/press-release/fidelity-q3-2018-account-balances-hit-record-highs.pdf Headlines include: • The average 401(k) balance reached an all-time high balance of $106,500 • Contribution Rates for Women Reach Record Levels • Number of 401(k) Millionaires Increase 40 Percent from Q3 2017 • Average 401(k) Balance for Millennials Saving for …
Retirees Get a Raise – But It Won’t Change Their Bank Balances
From Birch Gold Group This coming January there will be 62 million Social Security (SSI) beneficiaries who will get 2.8% more in the form of a cost-of-living adjustment (COLA). Obviously any increase is an improvement, but exactly how much will go into a …
The Passing Of John McCain Means ARIZONA Balances Power In U.S. Senate – Democrats Fighting Like Cats And Dogs.
by Ruby Henley WATCH TUESDAY as Arizona, Florida, and Oklahoma choose candidates for midterms. It is very important to President Trump, as these states were key to his victory in 2016. Arizona is grieving for their deceased Senator, John McCain, …
Subprime Begins to Haunt Credit Card Balances
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Delinquencies soar past Financial-Crisis peak at the ca. 5,000 smaller US banks, and these are the Good Times. What’s going on? The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 …
Investor credit balances – "To say that investors are “all in” would be an understatement here. They’re leveraged to the gills."
Hussman posted this chart in his latest blog. https://www.hussmanfunds.com/wmc/wmc170717.htm Speaking of margin debt, Doug Short recently provided this look at investor credit balances and the equity market. The bars (green when positive, red when negative) show the sum of: cash …