Bank Advisor News and Updates



Some of the top banks in America include Bank of America, Wells Fargo, Citibank, Chase, and HSBC. Wachovia bank was recently acquired by Wells Fargo bank headquartered in California. The bank has traditional branches offering customers checking, savings and traditional banking services. They offer home mortgages, home equity, education, personal and auto loans as well. They have a friendly website to offer online banking to their customers. After merger with Wells Fargo, they offer a vast network of ATMs to their customers as well. Before Wachovia bank was acquired it had a strong franchise of providing financial products to customers which is still continuing after the acquisition. They offer brokerage services, IRAs, insurance products to their customers. They have small business loan programs and offer business checking and offer many business related services and products.

Atlanta based Suntrust is nations largest and strongest banking company operating 1600 branches and 2807 ATMs across many states in US. It provides technological banking through different channels of delivery like internet banking, ATM banking, phone banking etc. Through its banking subsidiaries it offers all range of banking products like acceptance of deposits, lending, trust and investment services to broad range of customers. Through other subsidiaries it offers mortgage loans, investment banking, equipment leasing and capital market services. It provides efficient services and offers loan products etc without any speed breakers. It enjoys nation wide leadership processions. LIVE SOLID BANK SOLID is more than a slogan with Suntrust. Besides banking Suntrust believes in building up of communities. It believes in the dictum Build your community you Build your Bank. Because of its excellent community service Suntrust is able get Outstanding Community Reinvestment act (CRA) rating from Federal Reserve Bank of Atlanta. This is the highest rating achieved by any bank. Suntrust extends housing loans and business loans to people of moderate means and believes very strongly in the development of community and there by developed the bank. This has been successfully demonstrated by Suntrust wherever they operate. Suntrust extends technologically efficient banking service to its clients and firmly believes in development of community and so this bank can be highly recommended for the prospective clients in the districts where it operates.

Regions Bank is a great place to put your money. They offer a full range of services for personal, small business, and commercial banking. Anyone looking for a place to put their money will be impressed by the services offered at this bank. They have online AND mobile banking which allows you to pay bills and transfer funds from your cell phone, which is a great option when you don't have the time to stop and write checks. Their mobile banking allows you access to all of your accounts that you can access on your online banking. Making banking with Regions a great convenient way to keep track of your money. Checking accounts at regions are free if you use direct deposit, and there is overdraft protection and a Visa Platinum CheckCard available. They even offer assistance if you are having trouble making your loan payments! Regions is committed to excellent customer service and proves it with many free services to help you manage your money in these difficult times. They offer peace of mind by keeping your banking expenses to a minimum!



Bank of America to stop debit card overdrafts (AP via Yahoo! News)


10 March 2010
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.

Lawsuits, poker and the death of a boutique bank (Reuters via Yahoo! News)


10 March 2010
In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.

China Mobile buys 20% stake in mainland bank (AFP via Yahoo! News)


10 March 2010
Phone giant China Mobile said Wednesday it will pay about 5.8 billion US dollars for a 20 percent stake in Shanghai Pudong Development Bank as part of its bid to enter the wireless banking market.

Bank of America to deny debit card overdrafts (USA Today)


10 March 2010
Bank of America will stop letting customers overdraw checking accounts with one-time debit card transactions that also trigger fees.

Barclays seen on lookout for U.S. bank deal (Reuters via Yahoo! News)


10 March 2010
Barclays is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.

Ex-Im Bank Approves New Scrutiny of Fossil Fuel Projects (New York Times)


10 March 2010
The Export-Import Bank voted yesterday to ramp up financing for renewable energy and impose new reviews of large fossil fuel ...

Lone Star Puts Korean Bank Back Up for Sale (New York Times)


10 March 2010
Previous attempts by Lone Star to sell its 51 percent holding in the country’s 6th-ranked lender — to Kookmin Bank for $7.3 billion in 2006 and to HSBC for $6.3 billion in 2008 — failed due to pricing and legal disputes over the private equity firm’s South Korean activities.

Suspect in shooting at Dallas bank building dies - Fort Worth Star Telegram


10 March 2010
Denton Record ChronicleSuspect in shooting at Dallas bank building diesFort Worth Star TelegramThe man suspected of shooting two men at a Dallas financial services company Monday before shooting himself, was pronounced dead Wednesday at a Dallas ...BREAKING: Shooting Reported At Dallas BankNews OneDallas Bank Shootout: Two Wounded, Suspect Shoots S...

Bank of America junks overdraft fees for debit cards - Los Angeles Times (blog)


10 March 2010
KATUBank of America junks overdraft fees for debit cardsLos Angeles Times (blog)Bowing to complaints of fee gouging, Bank of America said Wednesday that starting this summer it would deny transactions for customers using their debit ...News roundup: Bank of America ending overdraft fees on debit-cardsUSA TodayBank of America to stop debit card over...

Corker: Payday lenders have no bank bill carve out - MarketWatch


10 March 2010
Corker: Payday lenders have no bank bill carve outMarketWatchWASHINGTON (MarketWatch) -- There will be no special exemptions for payday lenders in sweeping bank reform legislation under ...and more »...

Regional Bank Shares Rise As Barclays Speculation Heats Up - Wall Street Journal


10 March 2010
ReutersRegional Bank Shares Rise As Barclays Speculation Heats UpWall Street JournalNEW YORK (Dow Jones)--Regional bank stocks climbed higher Wednesday and were among the broader market's top gainers ...Barclays eyes large US bank dealFinancial TimesBarclays May Be Shopping for a US BankInvestorplace.comBarclays (BCS) Looking To Buy A Retail Ba...

ECB's Weber: Basel rules best basis for bank reform - Reuters


10 March 2010
ECB's Weber: Basel rules best basis for bank reformReutersFRANKFURT, March 10 (Reuters) - Future banking regulations should be an improved version of existing rules, while ideas to cap the size of banks and set up ...and more »...

Bank of Hawaii offering coupons free online - The Associated Press


10 March 2010
Bank of Hawaii offering coupons free onlineThe Associated PressHONOLULU — Bank of Hawaii says it's come up with a way to generate more business for its clients. The bank has launched a free, online virtual coupon book ...and more »...

Biden meets with Fayyad in West Bank - UPI.com


10 March 2010
Sydney Morning HeraldBiden meets with Fayyad in West BankUPI.comRAMALLAH, West Bank, March 10 (UPI) -- Israel's decision to build housing in east Jerusalem hurts the US bid to restart peace talks, Palestinian Prime ...Biden slams new settlement drive at W.Bank talksAFPBiden's West Bank tour clouded by settlement plansThe Associated PressUN&...