China's pioneering US bank acquisition ticks all the right boxes. Minsheng Bank has gained a US presence in a business it knows well: its target, UCBH Holdings (NASDAQ:UCBH), is a San Francisco-based community bank serving Chinese family businesses.
CHICAGO (MarketWatch) -- Does hardware have a softer side? Home Depot thinks so. It is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that is targeted at female shoppers. Responding to long-time criticism that its war
We told you last week about a report by Genworth Financial that found a disproportionately large percentage of mortgages made to African American and Hispanic home buyers were high-cost subprime loans. Here's how you can protect yourself from credit
Dear Dr. Don, How could a bank allow a customer to withdraw $1,000 out of his checking account if the customer was already in overdraft? Please note that the customer didn't even have overdraft protection. I would also like to know how a bank could
If nothing else, the long bid battle between Barclays (NYSE:BCS) and a Royal Bank of Scotland-led consortium for ABN Amro will be remembered for the bidders' mastery of historical revisionism. When Barclays launched its bid for the whole of ABN, it w
The summer turbulence prompted a number of central bankers to pull their policy parachutes. Since August, base rates have been cut in seven countries, most notably by half a percentage point in the US. In markets considered a dead certainty for incre
Here's what seems like good news: The response rate for those annoying credit card offers we get in the mail has been falling. (Learn how to opt out.) According to Curtis Arnold of cardratings.com: "In 1998, credit card issuers could count on a respo
Every now and then, I read something that makes me gasp. It happened just recently, when I learned about a Public Citizen report on arbitration in the credit card industry. Here's how it began: "Consumers who seek justice in disputes with their credi
My bank has just raised its fees. The stop-payment fee has risen 25%, to $25. The incoming wire transfer fee is up 20%, from $10 to $12. The bounced-check fee is up 10%, from $30 to $33. Bank of America (NYSE: - ) recently increased the fee it charge
Do you know where your money goes? I'm sure a few of you know exactly where it goes: You fire up Quicken, which you update diligently for every penny you spend, and you can tell me that 29.2% of your after-tax income in the last 12 months has gone to
When is a savings bank not a savings bank? La Caixa, Spain's third largest financial group, is spinning off its portfolio of industrial holdings but will retain a stake of about 80 per cent in the new Criteria CaixaCorp. For now, investors will essen
It's that time of year again: open enrollment. Soon you'll be getting a package in the mail outlining all the health care options you have. Here's what you can expect and how to get the best plan. 1: Hold onto your wallets Health insurance is getting
Australia appears to be falling back on the age-old good bank/bad bank model to restructure Rams Home Loans, one of the country's biggest casualties of the global credit crunch. Westpac Banking Corp (NYSE:WBK), Australia's fourth largest bank, is to
Can Chuck Prince survive this one? The Citigroup (NYSE:C) chief executive has been under pressure for several quarters on a number of fronts: the share price, expense control and a general sense that the company was simply too unwieldy to be managed
One can imagine the heads of Deutsche Bank (NYSE:DB) or Merrill Lynch screaming at their finance gonks: "Get that profit warning ready by the end of the week or else!" Monday's third quarter downgrade by UBS (NYSE:UBS), with Citigroup (NYSE:C) puttin
·Ten ways to supercharge your
·Stan down
·Top Tips: Battling your insu
·Banks play a lot of tricks t
·Rate cut from Fed seen pushi
·Five moves that will keep yo
·They Really Are Out to Get Y
·Pressure on banks
·Top Tips: Navigating Open En
·Citigroup write-down
·Banks Extend Slide After Cit
·Citigroup succession
·Stan down
·Top Tips: Battling your insu
·Banks play a lot of tricks t
·Rate cut from Fed seen pushi
·Five moves that will keep yo
·They Really Are Out to Get Y
·Pressure on banks
·Top Tips: Navigating Open En
·Citigroup write-down
·Banks Extend Slide After Cit
·Citigroup succession
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