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There should be no shortage of buyers for American banks’ rotten assets, thanks to generous subsidies. Sellers will be harder to entice
ONE way to treat a recovering drug addict is to force him to go through cold turkey. Another is to prescribe him a substitute for the original poison, such as methadone.

The Bank of England underestimated the severity of the current financial crisis, according to its deputy governor, who has admitted that interest rates are only a "blunt instrument" with which to control the economy.

Sir John Gieve told the BBC's Panorama programme, to be screened tonight, that new tools were needed to complement interest rates.

The FDIC has a list of 90 financial institutions that it expects may fail in the coming year, and it expects to expand that list to 150 institutions very soon.What happens if your bank fails? Is your money really safe?The FDIC was founded after the Great Depression to insure deposits in retail banks and in doing so to (hopefully) prevent bank runs.

There are a growing number of banks that rebate ATM fees charged to their customers who withdraw money from their accounts using the ATM machine of another bank or ATM owner (ATM machines can be owned and operated by businesses other than banks).

The banner above FirstCity Bank still reads "Celebrating 100 Years of Service," but the 690 residents of this rural community aren't in the mood - not since government regulators locked the door, emptied the vault and closed the only bank within nearly 20 miles. Check out this site to know more.