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Number Of U.S. Banks Hits Record Low

Back in 1985, there were around 18,000 different federally insured banks operating in the U.S. But in the nearly three decades since, numerous failures and mass consolidation has left us with around 38% of that 1985 number, meaning Americans now have the fewest banking options since the federal government began tracking these stats back in 1934. [More]

Bank Of America Plaza So Close To Becoming Epicenter Of Irony

Bank Of America Plaza So Close To Becoming Epicenter Of Irony

Ever since it stupidly acquired Countrywide Financial — and all of that company’s toxic home loans — the Bank of America name has become synonymous with rampant, and occasionally screwed-up, foreclosures. Now the tallest building in Atlanta is facing foreclosure — and it just happens to bear the BofA name. [More]