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Fed: Rates not too low, and next move likely to be up; Fannie Mae, Freddie Mac shares climb (Austin American-Statesman)
CENTRAL BANK
Citi launches commercial cards in Taiwan (Banking Business Review)
Citi has announced the formal launch of Citibank Commercial Cards issued by both Visa and MasterCard in Taiwan.
Consumers having credit limits lowered without notice (Hampton Union)
SAN FRANCISCO, Ca. - If you are planning to use your credit card to make a big purchase, you may want to check your card's line of credit before you pull out the plastic.
Lake death in Steuben a drowning (Fort Wayne Journal Gazette)
A Fremont man's death has been ruled an accidental drowning. Steuben County Coroner Rodney Snyder released the results of an autopsy Monday for Douglas K. Zuber, 56. Zuber was boating with his wife, Linda, Saturday afternoon when he decided to go into the water to cool off.
Citi China strengthens Shanghai presence with new retail outlet (Banking Business Review)
Citibank China has opened a new consumer-banking outlet at Yalong Shopping Mall near Peoples Square in the city of Shanghai. The outlet is Citis ninth location in Shanghai.
Consumer Action: Consumers experience credit limit reductions (Portsmouth Herald)
SAN FRANCISCO and#8212; Anyone planning to use a credit card to make a big purchase may want to check their card's line of credit before pulling out the plastic.
Home Depot gets credit card boost (Atlanta Journal-Constitution)
Home Depot, which has one of the largest consumer credit card portfolios in the country, has penned a new deal with its outside credit vendor, Citigroup Inc., the world's largest card issuer. The deal may seem like inside baseball. But it's a big deal for the country's second-largest retailer, as the cost of maintaining the portfolio under the old agreement was depressing earnings. The new deal ...
FDIC counts 117 troubled banks, highest level since 2003 (Contra Costa Times)
BankingFDIC counts 117 troubled banks, highest level since 2003: The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued.
A Money-saving Plan for the Summer Vacation Clan (Today's News-Herald)
(ARA) - Are you looking to embark on a summer family vacation that won't break the bank? Whether it's heading to an amusement park or road tripping across the country, there are simple ways to spend within your means by making informed, cost-conscious decisions while on the road.
Citibank settles California case over credit cards (The Sacramento Bee)
Citibank has agreed to pay about $5 million to settle charges that it took money from Californians' credit card accounts through an illegal account "sweeping" program, the state attorney general said Tuesday.