A new report on the death of Montgomery-based Colonial Bank indicates that the company bet far too heavily on risky real-estate loans. The bank’s cause of death was real-estate gluttony, a l... Read more
At the end of the President’s first year in office, lots of folks were assessing the performance of the Obama Administration. While there have been some major shortcomings, I believe this Pr... Read more
Since Wachovia purchased SouthTrust Bank, many Alabama citizens are very much aware of what has happened to Wachovia since that time. In fact, many Alabamians have a shareholder interest in... Read more
Shareholders have filed a civil lawsuit against Merrill Lynch Chief Executive John Thain and the company’s board of directors over the buyout by Bank of America Corp. The lawsuit, file... Read more
For years, banks have charged customers large fees for overdrawing their checking accounts. Now a growing number of institutions are charging customers such fees even before the transaction... Read more
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