by Monica Mendoza Published: December 21,2011
Tags: banking, look back 2011
The national and state economic climate is still tough, and it’s difficult to believe Colorado banks might be past the worst and on the road to better days. But as the year comes to a close, there are a number of positive signs for the Colorado banking industry in 2012. Out of state banks believe Colorado is [...] [...]
U.S. stocks are edging lower in late morning trading with bank stocks leading the way down. Citigroup Inc. and Morgan Stanley are down nearly 6 percent. JPMorgan Chase & Co. lost more than 4 percent, the biggest drop among the 30 stocks in the Dow Jones Industrial average. Stocks opened higher Monday but quickly turned after an [...] [...]
by Amy Gillentine Published: December 8,2011
Tags: Colorado Attorney General, deceptive practices, settlement, Wachovia, Wells Fargo
Colorado is part of a $56.75 million multi-state settlement with Wells Fargo to settle allegations related to municipal bond derivatives. The suit alleges misconduct by people working at Wachovia, which Wells Fargo acquired in 2008, and says those people engaged in anti-competitive conduct in the municipal bond derivatives industry. The settlement is a component of a $148 [...] [...]
by Amy Gillentine Published: December 7,2011
Tags: Fidelity Investments, savings
More Americans want to save money in 2012, according to a survey by Fidelity Investments. The average annual target is $2,400, double what people said they wanted to save in 2011 – $1,200. For the third year, the top two resolutions for Fidelity customers include saving more and spending less. Paying off debt jumped into the top three [...] [...]
by Associated Press Published: December 1,2011
Tags: European debt crisis, Rally, Stocks
A global stock market rally stalled on Thursday as euphoria over major central banks’ coordinated cut to borrowing costs wore off. But hopes that European leaders will deliver a long-term solution to the debt crisis next week helped push eurozone borrowing rates sharply lower. Stocks and bonds had jumped on Wednesday when central banks in Europe, [...] [...]
by Monica Mendoza Published: December 1,2011
The Colorado Division of Banking has received high praise for its standards and practices in state banking supervision. The division earned its certificate of accreditation from the Conference of State Bank Supervisors for maintaining the standards and practices in state banking supervision set by the organization’s accreditation program. “This esteemed accreditation reaffirms their commitment to the highest [...] [...]
The price of oil surged to $101 per barrel Wednesday, as the U.S. and other countries tried to make it easier for banks to lend money and keep the global economy growing. The Federal Reserve said it will team up with the European Central Bank, the Bank of England and the central banks of Canada, Japan [...] [...]
by Amy Gillentine Published: November 28,2011
Tags: AARP, Tax, volunteers
AARP Foundation Tax-Aide, the nation’s largest free, volunteer-run tax preparation service, is seeking volunteers from across the state to aid with 2011 tax returns. Volunteers do not need to be an AARP member or a retiree to participate. Tax-Aide is particularly in need of volunteers who speak both English and Spanish. Volunteers will receive free tax training [...] [...]
by Monica Mendoza Published: November 18,2011
Tags: banking, dispensary, medical marijuana
Colorado Springs medical marijuana business owners are desperately writing letters to every bank in the country asking if they will accept their business. About 150 dispensary owners across the state are searching for a bank that will take their accounts, said Tanya Garduno, president of the Colorado Springs Medical Cannabis Council and owner of Medical Cannabis [...] [...]
by Monica Mendoza Published: November 18,2011
With Cyber Monday and the holiday shopping season just around the corner, consumers are warned not to fall victim to phishing scams. The Colorado Bankers Association said consumers should know that phishing is a new twist on an old telemarketing scam, but uses e-mail. Criminals send e-mails to millions of people hoping that even a few [...] [...]
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