In a recent press release, Capital One™ announced the acquisition of HSBC’s US credit card branch. Announcement of the $2.6 billion purchase, completion of which is anticipated in the second quarter of 2012, immediately caused over a 2% jump in Capital One stocks.
HSBC, which bills itself as “The world’s local bank,” is headquartered in London, UK, and is the second largest banking and financial services group in the world, according to Forbes. The transaction, once completed, will position Capital One among the leading credit card service providers in the nation. According to the press release, “The acquisition includes ongoing private label and co-branded partnerships as well as infrastructure and capabilities that significantly enhance Capital Ones partnership platform for future growth.”
With an eye toward the future, Capital One is projecting significant returns for investors, up to approximately 25 %, as early as 2013 and is anticipating an earn back period of only four years after the completion of the acquisition. In addition,
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Tags: Card, Credit Card
Today there are many individuals who are struggling with some financial stress. There are several variants to help reduce the debt and ease the pressure of financial burden. You can choose from different programs for debt relief that will help you eliminate the debt. Some of these programs are non profit debt consolidation and credit counseling.
Debt consolidation is used when you decide to combine all your existing accounts into one affordable payment. Consolidation loans can be either secured or unsecured. A consolidated interest rate is lower than the combined interest of all the bills individually. On consolidation, the consumer associates all their financial obligations in a single payment.
The advantage of unsecured loans is that there is no need for collateral, but these loans tend to have very strict prerequisites what means a credit good score is necessary. Read more…
Tags: debt consolidation option
All Rhode Islanders can take advantage of Coastway Community Bank’s above-Leaderboard long-term CD rates.
For 57- to 60-month CDs, it’s paying 2.75% APY with a $1,000 minimum deposit.
The top nationally available 60-month CDs on our CD Rates Leaderboard pay 2.60% APY.
But you must live or work in Rhode Island to buy these certificates of deposit.
They are available online (www.coastway.com) or at one of Coastway’s seven branches, which are located in Cranston, East Providence, Lincoln, Providence and Warwick.
See how these returns compare with the best CD rates from scores of banks in our extensive database.
Tags: Cd Rates, Rates, Rhode Island
Have you been on the prowl for a great 2-year CD rate but haven’t found what you’re looking for? You’ve reached the right place! Currently, Habib American Bank is offering an outstanding 1.50% APY for its 2-year certificates.
2-Year CD Rate Terms and Conditions
In order to take advantage of one of the highest CD rates on the market, the bank requires that you first deposit a minimum of $1,500 into the certificate account. You will also be required to open a qualifying consumer or business checking or savings account. Account holders who withdraw funds early are subject to penalties. Interest is compounded daily.
About Habib American Bank
Habib American Bank (HAB) was incorporated in 1938 as a New York state chartered bank. Its m
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Tags: American Bank, Apy, Habib American, Habib American Bank
If you are one of the more than 90,000 employees of the pharmaceutical giant Merck, the company’s credit union is offering some of the best savings rates in the country.
New Jersey-based Merck Employees Federal Credit Union (www.merckcu.com) is paying 1.635% APY on its regular share accounts, with a $50 minimum deposit and balance.
That beats the best nationally available savings account deal by nearly half a percentage point.
SFGI Direct (www.sfgidirect.com) owns the top nationally available savings account rate of 1.16% APY with a $500 minimum deposit.
The best nationally available money market account offered by AmTrust Direct (www.amtrustdirect.com) and My Banking Direct (www.mybankingdirect.com) pays 1.25% APY.
While Merck’s rates are reserved for its approximately 25,000 members, this institution serves as a reminder there are decent deals out there, particularly from local credit unions. You
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Tags: Merck, Savings Rates