Founder’s Corner: Donate to Hurricane Sandy Victims To all of the Knowyourbank.com blog readers out there, I want to bring to your attention an easy way to donate to organizations that are helping people who have been hit hard by Hurricane Sandy. Go to this page - https://www.paypal-donations.com/campaign_20.html - and donate to one of the [...]
Today begins the start of a new phase in the story of Knowyourbank. We launched the first iteration of Knowyourbank on March 12th, 2012. Since then we have learned a tremendous amount from our users and appreciate your support. At the end of last night we have had over 114,000 unique visitors to the site. [...]
The site is constantly evolving and we are working to make the site better every day. One area which we are constantly working to fill out is our fees section. Today we launched a fees notification link on each "accounts and fees" page of every bank in our system. Clicking the link will help you [...]
Reviews are an important part of today's decision making process. Whether you're looking for a new checking account, or making a major decision like buying your first home or refinancing your existing one, reviews are one of the best ways that you can get feedback from others about their experience and find the right people [...]
By Franklin Ross, CEO of Knowyourbank.com The stress test results were released yesterday by the Board of Governors of the Federal Reserve System. The results have been met by much discussion, especially focused on those bank holding companies who failed the Stress Test. As a result of this discussion, ordinary people who do not have [...]
We are very excited to introduce to our users our new dashboard. The Know Your Bank Dashboard is a place for you to easily track the banks and credit unions that you are interested in watching. It also allows you to compare banks and credit unions against each other. Also when we update data on [...]
J.P. Morgan Chase has lost 2 billion dollars trading in the last six weeks, and could face an additional 1 billion dollars in second quarter losses. This is no surprise as J.P. Morgan Chase's massive derivatives portfolio (Credit Default Swaps) can cause immense losses to the bank with even small percentage changes in the underlying [...]
Founders Corner Update: Today we are excited to announce the release of Local Branch Finder, the free and simple tool that allows anyone to instantly view all the bank and credit union branches in their area with their zip code. This is the first of a number of tools we have been working on to [...]
Recently, JPMorgan Chase announced that it had lost more than $2 billion on risky trades. The news raised more questions about the need for tighter banking regulations; some insisted that more oversight is needed in order prevent the risk inherent in depository institutions proprietary trading. Others, though, believe that introducing new regulations won’t really solve [...]
Right now, there is a great deal of concern about the student loan bubble. The worries center around the fact that there is currently more student loan debt than there is credit card debt or auto loan debt.1 This large amount of debt has many worried about what it could mean for the economy if [...]
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