Archive for May, 2009

3 US banks shut by regulators as financial crisis deepens

Three banks, two in California and one in Georgia, were seized by regulators, bringing this year’s tally of closings to nine as a recession and record foreclosures extend the biggest financial crisis in more than 70 years.
County Bank of Merced, California, with deposits of $1.3 billion and assets of $1.7 billion, was shut yesterday by […]

More consumers find credit card terms changed as issuers cite rising risk

Sweeping new federal rules aimed at banning controversial credit card practices don’t take effect until 2010.
But if you ask Jackie Jensen, card issuers are trying to throw in as many changes in account terms now before things tighten up.
The Rowlett resident and her husband, James, used a balance transfer offer on their Chase credit card […]

Economic-stimulus bills allot millions for STD prevention

The two sides of Capitol Hill appear to be engaging in a bidding war to see who can put more money toward the prevention of sexually transmitted diseases in its version of the economic stimulus bill.
The House included $335 million in its package. But the Senate, not to be outdone, provided $400 million in STD […]

The 20 best music festivals in Europe

Start packing those sunglasses and that swimwear for the annual pilgrimage to escape the shocking weather at Britain’s festivals.
The pound has collapsed but there’s still sure to be a large contingent of Brits heading to sunnier climes for their music festival fix this year.
Some countries, especially in eastern Europe, are still much cheaper […]