Knowyourbank.com’s blogs are focused on topics such as personal finance, credit, and bank fees. Our goal is to help provide readers with information that will help them make better decisions, save money, and avoid unnecessary fees.


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JP Morgan’s $2 Billion Loss Reaffirms the Need to End CDS Trading

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 [...]

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What Happens if Greece Leaves the Euro?

 There has been a lot of discussion about the possibility of Greece leaving the European Union but not much about the potential effect on the largest U.S. banks. If Greece leaves the Euro and there are sovereign bond defaults will our largest U.S. banks (Citibank, Bank of America, JP Morgan) take losses on their Credit [...]

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Do We Need to Reinstate the Glass-Steagall Act?

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 [...]

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The Student Loan Bubble

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 [...]

Local Branch Finder is Here!

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 [...]

Mobile Banking Facts

Mobile banking is becoming a more and more effective way to handle every day banking needs. With more people than ever using smart phones, banks are putting more of their resources into making safe and easy-to-use mobile applications for customers. One in five people are already using mobile banking. Are you? We'd love to know. [...]

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Rewards Credit Cards

How to Look for the Best Rewards Card There are many rewards credit cards out there, offering a number of opportunities for you to earn free travel, merchandise, and cash back. How do you know which one is right for you? Choosing a rewards credit card should be about what will benefit you the most [...]

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FDIC Insurance Limits and Your Money

After the financial crisis of 2008, in order to boost faith in banks and encourage deposits, FDIC insurance coverage was increased from $100,000 to $250,000. As a result, if a bank fails, you are entitled to get your money back -- up to $250,000. For many high net worth individuals, however, this is small comfort. [...]

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What is Inflation

One of the subjects coming up right now is food price inflation. However, it's not just inflation in terms of food prices that you have to be concerned about; inflation can strike just about anytime – and affect you in ways you might not realize. What is Inflation? Simply put, inflation is a rise in [...]

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How to Get a Car Loan

When you are ready to buy a car, chances are that you will need a loan to complete the transaction. Generally, there are two options available to you if you decide to finance your car: get a car loan through the bank or credit union, or a loan through the dealership. Getting a Car Loan [...]

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