Results tagged “washingtonmutual”

HSBC Bank based out of New York is expanding into new retail banking markets adding offices in D.C., San Francisco, and L.A. but will likely pass over Chicago because it’s “heavily overbanked,” Brendan McDonagh, chief executive of HSBC North America told the Tribune. McDonagh used Washington Mutual as an example. The Tribune reported: “Washington Mutual mounted an aggressive branch expansion in the Chicago market starting in 2003, peaking at more than 170. Then, over the years it retrenched to about 120, and even more closed as the institution was integrated into its new owner JPMorgan Chase…”. McDonagh says HSBC will move slowly and watch how the WaMu to Chase transition plays out, as well as Bank of America’s acquisition of LaSalle Bank. [Tribune]

A local tumbling team lost two of its members in a crash this week, and the whole story is seriously pulling on our heartstrings. A van carrying the Chicago Boyz Acrobatic Team apparently crashed due to a fatigued driver and icy conditions near the Wisconsin-Minnesota border, killing tumbler Ricky Jones and his coach, Donny Samson, who were 15 and 27 years old, respectively. The advanced tumbling team has performed at Bulls games and on "The...

Now that we are at Chicagoist we don't really have money troubles, but we know how ridiculous overdraft fees can be. First of all, unless you are writing checks we still don't really understand how banks let you use more money than you have in your account. As we have seen in some commercial for a bank, you can buy a cup of coffee and magically your Gateway computer shows the charge in your bank account. We would think once the money runs out, it would stop working. Well, evidently that is nonsense.

From cross-dressing bank robbers to little old ladies, bank robberies are on the rise. The Chicago Tribune reports 206 bank robberies in Chicagoland so far this year. We'll make it to about 280 robberies, past the 2005 record high of 240, if the current rate keeps up.