Do you think that personal financial literacy is not important in our society? Dennis Rodman is broke, 20% of 100k wage earners live paycheck, one in three adults are unable to bank in the mainstream financial system. Please reference articles below: Dennis Rodman Is 'Broke,' Suffering from 'Drinking Problem' Former NBA player Dennis Rodman hosts St. Patricks Day Party at the Tabu Ultra Lounge at the MGM Grand Hotel/Casino on March 17, 2012 in Las Vegas, Nevada. (Bryan Steffy/WireImage/Getty Images) Financial literacy is “the ability to effectively evaluate and manage one’s finances in order to make prudent decisions towards reaching life’s goals.” However, we have a huge financial illiteracy problem in the United States. The economic crisis in America has brought to light our urgent need to enhance our personal finance skills. Just look at the statistics— The average American family spends $1.22 for every dollar earned The average … [Read more...]
The End of and Era: RBC/Centura Bank merger with PNC brings a finality
DC banking consumers take notice as PNC Bank is poised to expand the bank’s footprint south to Florida and Birmingham, Alabama. PNC’s gain is a major loss for the state of North Carolina. The end of a banking era approaches rapidly as RBC Bank will close at 4pm on March 2, and reopen March 5 as PNC. RBC Bank formerly RBC Centura or Centura Bank was HQ in Rocky Mount, NC until moving the US banking HQ to Raleigh, NC after Centura Bank was acquired by Royal Bank of Canada. Centura Bank was an Eastern North Carolina bank before making several acquisitions including the 2000 Triangle Bank merger to spread the bank’s footprint beyond Eastern NC with 250 branches in North Carolina, South Carolina, and Virginia by the 2001 merger announcement with Royal Bank of Canada. The employees and customers of RBC will not hear the infamous city names of Raleigh and Rocky Mount as the command center for the bank. PNC is Pittsburgh, Mid-Atlantic, and Northeast with DC and Philly are … [Read more...]
PNC insures RBC merger is fast track south from DC to Atlanta
A bank invasion force is massing in the north from Pittsburgh to Washington, DC , and this bank invasion force is poised to pour south in Stealth Mode in December 2011 to be revealed in March 2012. The banks in the South are aware of the pending storm. SunTrust, Bank of America, and BB&T call these parts home. These banks are typically the invaders, but time and tide has changed fortunes brought an opportunity for a formidable opponent to come south. The big banks of the South knows where the invasion force will target first in its mission to gain dominance in the south, Atlanta. In this game of chess, the invader is PNC Bank, and the recent acquisition of RBC Bank USA's division out of Raleigh, NC allows an opportunity to be on the offensive in the south for the first time against competitors such as Bank of America, BB&T, and SunTrust. In addition, PNC did acquire Flagstar Bank of Michigan before the RBC deal was announced, and the Flagstar Bank had a small presence … [Read more...]
