Ingrid Robinson said she died Nov. 16, 1998, the day her only child overdosed on heroin in a Manhattan apartment. So nine years later, the single mother said, she had nothing left to lose when a lender cheated her out of $10,000 saved to create a legacy for her late daughter, Michelle.
A neighborhood bistro on the cable- car line, a Greek restaurant in Silicon Valley and a pizza bar in Redwood City are among 83 San Francisco area establishments honored today by Michelin for serving good-value, quality food.
Profit margins at U.S. banks may get a boost from increasing deposits as customers show a preference for immediate access to their money and less appetite for risk with interest rates at a record low and the economy still seeking a bounce from recession.
U.S. banks, such as Citigroup Inc. and Bank of America Corp. , are paying savers the lowest average rates on record amid elevated joblessness and weak loan demand, data collected by Market Rates Insight shows.
The U.S. government’s bailout of financial firms through the Troubled Asset Relief Program provided taxpayers with higher returns than yields paid on 30- year Treasury bonds -- enough money to fund the Securities and Exchange Commission for the next two decades.