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.
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.
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.
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.