The Motley Fool

MARCH 23, 2024

Paying around $251 a month out of a bank account is a lot of money, so it's not surprising that many people want to look into cheap auto insurance. For example, the average cost of a liability-only car insurance policy is $787, while the average cost of a comprehensive policy is $3,296 per year.

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The Motley Fool

MAY 19, 2024

It's easy to find CD rates of 5% or higher right now through some online banks. All of the money in a CD is FDIC-insured, so if a bank fails with your money in it, you'll get it back, up to $250,000. While bank failures aren't common, a few have occurred in the recent past.

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The Motley Fool

MAY 2, 2024

You'll need a small business bank account The most important first step for small business accounting is to open a small business bank account. A business bank account will also help keep your personal assets from being caught up in certain tax audits, bankruptcy, or lawsuits if any of those circumstances pop up with your business.

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The Motley Fool

NOVEMBER 23, 2023

Image source: Getty Images Since your debit card is connected to your bank account, not being able to find it is stressful. The immediate concern is that a thief has it and will drain your bank account. Banks are also good at resolving this situation quickly, once they know about it.

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Liabilities Banks Legal Accounting 130

The Motley Fool

DECEMBER 26, 2023

You'll often find the bank notices the problem before you do and freezes your card as a precaution. Contact your bank The sooner you contact your bank or card issuer, the better chance you have of getting your money back. If you use online banking or an app, you may be able to report fraud that way.

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Banks Accounting Liabilities Debt 245

The Motley Fool

SEPTEMBER 12, 2023

In a nutshell, it's a measure of your assets minus your liabilities. Your total liabilities equal $235,000. These savings accounts are FDIC insured and could earn you 12x your bank Many people are missing out on guaranteed returns as their money languishes in a big bank savings account earning next to no interest.

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Liabilities Debt Banks Accounting 245

The Motley Fool

FEBRUARY 28, 2024

Most states (48 out of 50) require minimum car insurance Unless you live in Virginia or New Hampshire, your state will require you to have a minimum amount of auto liability insurance coverage. A common state standard: 25/50/25 liability insurance Different states have different specific requirements for auto liability insurance.

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The Motley Fool

MAY 16, 2024

times book value It's not uncommon for bank stocks to trade at or around their book values. Over the next two years, the top bank is planning to shed 20,000 jobs from a global workforce of 239,000. Over the next two years, the top bank is planning to shed 20,000 jobs from a global workforce of 239,000. Citigroup: 0.6

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Liabilities Banks Debt Assets 130

The Motley Fool

JANUARY 22, 2024

In most states, with just some simple paperwork and a small fee, you can set up a small business that has its own separate identity for banking , taxes, and liability purposes. There are many ways to set up a business structure, such as an LLC (limited liability company), corporation, or other business entity.

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The Motley Fool

DECEMBER 7, 2023

And drivers who don't have insurance and cause a crash may get stuck paying for the accident victim's bills out of their bank account , which is likely to be financially devastating. In some cases, drivers only need to buy liability insurance and only buy around $15,000 or $25,000 per person and $30,000 or $50,000 per accident in coverage.

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Liabilities Banks Assets Accounting 233

The Motley Fool

MAY 7, 2024

Misunderstanding your CD's APY can lead to unrealistic expectations Banks list bank accounts (CDs, savings, checking, and money market accounts) by their annual percentage yields (APYs). In a nutshell, the APY is how much interest a bank account will generate within a year.

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The Motley Fool

FEBRUARY 5, 2024

And it caps off a pretty strong 2023 for this fintech and digital banking pioneer. was rattled by the regional banking fiasco that saw some big institutions completely fail. This forced consumers to question if they could trust their own banks with their hard-earned savings. There are compelling reasons to be bullish.

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Banks Liabilities Financial Services Accounting 263

The Motley Fool

JANUARY 19, 2024

I have two, because I have checking accounts at two different banks, but I store both of them in a safe place in my home, rather than keeping them in my wallet. The reason for this comes down to your liability should the worst happen. Remember, debit cards allow you to access money in the bank accounts they're linked to.

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Liabilities Banks Accounting Financing 130

The Motley Fool

MAY 8, 2024

Your side hustle should be putting piles of extra cash in your bank account , not just giving your friends free cupcakes. But if you're starting to make serious money from your side hustle, forming a limited liability company (LLC) or other legal business entity could be a good move. It lets you open a business bank account.

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The Motley Fool

FEBRUARY 24, 2024

14 thanks to Bank of America upgrading the stock from a neutral rating to a buy. billion, far exceeding total liabilities of $615 million. In fact, Bank of America set a price target of $35. Robert Izquierdo has positions in Bank of America, Cisco Systems, CrowdStrike, International Business Machines, Microsoft, and SentinelOne.

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The Motley Fool

JANUARY 5, 2024

If you have a skimpy amount of car insurance coverage, you risk massive financial losses and legal liabilities. Liability insurance: Must-have (and required by law) Liability insurance is a must-have, because it protects you in case of an accident that is your fault. But don't cut your car insurance budget too far.

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Liabilities Legal Banks Accounting 130

The Motley Fool

APRIL 16, 2024

Several banks in the U.S. kicked off the first-quarter earnings season, with investors paying particular attention to the largest bank in the U.S., The bank beat analysts' top- and bottom-line estimates on several metrics. The bank's NII fell quarter over quarter due to margin compression and lower deposit balances.

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The Motley Fool

DECEMBER 18, 2023

This is called tax loss harvesting , and it could potentially reduce your tax liability and eliminate some lemons in your portfolio. If that holds true, then CD yields, which have been exceptionally high in 2023, might start to shrink in the new year as banks lower rates on consumer accounts.

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Taxes Debt Banks Accounting 246

Pension Pulse

JANUARY 31, 2024

AIMCo CEO Evan Siddall wrote an op-ed for the Globe and Mail stating ‘shadow banks’ aren’t a problem for the financial system – they are the solution: During the Great Financial Crisis of 2008-09, society paid a heavy price for having allowed financial institutions to become “too big to fail.”

Banks 59

Banks Pension Funds Investing Financial Institutions 59

The Motley Fool

JANUARY 31, 2024

Shares of the banking company traded down 36% as of 10:30 a.m. A tough quarter of integration Last year was a period of transformation for New York Community, which acquired Flagstar Bank to build its capabilities as a full-service commercial bank. On Wednesday, New York Community Bank reported a fourth-quarter loss of $0.36

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Banks Liabilities Assets Shareholders 130

The Motley Fool

APRIL 9, 2024

This is a fully digital bank with no physical branches. Moreover, SoFi's success has spurred banking heavyweights to also start investing in their own digital efforts. The issue with bank stocks I think there's a lot to like about SoFi. The market is valuing SoFi as a combination of a bank and tech stock.

Banks 130

Banks Financial Institutions Liabilities Shareholders 130

The Motley Fool

MAY 8, 2024

Forming an LLC or other legal business entity If you want to make your business "official" in the eyes of the law, you need to form a limited liability company (LLC), S Corporation, or other legal business entity. Opening a business bank account is generally not too hard, as long as you have an Employer ID Number for your business.

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The Motley Fool

SEPTEMBER 30, 2023

In fact, I'm happy to have the extra money come out of my bank account. My state -- like most states -- only requires liability auto insurance, not collision or comprehensive coverage. Liability coverage would only pay up to policy limits, creating a significant risk of out-of-pocket losses. Here's why.

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The Motley Fool

MAY 15, 2024

Under the conditions of bankruptcy, it is very improbable that Steward will be able to pay its $9 billion in total liabilities, $6.6 The real estate investment trust (REIT) actually has it worse than others might, as it was banking on the income from the leases to pay out through 2041. In that period, Steward accounted for 20.3%

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Liabilities Debt Prospects Banks 130

The Motley Fool

FEBRUARY 4, 2024

In fact, the depressions in 1878 and 1893 occurred prior to the creation of the nation's central bank. Commercial bank credit is another data point worth eyeing that's recently made history. Commercial bank credit includes all loans, leases, and securities (e.g., commercial banks. mortgage-backed securities) held by U.S.

Banks 246

Banks Consultants Consulting Liabilities 246

The Motley Fool

APRIL 20, 2024

These days, the amount of interest you earn might be pretty generous, with many banks paying more than 4.00%. The $500 from your HSA won't add to your tax liability, and you'll get to enjoy that gain in full. You can invest the money you don't pull out right away The money you keep in a savings account can earn interest for you.

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Accounting Taxes Banks Liabilities 130

Top 1000 Funds

JANUARY 10, 2024

The CIO of Iceland's second largest pension fund outlines the importance of diversification overseas – and the challenge of not being able to hedge inflation in the fund's liabilities because of limitations in the banking sector.

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Pension Funds Liabilities Banks Funds 116

The Motley Fool

APRIL 18, 2024

Anyone who owns a small business with a legal entity, like a limited liability corporation (LLC) should pay attention to this new rule. banking system. Just like banks have to file reports about suspiciously large deposits of cash to stop money laundering, the U.S. You cannot afford to miss this deadline.

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The Motley Fool

MARCH 5, 2024

And there are a couple specific situations where a cheap policy could turn out to be very expensive for a driver's bank account. In most states, drivers are only required to buy a relatively small amount of liability coverage. Here's why.

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Liabilities Banks Assets Accounting 130

The Motley Fool

JANUARY 14, 2024

That's nearly five times the amount of its total liabilities: $359 million. CRISPR could pay off all of its liabilities, both short and long term, and still have more than $1 billion left in short-term liquid assets. If the deal involves cash, then shareholders could be banking on a big payday coming their way. As of Sept.

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The Motley Fool

FEBRUARY 1, 2024

In 2023, it first acquired Flagstar Bank to round out its commercial banking capabilities, and soon after that deal closed New York Community seized on the opportunity to acquire assets and liabilities of the failed Signature Bank from the Federal Deposit Insurance Corp. There's a good chance the sell-off is overdone.

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Banks Liabilities Assets Returns 130

The Motley Fool

APRIL 10, 2024

You can take as much out of these accounts as you'd like each year, and the government will act as though those withdrawals didn't happen when it calculates your tax liability for the year. You may be able to set up automatic transfers from a bank account if you'd like. Any major broker can help you with this.

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Taxes Accounting Liabilities Banks 244

The Motley Fool

SEPTEMBER 20, 2023

Berkshire Hathaway also owns a massive portfolio of stocks that includes some of the largest and most successful companies in the world, such as Apple , Bank of America (NYSE: BAC) , and American Express. The Motley Fool has positions in and recommends Apple, Bank of America, Berkshire Hathaway, and Goldman Sachs Group.

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Conglomerates Banks Liabilities Prospects 234

The Motley Fool

DECEMBER 2, 2023

In fact, depending on the state, drivers may be able to get away with having just $15,000 per person and $30,000 per incident in bodily injury liability coverage. In other words, they will go to court and try to get a judgment that the driver would have to pay out of their own bank account.

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Liabilities Legal Assets Banks 130

The Motley Fool

SEPTEMBER 21, 2023

The company has faced a barrage of legal issues, creating uncertainty over its liability. billion over the coming years, including $1 billion in stock, it has ample liquidity to cover this liability thanks to its cash, cash flow, and the value of its upcoming healthcare spinoff. While it agreed to pay out a whopping $18.5

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The Motley Fool

FEBRUARY 5, 2024

Often, we don't notice these earnings because our bank deposits the funds automatically each month. If you don't know how much you've earned on your savings account funds in 2023, try looking back at your bank statements or contacting your financial institution for help.

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Taxes Debt Financial Institutions Liabilities 246

The Motley Fool

OCTOBER 8, 2023

You want to grow your business bank account balance while making smart investments in your company's future, so you don't want to spend on anything unnecessary. Every business should have liability insurance in case it is sued. Here's what they are.

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