Fadi El-Eter

Yes - I know - I am writing a lot about lines of credit, but it seems that my readers are enjoying my posts about it. In today's post, I am going to discuss how to cancel a line of credit. The easiest way to cancel your line of credit is to simply call...

I have explained early this year how to get an unsecured line of credit in Canada - since then, I got several people asking me on the difference between an unsecured line of credit and a home equity line of credit so I have decided to clarify the...

Canadian banks have been rushing to invent new fees since 2008. This strategy is important to maintain their growth and inflate their stock value. One of the recently added fees is the dormant account fee. That fee was added a few years ago by one bank...

Unless you are still in holiday mood, you would have probably noticed that Bank of America's stock has skyrocketed since the beginning of the year. BAC is up about 31% this year so far and the month of January is not even over yet. So, what's the deal?...

After my accurate prediction of the IRE reverse split back in July (3 months before the actual reverse split), I am now pondering, which stock is next on the reverse split list. And then I thought, hmmm, Bank of America is technically becoming more and...

I though there was going to be another reverse split, but I was wrong. AIB (Allied Irish Banks) elected to delist itself from the NYSE after reaching an all time low of $0.68/share (or $0.136 before taking the reverse split of 1:5 back in February into...

AIB (Allied Irish Banks, plc.) has been trading for less than a dollar for more than 10 days already. Now we know that a stock will be delisted from the NYSE if it trades for less than a dollar for over a month (apparently, NYSE does not like penny...

I know that bank stocks nowadays are very scary, but, on the other hand, I think that they're undervalued on the long run. A bank stock that I think is a good stock is UBS, and here's why: - UBS is the largest bank in Switzerland (the second largest...

I am watching closely nearly all US bank stocks, and here are some facts from my observations: Most of their respective companies are (officially) making money (with the exception of Bank of America). Nearly all of them have a very low P/E hovering...

According to CNN, yesterday was the 7th most horrible day in the stock market. The Dow index went down 635 points (or 5.55%), while the S&P went down 80 points (or 6.67%) The most affected sector was the financial sector, where stocks such as BAC and C...