Banking, finance, and taxes

First UBS (UBS), Then Citi (C): Who Owns The Next Shoe?

UBS (UBS) and Citi (C) have both announced huge write-downs on their fixed income portfolios due to tight credit and deteriorating credit markets.

Watch all of the big money center banks and investment banks get pressured at the open. Wall St. does not know which big global financial institution will be next, but it will bet that their is a third, a fourth, and, perhaps a fifth.

The dip in financial stock in late August may just be the beginning.

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.

It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.

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