Assessing Church Bonds as an Investment
Guidance on evaluating church financing bonds focuses on issuer reputation and track record, collateral quality and sinking funds, church financial health, and management strength. It advises considering maturity options, liquidity, and dealer buyback, noting most issues are unrated and small, with longer horizons and potential resale challenges.
MENTIONED IN THIS ARTICLE
Standard and Poor’s
S&p
Moody's
P.O
Cedar Rapids
Iowa
Yields Rise on Money Funds in Latest Week
The seven day average yield on money mutual funds rose to 4.02 percent from 3.95 percent, while seven day compounded rose to 4.20 percent from the prior week and 30 day compounded to 4.10 percent. Bank Rate Monitor reports higher yields across money market accounts and CDs with several maturities up.
MENTIONED IN THIS ARTICLE
New York
Money Mutual
IBC
Bank Rate Monitor
Ing
North Palm Beach
Fila
Health funds draw big inflows after health care bill setback
Investors flock to health care mutual funds as Congress recesses without passage of health care legislation. The G T Global Health Care Fund adds 35 million to 452 million assets after July redemptions of 6 million. Invesco Health Sciences gains 34 million to 488 million, reversing 8 million outflows. Fidelity Select Health Care grows 38 million to 654 million, after 12 million in redemptions.
MENTIONED IN THIS ARTICLE
G.T. Global Health Care Fund
Invesco Health Sciences Fund
Fidelity Select Health Care Fund
Phantom banks bilk investors across the nation
Phony banks posing as legitimate financial institutions target small investors and businesses for large upfront fees. Regulators report scams involving fake CDs and deposits, claiming affiliations with real banks or overseas entities. Cases span Rochester New York to Miami and Canada, with victims losing millions.
MENTIONED IN THIS ARTICLE
EW York
John Shockey
Federal Comptroller of the Currency
Rochester
N.Y
Soviet Union
Miami
Toronto
Caribbean
Monserrat
Germany
U.S
First American Insurance and Banking Corp
Warning signs of phantom banks alert consumers
Regulators warn of phantom banks offering high yield CDs and prime bank notes via ads and letters. Off shore accounts and unregistered institutions lure investors with promises of outsized returns, while real offices may be fake or nonexistent. FDIC lists over 60 illegitimate entities. Canadian concerns exceed 200. First American Insurance and Banking Corp misrepresented insured status, prompting FDIC alerts and investigations.
MENTIONED IN THIS ARTICLE
Ederal
Seetek Ceetee
Shockey
Caribbean
Larry Sweeny
New York State Banking Department
Federal
Det Insurance Corp
U.S
Canada
First American Insurance and Banking Corp
FDIC
Carole Mesheske
Division of Supervision
First American
Delaware
New York
Fifth Avenue
Mesheske
Also Mentioned on This Page
Bondy
Susan Bondy
Creators Syndicate Inc
Money Magazine
Congress
Bilk Investors
Institutions In the
Rene Agp Ghengy Pahalanai
Welter
Blairs Ferry Rd
First Avenue
S.E
B Ave
Vinton
the Friendly Bank
Cadillac
Excallen Co
Don
Bose
Maha Wan Licher
Chuakichie
Isale Price
Eleventh St. East
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!