The immediate reports of goodwill following Hurricane Sandy have given way to a more sinister sort of post-disaster phenomena: Opportunism. Residents of the Northeast—particularly New York and New Jersey—must scramble to find fuel, the most sought-after commodity in the superstorm’s … [Read more...]
Banks Offer Fee Waivers to Hurricane Sandy Sandy Storm Victims
America’s big banks have been criticized for accepting bailout funds and not easing strict fee policies which hurt customers. But in the wake of Hurricane Sandy, banks such as JPMorgan Chase, Bank of America, Citicorp and Wells Fargo are demonstrating a bit of compassion to customers … [Read more...]
Hurricane Sandy May Cost $50 Billion in Damage
Wall Street will reopen after Hurricane Sandy caused a two-day shutdown, the first time the New York Stock Exchange closed for weather since Hurricane Gloria in 1985. But experts don’t expect the market to carry on business as usual; instead they forecast the storm’s damage could cost … [Read more...]
