During 2012, investor fears about the financial condition of banks resulted in the biggest decline in bank stocks since the financial crash of 2008. A weakening economy and fears about massive exposure to insolvent European financial institutions sent bank investors running to the exits. The brutal sell off in banking stocks during 2012 can be […]
Banking Update – Daily Banking News
December 23, 2011 By Leave a Comment
Welcome to Banking Update, a roundup of articles and news from around the Internet. The Fed’s low interest rate policy has killed savers but is it also killing the economy? Also, the U.S. is heading for another credit downgrade, what capital levels do banks real need and housing prices drop again. On to the links. […]
Banking Update – Daily Banking News
December 15, 2011 By Leave a Comment
Welcome to Banking Update, a roundup of articles and news from around the Internet. Let’s go right to the links. Kyle Bass, one of the sharpest investment minds in the world, gives an interview on the worldwide debt crisis. Mr. Bass expects Japan, one of the most indebted nations in the world, to be forced […]
Increase In Third Quarter Banking Profits Largely Due To Phony Accounting Gimmicks
November 23, 2011 By Leave a Comment
The FDIC’s Quarterly Banking Profile for the third quarter of 2011 shows banking industry profits increasing by 48% from the third quarter of 2010. Aggregate net income of the banking industry for the third quarter of 2011 totaled $35.3 billion compared to $23.8 billion in the third quarter of 2010. Although traditional news organization headlines proclaimed “Strong Profit Growth […]
FDIC Reports Decline In Problem Banks But Banking Industry Remains In Intensive Care
August 23, 2011 By Leave a Comment
The latest FDIC Quarterly Banking Profile shows a negligible decline in problem banks but the banking industry remains in intensive care. The banking industry reported a $28.8 billion profit for the second quarter which was $7.9 billion higher than last year’s quarter ending June 30, 2010. The bulk of the profit improvement, however, came from […]