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Bank of America (BAC) To Repay Entire TARP Money

Thu, 03 Dec 2009 13:33:12 GMT

Bank of America Corporation (BAC) said on Wednesday that in a few days it will repay the entire $45 billion of bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year and after its purchase of Merrill Lynch & Co. earlier this year.[More...]

Treasury Sells Capital One Warrants

Wed, 02 Dec 2009 15:01:36 GMT

The U.S. Treasury Department said on Tuesday that it will auction 12.7 million warrants to buy common stock of Capital One Financial (COF) on Thursday. This is the latest government effort under the Troubled Asset Relief Program (TARP) set up during the height of the financial crisis last year to shore up the financial system.[More...]

FDIC Fund In The Negative

Wed, 25 Nov 2009 18:13:20 GMT

In its quarterly report on the banks, issued on Tuesday, the Federal Deposit Insurance Corporation (FDIC) said that the deposit insurance fund used to protect customer accounts dropped by $18.6 billion during the third quarter of 2009 to a deficit of $8.2 billion, while banks earned only $2.8 billion as loan defaults continued to hurt bank balance sheets. The agency said that the decline in the insurance fund was due primarily to an additional $21.7 billion set aside by the FDIC during the quarter for additional bank failures.[More...]

Can U.S. Bank Stocks Double Again In 2010?

Tue, 24 Nov 2009 12:51:49 GMT

In February 2009, I reviewed the operations of the 12 largest U.S. banks, and concluded most of them were sound.[More...]

U.S. Bank Failures Hit 124

Mon, 23 Nov 2009 13:34:08 GMT

U.S. regulators on Friday closed down Commerce Bank of Southwest Florida. Though there are some early signs of economic recovery, bank failures go on growing with rising loan defaults. This takes the total number of bank failures to 124, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults.[More...]

Treasury To Auction TARP Warrants

Fri, 20 Nov 2009 14:04:31 GMT

After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The government is taking this step to free the lenders from the federal bailout program.[More...]

Bank Failures Rise To 123

Mon, 16 Nov 2009 13:19:15 GMT

Regulators shut down 2 banks in Florida and 1 in California; U.S. bank failures reach 123 this year. U.S. regulators on Friday shuttered two more banks in Florida and one in California. Though there are some early signs of economic recovery, bank failures continue unabated. This takes the total number of bank failures to 123, compared to 25 in 2008 and 3 in 2007. The weak economy continues to weigh heavily on banks with a stream of loan defaults. As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increasing the possibility of more bank failures. However, the regulators are trying to avoid panic by seizing banks slowly. Also, the slow seizing could be a strategy as it is hard to get buyers for so many failed banks. The failed banks were -- Century Bank,[More...]

Bank Failures Pass 100 For The Year

Mon, 26 Oct 2009 13:20:17 GMT

Regulators shut down 7 more banks in FL, WI, GA, MN and IL; total failed banks in '09 reach 106 Though there are some early signs of economic recovery, bank failures continue and the pace has picked up sharply this year. With the failure of 7 more banks on Friday, the tally has surpassed 100 this year. This takes the total number to 106, compared to 25 in 2008 and 3 in 2007.[More...]

Wall Street Gains On Earnings Optimism, Caterpillar (NYSE: CAT) Soars

Mon, 19 Oct 2009 23:00:38 GMT

US stocks climbed, sending benchmark indexes to highest point in over a year, as a weak dollar and higher commodity prices boosted investor sentiment. Shares also rallied amid positive outlook for corporate earnings.[More...]

Market Closing : New Closing Highs For Year As Earnings Mostly Beat

Mon, 19 Oct 2009 20:55:00 GMT

Stock averages closed up around 1% and in the upper end of the day's range. Gains shaped up after a brief swoon into the red in early trading. Stocks have continued to trade at 2009 highs as most earnings meet or top expectations, in many cases due to cost-cutting.[More...]

BB&T announces new executive appointment

Sat, 05 Dec 2009 07:46:00 GMT

BB&T Corporation, a financial holding company, has appointed Bill Kilburg as the new president of its Peachtree City-based south Atlanta region.
He succeeds Derek Lane, who was named to head BB&T's Greensboro, North Carolina-based sales finance department.
The south Atlanta region has more than $1.7 billion in deposits and 31 financial centers.

: iStockAnalyst.com Symbols Feed

Bank of America (BAC) To Repay Entire TARP Money

Treasury Sells Capital One Warrants

FDIC Fund In The Negative

Can U.S. Bank Stocks Double Again In 2010?

U.S. Bank Failures Hit 124

Treasury To Auction TARP Warrants

Bank Failures Rise To 123

Bank Failures Pass 100 For The Year

Wall Street Gains On Earnings Optimism, Caterpillar (NYSE: CAT) Soars

Market Closing : New Closing Highs For Year As Earnings Mostly Beat

BB&T announces new executive appointment

Bank robbery suspect nabbed in Myrtle Beach area

BBandT has new marketing agency: Charlotte company has job of introducing bank in Alabama and Texas

Monarch Bank parent plans stock offering

Usher in season with Banker's Holiday: Tickets on sale for Dec. 4 party

CBandT maintains iron grip on local banking market: But competition heating up with Wells Fargo and BBandT entering the city

Fed: Banks to need OK on ATM overdraft fees

Shifting Deposits: Community Banks in the Roanoke and New River Valleys Are Gaining Ground.

Newcomers to Give Florida Banks a Run for the Money: New Bank Names Are Popping Up Around South Florida. As the Strong Replace the Weak and the Economy Stabilizes, the Changes Should Help Ease the Credit Crunch.

First Market Bank Nears Merger

Ridgewater Equity Begun In-Depth Analysis on BB&T Corp., Key Energy Services Inc., McMoRan Exploration Co., Unilever NV, Burger King Holdings Inc. and Realty Income Corp.

Longtime ClairMail Customer BB&Amp;T Receives Mobile Banking Accolades From Two Leading Industry Analyst Firms

U.S. Bank Expands in Nevada Through Acquisition of Banking Operations From BB&T Corporation

Wincor Nixdorf Signs Agreement With BB&T to Provide ProCash Hardware, Software and Maintenance Services

Metro Atlanta lawyer and businessman named BB&T director

BB&T Corporation Declares Dividend

Two BB&T Funds finish in top 1 percent of respective Morningstar categories

BB&T Equity Income Fund marks five-year anniversary with pair of industry accolades

Global Consumer Acquisition Corp in Discussions With BB&T Corp for Purchase of Its Nevada Operations

BB&T Announces Pricing of Common Stock Offering

Form 3 Boyer K. David Jr. For: Oct 27 (10K)

Form 4 MORRISON J HOLMES For: Mar 05 (10K)

Form 3 Powell Cynthia B For: Sep 01 (10K)

Form 4 BB&T CORP For: Sep 01 Filed by: VEST EDWARD D (10K)

Form 3 GLOVER J LITTLETON JR For: Aug 25 (10K)

Form 4 WIGGS STEVEN B For: Aug 11 (10K)

Form 4 KING KELLY S For: Jul 24 (10K)

Form 4/A SKAINS THOMAS E For: Jul 21 (10K)

Form 4 SKAINS THOMAS E For: Jul 21 (10K)

Form 4 ALLISON JOHN A For: Jul 21 (10K)