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The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Credit Market Overview: Dec 3, 2009

Thu, 03 Dec 2009 12:59:02 GMT

The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a collapse in confidence in the value of the securities investors held which corrupted the credit markets causing them to cease funding.[More...]

Grab Some Northern Exposure With EWC

Wed, 02 Dec 2009 21:39:42 GMT

Emerging markets are captivating investors again, but tidy profits aren’t always far away. Placing your bets on well-established global markets can also prove rewarding. That's why we're looking at Canada.[More...]

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Wed, 02 Dec 2009 21:20:20 GMT

U.S. job losses in the private sector slowed in November but still exceeded economists’ projections, a report by payroll-processing firm Automatic Data Processing (Nasdaq: ADP) indicated yesterday (Wednesday).[More...]

Why Barrick Closed Their Gold Hedge

Wed, 02 Dec 2009 19:15:14 GMT

It sure looks like gold is going to close above $1,200 an ounce today in New York. And large open market purchases from central banks in China, India and Russia are only helping the price surge more. (Just one year ago, some of these same central banks were actually selling gold in an attempt to fill an annual 10,000-ton supply gap.)[More...]

How To Profit From The 'Next' Dubai

Wed, 02 Dec 2009 13:51:42 GMT

The Dubai World default is a matter of only $60 billion – mere peanuts when compared to other elements of the global financial crisis. It’s thus of concern only to those silly enough to invest in real estate there (and the European banks foolish enough to finance it.) For the rest of us, it is a useful reminder that sudden collapses don’t really come out of nowhere – they can be foreseen, and smart investors can plan for them.[More...]

Jobless rate dips to 10 percent; workweek hours up

Fri, 04 Dec 2009 21:50:00 GMT

Dec. 4--The nation's payrolls shed just 11,000 last month -- the smallest number of cuts since the recession began, a sign that the labor market is beginning to stabilize.
The unemployment rate dropped to 10 percent, from 10.2 percent, the U.S. Department of Labor reported today.
"It is a very nice shot of holiday cheer for everyone," said Robert Dye, senior economist for the PNC Financial Services Group, Pittsburgh.

: iStockAnalyst.com Symbols Feed

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

China Will Continue To Drive The Global Economic Recovery In 2010

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Credit Market Overview: Dec 3, 2009

Grab Some Northern Exposure With EWC

Unemployment Struggling To Turn A Corner As Job Losses Mount In November

Why Barrick Closed Their Gold Hedge

How To Profit From The 'Next' Dubai

Jobless rate dips to 10 percent; workweek hours up

Song lyrics' followers go a-saving on some gifts, but not the rings

Bank deposits grew in NEPA

First Niagara asks for change: Thrift company wants to own banks

CalPERS reportedly severing ties with investment adviser BlackRock

No rip, no roar -- Economic recovery plods as consumers lack will, ability to spend

MEMC amends revolving credit agreement

Mixed signs on consumer confidence

Recovery creeping along slowly

Consumers feel less confident

ShopNBC Announces New Credit Facility With PNC Bank

Good News Holiday Shoppers: All Large Bank Debit Cards Now Offer Zero-Liability; Banks Also Bolster ID Fraud Prevention and Minimize SSN Use

RioCan Real Estate Investment Trust Announces Agreement With Cedar Shopping Centers, Inc. For an Equity Investment and Real Estate Joint Venture in the Northeast United States

Global Financial Crisis Weighs on Results of Ponemon Institute 2009 Most Trusted Companies for Retail Banking Study

Wells Fargo Expands Commercial Banking in Anaheim

Arch Chemicals Enters into New Accounts Receivable Securitization Facility

Volt Information Sciences Updates Status of Accounting Review and Announces Amendment of Securitization Program

Verizon COO Announces Plans to Retire

House Price Declines Continue to Moderate

Farmers National Bank of Emlenton Announces Completion of Acquisition of National City Branch Office in Titusville, Pennsylvania

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: WHITFORD THOMAS K (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: SHACK TIMOTHY G (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: ROHR JAMES E (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: JOHNSON RICHARD J (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: GUYAUX JOSEPH C (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 25 Filed by: DEMCHAK WILLIAM S (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 12 Filed by: WHITFORD THOMAS K (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 12 Filed by: SHACK TIMOTHY G (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 12 Filed by: ROHR JAMES E (10K)

Form 4 PNC FINANCIAL SERVICES For: Nov 12 Filed by: JOHNSON RICHARD J (10K)