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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...]

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...]

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...]

Goldman Sachs Updated Equity Holdings Analysis

Sat, 14 Nov 2009 22:38:16 GMT

The updated Goldman Sachs 13F is out. With 10,244 security holdings, amounting to $180 billion in gross exposure, split among 7 institutional investment managers (Goldman Sachs & Co; Goldman Sachs Asset Management; Goldman Sachs International; Goldman Sachs AG; Goldman Sachs Execution and Clearing; The Ayco Company; Goldman Sachs Trust Company), it presents an interesting picture of Goldman's core equity positions. The bulk of the security holdings are held at GS & Co. ($94.5 billion of market value), followed by Goldman Sachs Asset Management ($80 billion of market value). Furthermore, Goldman breaks down holdings based on value of Calls and Puts, in addition to underlying stock.[More...]

BlackRock: Global Dominator or Hulking Leviathan?

Thu, 12 Nov 2009 18:36:21 GMT

Employees of the former State Street Research and Merrill Lynch Investment Management organizations probably feared as much when they first heard their firms were to be acquired by BlackRock (in 2004 and 2006, respectively), a place known for its tightly run institutional bond management and no-nonsense CEO, Larry Fink. In fact, that seems to be almost exactly what they got. To hear members of the team tell it--over and over again--the model of "One BlackRock" is no joke.[More...]

October 31, 2009: Fixed Rate Capital Securities: An Interesting Alternative For Income Oriented Investors

Sun, 01 Nov 2009 17:13:55 GMT

In the early 1990s, a product called fixed rate capital securities was introduced to meet the needs of income-oriented investors and provide a cost efficient source of capital for issuers.[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...]

21 Breakout Stocks To Watch & Using Apple LEAP Options To Generate Income

Fri, 23 Oct 2009 20:16:38 GMT

I list some stocks which moved much higher on large volume. Also, I talk about the benefits of using LEAP options versus purchasing stock.[More...]

Daily Highlights: 10/7/09

Wed, 07 Oct 2009 13:11:54 GMT

Asian stocks gain on commodity prices; Newcrest advances on record gold prices.ECB little reason to raise rates over next 12 months because of a muted inflation outlook: IMF.Fed should increase interest rates 'sooner rather than later,' Hoenig says.[More...]

Goldman Sachs: The 'Smart' Money?!

Tue, 06 Oct 2009 04:15:52 GMT

U.S. stocks rebounded today, aided by a rally in financials. Why was the group strong? Because a team of analysts at a well-known Wall Street firm upgraded the large banks sector. And why did they do that? Bloomberg gives us the lowdown in "Wells Fargo, Biggest U.S. Banks Raised by Goldman":[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

FDIC Fund In The Negative

U.S. Bank Failures Hit 124

Bank Failures Rise To 123

Goldman Sachs Updated Equity Holdings Analysis

BlackRock: Global Dominator or Hulking Leviathan?

October 31, 2009: Fixed Rate Capital Securities: An Interesting Alternative For Income Oriented Investors

Bank Failures Pass 100 For The Year

21 Breakout Stocks To Watch & Using Apple LEAP Options To Generate Income

Daily Highlights: 10/7/09

Goldman Sachs: The 'Smart' Money?!

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)