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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...]

Gold Continues To Climb

Mon, 23 Nov 2009 13:08:38 GMT

While all the major currencies continue to provide mix results, there is still one extremely strong in the market - the bullish Gold. During last night gold reached over$1,163 an ounce, making another all time high. However, a recovery of the Dollar, if indeed takes place, has the potential to put an end to Gold's uptrend.[More...]

Gold Continues to Rise, Reaches $1,129 an Ounce!

Mon, 16 Nov 2009 12:37:10 GMT

The strongest trend in the market appears to be the bullishness of gold. Gold continues to break new records on a daily basis, and with a week packed with publications from the U.S economy entering, the main question is, can gold reach higher?[More...]

Daily Highlights: 11/11/09

Wed, 11 Nov 2009 13:29:44 GMT

Asian stocks, currencies rise on Japan, China economic data; gold advances.China's industrial production output grew 16.1% in October, its fastest pace in more than a year.Job openings in U.S. remain close to record-lowsOil prices fell $79 a barrel in Asia amid rising U.S. oil inventories and a weaker dollarSwiss rules to tie bonuses to profit will apply only to the nation’s 12 largest banksUnfilled positions climb to most since June as US companies delay hiring.USDA trimmed its production forecast and raised its price outlook for crops.Adobe to cut about 680 full-time positions or about 9% of its total work force.AIG’s CEO Robert Benmosche, after just 3 months, is ready to quit over pay constraintsArvinMeritor[More...]

Bank Failures – This Time We Dig Into The Facts

Sun, 08 Nov 2009 18:11:47 GMT

Yesterday’s five bank failures bring the number of banks to fail during this economic storm to 120. Should these bank failures come as a surprise? No, some were already slapped with a Cease and Desist order prior to the FDIC shutting them down. The FDIC never announces to anyone, not even to the bank being closed that they will be seized ahead of time.[More...]

Currency Pair Overview: Major Pairs Near Major Moving Averages

Thu, 05 Nov 2009 04:34:22 GMT

Nov 04 09 Most of the major pairs spent the Asian session trading near their major moving averages. During the session, Japan released their monetary policy meeting minutes where the bank pushed for better corporate funding support. Also, from Australia came the trade balance report which showed that the trade deficit widened less than forecasted.[More...]

Dollar Trades Higher As Fed Rate Announcement Awaited

Wed, 04 Nov 2009 15:23:19 GMT

The Federal Reserve is expected to keep its benchmark Interest Rate unchanged near zero today, as traders get ready for a busy news cycle. Investors will focus on the interest rate outlook, but many analysts say the Fed is unlikely to change the wording of its pledge to keep rates low for an extended period. This may have the result of stabilizing USD trading, or potentially driving the world's primary currency to new extremes. Will the USD experience a reversal from yesterday's bullishness?[More...]

Interests Rates Announcements Expected from the U.S, U.K and Euro-Zone this Week

Mon, 02 Nov 2009 13:57:58 GMT

After a week of greenback recovering this week promises to provide high volatility. Interest Rate announcements are expected from the U.S, the Euro-Zone and the U.K. In addition, the Non-Farm Employment Change for October will be released on Friday. In short, sharp fluctuations are expected, with plenty of opportunities to make large profits.[More...]

Dukascopy Market Review, European Session, 30th October

Fri, 30 Oct 2009 13:56:54 GMT

Previous session overview The euro gained further against the dollar in Asia Friday as rising regional stock markets and signs of U.S. economic improvement encouraged investors to take risks by loading up on higher-yielding currencies.[More...]

The Bank Holdings Announces Voluntary Delisting of Its Common Stock

Fri, 18 Sep 2009 20:46:00 GMT

The Bank Holdings (NASDAQ:TBHS), the holding company for Nevada Security Bank, announced today that it has given formal written notice to the NASDAQ Stock Market ("NASDAQ") of the Company's intention to voluntarily delist its common stock from the NASDAQ Capital Market.
As the Company had already determined it to be in its best interest to voluntarily delist prior to receiving the letter, it proceeded to notify NASDAQ of its decision, which it did on September 18, 2009, and it will not seek to regain compliance with the NASDAQ Listing Rule.
The Company currently anticipates that it will file a Form 25 with the Securities and Exchange Commission ("SEC") and NASDAQ relating to the delisting of its common stock on or about September 28, 2009.

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The Bank Holdings Announces Joint Agreement to Strengthen Subsidiary Bank Condition and Operations

Thu, 02 Jul 2009 23:46:00 GMT

The Bank Holdings (NASDAQ: TBHS), parent holding company of Nevada Security Bank (operating under the name Silverado Bank in California), today announced that its principal subsidiary, Nevada Security Bank (the "Bank"), entered into a joint agreement with the FDIC and the Nevada Financial Institutions Division for an action plan designed to strengthen and improve the Bank's financial condition and operations.
The action plan is based on items identified during the Bank's routine regulatory exam completed in February 2009 and largely reflects strategic initiatives already put into action by the Board of Directors and management both prior to and since the exam, which are now reflecting results.
"Nevada Security Bank faces unprecedented challenges with the increasing level of non-performing loans, the steep declines in the underlying value of real estate collateral and the greater loan loss provisions required," said Hal Giomi, Chairman and CEO.

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The Bank Holdings Announces Fourth Quarter & Year-End Results

Fri, 27 Mar 2009 22:56:00 GMT

The Bank Holdings (NASDAQ: TBHS) announced results of operations for the quarter and twelve-month period ended December 31, 2008 including the non-recurring, non-cash write-down of goodwill and the one-time write-down of Fannie Mae and Freddie Mac (GSE) preferred stock. Both the Company and Nevada Security Bank were well capitalized after these write-downs.[More...]

The Bank Holdings Announces Participation in the Capital Purchase Program - Nov 1 2008 12:52AM

Sat, 01 Nov 2008 04:47:00 GMT

The Bank Holdings (NASDAQ: TBHS) announced the filing of an application with its primary regulator to voluntarily participate in the Capital Purchase Program (CPP) in conjunction with the U.S. Treasury Department's Troubled Asset Relief Program (TARP).
The Bank Holdings (the Company) is the parent company of Nevada Security Bank (the Bank), which operates under the name Silverado Bank in California, and Granite Exchange, Inc. (Granite).
"Although the Company and the Bank remain well capitalized, the terms of the CPP are favorable and provide an attractive and low-cost alternative to other capital sources in the market.

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The Bank Holdings Announces Participation in the Capital Purchase Program - Oct 31 2008 8:49PM

Sat, 01 Nov 2008 00:01:00 GMT

The Bank Holdings (NASDAQ: TBHS) announced the filing of an application with its primary regulator to voluntarily participate in the Capital Purchase Program (CPP) in conjunction with the U.S. Treasury Department’s Troubled Asset Relief Program (TARP). The Company’s application includes the issuance of $5 million to $15 million in senior preferred stock. The Bank Holdings (the Company) is the parent company of Nevada Security Bank (the Bank), which operates under the name Silverado Bank in California, and Granite Exchange, Inc. (Granite).[More...]

The Bank Holdings Announces Third Quarter Results

Fri, 31 Oct 2008 23:56:00 GMT

The Bank Holdings (NASDAQ: TBHS) announced results of operations for the quarter and nine-month period ended September 30, 2008 including the non-recurring, non-cash write-down of goodwill and the one-time write-down of Fannie Mae and Freddie Mac (GSE) preferred stock. The Bank Holdings (the Company) is the parent company of Nevada Security Bank (the Bank), which operates under the name Silverado Bank in California and Granite Exchange, Inc. (Granite). Both the Company and Nevada Security Bank remain well capitalized after these write-downs.[More...]

The Bank Holdings Reports Second Quarter Earnings

Thu, 31 Jul 2008 22:26:00 GMT

The Bank Holdings (NASDAQ: TBHS), parent holding company of Nevada Security Bank (operating under the name Silverado Bank in California) and Granite Exchange, Inc., today announced results of operations for the quarter ended June 30, 2008.[More...]

The Bank Holdings to Present at D.A. Davidson & Co. Financial Services Conference - Jun 2 2008 5:20AM

Thu, 01 May 2008 21:30:00 GMT

The Bank Holdings (NASDAQ: TBHS), parent holding company of Nevada Security Bank (which operates under the name Silverado Bank in California), Granite Exchange, Inc. and Rocky Mountain Exchange today announced that Hal Giomi, Chairman and Chief Executive Officer, and Jack Buchold, Chief Financial Officer, will be presenting at the 10th Annual D.A. Davidson & Co. Financial Services Conference in Seattle, Wash.[More...]