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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...]

Hot Stocks Of The Day: CEPH, CI, CIEN, LDK, ZION

Mon, 23 Nov 2009 19:04:51 GMT

US stocks were higher in midday trade as better-than-expected housing data reinforced hopes of strong economic recovery.[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...]

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...]

94 Bank Failures So Far In `09

Tue, 22 Sep 2009 13:20:58 GMT

Regulators shut down 2 more banks in Kentucky and Indiana; tally hits 94 this year U.S. regulators on Friday shuttered two more banks in Kentucky and Indiana as the recession continues to weigh heavily on banks. Both of the failed banks were run by Columbus, Indiana-based Irwin Financial Corporation. This takes the total number of failed federally insured banks this year to 94, compared to 25 in 2008 and 3 in 2007.[More...]

JPMorgan Chase (NYSE: JPM) Likely To Raise Dividend In 2010

Wed, 16 Sep 2009 14:25:00 GMT

JPMorgan Chase & Co. (NYSE:JPM) is one of the few banking companies that have paid dividends despite facing the subprime carnage.[More...]

5 More Banks Fail - 89 In '09 To Date

Tue, 08 Sep 2009 14:01:14 GMT

Three more banks and two thrifts in U.S. fail, tally reaches 89 this year The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered five more institutions in Missouri, Illinois, Iowa and Arizona. This takes the total number of failed federally insured banks this year to 89, compared to 25 in 2008 and 3 in 2007.[More...]

Bank Failures Continue

Mon, 31 Aug 2009 14:09:00 GMT

Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits.[More...]

Housing Bouncing Along Bottom

Tue, 18 Aug 2009 16:36:22 GMT

We are seeing more signs that the housing industry is bouncing along a bottom. Housing starts declined 1% to an annualized pace of 581,000 last month. Building permits fell 1.8% to an annualized pace of 560,000. Conversely, Home Depot (HD) raised its full-year earnings guidance. The numbers follow a survey showing increased optimism on the part of builders. The National Association of Home Builders/Wells Fargo Housing Market Index reached 18 last month, its highest level since June 2008. Behind the numbers are some cross-currents that often occur as a sector tries to find its legs. Though housing starts fell, the drop reflected fewer multi-home units being built. Single-family starts were actually up slightly last month. On the other hand,[More...]

Bank earnings depict industry of haves, have nots

Wed, 21 Oct 2009 22:49:00 GMT

NEW YORK - The earnings reports from Wells Fargo & Co., Morgan Stanley and a handful of regional banks show there's a formula for prospering in a weak economy: a strong retail or investment banking operation and plenty of money on hand.
So have the companies that do investment banking.
Wells Fargo and US Bancorp, a regional based in Minneapolis, both said Wednesday the money they made by making loans and managing customer accounts offset higher losses on failed loans and drove their profits higher.

: iStockAnalyst.com Symbols Feed

FDIC Fund In The Negative

Hot Stocks Of The Day: CEPH, CI, CIEN, LDK, ZION

U.S. Bank Failures Hit 124

Bank Failures Rise To 123

Bank Failures Pass 100 For The Year

94 Bank Failures So Far In `09

JPMorgan Chase (NYSE: JPM) Likely To Raise Dividend In 2010

5 More Banks Fail - 89 In '09 To Date

Bank Failures Continue

Housing Bouncing Along Bottom

Bank earnings depict industry of haves, have nots

Earnings Down Again at Zions: Bank Holding Company's 4th Straight Loss.

Not Quite Bottom, but Recovery Expected Over Next Year: Job Growth in Utah Should Start Again By the End of 2010, Bank Economist Says.

Investors Find It Pays to Stay Home: Utah Firms Showing Solid Results in First Nine Months.

Zions Taking a Breather on Buying Banks: The Company Says It Needs Time to Digest Four Acquisitions Before Making More.

Analysts Say Zions Bancorp May Need $800M in New Capital: The Estimate is Based on a Worst Case Scenario of Economy Continuing to Tank.

Zions Falls After Saying Income May Not Cover Dividends, Interest

Lender Loses Cash in Quarter: Community Bank of Nevada Revises Data for Past Periods

Future of Vineyard Bank Office in San Rafael Uncertain Following Ownership Change

Caterpillar, Merck, Lexmark are big movers

Zions Bancorporation Commences Exchange Offer for Series A Preferred Stock

Enterprise Workforce Optimization Solution Provider GMT Chosen by The National Bank of Kuwait for Branch Workforce Optimization

Zions Bancorporation to Present at the Bank of America Merrill Lynch 2009 Banking and Financial Services Conference

California Bank & Trust Completes Conversion of Vineyard Bank Branches

Zions Bancorporation Reports 2009 Third Quarter Results Showing Stability of Underlying Earnings Power

Zions Bank Maintains Role As Utah's Top Lender to Small Businesses for 16 Consecutive Years

Zions Bank Maintains Role As Idaho's Top Lender to Small Businesses for Eighth Year

Cambridge Associates Adds Staff, Expertise in Asia

National Bank of Arizona's Investment Affiliate Announces Name Change to NB|AZ Wealth Management

Zions Bancorporation to Report Third Quarter 2009 Earnings Results

Form 4 ZIONS BANCORPORATION For: Dec 02 Filed by: ARNOLD DOYLE L (10K)

Form 4 ZIONS BANCORPORATION For: Dec 01 Filed by: SIMMONS L E (10K)

Form 4 ZIONS BANCORPORATION For: Nov 30 Filed by: SIMMONS L E (10K)

Form 4 ZIONS BANCORPORATION For: Nov 24 Filed by: ARNOLD DOYLE L (10K)

Form 4 ZIONS BANCORPORATION For: Nov 24 Filed by: SIMMONS HARRIS H (10K)

Form 4 ZIONS BANCORPORATION For: Nov 13 Filed by: BLACKFORD DAVID E (10K)

Form 4 ZIONS BANCORPORATION For: Nov 02 Filed by: HINCKLEY CLARK B (10K)

Form 4 ZIONS BANCORPORATION For: Oct 20 Filed by: HEMINGWAY W DAVID (10K)

Form 4 ZIONS BANCORPORATION For: Oct 01 Filed by: QUINN STEPHEN D (10K)

Form 4 ZIONS BANCORPORATION For: Oct 01 Filed by: WHEELWRIGHT STEVEN (10K)