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Financials Face Headwinds, GS Downgrades Banks
17 hours ago ago from Stockstrategist's Blog
Today, analysts at Goldman Sachs issued bearish comments on the banking sector, cutting earnings estimates for three of the largest U.S. banks. The analysts commented this morning on recent secondary issues from Bank of America ($BAC), and Wells Fargo ($WFC), Citigroup ($C). They cited recent equity raises were three of the five largest secondaries ever in the history of U.S. business. The total raised to date is $325 billion for the banks ...
Related contentHORSE’S MOUTH: A Geisha With Olive-Green Eyes
14 hours ago ago from Rafu Shimpo
Normal 0 0 1 1968 11219 93 22 13777 11.1282 0 0 0 By GEORGE YOSHINAGA === It’s probably safe to assume that banks have more guidelines and rules than most other businesses. However, the relationship between banks and its patrons is a lot different than, say, between a customer at Ralph’s Supermarket than at banks. Most people use different guidelines in selecting where they are going to bank vs. where they ...
Related contentBig Opportunity in Four Big Banks
14 hours ago ago from Money Adviser
UGoldMine.CoM: THE POOR RECEPTION FOR CITIGROUP'S BIG EQUITY offering last week and the sharp drop in the company's share price capped what has been a rocky period for major banking stocks. But the outlook is brightening. Now that the investment community has digested $50 billion of equity offerings from Citi (C), Bank of America (BAC) and Wells Fargo (WFC) to repay the government's Troubled Asset Relief Program investment, shares ...
Related contentThe 10 Most Influential and Powerful People on Wall Street - TradingApples.com
16 hours ago ago from TradingApples.com
Register Community Pro Course Free Courses Trading Resources Welcome to TradingApples... A site created by two full time traders dedicated to helping you learn to trade any market through courses, discussion forums, live trading videos, blogs and more. At TradingApples, the sky is the limit! TradingApples.com Trading Forums: Trader Discussions The 10 Most Influential and Powerful People on ...
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Obama urges community banks to lend more
11 hours ago ago from CNN Money
Obama urges community banks to lend more By Catherine Clifford , staff reporter December 22, 2009: 7:59 PM ET NEW YORK (CNNMoney.com) -- President Obama brought a dozen community bankers to the White House Tuesday to press them to boost their lending to small businesses. The roundtable discussion with regional bank leaders was aimed at figuring out how we move forward over the next year so that businesses are getting the capital that ...
Related contentLynn Tilton: 'Tis the Season
15 hours ago ago from Huffington Post
It can be felt in the air and seen in the faces of those on the street. It is the Holiday Season, a time of charitable thoughts, unexpected giving and wishes come true. From Stockholm to Washington, even critical minds and sharp tongues have taken to more generous bent. The Nobel Prize committee ignited the holiday gifting by presenting President Obama with an ornament of beautiful gold and some greens adorning. Senior management of Goldman ...
Related contentSmall banks, big problems
16 hours ago ago from CNN Money
Small banks, big problems By Colin Barr, senior writer December 22, 2009: 3:13 PM ET NEW YORK (Fortune) -- The New Year is shaping up to be a rough one for community lenders. Dozens if not hundreds of small banks figure to disappear in the New Year, as a weak economy and regulatory pressure lead to more failures and mergers. Despite this reality, President Obama met Tuesday with eight community bank ...
Related contentCommunity Bankers' Fight Heats Up on Capitol Hill
23 hours ago ago from Wall Street Journal
WASHINGTON -- The fight over new financial rules is intensifying within the banking industry as community bankers get their first exclusive meeting Tuesday with President Barack Obama. Two bankers groups, the American Bankers Association and the Independent Community Bankers of America, are challenging each other, and their competing messages on Capitol Hill have made it easier for Democrats to ignore some of their arguments, lobbyists and ...
Related contentGeithner: There will be no 'second wave' crisis
12 hours ago ago from U.S. News
Geithner: There will be no 'second wave' crisis WASHINGTON (AP) -- Treasury Secretary Timothy Geithner said Tuesday the Obama administration is confident it will prevent a repeat of last year's financial crisis, the worst to hit the country in seven decades. "We are not going to have a second wave of financial crisis," Geithner said in an interview with National Public Radio. "We cannot afford to let the country live again with a risk that ...
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