Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that it would need an additional 19 billion euros ($23.88 billion), far beyond what the government estimated when it seized the bank and its portfolio of delinquent real estate loans earlier this month. When Spain seized Bankia May 9,…
Tag Archive for Banking Industry
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Goldman’s Blankfein gets a break – BusinessWeek
by Newswires •
Goldman's Blankfein gets a breakBusinessWeekEarlier this month, JPMorgan announced a surprise $2 billion trading loss, which has bolstered the banking industry's critics but also taken pressure off Goldman. Last week, police with guns stood gua…
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Goldman’s Blankfein Gets a Break – ABC News
by Newswires •
Goldman's Blankfein Gets a BreakABC NewsEarlier this month, JPMorgan announced a surprise $2 billion trading loss, which has bolstered the banking industry's critics but also taken pressure off Goldman. Last week, police with guns stood guard o…
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US Banking Industry Set for Tougher Regulations After JPMorgan Loss – MarketWatch (press release)
by Newswires •
US Banking Industry Set for Tougher Regulations After JPMorgan LossMarketWatch (press release)The SPDR KBW Bank ETF (KBE) has fallen nearly 7 percent in the last month on growing concerns of Greece leaving the European Union, and the likelihood of toug…
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JPMorgan Chase loss only going to get worse – CNN
by Newswires •
The Star-Ledger – NJ.com (blog)JPMorgan Chase loss only going to get worseCNNBy Maureen Farrell @CNNMoneyInvest May 20, 2012: 8:50 PM ET An overall drop in the market is exacerbating JPMorgan's losses tied to its bets on corporate bonds. NEW YORK (…
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BofA to Cut From Elite Ranks – Wall Street Journal
by Newswires •
Wall Street JournalBofA to Cut From Elite RanksWall Street JournalBy DAN FITZPATRICK And DANA CIMILLUCA Amid the banking industry's relentless belt-tightening, even Bank of America Corp.'s moneymakers aren't safe. The Charlotte, NC, company…
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The Eurocalypse Rant: The Consequences of Foolish Monetary Policy
by Bears Chat at The Wall Street Examiner •
The Eurocalypse Rant: The Consequences of Foolish Monetary Policy
. . .
So its only too natural that the answer to Is The Entire Global Banking Industry Carrying Naked, Unhedged “Risk Free” Sovereign Debt Yielding XXX%?
My quick answer is NAT…
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Let’s be honest: We’re in a Depression, not a Recession
by Bears Chat at The Wall Street Examiner •
If the notion that we are merely living through the aftereffects of a mere “recession” that ended in 2009 sounds somewhat ridiculous, that’s because it is. If we were being honest with ourselves, we would call this a depression. That would cer…
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Meredith Whitney sees 5,000 bank branches closing
by a Wall Street Examiner •
Whitney sees 5,000 bank branches closing
Technological and regulatory shifts have made it harder to make a living as a small banker, fueling a feeding frenzy by bigger players at the expense of the smallest banks. The U.S. bank count slipped below 8,0…
