Oct 30th, 2008 |
By William Patalon III |
Category: Politics & Economics
The Treasury’s plan to inject $250 billion in capital directly into US banks is underway. But William Patalon III says some of these taxpayer funds will be used by big banks to acquire junior competitors. This means the increase in lending that the plan is supposed to spark will be modest at best. And less competition in the banking sector could mean a rise in fees going forward.
Tags: AIB, Bank acquisitions, BBT, credit crisis, Federal Reserve, FITB, government bailout, GS, Hank Paulson, HBAN, JPM, MS, MT, NCC, PNC, SOV, STD, STI, US Banking, us treasury, USB, WAMUQ, William Patalon III, ZION
Posted in Politics & Economics |
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Oct 10th, 2008 |
By William Patalon III |
Category: Financial News, International Investing
OPEC to Meet in November; Iceland Melts Down; Unemployment Improves; Micron Makes Cuts; National City Next to Fall?; No Christmas Cheer for Retailers
Tags: ANF, BNS, global credit crisis, MU, NCC, Opec, PNC, TJX, US Jobless Rate, US stocks, William Patalon III
Posted in Financial News, International Investing |
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Oct 1st, 2008 |
By Jennifer Yousfi |
Category: Financial News, Politics & Economics
U.S. stocks soared yesterday (Tuesday) - with the Dow Jones Industrial Average gaining 485 points in posting its third-biggest point gain ever - as investors surged back into stocks just one day after the surprise rejection of a $700 billion bailout plan touched off a record sell-off.
Tags: Citigroup Inc, DXBGF, Fdic, global credit crisis, Global Stocks, government bailout, Jennifer Yousfi, PNC, US Banking, WB, William Patalon III
Posted in Financial News, Politics & Economics |
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Jul 18th, 2008 |
By Jennifer Yousfi |
Category: Financial News, Real Estate Investments
Housing starts made a sizeable 11.6% jump in June, the Commerce Department announced yesterday (Thursday). However the surprising surge was explained by a change in New York City code law, rather than a true turnaround in the troubled housing market.
Tags: Federal Reserve, FNM, FRE, Hank Paulson, Jennifer Yousfi, MCO, PNC, subprime crisis
Posted in Financial News, Real Estate Investments |
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