Articles About Banks

Author:
Renata Pasmanik
Posted:
12.10.2012

US Banks Resurgent

Banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported income of $37.6 billion in the third quarter, a 6.6 percent improvement over third quarter, 2011. This is the 13th consecutive quarter that earnings have registered a year-over-year increase. The other big news —  the decline in the number of banks on […]

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Author:
James I. Clark III
Posted:
03.23.2011

TARP: Money Well Spent

A top Treasury official defended the federal government’s $700 billion bank bailout financial crisis-response program at a hearing where the effort was criticized by members of a watchdog panel insisting that it did more for Wall Street than Main Street. “The cost of TARP is likely to be no greater than the amount spent on […]

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Author:
James I. Clark III
Posted:
11.12.2010

Government Investigating Possible Law Violations in Foreclosure Crisis

The Department of Justice has opened an investigation to determine whether banks and other financial institutions broke federal law by using deceptive court documents to foreclose on homes.  Although the investigation is just underway, it will probe whether companies deceived federal housing agencies like Fannie Mae and Freddie Mac, which currently insure a large percentage […]

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Author:
James I. Clark III
Posted:
07.15.2010

Banks Are Hiring as CMBS Restarts

Banks are starting to hire again as they return to structuring CMBS, a sign that the financial markets are gradually returning to normal.  “I see lots of friends who used to be employed, and weren’t for a while, and are now being rehired by institutions,” said Jonathan Strain, debt capital markets director at JPMorgan Chase’s […]

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Author:
James I. Clark III
Posted:
03.03.2010

TARP Banks Lending on the Rise

Eleven American banks that received money from the Troubled Asset Relief Program (TARP) originated 13 percent more loans in December than they had the previous month. The Department of the Treasury released this information in its monthly survey of loans made by recipients of the $700 billion government bailout money. According to the Treasury Department, […]

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Author:
James I. Clark III
Posted:
11.10.2009

Fed Proposing to Take a Hard Line on Bank Executive Pay

The Federal Reserve is considering regulating banks’ pay policies to make certain they discourage employees from making the irresponsible gambles that led to 2008’s financial meltdown.  The Fed’s proposal would apply to thousands of banks, including some that did not receive bailouts. Under the Fed’s proposal, the central bank would review – and could say […]

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Author:
James I. Clark III
Posted:
09.23.2009

Investors Still Wary of Distressed Assets

Commercial real estate investors are taking a wait-and-see attitude before jumping in and buying distressed assets, according to an Ernst & Young study.  “We haven’t seen many portfolio transactions so far,” says the study’s author, Chris Seyfarth, who is national director of E&Y’s non-performing loans.  “Given the size and the magnitude of the problem with […]

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Author:
James I. Clark III
Posted:
09.21.2009

One Year After Financial Meltdown, Obama Counsels Caution

On the first anniversary of the collapse of Lehman Brothers and the onset of the global financial crisis,  President Barack Obama used a Wall Street speech to call for stringent new regulation of United States markets.  After Lehman’s collapse, the American government infused billions of dollars into the financial system and took major stakes in […]

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Author:
Jafer Hasnain
Posted:
09.17.2009

Don’t Want to Buy Distressed Assets? Then Try Insuring Them

Warren Buffett’s Berkshire Hathaway has started selling insurance coverage on foreclosed homes occupied by distressed borrowers with the goal of making money from banks hurt by the mortgage market collapse.  These policies are riskier than usual home coverage because the properties may be neglected or vandalized. “It’s part of the standard practice of Berkshire, which […]

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Author:
Jafer Hasnain
Posted:

Don’t Want to Buy Distressed Assets? Then Try Insuring Them

Warren Buffett’s Berkshire Hathaway has started selling insurance coverage on foreclosed homes occupied by distressed borrowers with the goal of making money from banks hurt by the mortgage market collapse.  These policies are riskier than usual home coverage because the properties may be neglected or vandalized. “It’s part of the standard practice of Berkshire, which […]

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