Posts tagged as:

banks

A New Trick For Stemming Inflation? The Fed Now Pays Banks Interest For Masses of Excess Reserves

August 7, 2009 · 1 comment

in Federal Reserve, banks, capitalism, inflation, interest rates

Here’s a graph showing the amount of “excess” (beyond required amounts) reserves held by U.S. banks.  It covers quite a span of time, but it’s the best-looking one I found showing the relevant data.  The graph also gives just a bit of sense of the extent of the unprecedented nature of money-pumping going on at [...]

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Yet Another Reason For Thinking About a Turnaround

February 9, 2009 · 0 comments

in banks, earnings, market timing

Upcoming first quarter Canadian bank earnings, on a whole, are expected to be better than expected (so does that mean they’re just “what was expected”?:)).  This follows on my earlier note about Barclay’s bank having better than expected earnings, and also the midday rally today in financials across the board.
Some, however, think these first quarter [...]

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Could This Be The Beginning of The Turnaround?

February 9, 2009 · 1 comment

in banks, market timing

This mess started in the financial sphere and it’s going to have to get cleaned up there first, before strength can spread to the rest of the economy.
Today British bank Barclays PLC reported “better than expected” earnings for the last quarter.  They still lost profits, but not as much as was expected.  Their profits were [...]

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Scotiabank Among World’s Most Stable Banks

February 5, 2009 · 9 comments

in Canadian, banks

According to a report studied by Eoin Callan of Canada’s Financial Post, the Bank of Nova Scotia (TSE: BNS) has “emerged during the credit crisis as one of the top 10 most stable banks in the world, according to a global ranking of the financial sector.”  Moreover, in even more shocking news (if you recall [...]

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More Bank Failures Coming Up Ahead

February 3, 2009 · 0 comments

in Obama, banks, bonds

According to news reported by Amanda Lang on BNN’s SqueezePlay yesterday, Barack Obama says there are more bank failures to come. (He’s speaking of US bank failures, of course…)
Kevin O’Leary also said that the US bank deleveraging is going to continue for the next 2-5 years.  This means it’s going to take quite some time [...]

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Royal Bank Falls on New Exposure Fears

January 23, 2009 · 1 comment

in Canadian, banks

Yep – time to worry about the Canadian banks, and they all dropped today at the end of the week.  Royal Bank got hit particularly hard and it is actually trading for as low as $28.00 Canadian, if you can believe it.  Even TD is still down to fresh lows, closing at $39.00.
If I had [...]

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Secret Fed and Treasury Knowledge of Market Meltdown

November 25, 2008 · 1 comment

in banks, capitalism, international economy, news and updates, spending

What if “They” (the Fed, central banks, hedge fund managers, I-bankers, etc.) knew all along how bad it was going to be and the last 6-8 months have been a careful, steady public letdown, slowly leaking the info out to the market so as to hopefully attenuate the crash rather than to let it all [...]

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