by Associated Press Published: January 11,2012
Tags: banks, earnings, finance, third quarter
You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on that over the next two weeks, when banks report their results from the last three months of the year. Americans [...] [...]
U.S. stocks are edging lower in late morning trading with bank stocks leading the way down. Citigroup Inc. and Morgan Stanley are down nearly 6 percent. JPMorgan Chase & Co. lost more than 4 percent, the biggest drop among the 30 stocks in the Dow Jones Industrial average. Stocks opened higher Monday but quickly turned after an [...] [...]
by Associated Press Published: September 13,2011
Tags: banks, break up, failing, sell assets
The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing. The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the rules, which were mandated under the financial overhaul passed by Congress last year. They are designed to reduce [...] [...]
by Monica Mendoza Published: September 13,2011
Tags: American National Bank, bank robberies, banks, Colorado Springs Police Department, Ent Federal Credit Union, TCF Bank
A 21-year-old man suspected of five Colorado Springs bank robberies was caught Sept. 9 in Reno, Nev. Colorado Springs Police Department’s Robbery Unit received information that bank robbery fugitive, Wesley Harrison Dunmire, was picked up by Reno Police after a brief chase. Dunmire was identified by Colorado Springs police as the ring leader of a group suspected [...] [...]
by Amanda Miller Published: July 27,2011
Tags: banks, filing, Foreclosures, statistics
Borrowers who thought they could walk away from a foreclosure, dust off their jackets and pick up where they left off have been surprised to find their debt continues to haunt them. That’s because banks are pursuing the balance owed on a property after foreclosure sale. Before the real estate crisis, banks rarely claimed deficiencies. But that’s [...] [...]
Bank earnings are taking the focus on Wall Street. So far, the results have been mixed. Goldman Sachs Group Inc. reported Wednesday its profit dropped 53 percent in the fourth quarter due to sharp declines in its investment banking businesses. Revenue declined 10 percent. It shares dropped 3.2 percent in pre-market dealings. Bank of New York Mellon [...] [...]
Citigroup says it has turned a profit for the third straight quarter as losses from failed loans declined. Net income available to common shareholders totaled $2.15 billion, or 7 cents per share. That compares to a loss of $3.24 billion, or 27 cents per share, during the same quarter last year. Analysts had predicted Citigroup would earn [...] [...]
by Rebecca Tonn Published: October 8,2010
Tags: aquisitions, banks
Mergers and acquisitions in the banking world are expected to rise in the next year after a period of relative quiet brought on by the recession. And in some people’s minds, there may never be a better time to buy a bank. In a typical year, there are about five to seven bank mergers in Colorado. This [...] [...]
by Rebecca Tonn Published: September 17,2010
Tags: Bank Examiners, banks, recession
A rising tide of struggling banks in Colorado has short-handed state regulators straining to stay ahead. The budget at the state’s Division of Banking is down just a smidgen from last year, but the number of bank exams the division must do this year has jumped sharply — 45 percent. Unhealthy banks are a risk not only [...] [...]
by admin Published: September 1,2010
Tags: banks, Foreclosures, mortgages
Major banks are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. The Obama administration says local officials could benefit from acquiring these properties and using the land for redevelopment projects. Congress has provided $7 billion in money to buy the homes. These groups have [...] [...]
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