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How many of you are tired about hearing the same crap over and over again? It must be a slow news day, sometimes I wonder if the mainstream media picks a headline out of a hat randomly and blast the airwaves with it. The market nose dived today, so what did they tell us??? “Greece debt worries drive the market lower!” We’ve known Greece has been in trouble for years now, why didn’t they mention it on Monday, why didn’t it drive the market down yesterday or the day before…. Headlines drive the emotions of investors, thus resulting in emotional trading. Emotional trading is what drives the market, for now the old fashion market based on technical’s doesn’t exist.
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PrintThe FDIC seized 4 more banks, raising the totaled number of failed U.S banks in 2011 to 11. FDIC Chairman Sheila Bair has said in the current banking crisis that failures would peak in 2010.
According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.
Brief Rundown;
Bank Assets Deposits
First Community Bank (New Mexico) $2.31 billion $1.94 billion
FirsTier Bank (Colorado) $781.5 million $722.8 million
Evergreen State Bank (Wisconsin) $246.5 million $195.2 million
First State Bank (Oklahoma) $43.5 million $40.3 million
PrintCitigroup reported 4th quarter profits, with an income of $1.3 billion. However, their earnings were below analyst expectations, sending the stock down 6.34% to $4.80 a share. Compared to last years 4th quarter loss of $7.6 billion, Citi has made an amazing turnaround, with revenue for this quarter at $18.4 billion vs $5.4 billion a year ago. For the year, out of $86.6 billion in revenue Citi earned $10.6 billion. This is Citi’s first year of full profits since the financial crisis of 2007. Expectations are high for Citi to continue strong growth.
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PrintCheck out this info chart from Visual Economics for suggested routes for investing.
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PrintThe FDIC seized 3 more banks, raising the totaled number of failed U.S banks in 2010 to 81. FDIC Chairman Sheila Bair has said in the current banking crisis, failures will peak in 2010.
According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.
Brief Rundown;
Bank Assets Deposits
BTierOne Bank (Nebraska) $2.8 billion $2.2 billion
Arcola Homestead Savings Bank (Illinois) $17.0 million $18.1 million
First National Bank (Mississippi) $60.4 million $63.5 million
PrintThe FDIC seized 1 more bank, raising the totaled number of failed U.S banks in 2010 to 73. FDIC Chairman Sheila Bair has said in the current banking crisis, failures will peak in 2010.
According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.
Brief Rundown;
Bank Assets Deposits
Pinehurst Bank (Minnesota) $61.2 million $58.3 million
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PrintThe FDIC seized 4 more banks, raising the totaled number of failed U.S banks in 2010 to 68. FDIC Chairman Sheila Bair has said in the current banking crisis, failures will peak in 2010.
According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.
Brief Rundown;
Bank Assets Deposits
Towne Bank of Arizona (Arizona) $120.2 million $113.2 million
1st Pacific Bank of California (California) $335.8 million $291.2 million
The Bank of Bonifay (Florida) $242.9 million $230.2 million
Access Bank (Minnesota) $32.0 million $32.0 million
PrintThe FDIC seized 7 more banks, raising the totaled number of failed U.S banks in 2010 to 64. FDIC Chairman Sheila Bair has said in the current banking crisis, failures will peak in 2010.
According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.
Brief Rundown;
Bank Assets Deposits
Frontier Bank (Washington) $3.50 billion $3.13 billion
BC National Banks (Missouri) $67.2 million $54.9 million
Champion Bank (Missouri) $187.3 million $153.8 million
CF Bancorp (Michigan) $1.65 billion $1.43 billion
Eurobank (Puerto Rico) $2.56 billion $1.97 billion
R-G Premier Bank of Puerto Rico (Puerto Rico) $5.92 billion $4.25 billion
Westernbank Puerto Rico (Puerto Rico) $11.94 billion $8.62 billion
PrintThe FDIC seized 7 more banks, raising the totaled number of failed U.S banks in 2010 to 57. FDIC Chairman Sheila Bair has said in the current banking crisis, failures will peak in 2010.
According to the FDIC bank failures from 2009 to 2013 is expected to cost $100 billion. Small(regional) banks are failing due to the loan losses from the credit boom. Many losses are result of the collapsed commercial real estate projects.
Brief Rundown;
Bank Assets Deposits
Lincoln Park Savings Bank (Illinois) $199.9 million $171.5 million
Peotone Bank and Trust Company (Illinois) $130.2 million $127.0 million
Wheatland Bank (Illinois) $437.2 million $438.5 million
Amcore Bank, National Association (Illinois) $3.8 billion $3.4 billion
Broadway Bank (Illinois) $1.2 billion $1.1 billion
Citizens Bank&Trust Company Of Chicago (Illinois) $77.3 million $74.5 million
New Century Ban (Illinois) $485.6 million $492.0 million