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	<title>Stock Blog Hub &#187; Money Center Banks</title>
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		<title>(TD) The Toronto-Dominion Bank to Settle Overdraft Charges</title>
		<link>http://www.stockbloghub.com/2012/05/16/td-the-toronto-dominion-bank-to-settle-overdraft-charges/100264</link>
		<comments>http://www.stockbloghub.com/2012/05/16/td-the-toronto-dominion-bank-to-settle-overdraft-charges/100264#comments</comments>
		<pubDate>Wed, 16 May 2012 17:53:30 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[CBSH]]></category>
		<category><![CDATA[Commerce Bancshares Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=100264</guid>
		<description><![CDATA[The Toronto-Dominion Bank (TD) is the latest to join the ever-growing list of banks facing litigation over misconduct and malpractices concerning overdraft fees. The bank has agreed to pay $62 million in settlement of a lawsuit filed against it by its customers accusing it of unreasonable assessment and collection of overdraft fees. However, the settlement requires approval from the U.S. District Judge in Miami. Background The customers accused TD Bank of regularly dealing with transactions pertaining to debit cards in the order of magnitude of the transaction rather than the chronological order. The intentional malpractices resulted in faster negative balances in customers’ accounts, leading to a larger number of overdrawn transactions, each of which then became chargeable. Consequently, overdraft fees piled up in excess. Moreover, TD Bank violated the U.S. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/05/16/td-the-toronto-dominion-bank-to-settle-overdraft-charges/100264/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Big Day for Data and Earnings</title>
		<link>http://www.stockbloghub.com/2012/04/20/bac-big-day-for-data-and-earnings/99159</link>
		<comments>http://www.stockbloghub.com/2012/04/20/bac-big-day-for-data-and-earnings/99159#comments</comments>
		<pubDate>Fri, 20 Apr 2012 17:25:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[DD]]></category>
		<category><![CDATA[EI DuPont de Nemours & Company]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[Verizon Communications Inc.]]></category>
		<category><![CDATA[VZ]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=99159</guid>
		<description><![CDATA[A slew of economic and earnings news provides the backdrop to today’s trading action. We have reassuring news out of Spain this morning, with a decently successful auction for long-term government bonds. The earnings story is also unfolding favorably, with this morning’s basket of reports from Bank of America (BAC), DuPont (DD) and Morgan Stanley (MS) providing a positive backdrop. But the all-important domestic labor market picture emerging out of this morning’s Jobless Claims reading is less than inspiring. And that’s not all in terms of economic reports for today: we also have readings on Existing Home Sales, Leading Indicators and a regional manufacturing survey from the Philly Fed on deck for release a little later. Importantly, Spain held a reasonably good auction for longer-duration government bonds today, which should ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/20/bac-big-day-for-data-and-earnings/99159/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Chase &amp; Company Returns to Form</title>
		<link>http://www.stockbloghub.com/2012/04/20/jpm-jpmorgan-chase-company-returns-to-form/98546</link>
		<comments>http://www.stockbloghub.com/2012/04/20/jpm-jpmorgan-chase-company-returns-to-form/98546#comments</comments>
		<pubDate>Fri, 20 Apr 2012 17:24:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DaVita Inc.]]></category>
		<category><![CDATA[DVA]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98546</guid>
		<description><![CDATA[After profit declines for two straight quarters, JPMorgan Chase &#38; Company (JPM) reported first quarter earnings per share of $1.31, topping the Zacks Consensus Estimate of $1.17. This also compares favorably with $1.28 earned in the prior-year quarter. That’s more like the JPMorgan we have always known. JPMorgan’s better-than-expected earnings signals good going by the sector as it has exposure in almost all banking businesses. Marked recovery of the bond and equity market and consequent revenue growth, which helped JPMorgan to bounce back, should lift the results of other mega-banks during the quarter. JPMorgan’s earnings per share for the reported quarter included certain significant nonrecurring items, such as after-tax benefit from reduced loan loss reserves of 28 cents per share, after-tax benefit from the Washington Mutual bankruptcy settlement of 17 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/20/jpm-jpmorgan-chase-company-returns-to-form/98546/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Chase Earnings Preview</title>
		<link>http://www.stockbloghub.com/2012/04/20/jpm-jpmorgan-chase-earnings-preview-2/98488</link>
		<comments>http://www.stockbloghub.com/2012/04/20/jpm-jpmorgan-chase-earnings-preview-2/98488#comments</comments>
		<pubDate>Fri, 20 Apr 2012 17:15:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DaVita Inc.]]></category>
		<category><![CDATA[DVA]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[NIM]]></category>
		<category><![CDATA[Nuveen Select Maturities Municipal Fund]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98488</guid>
		<description><![CDATA[JPMorgan Chase &#38; Co. (JPM) is scheduled to report its first quarter 2012 results before the market opens on Friday, April 13. The Zacks Consensus Estimate for the quarter is $1.17 per share, representing a year-over-year slump of about 9%. After profit declines for two straight quarters, we expect JPMorgan to report impressive numbers this quarter as it is wont to do. Marked recovery of the bond and equity market and consequent revenue growth forms the basis of our assumption. Though there are fundamental pressures like low interest rates and sluggish loan demand growth on the sector, improving macroeconomic elements, such as rising consumer spending and lower unemployment, are expected to bring revenue stability for JPMorgan and the other major U.S. banks. However, JPMorgan has been fighting with poor capital market ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/20/jpm-jpmorgan-chase-earnings-preview-2/98488/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo Beats the Street as Revenues Increase</title>
		<link>http://www.stockbloghub.com/2012/04/19/wfc-wells-fargo-beats-the-street-as-revenues-increase/98548</link>
		<comments>http://www.stockbloghub.com/2012/04/19/wfc-wells-fargo-beats-the-street-as-revenues-increase/98548#comments</comments>
		<pubDate>Thu, 19 Apr 2012 18:29:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[IRE]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[The Governor and Company of The Bank of Ireland]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98548</guid>
		<description><![CDATA[Wells Fargo &#38; Company’s (WFC) first quarter 2012 earnings of 75 cents per share were 2 cents ahead of the Zacks Consensus Estimate. Results improved from earnings per share of 73 cents in the prior quarter and 67 cents in the year-ago quarter. First quarter net income applicable to common stock came in at $4.0 billion, up 3% sequentially and 13% year over year. Wells Fargo’s results were primarily driven by a higher top line. The company reported a growth in mortgage banking revenue. It also reported $400 million (pre tax), attributable to improved portfolio performance. However, an increase in operating expenses was on the downside. The quarter’s revenue came in at $21.6 billion, which was above the Zacks Consensus Estimate of $20.5 billion. Revenue was also up 5% sequentially ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/19/wfc-wells-fargo-beats-the-street-as-revenues-increase/98548/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Apr 19: Economic,Earnings News To Drive Indices &#8211; Economic Highlights</title>
		<link>http://www.stockbloghub.com/2012/04/19/bac-apr-19-economicearnings-news-to-drive-indices-economic-highlights/99162</link>
		<comments>http://www.stockbloghub.com/2012/04/19/bac-apr-19-economicearnings-news-to-drive-indices-economic-highlights/99162#comments</comments>
		<pubDate>Thu, 19 Apr 2012 18:27:08 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[DD]]></category>
		<category><![CDATA[EI DuPont de Nemours & Company]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[Verizon Communications Inc.]]></category>
		<category><![CDATA[VZ]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=99162</guid>
		<description><![CDATA[A slew of economic and earnings news provides the backdrop to today’s trading action. We have reassuring news out of Spain this morning, with a decently successful auction for long-term government bonds. The earnings story is also unfolding favorably, with this morning’s basket of reports from Bank of America (BAC), DuPont (DD) and Morgan Stanley (MS) providing a positive backdrop. But the all-important domestic labor market picture emerging out of this morning’s Jobless Claims reading is less than inspiring. And that’s not all in terms of economic reports for today: we also have readings on Existing Home Sales, Leading Indicators and a regional manufacturing survey from the Philly Fed on deck for release a little later. Importantly, Spain held a reasonably good auction for longer-duration government bonds today, which should ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/19/bac-apr-19-economicearnings-news-to-drive-indices-economic-highlights/99162/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Looks to Sell Assets Again</title>
		<link>http://www.stockbloghub.com/2012/04/18/bac-bank-of-america-looks-to-sell-assets-again/98970</link>
		<comments>http://www.stockbloghub.com/2012/04/18/bac-bank-of-america-looks-to-sell-assets-again/98970#comments</comments>
		<pubDate>Thu, 19 Apr 2012 02:12:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Community Properties Trust]]></category>
		<category><![CDATA[APO]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98970</guid>
		<description><![CDATA[On Tuesday, Reuters reported that Bank of America Corporation (BAC) is again preparing to divest its international units in a bid to further streamline its operations and focus on its core businesses. This time, BofA intends to sell its international wealth management units in anticipation of receiving about $3 billion. The units on sale, which were mostly obtained by BofA from its Merrill Lynch acquisition in 2009, comprise nearly $90 billion worth of assets under management. However, this division of BofA has been procuring mediocre results due to inadequate business scale. The Prospective Buyers The potential bidders have been asked to present their tenders this week for the first round of bidding. However, the sale offer may not seem attractive to many buyers as the wealth management businesses normally do ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(C) The Thick of Q1 Earnings Season &#8211; Earnings Preview</title>
		<link>http://www.stockbloghub.com/2012/04/16/c-the-thick-of-q1-earnings-season-earnings-preview/98620</link>
		<comments>http://www.stockbloghub.com/2012/04/16/c-the-thick-of-q1-earnings-season-earnings-preview/98620#comments</comments>
		<pubDate>Mon, 16 Apr 2012 18:14:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[Abbott Laboratories]]></category>
		<category><![CDATA[ABT]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DD]]></category>
		<category><![CDATA[EBAY]]></category>
		<category><![CDATA[eBay Inc.]]></category>
		<category><![CDATA[EI DuPont de Nemours & Company]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HAL]]></category>
		<category><![CDATA[Halliburton Company]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[INTC]]></category>
		<category><![CDATA[Intel Corporation]]></category>
		<category><![CDATA[International Business Machines Corporation]]></category>
		<category><![CDATA[JNJ]]></category>
		<category><![CDATA[Johnson & Johnson]]></category>
		<category><![CDATA[KO]]></category>
		<category><![CDATA[MCD]]></category>
		<category><![CDATA[McDonald's Corporation]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[MSFT]]></category>
		<category><![CDATA[Schlumberger Limited]]></category>
		<category><![CDATA[SLB]]></category>
		<category><![CDATA[The Coca-Cola Company]]></category>
		<category><![CDATA[Verizon Communications Inc.]]></category>
		<category><![CDATA[VZ]]></category>
		<category><![CDATA[Yahoo! Inc.]]></category>
		<category><![CDATA[YHOO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98620</guid>
		<description><![CDATA[We are jumping right into the thick of the first quarter reporting cycle this week, with more than 250 companies coming out with results, including 89 companies from the S&#38;P 500. We will have representation from the who’s who of the corporate world, with a number of bellwether players on tap to come out with results. By the end of the week, we will have a good enough number to judge this earnings season. While earnings will remain the primary focus during the week, we have a number of market-moving economic releases on deck as well. We will get a sense of the consumer economy though the monthly Retail Sales numbers, while the Industrial Production report will give us a good read on the manufacturing sector. Regional manufacturing surveys from ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/16/c-the-thick-of-q1-earnings-season-earnings-preview/98620/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America: The New Landlord</title>
		<link>http://www.stockbloghub.com/2012/04/11/bac-bank-of-america-the-new-landlord/96714</link>
		<comments>http://www.stockbloghub.com/2012/04/11/bac-bank-of-america-the-new-landlord/96714#comments</comments>
		<pubDate>Wed, 11 Apr 2012 18:56:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=96714</guid>
		<description><![CDATA[Last week, Bank of America Corporation (BAC) announced its ‘Mortgage to Lease’ initiative, allowing the distressed customers (related to foreclosures) to remain in their houses as the ownership of their property would be taken over by the company. At present, the company has launched a pilot project in the states of Nevada, Arizona and New York and only about 1,000 homeowners will become a part of this program. BofA further stated that the customers will be chosen by the company itself. They will not be allowed to apply or volunteer for the program. Once the program is successful, it will be rolled out nationally. Eligibility Criteria BofA has stated that the customers who would be chosen in the pilot project will have to fulfill all the criteria that the company ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/11/bac-bank-of-america-the-new-landlord/96714/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PNC) PNC Financial Services Group Hikes Dividend &#8211; Announces Share Buyback</title>
		<link>http://www.stockbloghub.com/2012/04/10/pnc-pnc-financial-services-group-hikes-dividend-announces-share-buyback/98107</link>
		<comments>http://www.stockbloghub.com/2012/04/10/pnc-pnc-financial-services-group-hikes-dividend-announces-share-buyback/98107#comments</comments>
		<pubDate>Tue, 10 Apr 2012 14:03:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USA]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=98107</guid>
		<description><![CDATA[There is finally something official for the shareholders of PNC Financial Services Group Inc. (PNC) to cheer for.  The company has announced a 14% hike in its quarterly dividend. Moreover, PNC Financial also intends to buy back up to $250 million of common stock under its existing 25 million share repurchase program during the remainder of 2012. The Details The increased quarterly cash dividend now stands at 40 cents per share, up 5 cents from 35 cents paid earlier. This new dividend payment date is May 5, 2012, payable the next business day, to shareholders of record as of the close of business April 17, 2012. Moreover, the company plans to buy back up to $250 million of common stock under its existing 25 million share repurchase program. The shares ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/10/pnc-pnc-financial-services-group-hikes-dividend-announces-share-buyback/98107/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(C) Citigroup Analyst Lowers Shares to Underperform</title>
		<link>http://www.stockbloghub.com/2012/04/09/c-citigroup-analyst-lowers-shares-to-underperform/96107</link>
		<comments>http://www.stockbloghub.com/2012/04/09/c-citigroup-analyst-lowers-shares-to-underperform/96107#comments</comments>
		<pubDate>Mon, 09 Apr 2012 18:04:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=96107</guid>
		<description><![CDATA[We are downgrading our recommendation on Citigroup Inc. (C) to Underperform from Neutral based on its failure to pass the Federal Reserve’s most recent stress test. Investors were widely speculating about the amount of money companies like Citigroup will be allowed by the Fed to return to their shareholders this year. Notably, Citi has failed to significantly enhance shareholder value following the financial crisis and this somewhat weakened its competitive position. Besides Citi, the three other companies that have failed the stress test this time are Ally Financial Inc., MetLife Inc. (MET) and SunTrust Banks Inc. (STI). Contrary to Citigroup and the other three failed companies, the other Wall Street bigs such as JPMorgan Chase &#38; Co. (JPM), U.S. Bancorp (USB) and Wells Fargo &#38; Co. (WFC) managed to clear ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/09/c-citigroup-analyst-lowers-shares-to-underperform/96107/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(BAC) Company News for March 21, 2012 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2012/04/04/bac-company-news-for-march-21-2012-corporate-summary/96067</link>
		<comments>http://www.stockbloghub.com/2012/04/04/bac-company-news-for-march-21-2012-corporate-summary/96067#comments</comments>
		<pubDate>Wed, 04 Apr 2012 16:35:16 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[EMC]]></category>
		<category><![CDATA[EMC Corporation]]></category>
		<category><![CDATA[LGF]]></category>
		<category><![CDATA[Lions Gate Entertainment Corporation]]></category>
		<category><![CDATA[TIF]]></category>
		<category><![CDATA[Tiffany & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=96067</guid>
		<description><![CDATA[•    EMC Corporation (NYSE:EMC) announced the acquisition of privately-held Pivotal Labs through an all cash transaction •    Shares of Lions Gate Entertainment (NYSE:LGF) soared 7.2% to $15.30, an all-time high, before the release of its movie, The Hunger Games •    Shares of Bank of America Corporation (NYSE:BAC) gained 2.9% after it announced that it will not be issuing any further equity in a second offering •    Tiffany &#38; Company (NYSE:TIF) posted fourth-quarter 2011 earnings of $1.39 per share, missing the Zacks Consensus Estimate of $1.41 BANK OF AMER CP (BAC): Free Stock Analysis Report EMC CORP -MASS (EMC): Free Stock Analysis Report LIONS GATE ETMT (LGF): Free Stock Analysis Report TIFFANY &#38; CO (TIF): Free Stock Analysis Report View original at: Zacks Investment Research &#8211; All Commentary Articles]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/04/bac-company-news-for-march-21-2012-corporate-summary/96067/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(BAC) Bank of America Wins Dismissal of Lawsuit</title>
		<link>http://www.stockbloghub.com/2012/04/02/bac-bank-of-america-wins-dismissal-of-lawsuit/97290</link>
		<comments>http://www.stockbloghub.com/2012/04/02/bac-bank-of-america-wins-dismissal-of-lawsuit/97290#comments</comments>
		<pubDate>Mon, 02 Apr 2012 17:36:21 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[BlackRock Inc.]]></category>
		<category><![CDATA[BLK]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=97290</guid>
		<description><![CDATA[On Thursday, the dismissal of lawsuit pertaining to the buyback of defective mortgage-backed securities (MBS), gave reprieve to Bank of America Corporation (BAC). The lawsuit was filed against BofA by a group of investors led by Walnut Place group. The litigation charged BofA’s Countrywide Financial Corp. unit, which the bank acquired in 2008, of making wrong representations and warranties about the loans that backed these securities. The judge also dismissed Walnut Place&#8217;s allegation that Countrywide&#8217;s MBS trustee, The Bank of New York Mellon Corporation (BK), had not acted on its complaints regarding defective Countrywide loans. The judge who dismissed the present litigation will also decide the fate of BofA’s $8.5 billion MBS settlement deal. In June 2011, the company had entered into an agreement to pay $8.5 billion for its ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/04/02/bac-bank-of-america-wins-dismissal-of-lawsuit/97290/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BAC) Bank of America Continues to Shrink</title>
		<link>http://www.stockbloghub.com/2012/03/23/bac-bank-of-america-continues-to-shrink/96346</link>
		<comments>http://www.stockbloghub.com/2012/03/23/bac-bank-of-america-continues-to-shrink/96346#comments</comments>
		<pubDate>Fri, 23 Mar 2012 21:55:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Community Properties Trust]]></category>
		<category><![CDATA[APO]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[TD]]></category>
		<category><![CDATA[Toronto-Dominion Bank]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=96346</guid>
		<description><![CDATA[Although Bank of America Corporation (BAC) strived and passed requirements of Federal Reserve’s stringent capital criteria, BofA is still banking on its plan to shrink balance sheet in order to streamline its operations, focus on its core businesses and improve top-line growth. Earlier this week, BofA has come up with the divestiture of its consumer credit card operations in Ireland to Apollo Global Management LLC’s (APO) fund affiliate, Apollo European Principal Finance Fund I (Apollo EPF). BofA’s Irish card unit includes more than 200,000 customer accounts with a balance of more than €650 million ($860 million) in receivables. The unit will continue to be managed in Ireland by its existing 250 staff. However, the financial terms of the agreement were undisclosed and the deal is still subjected to regulatory approvals. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/03/23/bac-bank-of-america-continues-to-shrink/96346/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JPM) U.S. Banks in 2012: Share Buybacks and High Dividends</title>
		<link>http://www.stockbloghub.com/2012/03/23/jpm-u-s-banks-in-2012-share-buybacks-and-high-dividends/96273</link>
		<comments>http://www.stockbloghub.com/2012/03/23/jpm-u-s-banks-in-2012-share-buybacks-and-high-dividends/96273#comments</comments>
		<pubDate>Fri, 23 Mar 2012 21:54:29 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Regions Financial Corporation]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=96273</guid>
		<description><![CDATA[These five U.S. banks are not only financially fit&#8230; they&#8217;re on track for share buybacks and high dividends in 2012. In January, bank regulators voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually. The purpose of the tests is to gauge whether or not individual banks can withstand another major economic downturn. The tests are now a required cost of doing business due to the 2010 Dodd-Frank financial oversight law. Stress tests have become a key component of how regulators will assess the health of the banking industry. The Federal Reserve also decided to put banks with more than $50 billion in assets through separate tests to gauge whether they have sufficient capital. The results of these tests came ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(BAC) Bank of America Considering New Fees Again</title>
		<link>http://www.stockbloghub.com/2012/03/07/bac-bank-of-america-considering-new-fees-again/94251</link>
		<comments>http://www.stockbloghub.com/2012/03/07/bac-bank-of-america-considering-new-fees-again/94251#comments</comments>
		<pubDate>Wed, 07 Mar 2012 17:41:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=94251</guid>
		<description><![CDATA[It has been over a year since Bank of America Corporation (BAC) has been testing its new fee structure in the states of Arizona, Massachusetts and Georgia. In this context, on Thursday, The Wall Street Journal reported that BofA is planning to impose these fees on its customers. According to the company, there has been no decision as to how or when these fees would be introduced on new accounts. According to the source, BofA is considering raising monthly fees on checking accounts. The company is planning to charge $6-$9 per month on basic checking accounts. Apart from this, the company is also mulling monthly fee in the range of $9-$25 on other checking accounts. However, customers need not worry as there are certain ways to avoid these fees. BofA ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/03/07/bac-bank-of-america-considering-new-fees-again/94251/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JPM) Steady Drop in Problem Bank List</title>
		<link>http://www.stockbloghub.com/2012/03/06/jpm-steady-drop-in-problem-bank-list/94371</link>
		<comments>http://www.stockbloghub.com/2012/03/06/jpm-steady-drop-in-problem-bank-list/94371#comments</comments>
		<pubDate>Tue, 06 Mar 2012 21:59:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=94371</guid>
		<description><![CDATA[Is the banking industry gradually coming out of the woods? Would it be right to say that there has been no improvement? The steady decline in Federal Deposit Insurance Corporation’s (FDIC) list of problem banks is a strong positive signal for the industry and the country as a whole. The number of banks on FDIC’s list of problem institutions saw a sharp decline for the third straight quarter to 813 in the October-December period from 844 in the preceding sequential period, federal regulators reported last week. As of the end of 2010, there were 884 banks in the problem list. Things looked a lot brighter in the fourth quarter given the drop in the problem list and strong growth in profit earned by FDIC insured banks for the 10th quarter ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/03/06/jpm-steady-drop-in-problem-bank-list/94371/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Settlement Case in State Court</title>
		<link>http://www.stockbloghub.com/2012/02/29/bac-bank-of-america-settlement-case-in-state-court/93812</link>
		<comments>http://www.stockbloghub.com/2012/02/29/bac-bank-of-america-settlement-case-in-state-court/93812#comments</comments>
		<pubDate>Wed, 29 Feb 2012 17:44:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[BlackRock Inc.]]></category>
		<category><![CDATA[BLK]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=93812</guid>
		<description><![CDATA[Providing a major relief to Bank of America Corporation (BAC), a U.S. Appeals Court has ruled that BofA’s $8.5 billion settlement deal related to mortgage backed securities (MBS) will be reviewed in the New York state court, instead of the federal court. This ruling overturns a decision by the U.S District Court to take the case to federal court in October 2011. The ruling for the settlement deal came after The Bank of New York Mellon Corporation (BK), the trustee for the MBS and the other parties – Pacific Investment Management Co. (PIMCO) and BlackRock Inc. (BLK) – argued that the settlement should remain in the state court, where the deal was actually filed. However, for the Walnut Place group, which was trying to move the case to the federal ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/29/bac-bank-of-america-settlement-case-in-state-court/93812/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BAC) Major Wall Street Banks Face New Mortgage Securities Lawsuit</title>
		<link>http://www.stockbloghub.com/2012/02/24/bac-major-wall-street-banks-face-new-mortgage-securities-lawsuit/92524</link>
		<comments>http://www.stockbloghub.com/2012/02/24/bac-major-wall-street-banks-face-new-mortgage-securities-lawsuit/92524#comments</comments>
		<pubDate>Fri, 24 Feb 2012 18:22:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[NMR]]></category>
		<category><![CDATA[Nomura Holdings Inc]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=92524</guid>
		<description><![CDATA[According to Bloomberg, Sealink Funding Ltd., an Ireland-based investment firm, has filed a lawsuit against a number of major banks over residential mortgage-backed securities. The complaint lodged claims that these banks have misrepresented documents as the underwriters in the sale of mortgage-backed securities. The accused banks are Wall Street bigs like Bank of America Corporation (BAC), JPMorgan Chase &#38; Co. (JPM), Citigroup Inc. (C), The Royal Bank of Scotland Group plc (RBS), Credit Suisse Group (CS), Deutsche Bank AG (DB) and Nomura Holdings Inc. (NMR). Sealink alleged that these banks have issued misleading statements and omissions related to the mortgage-backed securities and has concealed risks associated with the securities. The company claims that the documents used in offering the securities contained untrue statements or omissions, about the actual risks involved ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/24/bac-major-wall-street-banks-face-new-mortgage-securities-lawsuit/92524/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(C) China Approves Citigroup&#8217;s Credit Card Business</title>
		<link>http://www.stockbloghub.com/2012/02/16/c-china-oks-citigroup-credit-card-business/91485</link>
		<comments>http://www.stockbloghub.com/2012/02/16/c-china-oks-citigroup-credit-card-business/91485#comments</comments>
		<pubDate>Thu, 16 Feb 2012 20:03:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91485</guid>
		<description><![CDATA[Citigroup Inc. (C) will launch its own credit card business in China. Its Chinese subsidiary Citibank (China) Co. Ltd. has received approval from the China Banking Regulatory Commission. The company will launch both retail and commercial cards before the end of this year. This marks a landmark for Citigroup &#8211; the first U.S.-based bank to introduce its own credit card in China. Prior to 2008, foreign companies were only allowed to issue credit cards in collaboration with local companies. Regulators have been slow in approving foreign companies’ direct participation in this business and currently only Hong Kong-based Bank of East Asia is permitted to issue credit cards in mainland China. Citi currently has a co-branded credit card business in China with Shanghai Pudong Development Bank. This credit card venture started ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/16/c-china-oks-citigroup-credit-card-business/91485/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JPM) Twin Bank Failures &#8211; U.S. 2012 Tally Hits Nine</title>
		<link>http://www.stockbloghub.com/2012/02/15/jpm-twin-bank-failures-u-s-2012-tally-hits-nine/91632</link>
		<comments>http://www.stockbloghub.com/2012/02/15/jpm-twin-bank-failures-u-s-2012-tally-hits-nine/91632#comments</comments>
		<pubDate>Wed, 15 Feb 2012 17:37:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91632</guid>
		<description><![CDATA[After a week’s let-up, U.S. regulators were back in action last Friday, shuttering two more banks in Illinois and Indiana. This brings the total number of bank failures to 9 so far in 2012, following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of a few large banks continue to stabilize on the back of an economic recovery, the industry is still on shaky ground. The sector presents a picture similar to that of 2011, with nagging issues like depressed home prices along with still-high loan defaults and unemployment levels troubling such institutions. Lingering economic uncertainly and its effects also weigh on many banks. The need to absorb bad loans offered during the credit explosion has made these banks susceptible to severe ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/15/jpm-twin-bank-failures-u-s-2012-tally-hits-nine/91632/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Subpoenaed for Collateralized Loan Obligations Inquiry</title>
		<link>http://www.stockbloghub.com/2012/02/14/bac-bank-of-america-subpoenaed-for-collateralized-loan-obligations-inquiry/91641</link>
		<comments>http://www.stockbloghub.com/2012/02/14/bac-bank-of-america-subpoenaed-for-collateralized-loan-obligations-inquiry/91641#comments</comments>
		<pubDate>Tue, 14 Feb 2012 16:43:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91641</guid>
		<description><![CDATA[Massachusetts state regulators are investigating whether Bank of America Corporation (BAC) has knowingly inflated the value of assets in two loan portfolios that BofA sold to the investors in the form of collateralized loan obligations (CLOs). These loan portfolios led to nearly $150 million of losses to the investors. On Friday, Massachusetts Secretary of State William Galvin issued a subpoena to the unit of BofA, Bank of America Securities LLC for documents related to two CLOs – LCM VII Ltd. and Bryn Mawr CLO II – that were sold for a total of $865 million in July 2007. Bank of America Securities merged with Merrill Lynch after its acquisition in 2008. CLOs are bundles of loans that are sold to investors in different tranches with varying degrees of risk. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/14/bac-bank-of-america-subpoenaed-for-collateralized-loan-obligations-inquiry/91641/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan to Return Overdraft Fees</title>
		<link>http://www.stockbloghub.com/2012/02/13/jpm-jpmorgan-to-return-overdraft-fees/91442</link>
		<comments>http://www.stockbloghub.com/2012/02/13/jpm-jpmorgan-to-return-overdraft-fees/91442#comments</comments>
		<pubDate>Tue, 14 Feb 2012 05:18:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[CBSH]]></category>
		<category><![CDATA[Commerce Bancshares Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions BanCorporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91442</guid>
		<description><![CDATA[The U.S. District Court of Southern Florida (Miami) has asked JPMorgan Chase &#38; Co. (JPM) to pay $110 million to settle a class lawsuit related to the charging of inappropriate overdraft fees to its customers. The court held the company responsible for manipulating transaction entries to generate larger overdraft fees, but this settlement has to be first approved by the U.S. District Judge in Miami. The lawsuit filed by the customers stated that the transactions were re-sequenced by JPMorgan in such a way that the largest withdrawals were deducted first instead of being cleared in the order in which they were received. As a result, customers’ balances diminished faster, resulting in a larger number of ‘overdrawn’ transactions, each of which then became chargeable. With a rise in debit card usage, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/13/jpm-jpmorgan-to-return-overdraft-fees/91442/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(C) Citigroup Entangled in Lawsuit Again</title>
		<link>http://www.stockbloghub.com/2012/02/13/c-citigroup-entangled-in-lawsuit-again/91531</link>
		<comments>http://www.stockbloghub.com/2012/02/13/c-citigroup-entangled-in-lawsuit-again/91531#comments</comments>
		<pubDate>Tue, 14 Feb 2012 04:55:57 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91531</guid>
		<description><![CDATA[Citigroup Inc. (C) is again making headlines for landing into another legal mess. Recently, Citibank, the banking unit of the company, has been sued by Lehman Brothers Holdings Inc. for wrongly confiscating nearly $2.5 billion, which was transferred by Lehman just before its bankruptcy filing in 2008. Currently, Lehman is pursuing a liquidation plan and will likely pay 18 cents per dollar to its creditors. However, about $2 billion that it has so far gathered is actually pledged to Citi. Hence, Lehman is trying to trim down or reject the claim from Citi so that it can pay more to the other creditors. The spokesperson for Citi stated that the company will fight the lawsuit as Lehman’s action is not justified. Further, Citi also commented that Lehman has no right ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/13/c-citigroup-entangled-in-lawsuit-again/91531/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo &amp; Company Settles Foreclosure Mess</title>
		<link>http://www.stockbloghub.com/2012/02/13/wfc-wells-fargo-company-settles-foreclosure-mess/91580</link>
		<comments>http://www.stockbloghub.com/2012/02/13/wfc-wells-fargo-company-settles-foreclosure-mess/91580#comments</comments>
		<pubDate>Tue, 14 Feb 2012 04:53:20 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91580</guid>
		<description><![CDATA[Wells Fargo &#38; Co. (WFC) has reached a $5.3 billion settlement with states and federal authorities over alleged abuses in foreclosure practices. The company along with four other large mortgage servicers––Bank of America Corp. (BAC), Citigroup Inc. (C), JPMorgan Chase &#38; Co. (JPM) and Ally Financial have reached a settlement worth $25 billion in total with the attorneys general from 49 states and several federal agencies. WFC’s settlement is valued at approximately $5.3 billion for issues related to its mortgage servicing, foreclosure and origination. According to terms of the agreement, it will include $900 million in a refinance program and $3.4 billion in consumer relief programs. Moreover, it will comprise $1.0 billion in foreclosure assistance payment to the federal government and the states which will be used to address the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/13/wfc-wells-fargo-company-settles-foreclosure-mess/91580/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Class-Action Suit Against Bank of America</title>
		<link>http://www.stockbloghub.com/2012/02/08/bac-class-action-suit-against-bank-of-america/91448</link>
		<comments>http://www.stockbloghub.com/2012/02/08/bac-class-action-suit-against-bank-of-america/91448#comments</comments>
		<pubDate>Wed, 08 Feb 2012 18:06:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91448</guid>
		<description><![CDATA[Yesterday, the federal judge in Manhattan ordered Bank of America Corporation (BAC) to deal with a shareholders’ class-action lawsuit. The lawsuit accused BofA along with some of its senior managers and directors of misleading investors about the takeover of Merrill Lynch &#38; Co. as well as the amount of Merrill&#8217;s losses and bonus payouts in 2008. The shareholders of BofA filed a lawsuit against the company in federal court in Manhattan in 2009. They claimed that it has concealed information about bonuses to Merrill employees and also kept secret the financial losses suffered in the fourth quarter of 2008. The complaint lodged claims that BofA deceptively misrepresented the facts by providing materially misleading statements. Moreover, BofA was forced in January 2009 to take a second bailout from the federal Troubled ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/08/bac-class-action-suit-against-bank-of-america/91448/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Chase and HSBC Holdings Dragged to Court</title>
		<link>http://www.stockbloghub.com/2012/02/03/jpm-jpmorgan-chase-and-hsbc-holdings-dragged-to-court/91194</link>
		<comments>http://www.stockbloghub.com/2012/02/03/jpm-jpmorgan-chase-and-hsbc-holdings-dragged-to-court/91194#comments</comments>
		<pubDate>Fri, 03 Feb 2012 18:08:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[M&T Bank Corporation]]></category>
		<category><![CDATA[MTB]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=91194</guid>
		<description><![CDATA[On Tuesday, DZ Bank AG (DZBK), Germany’s largest co-operative lender, filed a lawsuit against JPMorgan Chase &#38; Co. (JPM) and HSBC Holdings Plc (HBC) for breaching representations and warranties. The complaint lodged claims that both companies have misrepresented documents related to the sale of over $85 million and $122 million, respectively, in residential mortgage-backed securities. DZ Bank alleged that JPMorgan and HSBC issued misleading statements with omissions related to the mortgage-backed securities and has concealed risks associated with these securities. The company claims that the documents used for offering the securities contained untrue statements or omissions about how risky the investments might be. Misinterpretation of these risks provoked investments, which have virtually no value at current levels. DZ Bank has filed lawsuit in the New York State Supreme Court in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/02/03/jpm-jpmorgan-chase-and-hsbc-holdings-dragged-to-court/91194/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Corporation &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2012/01/26/bac-bank-of-america-corporation-bear-of-the-day-2/90883</link>
		<comments>http://www.stockbloghub.com/2012/01/26/bac-bank-of-america-corporation-bear-of-the-day-2/90883#comments</comments>
		<pubDate>Thu, 26 Jan 2012 16:03:47 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90883</guid>
		<description><![CDATA[Bank of America Corp.&#8217;s (BAC) fourth-quarter earnings came in substantially lower than the Zacks Consensus Estimate. The sale of non-core assets and accounting gains made it possible for the company to remain profitable during the quarter. However, excluding nonrecurring items, the company would have incurred a loss. Higher non-interest expense was the primary headwind in the quarterly numbers. Also, capital and liquidity remained weak. For the full year 2011, the company reported earnings of $0.01 per share, a nickel lower than the Zacks Consensus Estimate. Our six-month target price of $6.50 per share equates to about 7.0x our earnings estimate for 2012. This price target implies an expected negative total return of 8.1% over that period, which is consistent with our long-term Underperform recommendation on the shares. BANK OF AMER ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/26/bac-bank-of-america-corporation-bear-of-the-day-2/90883/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) 2012 U.S. Bank Failures Number Three</title>
		<link>http://www.stockbloghub.com/2012/01/24/jpm-2012-u-s-bank-failures-number-three/90658</link>
		<comments>http://www.stockbloghub.com/2012/01/24/jpm-2012-u-s-bank-failures-number-three/90658#comments</comments>
		<pubDate>Tue, 24 Jan 2012 17:19:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BB & T Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90658</guid>
		<description><![CDATA[After a month’s pause, U.S. regulators were back in action, shuttering three small banks in Georgia, Florida and Pennsylvania last Friday. These 3 represent the first bank failures of 2012 following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of a few large banks have been stabilizing on the back of an economic recovery, the industry is still on shaky ground. Nagging issues like depressed home prices along with still-high loan defaults and unemployment levels continue to trouble such institutions. Lingering economic uncertainly and its effects also continue to weigh on many banks. The need to absorb bad loans offered during the credit explosion has made these banks susceptible to severe problems. Further, the repeated risk-taking of bailed-out banks is a further ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/24/jpm-2012-u-s-bank-failures-number-three/90658/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Stock Market News for January 23, 2012 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2012/01/23/bac-stock-market-news-for-january-23-2012-market-news/90644</link>
		<comments>http://www.stockbloghub.com/2012/01/23/bac-stock-market-news-for-january-23-2012-market-news/90644#comments</comments>
		<pubDate>Mon, 23 Jan 2012 17:38:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GOOG]]></category>
		<category><![CDATA[Google Inc.]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[INTC]]></category>
		<category><![CDATA[Intel Corporation]]></category>
		<category><![CDATA[International Business Machines]]></category>
		<category><![CDATA[Microsoft Corporation]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[MSFT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90644</guid>
		<description><![CDATA[Strong corporate results helped lift the Dow higher to a six month high, while the S&#38;P 500 registered frugal gains. Meanwhile, an earnings miss by Google weighed down the Nasdaq Composite Index. Nonetheless, the markets managed to end another week with gains and each benchmarks moved up by over 2%. The Dow Jones Industrial Average (DJI) added 0.8% to finish the day at 12,720.48. The Standard &#38; Poor 500 (S&#38;P 500) was up 0.07% to end almost unchanged at 1,315.38. The tech-laden Nasdaq Composite Index missed out on a seat in the green and dropped 0.06% to settle at 2,786.70.The fear-gauge CBOE Volatility Index (VIX) dropped down to 18.28. Total volume on the New York Stock Exchange (NYSE) was 3.96 billion shares. For 56% of the advancing stocks on the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/23/bac-stock-market-news-for-january-23-2012-market-news/90644/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Stock Market News for January 18, 2012 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2012/01/18/bac-stock-market-news-for-january-18-2012-market-news/90417</link>
		<comments>http://www.stockbloghub.com/2012/01/18/bac-stock-market-news-for-january-18-2012-market-news/90417#comments</comments>
		<pubDate>Wed, 18 Jan 2012 20:42:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Carnival Corporation]]></category>
		<category><![CDATA[CCL]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[ICE]]></category>
		<category><![CDATA[Intercontinental Exchange]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[KFT]]></category>
		<category><![CDATA[Kraft Foods Inc.]]></category>
		<category><![CDATA[MET]]></category>
		<category><![CDATA[MetLife Inc.]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Research In Motion Limited]]></category>
		<category><![CDATA[RIMM]]></category>
		<category><![CDATA[Sears Holdings Corporation]]></category>
		<category><![CDATA[SHLD]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90417</guid>
		<description><![CDATA[The major US indices registered gains to close in the green after a slew of positive economic reports were released at home and in China. A successful debt auction in Europe added to the cheer. However, the gains were limited, as investors’ sentiments were dampened after the banking sector incurred losses following disappointing earnings figures from Citigroup. The Dow Jones Industrial Average (DJI) gained 0.5% to settle at 12,482.07. The blue chip index’s major decliner was JP Morgan (NYSE:JPM) which fell by 2.81% after the banking giant reported uninspiring quarterly earnings results. The Standard &#38; Poor 500 (S&#38;P 500) posted gains of 0.4% and closed yesterday’s trading session at 1,293.67 before touching the psychological level of 1,300 earlier during the day. Energy sector stocks gained the most. The tech laden ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/18/bac-stock-market-news-for-january-18-2012-market-news/90417/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Company News for January 17, 2012 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2012/01/17/bac-company-news-for-january-17-2012-corporate-summary/90344</link>
		<comments>http://www.stockbloghub.com/2012/01/17/bac-company-news-for-january-17-2012-corporate-summary/90344#comments</comments>
		<pubDate>Tue, 17 Jan 2012 18:22:45 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90344</guid>
		<description><![CDATA[•    During a hearing in Franfurt, Presiding Judge Daniel Koehle said JP Morgan Chase &#38; Co. (NYSE:JPM) and the German city of Pforzheim should settle their dispute over losses of 56 million Euros on an interest rate swap. •    Bank of America Chairman (NYSE:BAC) Chad Holliday expressed his continued support for CEO Brian Moynihan at a conference in the light of the bank’s declining stock price. •    Citigroup (NYSE:C) is scheduled to declare its fourth quarter and full year results for 2011 before the opening bell on Tuesday, January 17th. BANK OF AMER CP (BAC): Free Stock Analysis Report CITIGROUP INC (C): Free Stock Analysis Report JPMORGAN CHASE (JPM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/17/bac-company-news-for-january-17-2012-corporate-summary/90344/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Delivers Unlikely Friday the 13th Report</title>
		<link>http://www.stockbloghub.com/2012/01/13/jpm-jpmorgan-delivers-unlikely-friday-the-13th-report/90155</link>
		<comments>http://www.stockbloghub.com/2012/01/13/jpm-jpmorgan-delivers-unlikely-friday-the-13th-report/90155#comments</comments>
		<pubDate>Fri, 13 Jan 2012 21:08:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[DAL]]></category>
		<category><![CDATA[Delta Air Lines Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[LCC]]></category>
		<category><![CDATA[US Airways Group Inc.]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=90155</guid>
		<description><![CDATA[Stocks will find it difficult to sustain their upward drift of recent days in the face of lackluster results from banking bellwether JP Morgan (JPM) and the absence of anything meaningful on the economic calendar. This morning’s bigger-than-expected November Trade Deficit number, though not a market-moving release, adds to the negative headlines. An outsized gain in the University of Michigan Consumer Sentiment Index, on deck for release a little later, could potentially help lift sentiment. But the overall tone of today’s trading action will likely remain subdued given investors’ evaluation of the fourth quarter reporting season in light of the JP Morgan news. The headlines from across the pond remain non-threatening for another day, though overnight deposits at the European Central Bank (ECB) have hit another new all-time high. Banks have been ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/13/jpm-jpmorgan-delivers-unlikely-friday-the-13th-report/90155/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Stock Market News for January 4, 2012 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2012/01/08/bac-stock-market-news-for-january-4-2012-market-news/89646</link>
		<comments>http://www.stockbloghub.com/2012/01/08/bac-stock-market-news-for-january-4-2012-market-news/89646#comments</comments>
		<pubDate>Mon, 09 Jan 2012 04:48:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[ACI]]></category>
		<category><![CDATA[Alpha Natural Resources Inc]]></category>
		<category><![CDATA[ANR]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Arch Coal Inc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BTU]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[CAT]]></category>
		<category><![CDATA[Caterpillar Inc.]]></category>
		<category><![CDATA[Cisco Systems]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Patriot Coal Corporation]]></category>
		<category><![CDATA[PCX]]></category>
		<category><![CDATA[Peabody Energy Corporation]]></category>
		<category><![CDATA[Riverbed Technology Inc.]]></category>
		<category><![CDATA[RVBD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89646</guid>
		<description><![CDATA[The first trading day of the year witnessed a positive trend in the US markets, backed by encouraging news from the global arena and positive domestic economic reports. Major indices gained during the trading day helped by an optimistic mood that prevailed among investors. The Dow Jones Industrial average (DJIA) surged 1.5% to close at 12,397.38. The Standard &#38; Poor 500 rose 1.6% to finish at 1,277.06. The Nasdaq composite index gained 1.7% to end at 2,648.72. The fear gauge CBOE volatility index closed lower at 22.98. On the New York Stock Exchange (NYSE), consolidated volumes were 3.9 billion. More than three stocks gained on the NYSE for every stock that declined. To the investor’s relief there was no discouraging news from the European front. In fact, data from Germany ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/08/bac-stock-market-news-for-january-4-2012-market-news/89646/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Stock Market News for January 3, 2012 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2012/01/03/bac-stock-market-news-for-january-3-2012-market-news/89561</link>
		<comments>http://www.stockbloghub.com/2012/01/03/bac-stock-market-news-for-january-3-2012-market-news/89561#comments</comments>
		<pubDate>Tue, 03 Jan 2012 19:06:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Cabot Oil & Gas Corporation]]></category>
		<category><![CDATA[COG]]></category>
		<category><![CDATA[El Paso Corporation]]></category>
		<category><![CDATA[EP]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[MCD]]></category>
		<category><![CDATA[McDonald's Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=89561</guid>
		<description><![CDATA[On the last trading day of the year, US markets witnessed low volumes and muted activity as investors seemed reluctant to make any major moves on Friday. The “Santa rally” continued into the day but barely made any impact on the market. The Dow Jones Industrial average (DJIA) lost 0.57% to close at 12,217.56. The Standard &#38; Poor 500 was down 0.4% to 1,257.60 by the end of the day. The Nasdaq composite index fell 0.33% to 2,605.15. The fear gauge CBOE volatility index closed above 23. On the New York Stock Exchange (NYSE), Amex and Nasdaq, consolidated volumes were at 4.07 billion shares compared to the daily average of 7.84 billion shares this year. For every four stocks that declined on the NYSE, three gained while on the Nasdaq ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2012/01/03/bac-stock-market-news-for-january-3-2012-market-news/89561/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Fitch Ratings Downgrades Giant Wall Street Banks</title>
		<link>http://www.stockbloghub.com/2011/12/24/bac-fitch-ratings-downgrades-giant-wall-street-banks/88830</link>
		<comments>http://www.stockbloghub.com/2011/12/24/bac-fitch-ratings-downgrades-giant-wall-street-banks/88830#comments</comments>
		<pubDate>Sat, 24 Dec 2011 15:17:28 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88830</guid>
		<description><![CDATA[Adding to the ongoing economic concerns, Fitch Ratings lowered its viability ratings on eight major global banks on Thursday. Moreover, long-term issuer-default ratings were also downgraded on six major U.S. and European banks. The banks experiencing fall in their viability ratings includes Wall Street giants – Bank of America Corporation (BAC), The Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS). The ratings were lowered to “bbb+“, “a“, and “a-“ from “a-“, “a+“ and “a“, respectively, for BofA, Goldman and Morgan Stanley. Apart from these U.S. banks, the viability ratings of the five European banks, such as Barclays plc (BCS), Credit Suisse Group (CS), Deutsche Bank AG (DB), Societe Generale and BNP Paribas (BNP), were downgraded. Moreover, the ratings for Barclays, Credit Suisse and Deutsche Bank were revised to “a” ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/24/bac-fitch-ratings-downgrades-giant-wall-street-banks/88830/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) GMAC Exits Mortgage Loans</title>
		<link>http://www.stockbloghub.com/2011/12/21/jpm-gmac-exits-mortgage-loans/88078</link>
		<comments>http://www.stockbloghub.com/2011/12/21/jpm-gmac-exits-mortgage-loans/88078#comments</comments>
		<pubDate>Wed, 21 Dec 2011 17:42:27 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88078</guid>
		<description><![CDATA[On Friday, GMAC Mortgage, the mortgage origination and servicing operation of Ally Financial Inc., announced that it would stop purchasing mortgage loans from the third party in Massachusetts. However, the company would honor all its contractual obligations made as of December 5 as well as continue providing services to its existing customers. Additionally, GMAC will go on offering loans to homeowners through its direct lending unit in the state. GMAC stated that the sudden interruption in new mortgage purchases, originated by correspondent lenders and wholesale brokers, is a result of recent developments that made mortgage lending financially not feasible in Massachusetts. Another major reason behind this is, the lawsuit filed for alleged violation of foreclosure practices by the state attorney general (AG) Martha Coakley against the company and four other ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/21/jpm-gmac-exits-mortgage-loans/88078/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Banks Face Foreclosure Charge Again</title>
		<link>http://www.stockbloghub.com/2011/12/19/jpm-banks-face-foreclosure-charge-again-2/88040</link>
		<comments>http://www.stockbloghub.com/2011/12/19/jpm-banks-face-foreclosure-charge-again-2/88040#comments</comments>
		<pubDate>Mon, 19 Dec 2011 19:51:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88040</guid>
		<description><![CDATA[In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase &#38; Co. (JPM), Bank of America Corporation (BAC), Citigroup Inc. (C), Wells Fargo &#38; Company (WFC) and Ally Financial Inc. – for alleged violation of foreclosure practices. Further, Mortgage Electronic Registration System Inc. (MERS) and its parent company have also been named as defendants. Allegations The lawsuit alleges that these five major mortgage servicers used various deceiving foreclosure practices to fast track foreclosures without properly following the rules. Some of the procedures followed by these banks included use of ‘robo-signers,’ misleading homeowners in relation to loan modification processes, utilizing flawed documents and illegally foreclosing a property. Additionally, MERS, which provides database for mortgage servicers, has been accused of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/19/jpm-banks-face-foreclosure-charge-again-2/88040/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Net Charge-Off Rate Falls</title>
		<link>http://www.stockbloghub.com/2011/12/17/bac-net-charge-off-rate-falls/88831</link>
		<comments>http://www.stockbloghub.com/2011/12/17/bac-net-charge-off-rate-falls/88831#comments</comments>
		<pubDate>Sat, 17 Dec 2011 18:30:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[DFS]]></category>
		<category><![CDATA[Discover Financial Services]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88831</guid>
		<description><![CDATA[The regulatory filings by major credit card companies have disclosed mixed results in credit card defaults and delinquency rate for November 2011. According to these filings, three of the nation&#8217;s top six credit card companies reported a decline in card defaults, while two of them recorded lower delinquency rates. In comparison with the prior month,Bank of America Corporation (BAC), JPMorgan Chase &#38; Co. (JPM), and Discover Financial Services (DFS) recorded a fall in their respective credit card defaults, where as Citigroup Inc. (C), American Express Company (AXP) and Capital One Financial Corp. (COF) reported a surge for the same. Card companies usually write off the loans that are 180 days past due, assuming those as uncollectible. For BofA, on an annualized basis, net charges-off (NCO) rate fell to 5.67% in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/17/bac-net-charge-off-rate-falls/88831/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Stock Market News for December 15, 2011 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2011/12/15/bac-stock-market-news-for-december-15-2011-market-news/88689</link>
		<comments>http://www.stockbloghub.com/2011/12/15/bac-stock-market-news-for-december-15-2011-market-news/88689#comments</comments>
		<pubDate>Thu, 15 Dec 2011 18:05:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[CAT]]></category>
		<category><![CDATA[Caterpillar Inc.]]></category>
		<category><![CDATA[Cisco Systems]]></category>
		<category><![CDATA[CLF]]></category>
		<category><![CDATA[Cliffs Natural Resources Inc.]]></category>
		<category><![CDATA[CSCO]]></category>
		<category><![CDATA[Exxon Mobil Corporation]]></category>
		<category><![CDATA[HES]]></category>
		<category><![CDATA[Hess Corporation]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[Marathon Oil Corporation]]></category>
		<category><![CDATA[MRO]]></category>
		<category><![CDATA[NEM]]></category>
		<category><![CDATA[Newmont Mining Corporation]]></category>
		<category><![CDATA[Occidental Petroleum Corporation]]></category>
		<category><![CDATA[OXY]]></category>
		<category><![CDATA[TC]]></category>
		<category><![CDATA[Thompson Creek Metals Company Inc]]></category>
		<category><![CDATA[United Technologies Corporation]]></category>
		<category><![CDATA[UTX]]></category>
		<category><![CDATA[Verizon Communications Inc.]]></category>
		<category><![CDATA[VZ]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88689</guid>
		<description><![CDATA[Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns. The Dow Jones Industrial Average (DJIA) plunged 1.1% to settle the day at 11823.48. The Standard &#38; Poor 500 (S&#38;P 500) also inched down 1.1% to close yesterday’s trading session at 1211.82. The Nasdaq Composite Index slumped 1.6% and finished at 2539.31. The fear-gauge CBOE Volatility Index (VIX) was up 2.5% to finish at 26.04. Decliners once again outnumbered advancing stocks on the New York Stock Exchange (NYSE), with only 28% of the stocks moving up, compared to 70% for the decliner. Consolidated volumes on the NYSE, Amex and Nasdaq, were 7.8 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/15/bac-stock-market-news-for-december-15-2011-market-news/88689/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Banks Face Foreclosure Charge Again</title>
		<link>http://www.stockbloghub.com/2011/12/15/jpm-banks-face-foreclosure-charge-again/87995</link>
		<comments>http://www.stockbloghub.com/2011/12/15/jpm-banks-face-foreclosure-charge-again/87995#comments</comments>
		<pubDate>Thu, 15 Dec 2011 17:56:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87995</guid>
		<description><![CDATA[In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase &#38; Co. (JPM), Bank of America Corporation (BAC), Citigroup Inc. (C), Wells Fargo &#38; Company (WFC) and Ally Financial Inc. – for alleged violation of foreclosure practices. Further, Mortgage Electronic Registration System Inc. (MERS) and its parent company have also been named as defendants. Allegations The lawsuit alleges that these five major mortgage servicers used various deceiving foreclosure practices to fast track foreclosures without properly following the rules. Some of the procedures followed by these banks included use of ‘robo-signers,’ misleading homeowners in relation to loan modification processes, utilizing flawed documents and illegally foreclosing a property. Additionally, MERS, which provides database for mortgage servicers, has been accused of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/15/jpm-banks-face-foreclosure-charge-again/87995/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PNC) PNC Financial Services Group Beefs Up Atlanta Portfolio</title>
		<link>http://www.stockbloghub.com/2011/12/14/pnc-pnc-financial-services-group-beefs-up-atlanta-portfolio/88461</link>
		<comments>http://www.stockbloghub.com/2011/12/14/pnc-pnc-financial-services-group-beefs-up-atlanta-portfolio/88461#comments</comments>
		<pubDate>Wed, 14 Dec 2011 19:51:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BankAtlantic Bancorp Inc]]></category>
		<category><![CDATA[BBX]]></category>
		<category><![CDATA[FBC]]></category>
		<category><![CDATA[Flagstar Bancorp Inc]]></category>
		<category><![CDATA[Liberty All Star Equity Fund]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group Inc]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[RY]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88461</guid>
		<description><![CDATA[PNC Financial Services Group Inc. (PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Flagstar Bank sold the leases associated with the branches and the associated businesses and retail deposits worth approximately $210 million at the closing.  PNC paid the Bank net book value of the acquired real estate and fixed and other personal assets associated with the branches. A Win-Win situation The deal is a strategic fit for both PNC Financial and Flagstar Bank. For PNC Financial the acquisition will expand operations in Atlanta and add to its competitive edge. With over 70 branches located in the Atlanta metro area, including those that it plans to add from its pending ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/14/pnc-pnc-financial-services-group-beefs-up-atlanta-portfolio/88461/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo Clears Bid-Rig Case</title>
		<link>http://www.stockbloghub.com/2011/12/12/wfc-wells-fargo-clears-bid-rig-case/88345</link>
		<comments>http://www.stockbloghub.com/2011/12/12/wfc-wells-fargo-clears-bid-rig-case/88345#comments</comments>
		<pubDate>Mon, 12 Dec 2011 13:56:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=88345</guid>
		<description><![CDATA[Wells Fargo &#38; Co. (WFC) is in the headlines and this time for a penalty. The company has agreed to pay $148 million to settle charges brought by federal and state authorities that its acquired unit – Wachovia Bank N.A. participated in fraudulent activities. Wachovia was allegedly involved in bid-rigging for winning business from municipalities. According to the Securities and Exchange Commission (SEC), Wachovia rigged at least 58 municipal bond reinvestment transactions in 25 states and Puerto Rico during an eight-year period from at least 1997 to 2005 and prior to its acquisition by Wells Fargo in 2008. Former employees of Wachovia were involved in the bid-rigging process. Wachovia won some bids with information from the bidding agents about competing bids, a practice known as “last looks”. In some other ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/12/12/wfc-wells-fargo-clears-bid-rig-case/88345/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Corporation Continues Assets Sale</title>
		<link>http://www.stockbloghub.com/2011/12/02/bac-bank-of-america-corporation-continues-assets-sale/87904</link>
		<comments>http://www.stockbloghub.com/2011/12/02/bac-bank-of-america-corporation-continues-assets-sale/87904#comments</comments>
		<pubDate>Fri, 02 Dec 2011 16:26:09 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87904</guid>
		<description><![CDATA[Bank of America Corporation (BAC) has agreed to sell its Designated Market Maker (DMM) business on New York Stock Exchange (NYSE) to global market maker, Getco LCC. Bank of America’s decision to move away from its market making operations is a part of its strategy to concentrate on its core banking business. The financial terms of the transactions were, however, not disclosed. Following the closure of the deal, Getco will become the second largest NYSE-designated market-maker and would be responsible for trades in about 650 companies and 850 securities. Concurrently, Reuters reported that Bank of America is closing its Brazilian private banking business and trenching nearly 40 employees. Bank of America is the third financial company to announce layoffs in Brazil within a couple of months. In October, two European ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Can You Live Without Debt?</title>
		<link>http://www.stockbloghub.com/2011/11/30/bac-can-you-live-without-debt/87815</link>
		<comments>http://www.stockbloghub.com/2011/11/30/bac-can-you-live-without-debt/87815#comments</comments>
		<pubDate>Wed, 30 Nov 2011 20:10:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corporation]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[DFS]]></category>
		<category><![CDATA[Discover Financial Services]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[M]]></category>
		<category><![CDATA[Macy's Inc.]]></category>
		<category><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category><![CDATA[WMT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87815</guid>
		<description><![CDATA[Remember the fictional immigrant Balki from the TV show &#8220;Perfect Strangers&#8221;? He seemed to speak a universal truth when he said, “Am I in debt? I&#8217;m a true American.” Well, not anymore. After being battered by the latest recession, Americans are gradually learning to live without debt, priming protection over growth. According to a report released by the New York Federal Reserve, U.S. consumers continued to free themselves of debt in the third quarter, showing a 0.6% sequential decline. The decline was primarily led by reduced mortgage balances. Consumer debt increased substantially during 2002–2008. In 2007, consumer debt had swollen to about 135% of disposable income. Since then, the level has been seeing a steady decline. It is a common perception that living without debt is just impossible, as our ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(BAC) Standard &amp; Poor&#8217;s Downgrades Giant Wall Street Banks</title>
		<link>http://www.stockbloghub.com/2011/11/30/bac-standard-poors-downgrades-giant-wall-street-banks/87818</link>
		<comments>http://www.stockbloghub.com/2011/11/30/bac-standard-poors-downgrades-giant-wall-street-banks/87818#comments</comments>
		<pubDate>Wed, 30 Nov 2011 20:09:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barclays plc]]></category>
		<category><![CDATA[BCS]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Credit Suisse Group]]></category>
		<category><![CDATA[CS]]></category>
		<category><![CDATA[DB]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Economic Crises]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[HBC]]></category>
		<category><![CDATA[HSBC HLDGS PLC ADS]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[ING Groep NV]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[Lloyds Banking Group plc]]></category>
		<category><![CDATA[LYG]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Scotland Group plc]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87818</guid>
		<description><![CDATA[On Tuesday, Standard &#38; Poor&#8217;s (S&#38;P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&#38;P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings. The banks whose ratings fell, included Wall Street giants – Bank of America Corporation (BAC), JPMorgan Chase &#38; Co. (JPM), Citigroup Inc. (C), Wells Fargo &#38; Company (WFC), The Goldman Sachs Group Inc. (GS) and Morgan Stanley (MS). Apart from these U.S. banks, the credit ratings of few European banks, such as Barclays Plc (BCS), Lloyds Banking Group Plc (LYG), HSBC Holdings Plc (HBC) and The Royal Bank of Scotland Group Plc (RBS) also downgraded. Ratings for these 15 banks were downgraded by one notch. However, S&#38;P did not ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(BK) The Bank of New York Mellon Corporation Expands Overseas</title>
		<link>http://www.stockbloghub.com/2011/11/30/bk-the-bank-of-new-york-mellon-corporation-expands-overseas/87709</link>
		<comments>http://www.stockbloghub.com/2011/11/30/bk-the-bank-of-new-york-mellon-corporation-expands-overseas/87709#comments</comments>
		<pubDate>Wed, 30 Nov 2011 19:53:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[Penson Worldwide Inc]]></category>
		<category><![CDATA[PNSN]]></category>
		<category><![CDATA[The Bank of New York Mellon Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87709</guid>
		<description><![CDATA[The Bank of New York Mellon Corporation (BK) announced a definitive agreement to acquire Penson Worldwide Inc.’s (PNSN) Australian subsidiary, Penson Financial Services Australia Pty Ltd (PFSA). As a part of the agreement, BNY Mellon will pay AUD$33 million ($33 million). PFSA is a clearing firm that offers execution and clearing services. It also processes local exchange-traded equities and exchange-traded options. In addition to holding an Australian Financial Services License, it is a market participant of the Australian Stock Exchange and a clearing participant of the Australian Clearing House. The acquisition is expected to close by the end of this year, subject to regulatory approvals. Following the completion, PFSA will be integrated with BNY Mellon’s Pershing LLC unit. Pershing offers global execution and clearing services, technology and investment solutions to ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(C) Citigroup-SEC Settlement Revoked</title>
		<link>http://www.stockbloghub.com/2011/11/30/c-citigroup-sec-settlement-revoked/87728</link>
		<comments>http://www.stockbloghub.com/2011/11/30/c-citigroup-sec-settlement-revoked/87728#comments</comments>
		<pubDate>Wed, 30 Nov 2011 19:41:13 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87728</guid>
		<description><![CDATA[Yesterday, U.S. District Judge Jed Rakoff rejected Citigroup Inc.’s (C) $285 million settlement with the U.S. Securities and Exchange Commission (SEC). The settlement was to compensate investors for misleading them with a housing market related collateralized debt obligation (CDO). Rakoff concluded that the facts and figures submitted by Citigroup were unsatisfactory. Moreover, he commented that the settlement was &#8220;neither fair, nor reasonable, nor adequate, nor in the public interest.&#8221; Moreover, Rakoff has planned a trial on July 16, 2012, though Citi and the SEC might come up with a new settlement for the judge’s approval in advance. According to the judge, absence of proper documents prevented him to give a green signal to the settlement. Moreover, he condemned regulators for depriving the general public from their right of knowing the ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(BAC) Is Bank of America Playing a “Shell Game” With Its Derivatives?</title>
		<link>http://www.stockbloghub.com/2011/11/30/bac-is-bank-of-america-playing-a-%e2%80%9cshell-game%e2%80%9d-with-its-derivatives/87755</link>
		<comments>http://www.stockbloghub.com/2011/11/30/bac-is-bank-of-america-playing-a-%e2%80%9cshell-game%e2%80%9d-with-its-derivatives/87755#comments</comments>
		<pubDate>Wed, 30 Nov 2011 18:48:23 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87755</guid>
		<description><![CDATA[by Chris Matthai, Investment U Research Wednesday, November 30, 2011 According to Bloomberg, Bank of America (NYSE: BAC) is currently shifting derivative contracts between its retail deposit bank, Bank of America NA, and its wholly owned brokerage arm, Merrill Lynch. At first glimpse, no big deal right? Wrong… Not when we’re talking about $75 trillion in derivatives contracts that B of A is backing. And regulators may soon be putting an end to these transfers. Problems for Bank of America What’s at issue is that derivatives contracts usually require counterparties to post collateral in amounts that can increase if their creditworthiness deteriorates. And Bank of America’s September downgrade from Moody’s Investor Service is causing problems for B of A. At stake for Bank of America is the continuing ability to ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(WFC) Wells Fargo May Purchase Irish Assets of Bank of Ireland PLC</title>
		<link>http://www.stockbloghub.com/2011/11/28/wfc-wells-fargo-may-purchase-irish-assets-of-bank-of-ireland-plc/87641</link>
		<comments>http://www.stockbloghub.com/2011/11/28/wfc-wells-fargo-may-purchase-irish-assets-of-bank-of-ireland-plc/87641#comments</comments>
		<pubDate>Mon, 28 Nov 2011 20:38:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[AIB]]></category>
		<category><![CDATA[Allied Irish Banks plc]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BX]]></category>
		<category><![CDATA[IRE]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Company]]></category>
		<category><![CDATA[The Blackstone Group]]></category>
		<category><![CDATA[The Governor and Company of The Bank of Ireland]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=87641</guid>
		<description><![CDATA[On Friday, Bloomberg reported that Wells Fargo &#38; Company (WFC) might purchase the London-based Burdale Finance Ltd. unit from Dublin-based Bank of Ireland PLC (IRE). In 2004, Bank of Ireland acquired Burdale from Wachovia Corp. for €71 million. Bank of Ireland was contemplating the sale of Burdale since April and has hired Hawkpoint Partners Ltd. as an adviser in this regard. The sale of Burdale is expected to be completed by the end of 2011. Burdale Finance Ltd. provides loans against assets in the U.S. and U.K. Currently, the firm has approximately €800 million ($1.1 billion) of loans in both countries across the Atlantic. The completion of the deal will mark Wells Fargo’s third dive this year on the assets of Irish banks. In October, Wells Fargo purchased €1.13 billion ]]></description>
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		<slash:comments>0</slash:comments>
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