All Posts Tagged With: "RF"
(STJ) St. Jude Medical Invests in CardioMEMS
Medical devices major St. Jude Medical (STJ) has inked an agreement to invest $60 million in privately-held cardiac devices maker CardioMEMS Inc, for a 19% stake in the entity. The deal also includes an exclusive...
(JPM) U.S. Federal Deposit Insurance Corporation’s Problem Bank List Grows – More Banks Go Bust
According to a government report released on Tuesday, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter. This is the highest...
(WABC) U.S. Economy Hits 118 Bank Failures in 2010
The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared...
(JPM) U.S. Bank Failures in 2010 Now Total 110
U.S. regulators on Friday shuttered Palos Heights, Illinois-based Palos Bank and Trust Company, pushing up U.S. bank failures to 110 so far in 2010. This compares with 140 bank failures in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of...
(JPM) Ravenswood Bank Based in Chicago Fails – Becomes 109th U.S. Failure in 2010
U.S. regulators on Friday shuttered Chicago, Illinois-based Ravenswood Bank, pushing up U.S. bank failures to 109 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of...
(MCO) Rating Outlook Falls for Big Banks
The rating outlooks for big banks have been lowered by Moody’s Investor Service, a part of Moody’s Corporation (MCO). The rating agency has tempered its outlook for Bank of America Corporation...
(RF) Regions Financial’s Earnings Losses Narrower than Estimated
Regions Financial’s (RF) second quarter loss came in at 11 cents per share, better than the Zacks Consensus Estimate of a loss of 20 cents per share. Last year, the company reported a loss of 28 cents per...
(JPM) U.S. Bank Failures in 2010 Climbs to 90
Bank failures continue unabated as the U.S. regulators closed down four more banks on Friday. Out of the four failed banks, two were based in Maryland and one each in Oklahoma and New York. This brings the total number of bank failures to 90 so far in 2010, compared to 140...
(IBM) International Business Machines Collaborate with WiSpry
International Business Machines Corp. (IBM) announced collaboration with WiSpry, Inc., a leader in tunable radio frequency (RF) semiconductor products for the wireless industry. WiSpry’s tunable RF devices...
(BP) 2010 U.S. More Bank Failures Hit 86
The ongoing economic volatility has taken its toll on a few more banks last week. On Friday, three more were shuttered by U.S. regulators. These three banks were based in Florida, Georgia and New Mexico. The total number of bank failures goes up to 86 so far in 2010, compared...
(JPM) In 2010 U.S. Bank Failures Rise to 83
U.S. regulators on Friday shuttered Reno, Nevada-based Nevada Security Bank, pushing up U.S. bank failures to 83 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of...
(JPM) U.S. Bank Failures in 2010 Increase to 81
Bank failures continue unabated as the U.S. regulators closed down three more banks in Mississippi, Illinois and Nebraska on Friday, pushing up the figure to 81 so far in 2010. This compares with a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although...
(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far
The ongoing economic volatility has taken its toll on another set of banks last week. On Friday, five more were shuttered by U.S. regulators. Out of the five failed banks, three were based in Florida and one each in Nevada and California. This brings the total number of bank...
(JPM) U.S. Bank Failures in 2010 Increase to Seventy-Three
U.S. regulators on Friday shuttered St. Paul, Minnesota-based Pinehurst Bank, pushing up U.S. bank failures to 73 so far in 2010. This compares to bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although the economy is showing signs of a gradual recovery...
(RF) Regions Financial Accounting Charge-offs to Peak
In a recent investor conference, Regions Financial Corp. (RF) said that the company expects its charge-offs to peak in the upcoming quarter. The company expects charge-offs near the midpoint of a range of $3.4...
(JPM) FDIC Report Shows Big Banks Boost Industry Profit $$
Following the dreadful phase of the economic downturn, the banking industry’s profits soared during the first quarter of 2010. However, this was primarily led by the big banks, while small banks remained strained due to deteriorating credit conditions.
According to...
(JPM) U.S. Bank Failures in 2010 Rises to 72
On Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Georgia, Illinois, Michigan and Missouri. This brings the total number of bank failures to 72 so far in 2010, compared to 140 in 2009, 25 in 2008 and 3 in 2007.
Although the...
(JPM) U.S. Bank Failures Now Total 64 in 2010
A capricious economy triggered another set of bank failures last week. On Friday, seven more banks were shuttered by U.S. regulators. Out of the seven failed banks, three were in Puerto Rico, two in Missouri and one each in Michigan and Washington. This brings the total number...
(JPM) Seven More U.S. (Chicago-Area) Banks Fail
U.S. regulators on Friday shuttered seven more banks in Illinois, pushing up U.S. bank failures to 57 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.??Although the economy is showing signs of a gradual recovery...
(RF) Regions Financial’s Earnings Report Tops Expectations
Regions Financial Corp.’s (RF) first quarter loss came in at 21 cents per share, better than the Zacks Consensus Estimate of a loss of 27 cents. Results for the quarter improved due primarily to lower-than-expected...
(PBCT) U.S. Regulators Close Eight More Banks on Friday – 2010 Tally Hits Fifty
U.S. regulators on Friday shuttered eight more banks in Florida, California, Massachusetts, Michigan and Washington, pushing up U.S. bank failures to 50 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although...
($JPM) Year 2010 U.S Bank Failures Hit 42
U.S. regulators on Friday shuttered Myrtle Beach, South Carolina-based Beach First National Bank, pushing up U.S. bank failures to 42 so far in 2010. This compares to a total number of bank failures of 140 in 2009, 25 in 2008 and only 3 in 2007.
Although the economy...
(RF) Regions Financial Unit Morgan Keegan Hit with Charges
On Wednesday, Regions Financial Corporation’s (RF) securities brokerage unit, Morgan Keegan was accused of misrepresenting fraudulent investments in risky securities by four state regulators, the Securities...
(JPM) U.S. Bank Failures Accelerate in 2010
Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered four...
(JPM) U.S. Bank Failure Tally Hits 37 in 2010
Although the economy is showing signs of a gradual recovery with large financial institutions stabilizing, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks.
As...
(RF) Regions Financial Has Debt Rating Lowered by Standard and Poor’s
In yet another sign of dwindling confidence about the company’s performance, Standard and Poor’s (S&P) on Friday lowered the ratings of Regions Financial Corp. (RF) to “BBB-” from “BBB.”
Regions,...
(JPM) U.S. Bank Failures Climb to 30 in 2010
Although the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered...
($C) U.S. Treasury Reports That New Loans Fall at TARP Banks
The U.S. Treasury said on Monday that new loans at nine major banks, which received significant government aid through the Troubled Asset Relief Program (TARP) during the height of the financial crisis and have not repaid yet, tumbled in Jan 2010.
In its monthly survey...
(RF) Regions Financial’s Morgan Keegan Faces Charges (revised)
Morgan Keegan, a securities brokerage unit of Regions Financial Corp. (RF), has been slapped with charges amounting to $3.6 million in relation with two arbitration cases that were filed against it by two bond...
(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010
Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered...