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	<title>Stock Blog Hub &#187; JPMorgan Chase &amp; Co</title>
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		<title>(WSH) Willis Group Holdings Limited Offers Senior Notes</title>
		<link>http://www.stockbloghub.com/2009/09/24/wsh-willis-group-holdings-limited-offers-senior-notes/16011</link>
		<comments>http://www.stockbloghub.com/2009/09/24/wsh-willis-group-holdings-limited-offers-senior-notes/16011#comments</comments>
		<pubDate>Thu, 24 Sep 2009 20:01:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Willis Group Holdings Ltd.]]></category>
		<category><![CDATA[WSH]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=16011</guid>
		<description><![CDATA[Willis North America Inc., a subsidiary of Willis Group Holdings Limited (WSH)  has priced its $300 million worth of senior unsecured notes due 2019 at 7.0%. The notes which are guaranteed by Willis Group Holdings carry ratings of Baa3 of Moody’s and BBB- of S&#38;P. Bank of America (BAC) and JPMorgan Chase (JPM) were the joint book running managers for the sale. Willis intends to use the net proceeds from this offering to purchase any and all of Willis North America&#8217;s outstanding 5.125% senior notes due 2010 that are tendered and accepted in a separate offering. Any remaining proceeds will then be used for general corporate purposes. Willis Group Holdings’ second-quarter profit of 52 cents per share was just a penny ahead of Zacks Consensus Estimate. Results reflected growth in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/24/wsh-willis-group-holdings-limited-offers-senior-notes/16011/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PALM) Palm Raises Public Offering to 20 Million Shares</title>
		<link>http://www.stockbloghub.com/2009/09/24/palm-palm-raises-public-offering-to-20-million-shares/15977</link>
		<comments>http://www.stockbloghub.com/2009/09/24/palm-palm-raises-public-offering-to-20-million-shares/15977#comments</comments>
		<pubDate>Thu, 24 Sep 2009 19:52:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[Apple Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[PALM]]></category>
		<category><![CDATA[Research In Motion Ltd.]]></category>
		<category><![CDATA[RIMM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15977</guid>
		<description><![CDATA[Palm Inc. (PALM) today raised its secondary offering of approximately 16 million shares of common stock (as announced on September 17) to 20 million shares. The company priced the offering at $16.25 per share. Upon the closing of the offering, Palm expects to receive net proceeds of approximately $313.1 million, which will be used for working capital and general corporate purposes. The company may receive $359.9 million in case the over-allotment option is exercised in full. The company also said that the underwriters have an option to purchase up to 3 million additional shares to cover over-allotments. Venture capital firm Elevation Partners, which owns a stake in Palm, plans to buy $35 million of shares in the sale. Goldman Sachs (GS) and J.P. Morgan (JPM) are serving as the joint ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/24/palm-palm-raises-public-offering-to-20-million-shares/15977/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($JPM) Will the Federal Deposit Insurance Corporation Borrow From Banks?</title>
		<link>http://www.stockbloghub.com/2009/09/23/jpm-will-the-federal-deposit-insurance-corporation-borrow-from-banks/15894</link>
		<comments>http://www.stockbloghub.com/2009/09/23/jpm-will-the-federal-deposit-insurance-corporation-borrow-from-banks/15894#comments</comments>
		<pubDate>Wed, 23 Sep 2009 19:13:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></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=15894</guid>
		<description><![CDATA[About a year ago, during the height of the crisis, the government started bailing out the banks to help revive deteriorating credit and lending markets, but the situation is going to be reversed as the regulators are considering asking healthy banks to bail out the government soon, in order to replenish the declining fund of the Federal Deposit Insurance Corporation (FDIC) that insures regular deposit accounts when banks fail. The tally of failed federally insured banks has reached 94 so far this year, causing a rapid decline in the FDIC’s deposit insurance fund as it has been appointed receiver for these banks. Despite imposing a special assessment charge on banks a few months ago, the FDIC’s cash balance now stands at a third of its size at the start of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/23/jpm-will-the-federal-deposit-insurance-corporation-borrow-from-banks/15894/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WYNN) Wynn Plans Initial Public Offering for Macau Unit</title>
		<link>http://www.stockbloghub.com/2009/09/22/wynn-wynn-plans-initial-public-offering-for-macau-unit/15818</link>
		<comments>http://www.stockbloghub.com/2009/09/22/wynn-wynn-plans-initial-public-offering-for-macau-unit/15818#comments</comments>
		<pubDate>Tue, 22 Sep 2009 20:53:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Las Vegas Sands Corp.]]></category>
		<category><![CDATA[LVS]]></category>
		<category><![CDATA[UBS]]></category>
		<category><![CDATA[UBS AG]]></category>
		<category><![CDATA[WYNN]]></category>
		<category><![CDATA[Wynn Resorts Ltd.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15818</guid>
		<description><![CDATA[Wynn Resorts (WYNN) is planning to raise up to $1.6 billion in its Hong Kong initial public offering (IPO) for its Macau unit, which represents an increase from $1.0 billion as previously intended. Wynn intends to offer 1.25 billion shares, representing 25% of the equity in the company&#8217;s Macau operations. The price range of the offer is HK$8.52–$10.08 per share or US $1.10–$1.30. JP Morgan (JPM), UBS AG (UBS) and Morgan Stanley have been chosen to handle this Hong Kong listing. Wynn Encore Macau, the company’s second resort in Macau, is scheduled to open in the first half of 2010. The company has budgeted around $650 million for the construction of this resort and so far has incurred about half of that construction cost. Las Vegas Sands (LVS), Wynn’s rival, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/22/wynn-wynn-plans-initial-public-offering-for-macau-unit/15818/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) 94 Bank Failures So Far in 2009</title>
		<link>http://www.stockbloghub.com/2009/09/22/jpm-94-bank-failures-so-far-in-2009/15793</link>
		<comments>http://www.stockbloghub.com/2009/09/22/jpm-94-bank-failures-so-far-in-2009/15793#comments</comments>
		<pubDate>Tue, 22 Sep 2009 20:44:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Mb Financial Inc]]></category>
		<category><![CDATA[MBFI]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15793</guid>
		<description><![CDATA[Regulators shut down 2 more banks in Kentucky and Indiana; tally hits 94 this year U.S. regulators on Friday shuttered two more banks in Kentucky and Indiana as the recession continues to weigh heavily on banks. Both of the failed banks were run by Columbus, Indiana-based Irwin Financial Corporation. This takes the total number of failed federally insured banks this year to 94, compared to 25 in 2008 and 3 in 2007. The failed banks were &#8212; Kentucky-based Irwin Union Bank FSB, with $493 million in assets and $441 million in deposits, and Columbus, Ind.-based Irwin Union Bank and Trust Company, with $2.7 billion in assets and $2.1 billion in deposits as of August 31, 2009. The banks operated a combined 27 branches in nine U.S. states. Failure of these ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/22/jpm-94-bank-failures-so-far-in-2009/15793/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>SunTrust Banks To Repay TARP Loan</title>
		<link>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425</link>
		<comments>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425#comments</comments>
		<pubDate>Thu, 17 Sep 2009 17:56:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Independent Oil & Gas]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></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=15425</guid>
		<description><![CDATA[The Chief Executive Officer [CEO] of SunTrust Banks Inc. (STI) said on Tuesday that the bank will repay the fund it received for its participation in the Troubled Asset Relief Program (TARP) as soon as it gets the regulator’s permission. The CEO also added that the credit condition of the bank is achieving stability. SunTrust has received $4.9 billion as part of the government&#8217;s $700 billion bailout program. The bank now sees the bailout money as expensive debt rather than equity as it pays an 8% dividend on the preferred shares it sold to the U.S. government. Government regulators will probably want to see the credit condition of the bank before permitting it to repay the bailout money as the stress test projected that SunTrust&#8217;s loan losses could reach $11.8 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/17/suntrust-banks-to-repay-tarp-loan/15425/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFSL) Washington Federal Offers $300 mln Shares</title>
		<link>http://www.stockbloghub.com/2009/09/16/wfsl-washington-federal-offers-300-mln-shares/15259</link>
		<comments>http://www.stockbloghub.com/2009/09/16/wfsl-washington-federal-offers-300-mln-shares/15259#comments</comments>
		<pubDate>Wed, 16 Sep 2009 17:17:35 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Savings & Loans]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Washington Federal Inc]]></category>
		<category><![CDATA[WFSL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15259</guid>
		<description><![CDATA[Washington Federal Inc. (WFSL) initiated an underwritten public offering of $300 million of its common stock on Monday. The company plans to use proceeds from the offering for general corporate purposes Incorporatedluding capital to support growth and acquisition opportunities. The net proceeds would also qualify as both tangible common equity and regulatory Tier 1 capital. JPMorgan Securities Inc., a non-banking subsidiary of JPMorgan Chase &#38; Co. (JPM), is acting as the sole book-running manager for the offering. D.A. Davidson &#38; Co. and McAdams Wright Ragen are acting as co-managers. The underwriters will probably get a 30-day option to purchase up to an additional 15% of the shares offered to cover overallotments, if any. The secondary market for subprime and other non-conforming mortgage loans collapsed during the recent market volatility and ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/wfsl-washington-federal-offers-300-mln-shares/15259/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AXP) American Express Diversifies Funding</title>
		<link>http://www.stockbloghub.com/2009/09/16/axp-american-express-diversifies-funding/15256</link>
		<comments>http://www.stockbloghub.com/2009/09/16/axp-american-express-diversifies-funding/15256#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:34:01 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></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[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15256</guid>
		<description><![CDATA[On Monday, American Express Co. (AXP) launched a new line of certificates of deposit (CD) in order to diversify its funding sources as the financial crisis has tightened overall lending. The saving lines are available in a range of maturities from three months to five years. The Federal Deposit Insurance Corporation (FDIC) will insure these saving lines by up to $250,000. Failing financial institutions have significantly stretched the regulator&#8217;s deposit insurance fund. The FDIC insures deposits at 8,195 institutions with roughly $13.5 trillion in assets. When a bank fails, it reimburses customers for deposits of up to $250,000 per account. As of June 30, the fund corpus had touched $10.4 billion, the lowest since 1993, from $13 billion in the prior quarter. Like other credit card issuers, American Express has ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/axp-american-express-diversifies-funding/15256/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(CUZ) Cousins Properties Inc to Record Charge in Q3</title>
		<link>http://www.stockbloghub.com/2009/09/16/cuz-cousins-properties-inc-to-record-charge-in-q3/15267</link>
		<comments>http://www.stockbloghub.com/2009/09/16/cuz-cousins-properties-inc-to-record-charge-in-q3/15267#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:30:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Cousins Properties Inc.]]></category>
		<category><![CDATA[CUZ]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15267</guid>
		<description><![CDATA[Real estate investment trust Cousins Properties Inc. (CUZ) recently said it would record an impairment charge of $39 million, or 74 cents per share, in the third quarter relating to its joint venture interest in Terminus 200. This 565,000 square feet office building in Atlanta, in which Cousins holds a 50% stake, was completed last month. The company said the impairment charge would not impact its ownership interest in the project and it would continue to be the property manager and leasing agent of the asset. In a separate development, Cousins announced a public offering of 32 million common shares and an underwriter option to purchase an additional 4.8 million shares. The company plans to use the proceeds to repay its debt under the revolving credit facility and for general ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/16/cuz-cousins-properties-inc-to-record-charge-in-q3/15267/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(BAC) Bank of America to De-TARP in Installments</title>
		<link>http://www.stockbloghub.com/2009/09/16/bac-bank-of-america-to-de-tarp-in-installments/15306</link>
		<comments>http://www.stockbloghub.com/2009/09/16/bac-bank-of-america-to-de-tarp-in-installments/15306#comments</comments>
		<pubDate>Wed, 16 Sep 2009 16:20:19 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BK]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[State Street Corporation]]></category>
		<category><![CDATA[STT]]></category>
		<category><![CDATA[The Bank of New York Mellon Co]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15306</guid>
		<description><![CDATA[The Chief Financial Officer (CFO) of Bank of America Corporation (BAC) said Tuesday that the bank is expected to repay the bailout money it has received from the government in relation to its participation in the Troubled Asset Relief Program (TARP) in installments. The government is also pushing the bank to pay at least $500 million to conclude a tentative pact in which the government agreed to share losses on certain BofA assets. The installment payments would enable BofA to gradually reduce government involvement in its affairs. However, unlike the other banks, BofA does not intend to repay its entire $45 billion support from the TARP in lump sum, as it has faced mounting loan losses as more customers default. But it may start with the repayment of $20 billion, ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Obama On the Street</title>
		<link>http://www.stockbloghub.com/2009/09/15/aig-obama-on-the-street/15174</link>
		<comments>http://www.stockbloghub.com/2009/09/15/aig-obama-on-the-street/15174#comments</comments>
		<pubDate>Tue, 15 Sep 2009 16:57:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15174</guid>
		<description><![CDATA[Today, President Obama went to Wall Street and gave a speech at Federal Hall. Below I present key sections of the speech an my reaction to them.  The full speech can be accessed here. &#8220;It was one year ago today that we experienced just such a crisis. As investors and pension-holders watched with dread and dismay, and after a series of emergency meetings often conducted in the dead of the night, several of the world&#8217;s largest and oldest financial institutions had fallen, either bankrupt, bought or bailed out: Lehman Brothers, Merrill Lynch, AIG (AIG), Washington Mutual, Wachovia. A week before this began, Fannie Mae (FNM) and Freddie Mac (FRE) had been taken over by the government. Other large firms teetered on the brink of insolvency. Credit markets froze as banks ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(TXT) Textron Issues $600 Million in Notes</title>
		<link>http://www.stockbloghub.com/2009/09/15/txt-textron-issues-600-million-in-notes/15207</link>
		<comments>http://www.stockbloghub.com/2009/09/15/txt-textron-issues-600-million-in-notes/15207#comments</comments>
		<pubDate>Tue, 15 Sep 2009 16:51:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[BARC]]></category>
		<category><![CDATA[Barclays plc]]></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 & Co]]></category>
		<category><![CDATA[Textron Inc.]]></category>
		<category><![CDATA[TXT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15207</guid>
		<description><![CDATA[On Sep 14, 2009, Textron Inc. (TXT) sold notes in two parts worth $600 million. The size of the deal represents a 20% increase from the originally planned $500 million. Bank of America Corporation (BAC), Goldman Sachs Group Inc. (GS), JPMorgan Chase &#38; Co. (JPM) were the joint book-running managers for the sale. Barclays (BARC) and Citigroup Inc. (C) also acted as the joint passive book-running managers for the sale. The notes belonging to the first tranche worth $350 million were issued at a discount at $99.881 and are expected to yield a (yield to maturity) YTM of 6.226%. The notes carry a coupon rate of 6.20% and will mature on Mar 15, 2015. The notes will pay coupons semi-annually with the first payment expected on Mar 15, 2010. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/txt-textron-issues-600-million-in-notes/15207/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>($JPM) JP Morgan Chase &amp; Co. Powers Up Arizona</title>
		<link>http://www.stockbloghub.com/2009/09/14/jpm-jp-morgan-chase-co-powers-up-arizona/15128</link>
		<comments>http://www.stockbloghub.com/2009/09/14/jpm-jp-morgan-chase-co-powers-up-arizona/15128#comments</comments>
		<pubDate>Mon, 14 Sep 2009 21:13:34 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15128</guid>
		<description><![CDATA[On Friday, JP Morgan Chase &#38; Co. (JPM) said it increased loans and lines of credit to firms based in Arizona during the second quarter. The loan amount increased to about $400 million, which served more than 830 small and medium-sized Arizona businesses. According to JP Morgan, it extended $338 million for 598 loans to mid-sized companies, corporations and government and non-profit agencies, up 58% sequentially. The total loan origination increased 49% sequentially to $59.9 million in 236 small business loans. During the quarter, the company lent nearly $150 billion nationally to consumers, corporations, small businesses, municipalities and non-profit organizations. It also directed approximately $15.1 billion to small and medium-sized firms across the country, up 50% from the prior quarter. After providing $5.3 billion in auto loans and leases to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/14/jpm-jp-morgan-chase-co-powers-up-arizona/15128/feed</wfw:commentRss>
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		<title>(MBFI) Corus Bankshares Fails &#8211; 92 Total This Year</title>
		<link>http://www.stockbloghub.com/2009/09/14/mbfi-corus-bankshares-fails-92-total-this-year/15091</link>
		<comments>http://www.stockbloghub.com/2009/09/14/mbfi-corus-bankshares-fails-92-total-this-year/15091#comments</comments>
		<pubDate>Mon, 14 Sep 2009 17:37:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Mb Financial Inc]]></category>
		<category><![CDATA[MBFI]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corp.]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15091</guid>
		<description><![CDATA[Regulators shut down 3 more banks including Corus; total failed banks in &#8217;09 reach 92 Three more banks including Corus Bank NA, a subsidiary of Corus Bankshares (CORS), were shuttered by the U.S. regulators on Friday as the recession continues to take its toll on banks. This takes the total number of failed federally insured banks in this year to 92, compared to 25 in 2008 and 3 in 2007. Based in Chicago, the Corus Bank was a major lender to condominium, office and hotel projects. Corus is one of the largest banks to fail this year, with about $7 billion in total assets, $7 billion in deposits and 11 branches. Two other small banks were Lacey, WA-based Venture Bank, with $970 million in assets and $903 million in deposits ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/14/mbfi-corus-bankshares-fails-92-total-this-year/15091/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(JPM) Economy Out of the Woods?</title>
		<link>http://www.stockbloghub.com/2009/09/11/jpm-economy-out-of-the-woods/14959</link>
		<comments>http://www.stockbloghub.com/2009/09/11/jpm-economy-out-of-the-woods/14959#comments</comments>
		<pubDate>Fri, 11 Sep 2009 22:00:22 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[AXP]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Capital One Financial Corp.]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[FNM]]></category>
		<category><![CDATA[FRE]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[MCO]]></category>
		<category><![CDATA[Moody's Corp.]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></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=14959</guid>
		<description><![CDATA[After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP), a lot has improved with respect to the economic crisis. Though the economy is in far better shape now than a year ago, there are persistent problems which need to be addressed by the government before shifting the strategy to growth. We believe that the U.S. economy will regain the growth momentum once these issues are resolved. On Thursday, U.S. Treasury Secretary Timothy Geithner said that the government won&#8217;t provide additional funds to stabilize the financial markets and the government’s economic team has removed a $750 billion line item from the federal budget projections, since it is unlikely to be necessary. The TARP panel members, however, are not happy as most of the taxpayer-provided money was ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/11/jpm-economy-out-of-the-woods/14959/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(WFC) Wells Fargo &amp; Bank of America Revamp Loan Rates</title>
		<link>http://www.stockbloghub.com/2009/09/10/wfc-wells-fargo-bank-of-america-revamp-loan-rates/14886</link>
		<comments>http://www.stockbloghub.com/2009/09/10/wfc-wells-fargo-bank-of-america-revamp-loan-rates/14886#comments</comments>
		<pubDate>Fri, 11 Sep 2009 01:50:13 +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 & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14886</guid>
		<description><![CDATA[Wells Fargo &#38; Company (WFC) and Bank of America Corporation (BAC) showed impressive improvements in their loan-modification rates in August 2009 after experiencing poor rates in July 2009. However, both Wells Fargo and Bank of America still remain way behind their competitors such as JP Morgan Chase &#38; Co. (JPM), but both have ramped up refinancing efforts significantly. Wells loan-modification rates increased 64%, completing 33,172 modifications under the Home Affordable Modification Program (HAMP) by the end of August. On the other hand, Bank of America more than doubled its loan-modification rates, completing 59,891 modifications. HAMP is a Government-sponsored program that aims at helping people who can no longer afford to make their monthly mortgage payments. Wells Fargo expects to exceed its goal under the program, which is about 60,000 modifications. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/10/wfc-wells-fargo-bank-of-america-revamp-loan-rates/14886/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(JPM) JPMorgan Chase Advances Dedicated Prime Brokerage Team</title>
		<link>http://www.stockbloghub.com/2009/09/10/jpm-jpmorgan-chase-advances-dedicated-prime-brokerage-team/14833</link>
		<comments>http://www.stockbloghub.com/2009/09/10/jpm-jpmorgan-chase-advances-dedicated-prime-brokerage-team/14833#comments</comments>
		<pubDate>Thu, 10 Sep 2009 21:42:47 +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 & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14833</guid>
		<description><![CDATA[JPMorgan Chase &#38; Co. (JPM) on Wednesday said a team would now be dedicated for delivering its integrated prime brokerage and custody platform to clients. The team, Prime-Custody Solutions Group, will serve hedge funds and asset managers who look for a combination of prime brokerage capabilities and securities services. Bear Stearns was one of the only prime brokers that had offered custody benefits to clients since 1997. The prime brokerage flourished after it was acquired by JPMorgan. Its Treasury &#38; Securities Services division now manages $13.7 trillion in assets under custody and is the industry leader in prime brokerage and custody businesses. The new development will further expand its product offering and deliver additional benefits to clients in a more efficient manner. As a result, it will be able to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/10/jpm-jpmorgan-chase-advances-dedicated-prime-brokerage-team/14833/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(GE) FDIC May Extend Debt Guarantees</title>
		<link>http://www.stockbloghub.com/2009/09/10/ge-fdic-may-extend-debt-guarantees/14827</link>
		<comments>http://www.stockbloghub.com/2009/09/10/ge-fdic-may-extend-debt-guarantees/14827#comments</comments>
		<pubDate>Thu, 10 Sep 2009 21:24:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Conglomerates]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14827</guid>
		<description><![CDATA[The Federal Deposit Insurance Corporation (FDIC) may offer a six-month emergency extension to its debt-guarantee component of the Temporary Liquidity Guarantee Program (TLGP) that guarantees more than $270 billion of debt sold by U.S. banks. The FDIC is considering two alternatives. Under the first, as planned, the program would expire October 31st with the FDIC&#8217;s guarantee for such debt issued through the program expiring before December 31, 2012. According to the second, the debt guarantee program will end October 31, but for an emergency, the FDIC would extend the guarantee facility by six months. The proposed extension is intended to address emergency circumstances for insured depository institutions and some other entities participating in the program. Institutions would have to apply to the FDIC for approval to participate in the extended ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/10/ge-fdic-may-extend-debt-guarantees/14827/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(AXP) Standard &amp; Poor&#8217;s Expects to See Higher Credit Card Losses</title>
		<link>http://www.stockbloghub.com/2009/09/09/axp-standard-poors-expects-to-see-higher-credit-card-losses/14784</link>
		<comments>http://www.stockbloghub.com/2009/09/09/axp-standard-poors-expects-to-see-higher-credit-card-losses/14784#comments</comments>
		<pubDate>Thu, 10 Sep 2009 02:23:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></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 Corp.]]></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 & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14784</guid>
		<description><![CDATA[On Sept. 8, Standard &#38; Poor&#8217;s (S&#38;P) announced that U.S. credit card losses declined in July 2009. However, at the same time it anticipates that the forecasted bad loans would soon resume their upward trend as unemployment continues to escalate. The ratings agency&#8217;s credit card quality index, which measures credit card loans that banks expect would default, fell to 9.8% in July from a record high of 10.4% in June, aided by cautious spending by consumers. Furthermore, loan losses also decreased as consumers used more tax refunds to pay down debts. However, the S&#38;P warns that credit card losses will escalate again as the economy continues to shed thousands of jobs every month with unemployment rate at a 26-year high of 9.7% in August, 2009. S&#38;P expects credit card loss ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/09/axp-standard-poors-expects-to-see-higher-credit-card-losses/14784/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Big Banks Commit to Transparency</title>
		<link>http://www.stockbloghub.com/2009/09/09/bac-big-banks-commit-to-transparency/14696</link>
		<comments>http://www.stockbloghub.com/2009/09/09/bac-big-banks-commit-to-transparency/14696#comments</comments>
		<pubDate>Wed, 09 Sep 2009 21:32:12 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></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[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14696</guid>
		<description><![CDATA[Following the U.S. Treasury’s announcement last week requiring the world’s banks to maintain stronger capital and liquidity standards by the end of next year to prevent a re-run of the global financial crisis, 15 large banks that control the majority of derivative trading worldwide have committed themselves to maintaining greater transparency in a $600 trillion market that needs stricter oversight in the interest of the global financial system. As part of a series of voluntary steps by the banks to expand the use of clearing houses for the over-the-counter market in derivatives, the international banking group on Tuesday made the commitment for targets in expanded central clearing systems to the Federal Reserve Bank of New York. Bank of America Corporation (BAC), Citigroup Inc. (C), Deutsche Bank AG (DB), Goldman Sachs ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/09/bac-big-banks-commit-to-transparency/14696/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Ruthless Defaults on Credit Cards</title>
		<link>http://www.stockbloghub.com/2009/09/09/bac-ruthless-defaults-on-credit-cards/14725</link>
		<comments>http://www.stockbloghub.com/2009/09/09/bac-ruthless-defaults-on-credit-cards/14725#comments</comments>
		<pubDate>Wed, 09 Sep 2009 21:20:58 +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[Capital One Financial Corp.]]></category>
		<category><![CDATA[COF]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14725</guid>
		<description><![CDATA[Banks are trying to recoup some of their massive losses on bad loans by increasing their rates on credit cards and collecting huge overdraft fees on people who use debit cards and pull too much out.  There is an interesting article in today’s New York Times on debit card overdrafts. However, what got my attention was the YouTube video below by a woman protesting the increase in credit card rates by Bank of America (BAC). Essentially she is telling the bank that she is going to ruthlessly default, unless they return her card rate to its previous level (not stated, from the new rate of over 30%). The YouTube clip can be seen here. While I found much of her rhetoric over the top, she is making a very good ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/09/bac-ruthless-defaults-on-credit-cards/14725/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GSBC) Five More Banks Fail</title>
		<link>http://www.stockbloghub.com/2009/09/08/gsbc-five-more-banks-fail/14573</link>
		<comments>http://www.stockbloghub.com/2009/09/08/gsbc-five-more-banks-fail/14573#comments</comments>
		<pubDate>Wed, 09 Sep 2009 00:14:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Southwest Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[Fifth Third Bancorp]]></category>
		<category><![CDATA[FITB]]></category>
		<category><![CDATA[Great Southern Bancorp Inc.]]></category>
		<category><![CDATA[GSBC]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Mb Financial Inc]]></category>
		<category><![CDATA[MBFI]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14573</guid>
		<description><![CDATA[Three more banks and two thrifts in U.S. fail, tally reaches 89 this year The recession continues to weigh heavily on banks as U.S. regulators on Friday shuttered five more institutions in Missouri, Illinois, Iowa and Arizona. This takes the total number of failed federally insured banks this year to 89, compared to 25 in 2008 and 3 in 2007. Among the failed institutions two were in Illinois – Oak Forest-based InBank, with $212 million in assets and $199 million in deposits, and Rolling Meadows-based Platinum Community Bank, with $346 million in assets and $305 million in deposits. The other three were Kansas City, MO-based First Bank of Kansas City, with $16 million in assets and $15 million in deposits; Sioux City, IA-based Vantus Bank with $458 million in assets ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>($USB) US Bancorp Backs CA IOUs</title>
		<link>http://www.stockbloghub.com/2009/09/08/usb-us-bancorp-backs-ca-ious/14582</link>
		<comments>http://www.stockbloghub.com/2009/09/08/usb-us-bancorp-backs-ca-ious/14582#comments</comments>
		<pubDate>Tue, 08 Sep 2009 23:43:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Midwest Banks]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></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=14582</guid>
		<description><![CDATA[US Bancorp (USB) on Friday said it will start accepting California state-issued IOUs or registered warrants from customers as deposit from Sept. 8. It will receive IOUs till the close of business on Friday, Oct. 9 and credit interest owed on the IOUs to customers’ accounts within 30 days of the deposit. The IOUs will only be accepted into accounts opened before Aug. 31, 2009 and third-party registered warrants will not be accepted. This accommodation for clients will not include correspondent banks, money service businesses or any client engaged in purchasing or consolidating registered warrants for deposit. The bank will also advise customers on redeeming the papers directly with the State Treasurer’s Office. Last week, Bank of America (BAC) and Wells Fargo (WFC) said they will also start accepting the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/08/usb-us-bancorp-backs-ca-ious/14582/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Banks to Begin Accepting California IOUs Again</title>
		<link>http://www.stockbloghub.com/2009/09/03/bac-banks-to-begin-accepting-california-ious-again/14322</link>
		<comments>http://www.stockbloghub.com/2009/09/03/bac-banks-to-begin-accepting-california-ious-again/14322#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:25:13 +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[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14322</guid>
		<description><![CDATA[Bank of America Corporation (BAC) and Wells Fargo &#38; Co. (WFC) said on Wednesday that they will start accepting California state-issued IOUs from customers as deposit, which both banks had stopped accepting in early July. According to the State Treasurer, these actions by Bank of America and Wells Fargo would make it easier for many people and businesses to deposit IOUs. To conserve declining cash during its recent budget crisis, the state had issued the IOUs, or registered warrants, in July at a coupon rate of 3.75%. California started issuing IOUs to taxpayers, vendors and local governments on July 2. Through Monday, the state had issued 457,238 IOUs totaling more than $2.37 billion. Banks, which had first refused to take part in the delayed payouts, began to participate once California ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/03/bac-banks-to-begin-accepting-california-ious-again/14322/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Bank of America Retains Top Rank by Total Assets</title>
		<link>http://www.stockbloghub.com/2009/09/03/bac-bank-of-america-retains-top-rank-by-total-assets/14330</link>
		<comments>http://www.stockbloghub.com/2009/09/03/bac-bank-of-america-retains-top-rank-by-total-assets/14330#comments</comments>
		<pubDate>Thu, 03 Sep 2009 21:11:18 +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[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14330</guid>
		<description><![CDATA[Based on a ranking analysis released on Wednesday by Virginia-based research firm SNL Financial, Bank of America Corporation (BAC) still remains the highest ranked banking institution in U.S. by second-quarter total assets. The analysis was based on the filings of Federal Deposit Insurance Corporation (FDIC). According to the filing, as of June 30, 2009, Bank of America has total assets of $2.3 trillion and total deposits of $971 billion. Earlier this week, Bank of America offered to repay a part of the $45 billion it had received from the U.S. government in relation to its participation in the Troubled Asset Relief Program (TARP). Also, the repayment offer was aimed to end a loss-sharing deal with the government related to its acquisition of Merrill Lynch &#38; Co. The completion of the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/03/bac-bank-of-america-retains-top-rank-by-total-assets/14330/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JPM) California to Start Revenue Anticipation Notes Sale</title>
		<link>http://www.stockbloghub.com/2009/09/02/jpm-california-to-start-revenue-anticipation-notes-sale/14278</link>
		<comments>http://www.stockbloghub.com/2009/09/02/jpm-california-to-start-revenue-anticipation-notes-sale/14278#comments</comments>
		<pubDate>Thu, 03 Sep 2009 01:27:47 +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>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14278</guid>
		<description><![CDATA[During the period of September 21-23, California plans to sell $10.5 billion of so-called revenue anticipation notes (RANs) to raise money for the state government&#8217;s cash-flow needs and repay its $1.5 billion loan from JPMorgan Chase &#38; Co. (JPM). Last week, JPMorgan purchased $1.5 billion of California’s short-term, “interim&#8221; revenue anticipation notes according to a lending agreement with the state. The amount was provided to the state to help it pay some of its recently issued IOUs during the budget crisis. To conserve declining cash during its recent budget crisis, the state had issued the IOUs at an interest rate of 3.75%. Per the contract, California will pay 3% interest to JPMorgan on those notes. The new RANs will mature next spring. The securities will be lucrative to individual investors ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/02/jpm-california-to-start-revenue-anticipation-notes-sale/14278/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BBT) Federally Insured Bank Failures Continue</title>
		<link>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914</link>
		<comments>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914#comments</comments>
		<pubDate>Mon, 31 Aug 2009 16:05:26 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Regional - Mid-Atlantic Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[PNC]]></category>
		<category><![CDATA[PNC Financial Services Group I]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[STI]]></category>
		<category><![CDATA[SunTrust Banks Inc.]]></category>
		<category><![CDATA[Us Bancorp]]></category>
		<category><![CDATA[USB]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13914</guid>
		<description><![CDATA[Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to 25 in 2008 and 3 in 2007. The failed banks were Ventura, California-based Affinity Bank, with about $1 billion in assets and $922 million in deposits; Baltimore-based Bradford Bank, with $452 million in assets and $383 million in deposits; and Forest Lake, Minnesota-based Mainstreet Bank, with $459 million in assets and $434 million in deposits. Failure of these banks represents another sizable impact on the Federal Deposit Insurance Corporation’s (FDIC) fund for protecting customer accounts, as it has been appointed receiver for these banks. The ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/31/bbt-federally-insured-bank-failures-continue/13914/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($JPM) JPMorgan Helps California Pay Some Outstanding IOUs</title>
		<link>http://www.stockbloghub.com/2009/08/28/jpm-jpmorgan-helps-california-pay-some-outstanding-ious/13791</link>
		<comments>http://www.stockbloghub.com/2009/08/28/jpm-jpmorgan-helps-california-pay-some-outstanding-ious/13791#comments</comments>
		<pubDate>Fri, 28 Aug 2009 23:19:00 +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 & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13791</guid>
		<description><![CDATA[California State Treasurer, Bill Lockyer, said on Thursday that JPMorgan Chase &#38; Co. (JPM) purchased $1.5 billion of California’s short-term, “interim&#8221; revenue anticipation notes according to a lending agreement with the state. The amount will provide the state with money to pay for some of its recently issued IOUs. To conserve declining cash during its recent budget crisis, the state had issued the IOUs at an interest rate of 3.75%. Per the contract, California will pay 3% interest to JPMorgan on those notes. The loan is expected to help bolster the California government&#8217;s financial position as it prepares for a multi-billion dollar sale of short-term debt next month to raise money for its cash-flow needs. Through Aug 25, California has issued 414,000 of the IOUs with a total value of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/28/jpm-jpmorgan-helps-california-pay-some-outstanding-ious/13791/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(JPM) FDIC Fund Falls</title>
		<link>http://www.stockbloghub.com/2009/08/27/jpm-fdic-fund-falls/13695</link>
		<comments>http://www.stockbloghub.com/2009/08/27/jpm-fdic-fund-falls/13695#comments</comments>
		<pubDate>Fri, 28 Aug 2009 00:16:32 +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 & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13695</guid>
		<description><![CDATA[The main purpose behind the FDIC is to insure bank deposits. To do so, it must have money available to pay off depositors. That pool of capital is rapidly draining away. The deposit insurance fund fell to $10.4 billion at the end of the second quarter from $13.0 billion at the end of the first quarter. As a percentage of insured deposits, that is down to 0.22% from 0.27% at the end of the first quarter and 1.01% a year ago. Normal is about 1.20% of deposits. (See graph below from http://www.calculatedriskblog.com/). The decline came despite a special assessment on the banks that brought in $9.1 billion in the quarter. Why? It is because of all the Friday night pizza parties Sheila Bair (head of the FDIC) has been holding. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/jpm-fdic-fund-falls/13695/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GE) General Electric to Sell Security Business</title>
		<link>http://www.stockbloghub.com/2009/08/27/ge-general-electric-to-sell-security-business/13707</link>
		<comments>http://www.stockbloghub.com/2009/08/27/ge-general-electric-to-sell-security-business/13707#comments</comments>
		<pubDate>Fri, 28 Aug 2009 00:03:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Conglomerates]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[TYC]]></category>
		<category><![CDATA[Tyco International Ltd.]]></category>
		<category><![CDATA[United Technologies Corp.]]></category>
		<category><![CDATA[UTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13707</guid>
		<description><![CDATA[General Electric (GE) is arranging to sell its security business, which makes alarms, surveillance systems and other safety products, and hopes to attract bids in the range of $2 billion for the unit. This move represents GE’s strategy of exiting from non-core businesses. GE has hired JPMorgan Chase &#38; Co. (JPM) to sell the portion of its business that makes security products. The business has drawn interest from GE’s rivals United Technologies Corp. (UTX) and Tyco International (TYC). Security assets have traditionally attracted private equity buyers, but due to the difficult economic environment and an expressed interest by GE in selling these assets to a strategic buyer, bid amounts could be depressed for such a product portfolio. It remains in question whether acquirers will be interested in GE Security’s full ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/ge-general-electric-to-sell-security-business/13707/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Thrift Industry Defies Troubles</title>
		<link>http://www.stockbloghub.com/2009/08/27/jpm-thrift-industry-defies-troubles/13605</link>
		<comments>http://www.stockbloghub.com/2009/08/27/jpm-thrift-industry-defies-troubles/13605#comments</comments>
		<pubDate>Thu, 27 Aug 2009 19:19:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Money Center Banks]]></category>
		<category><![CDATA[Banco Bilbao Vizcaya Argentari]]></category>
		<category><![CDATA[Bb&t Corporation]]></category>
		<category><![CDATA[BBT]]></category>
		<category><![CDATA[BBV]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13605</guid>
		<description><![CDATA[On Wednesday, regulators said that the US thrift industry had earned its first profit since the third quarter of 2007, but the number of troubled institutions continued to rise. Profit for the period ended June 30, 2009 was $4 million, compared to a loss of $1.62 billion sequentially and $5.4 billion in the prior-year quarter. The small profit for the quarter mainly came from higher net interest margins, lower provisions for loan losses and better fees. Although results for the quarter showed some improvement, overall performance of the industry remained uneven. Troubled assets at thrifts accounted for 3.52% of the industry&#8217;s assets, up from 3.35% in the previous quarter. However, total value of troubled assets fell to $38.6 billion from $41 billion in the earlier quarter. &#8220;Problem thrifts&#8221; on the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/jpm-thrift-industry-defies-troubles/13605/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(BAC) Are American Homes Affordable?</title>
		<link>http://www.stockbloghub.com/2009/08/25/bac-are-american-homes-affordable/13339</link>
		<comments>http://www.stockbloghub.com/2009/08/25/bac-are-american-homes-affordable/13339#comments</comments>
		<pubDate>Tue, 25 Aug 2009 20:49:20 +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 & Co]]></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=13339</guid>
		<description><![CDATA[In order to address the key problems of the current financial crisis and restore the economy, the Obama Administration introduced the Home Affordable Modification Program (HAMP) earlier this year. The program has pledged $75 billion to retain the homes of 3 to 4 million Americans by preventing avoidable foreclosures. According to the program, mortgage servicers who have received federal aid from the Troubled Asset Relief Program (TARP) need to modify the loan terms to help the housing loan borrowers avoid foreclosures. As part of their role, the servicers requires to lower monthly payments for borrowers at risk of default by lengthening repayment terms, lowering interest rates and forbearing outstanding principal, along with other methods. Also, servicers can receive a $1,000 fee for each modification completed under the program. According to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/25/bac-are-american-homes-affordable/13339/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>($AIG) Relief for U.S. Taxpayers</title>
		<link>http://www.stockbloghub.com/2009/08/24/aig-relief-for-u-s-taxpayers/13195</link>
		<comments>http://www.stockbloghub.com/2009/08/24/aig-relief-for-u-s-taxpayers/13195#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:29:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13195</guid>
		<description><![CDATA[Losses for U.S. taxpayers are expected to reduce a bit as the Federal Reserve on Friday raised the estimated value of the assets that were used to address Bear Stearns&#8217; and American International Group’s (AIG) rescues during the height of the financial crisis last year. Per the fair value concept, if sold in a systematic market on June 30, the assets would bring an incremental value. According to the Fed, a quarterly revaluation of the roughly $62 billion portfolio resulted in a net increase in fair value of $1.5 billion at the end of June. Additionally, those assets generated cash flow during the period. The Fed said that approximately $2.6 billion in cash flow generated by the assets from AIG during the second quarter had been used to repay the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/24/aig-relief-for-u-s-taxpayers/13195/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(PG) P&amp;G Finds Buyer for Drug Business</title>
		<link>http://www.stockbloghub.com/2009/08/24/pg-pg-finds-buyer-for-drug-business/13200</link>
		<comments>http://www.stockbloghub.com/2009/08/24/pg-pg-finds-buyer-for-drug-business/13200#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:22:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Personal Products]]></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[Forest Laboratories]]></category>
		<category><![CDATA[FRX]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[PG]]></category>
		<category><![CDATA[Procter & Gamble Company]]></category>
		<category><![CDATA[SJM]]></category>
		<category><![CDATA[The J. M. Smucker Company]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13200</guid>
		<description><![CDATA[Warner Chilcott, a specialty drug maker, recently announced plans to acquire Procter &#38; Gamble Co.’s (PG) prescription drug business for about $3 billion. Last December, P&#38;G had announced its intention to restrict making new investments in the pharmaceutical division and divest its interest in the healthcare brands. It decided to focus more on over-the-counter products such as Pepto Bismol, Prilosec, Vicks cough medicines and other personal care brands. Management stated that the pressure from generics was also one of the reasons for it to consider divestiture of this business. Earlier in fiscal 2008, P&#38;G sold its Folgers coffee business to J.M. Smucker Inc. (SJM) and added beauty and grooming businesses to its portfolio. The company’s prescription drugs division comprises products such as Actonel for osteoporosis (which generates more than $1 ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/24/pg-pg-finds-buyer-for-drug-business/13200/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) Federal Reserve Chief Bernanke Speaks at Jackson Hole</title>
		<link>http://www.stockbloghub.com/2009/08/21/aig-federal-reserve-chief-bernanke-speaks-at-jackson-hole/13104</link>
		<comments>http://www.stockbloghub.com/2009/08/21/aig-federal-reserve-chief-bernanke-speaks-at-jackson-hole/13104#comments</comments>
		<pubDate>Sat, 22 Aug 2009 01:57:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13104</guid>
		<description><![CDATA[In a long speech to the annual Kansas City Fed gathering at Jackson Hole, Wyoming, Fed Chief Ben Bernanke gave a history lesson about the recent financial crisis. It is worth reading in its entirety since it reminds us of just how close we came to absolute catastrophe. He recounts the demise of Lehman Brothers and the decisions to bail out Fannie Mae (FRE) and American International Group (AIG), as well as the shotgun marriages of Bank of America (BAC) with Merrill Lynch and J.P. Morgan (JPM) with Washington Mutual. The full speech can be read here: http://www.federalreserve.gov/newsevents/speech/bernanke20090821a.htm. While most of the speech focused on the recent past, he gave the following assessment of the current situation: “Overall, the policy actions implemented in recent months have helped stabilize a number ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/aig-federal-reserve-chief-bernanke-speaks-at-jackson-hole/13104/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(MS) Morgan Stanley in Hiring Mood</title>
		<link>http://www.stockbloghub.com/2009/08/21/ms-morgan-stanley-in-hiring-mood-analyst-blog/13120</link>
		<comments>http://www.stockbloghub.com/2009/08/21/ms-morgan-stanley-in-hiring-mood-analyst-blog/13120#comments</comments>
		<pubDate>Sat, 22 Aug 2009 01:53:10 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></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[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></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=13120</guid>
		<description><![CDATA[Morgan Stanley (MS) plans to hire as many as 400 traders and salespeople. The hiring spree aims at ramping up profit in the company’s emerging markets, foreign exchange, equity derivatives and prime brokerage businesses and thereby taking the company out of three straight quarters of losses. This move comes after Morgan Stanley reported a second-quarter loss, while its major competitors Goldman Sachs Group Inc. (GS) and JPMorgan Chase &#38; Co. (JPM) reported strong earnings. After last year&#8217;s meltdown of the banking sector, Morgan Stanley steered away from risky investments that led to the demise of some of its competitors. When trading opportunities picked up in the second quarter of 2009, its competitors took advantage while Morgan Stanley lagged behind as a result of maintaining a more conservative stance to survive ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/ms-morgan-stanley-in-hiring-mood-analyst-blog/13120/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(GS) Goldman Sachs Group Becomes Holding Company</title>
		<link>http://www.stockbloghub.com/2009/08/21/gs-goldman-sachs-group-becomes-holding-company/13067</link>
		<comments>http://www.stockbloghub.com/2009/08/21/gs-goldman-sachs-group-becomes-holding-company/13067#comments</comments>
		<pubDate>Fri, 21 Aug 2009 18:56:51 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></category>
		<category><![CDATA[C]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Female Health Company]]></category>
		<category><![CDATA[FHC]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13067</guid>
		<description><![CDATA[Goldman Sachs Group Inc. (GS) announced that it has received Federal Reserve’s approval on August 14, 2009 to become a financial holding company. Goldman had intended to seek FHC status when it first converted to a Bank Holding Company last year. The designation allows Goldman to continue to participate in non-banking financial activities Incorporatedluding private equity among other businesses. A financial holding company (FHC), as stated in the Gramm-Leach-Bliley Act of 1999, is a financial entity engaged in a broad range of banking-related activities that include insurance underwriting, securities dealing and underwriting, financial and investment advisory services, merchant banking, issuing or selling securitized interests in bank-eligible assets. It can also engage in any non-banking activity authorized by the Bank Holding Company Act. The Federal Reserve Board is responsible for supervising ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/gs-goldman-sachs-group-becomes-holding-company/13067/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AIG) American International Group &#8211; Politicians Monitor Health Insurers</title>
		<link>http://www.stockbloghub.com/2009/08/21/aig-american-international-group-politicians-monitor-health-insurers/13066</link>
		<comments>http://www.stockbloghub.com/2009/08/21/aig-american-international-group-politicians-monitor-health-insurers/13066#comments</comments>
		<pubDate>Fri, 21 Aug 2009 18:55:53 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Property & Casualty Insurance]]></category>
		<category><![CDATA[AET]]></category>
		<category><![CDATA[Aetna Inc.]]></category>
		<category><![CDATA[AFL]]></category>
		<category><![CDATA[AFLAC Inc.]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[American International Group,]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[CI]]></category>
		<category><![CDATA[CIGNA Corp.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Hartford Financial Services Gr]]></category>
		<category><![CDATA[HIG]]></category>
		<category><![CDATA[HUM]]></category>
		<category><![CDATA[Humana Inc.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13066</guid>
		<description><![CDATA[Democrats in Congress have asked the nation’s biggest health insurers to provide data on executive compensation and bonus, profit margins, corporate retreats and spending and premium charges as part of its investigation of the private health insurance industry. The inquiry is in an effort to change the debate to focus on health insurers rather than focusing on the solutions to health care concerns. There was also dispute over the creation of a government-run health system along private insurers. The Democrats are trying to examine whether business practices of the industry oppose Obama’s proposal for a public health insurance plan. The US House Energy and Commerce Committee chairman Henry Waxman sent letters to 52 insurance companies on Monday, asking them to provide details on CEO pay, profit and other data by ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/aig-american-international-group-politicians-monitor-health-insurers/13066/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(C) Citi Cards May Levy Annual Charges</title>
		<link>http://www.stockbloghub.com/2009/08/20/c-citi-cards-may-levy-annual-charges/12991</link>
		<comments>http://www.stockbloghub.com/2009/08/20/c-citi-cards-may-levy-annual-charges/12991#comments</comments>
		<pubDate>Fri, 21 Aug 2009 03:28:05 +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[Citigroup Inc.]]></category>
		<category><![CDATA[DFS]]></category>
		<category><![CDATA[Discover Financial Services]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12991</guid>
		<description><![CDATA[In order to offset potential losses from new legislation signed by President Obama, rising credit card defaults and increasing unemployment, Citigroup (C) is considering charging its credit card customers an annual fee. In May, the president signed the Credit Card Accountability, Responsibility and Disclosure &#8212; Credit CARD Act &#8212; of 2009 into law. The legislation will improve consumer disclosures and end some egregious practices in the credit card industry but stops short of capping interest rates and fees. Most of the provisions go into effect from Feb. 22, 2010, unless otherwise stated. Despite being touted as a victory for consumers, the bill could have unintended consequences as credit card companies look for ways to make up for potential lost revenue. Credit card companies have been gearing up for the new ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/20/c-citi-cards-may-levy-annual-charges/12991/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wells Fargo Sued for Home Credit</title>
		<link>http://www.stockbloghub.com/2009/08/20/wfc-wells-fargo-sued-for-home-credit/13000</link>
		<comments>http://www.stockbloghub.com/2009/08/20/wfc-wells-fargo-sued-for-home-credit/13000#comments</comments>
		<pubDate>Fri, 21 Aug 2009 03:21:58 +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 & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13000</guid>
		<description><![CDATA[The banking unit of Wells Fargo &#38; Co. (WFC) has been accused by an Illinois homeowner of illegally reducing the size of customers&#8217; home equity lines of credit by undervaluing customers&#8217; houses. Home equity lines of credit allow homeowners to borrow against their homes up to specified limits. Home equity lines of credit are similar to credit cards, as in both the facilities customers have a credit limit and can continue to borrow money until the limit has been reached. Once a portion is paid off, it again becomes accessible to borrow. But home equity lines of credit are backed by a borrower&#8217;s property, whereas credit cards are unsecured. The suit alleges that Wells Fargo of using unreliable computer models that wrongly valued home prices too low to justify cutting ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/20/wfc-wells-fargo-sued-for-home-credit/13000/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HPQ) Stock Market News for August 20, 2009 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2009/08/20/hpq-stock-market-news-for-august-20-2009-market-news/12863</link>
		<comments>http://www.stockbloghub.com/2009/08/20/hpq-stock-market-news-for-august-20-2009-market-news/12863#comments</comments>
		<pubDate>Thu, 20 Aug 2009 17:34:30 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AA]]></category>
		<category><![CDATA[Alcoa]]></category>
		<category><![CDATA[BAC]]></category>
		<category><![CDATA[Bank of America Corporation]]></category>
		<category><![CDATA[Barnes & Noble]]></category>
		<category><![CDATA[BJ]]></category>
		<category><![CDATA[BJ's Wholesale Club Inc.]]></category>
		<category><![CDATA[BKS]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[DE]]></category>
		<category><![CDATA[Deere & Company]]></category>
		<category><![CDATA[Exxon Mobil Corp.]]></category>
		<category><![CDATA[FCX]]></category>
		<category><![CDATA[Freeport-McMoRan Copper & Gold]]></category>
		<category><![CDATA[GameStop Corp.]]></category>
		<category><![CDATA[Gap Inc.]]></category>
		<category><![CDATA[GME]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GPS]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[Hewlett-Packard Company]]></category>
		<category><![CDATA[HJ Heinz Company]]></category>
		<category><![CDATA[HNZ]]></category>
		<category><![CDATA[Hormel Foods Corp.]]></category>
		<category><![CDATA[HPQ]]></category>
		<category><![CDATA[HRL]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Limited Brands Inc.]]></category>
		<category><![CDATA[LTD]]></category>
		<category><![CDATA[Merck & Company Inc.]]></category>
		<category><![CDATA[MRK]]></category>
		<category><![CDATA[PETM]]></category>
		<category><![CDATA[Petsmart Inc.]]></category>
		<category><![CDATA[Ross Stores Inc.]]></category>
		<category><![CDATA[ROST]]></category>
		<category><![CDATA[Sears Holdings Corporation]]></category>
		<category><![CDATA[SHLD]]></category>
		<category><![CDATA[XOM]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12863</guid>
		<description><![CDATA[A sharp rebound in Chinese shares helped erase yesterday’s slump and sent Asian stocks sharply higher Thursday, a day after Shanghai’s big fall ignited fears of a Chinese stock collapse and triggered a selling spree around the world.  Asian markets also drew comfort from an overnight recovery on Wall Street after a surprise drop in U.S. crude stockpiles lifted hopes for an economic recovery and sent investors back on the buying table. Shanghai&#8217;s main index jumped 126 points, or 4.5%, to 2,911.58, while Japan&#8217;s Nikkei 225 stock average climbed 179.41 points, or 1.8%, to 10,383.41.  Hong Kong&#8217;s Hang Seng rose 374.63, or 2%, to 20,336.36.  South Korea’s Kospi advanced 2% to 1,576.39. Stock futures pointed to a higher open on Wall Street Thursday.  Dow Jones industrial average futures rose 24, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/20/hpq-stock-market-news-for-august-20-2009-market-news/12863/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AXP) AmEx Sees Better Credit Trends</title>
		<link>http://www.stockbloghub.com/2009/08/19/axp-amex-sees-better-credit-trends/12664</link>
		<comments>http://www.stockbloghub.com/2009/08/19/axp-amex-sees-better-credit-trends/12664#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:44:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
		<category><![CDATA[Financial]]></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[DFS]]></category>
		<category><![CDATA[Discover Financial Services]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12664</guid>
		<description><![CDATA[American Express Co. (AXP) reported a slight improvement in its July credit-card defaults. Some of the credit metrics showed an improvement over the previous month. Net loss rate has fallen to 8.92% in July, versus 10.18% in the previous month. Net charge-offs (gross amount of loans charged off as bad debt) have also shrank to 9.2% in July versus 9.9% in June. The rate of delinquencies (failure to pay mortgage dues) slipped to 4.2% last month from 4.4% in June. Despite the modest improvement, American Express&#8217; rate of losses on credit-card loans is still significantly higher than the 5.3% rate it experienced in the second quarter of last year. Credit-card losses have become the norm among lenders as consumers struggle to pay their debt amid rising unemployment and decline in ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/axp-amex-sees-better-credit-trends/12664/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(WFC) Wachovia &#8211; slapped with a multi-state investigation under which it will have to pay</title>
		<link>http://www.stockbloghub.com/2009/08/13/wfc-wachovia-slapped-with-a-multi-state-investigation-under-which-it-will-have-to-pay/12482</link>
		<comments>http://www.stockbloghub.com/2009/08/13/wfc-wachovia-slapped-with-a-multi-state-investigation-under-which-it-will-have-to-pay/12482#comments</comments>
		<pubDate>Thu, 13 Aug 2009 20:47:36 +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 & Co]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[Regions Financial Corp.]]></category>
		<category><![CDATA[RF]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12482</guid>
		<description><![CDATA[Wachovia Corporation, now a part of Wells Fargo &#38; Co. (WFC), will have to shell out a $2.52 million assessment fee to the state for its involvement in the auction rate securities market. An auction rate security (ARS) typically refers to a debt instrument with a long-term nominal maturity, for which the interest rate is regularly reset through a Dutch auction. Since February 2008, most of such auctions have failed and the auction market has been largely frozen. In late 2008, investment banks that had marketed and distributed ARSs have agreed to repurchase most of them at par. Wachovia announced yesterday that it would buy back $324.6 million of ARSs it sold to investors. Wachovia has been slapped with a multi-state investigation under which it will have to pay a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/13/wfc-wachovia-slapped-with-a-multi-state-investigation-under-which-it-will-have-to-pay/12482/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) JPMorgan Mulls Office Sale &#8211; sale of 23 offices which could raise more than $1 billion</title>
		<link>http://www.stockbloghub.com/2009/08/12/jpm-jpmorgan-mulls-office-sale-sale-of-23-offices-which-could-raise-more-than-1-billion/12443</link>
		<comments>http://www.stockbloghub.com/2009/08/12/jpm-jpmorgan-mulls-office-sale-sale-of-23-offices-which-could-raise-more-than-1-billion/12443#comments</comments>
		<pubDate>Wed, 12 Aug 2009 23:45:00 +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 & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12443</guid>
		<description><![CDATA[JPMorgan Chase &#38; Co. (JPM) is contemplating a sale of 23 offices which could raise more than $1 billion. If the deal materializes, it will be the country&#8217;s largest office real estate sale so far in 2009. The company might offer certain incentives like a sale-leaseback transaction to sweeten the deal in a challenging commercial real estate scenario where financing is difficult and values are constantly falling. However, since JPMorgan has not yet expressed any intentions of providing financing to prospective buyers, they may have to look elsewhere for funds. Last April, Europe’s biggest bank HSBC Holdings Plc (HBC) planned to sell three landmark office buildings Incorporatedluding the Canary Wharf world headquarters in London, to raise more than $270 million in an effort to avoid a bailout from the UK ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/12/jpm-jpmorgan-mulls-office-sale-sale-of-23-offices-which-could-raise-more-than-1-billion/12443/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>($JPM) Toxic Assets Still There</title>
		<link>http://www.stockbloghub.com/2009/08/11/cop-toxic-assets-still-there/12325</link>
		<comments>http://www.stockbloghub.com/2009/08/11/cop-toxic-assets-still-there/12325#comments</comments>
		<pubDate>Tue, 11 Aug 2009 20:41:03 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Major Integrated Oil & Gas]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12325</guid>
		<description><![CDATA[The Congressional oversight panel (COP) of the TARP program is just out with its August report (http://cop.senate.gov/documents/cop-081109-report.pdf). In it, it warns: &#8220;Treasury‘s choice to pursue direct capital purchases resulted in a notable stabilization of the financial system, and it allowed the write-down of billions of dollars of troubled assets and reserve building. But, it is likely that an overwhelming portion of the troubled assets from last October remain on bank balance sheets today. &#8220;If the troubled assets held by banks prove to be worth less than their balance sheets currently indicate, the banks may be required to raise more capital. If the losses are severe enough, some financial institutions may be forced to cease operations. This means that the future performance of the economy and the performance of the underlying ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Chase Expands In Florida</title>
		<link>http://www.stockbloghub.com/2009/08/11/jpm-chase-expands-in-florida/12319</link>
		<comments>http://www.stockbloghub.com/2009/08/11/jpm-chase-expands-in-florida/12319#comments</comments>
		<pubDate>Tue, 11 Aug 2009 20:39:33 +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 & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12319</guid>
		<description><![CDATA[Yesterday, JP Morgan (JPM) announced that it will overtake all 233 bank branches and 450 ATMs in Florida that were formerly owned by Washington Mutual. The company invested $92 million in refurbishing and rebranding these ex-WaMu properties. Chase, the US consumer and commercial banking brand of JPMorgan Chase &#38; Co., now has a total of 239 branches and 1,025 ATMs in Florida. Chase also upgraded products and technology to connect the former WaMu branches in Florida and six other states with its own network, giving customers full service at 4,200 Chase branches in 21 states. So far this year, Chase has converted and rebranded 1,037 former WaMu branches in 11 states. By the end of 2009, about 1,800 former WaMu branches across the country will be operating under the Chase ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/11/jpm-chase-expands-in-florida/12319/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(JPM) Bank Shutdowns Continue</title>
		<link>http://www.stockbloghub.com/2009/08/10/jpm-bank-shutdowns-continue/12239</link>
		<comments>http://www.stockbloghub.com/2009/08/10/jpm-bank-shutdowns-continue/12239#comments</comments>
		<pubDate>Tue, 11 Aug 2009 02:25:31 +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 & Co]]></category>
		<category><![CDATA[Wells Fargo & Company]]></category>
		<category><![CDATA[WFC]]></category>
		<category><![CDATA[ZION]]></category>
		<category><![CDATA[Zions Bancorp]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12239</guid>
		<description><![CDATA[Three more banks were shuttered by U.S. regulators on Friday. This brings the total number of failed federally insured banks during this year to 72, compared to 25 in 2008 and 3 in 2007. In the first quarter of 2009, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions jumped to 305. This is the maximum number since the savings and loan crisis in 1994. Out of the 3 banks, 2 were Florida based and the other one was Oregon based. The FDIC has appointed receivers of the banks. According to the FDIC, the cost to the deposit insurance fund from the failure of the three banks will be around $185 million. The First State Bank, of Sarasota, Fla. and the Community National Bank ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/10/jpm-bank-shutdowns-continue/12239/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(GS) CIT Goes Over a Cliff</title>
		<link>http://www.stockbloghub.com/2009/07/16/gs-cit-goes-over-a-cliff/10059</link>
		<comments>http://www.stockbloghub.com/2009/07/16/gs-cit-goes-over-a-cliff/10059#comments</comments>
		<pubDate>Thu, 16 Jul 2009 23:08:14 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Investment Brokerage - National]]></category>
		<category><![CDATA[CIT]]></category>
		<category><![CDATA[CIT Group Inc.]]></category>
		<category><![CDATA[Goldman Sachs Group]]></category>
		<category><![CDATA[GS]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=10059</guid>
		<description><![CDATA[by The Investment U Research Team Even as Goldman Sachs (NYSE: GS) reported the best quarterly profit in it’s 140-year history, and JPMorgan Chase &#38; Co (NYSE: JPM) announced that it’s profit climbed 36 percent to $2.7 billion, the news coming from another former financial stalwart is strikingly different. CIT Group (NYSE: CIT) is rumored to be close to bankruptcy talks and its shares took a dive this morning as the United States government said it wouldn’t rescue it a second time. That’s pretty clear language that “firms not vital to the inner workings of the financial system” would not be saved like many larger banks have been. It’s harsh and it’s ugly, and it’s called capitalism. But it’s unclear what the total national economic impact will be from these ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/07/16/gs-cit-goes-over-a-cliff/10059/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(C) Stock Market News for April 22, 2009 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2009/04/22/c-stock-market-news-for-april-22-2009-market-news/5898</link>
		<comments>http://www.stockbloghub.com/2009/04/22/c-stock-market-news-for-april-22-2009-market-news/5898#comments</comments>
		<pubDate>Wed, 22 Apr 2009 22:36:41 +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[C]]></category>
		<category><![CDATA[CAT]]></category>
		<category><![CDATA[Caterpillar Inc.]]></category>
		<category><![CDATA[Citigroup Inc.]]></category>
		<category><![CDATA[Coach Inc.]]></category>
		<category><![CDATA[COH]]></category>
		<category><![CDATA[DD]]></category>
		<category><![CDATA[EI DuPont de Nemours & Company]]></category>
		<category><![CDATA[INTC]]></category>
		<category><![CDATA[Intel Corp.]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Texas Instruments Inc.]]></category>
		<category><![CDATA[TXN]]></category>
		<category><![CDATA[United Technologies Corp.]]></category>
		<category><![CDATA[UTX]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=5898</guid>
		<description><![CDATA[Most Asian stock declined Wednesday amid lingering concerns about the health of the global financial system. U.S. Treasury Secretary Geithner&#8217;s comments yesterday that the vast majority of U.S. banks are well capitalized failed to lift sentiments in Asia.  Hong Kong&#8217;s Hang Seng lost 407.44 points, or 2.7%, to 14,878.45, while Shanghai&#8217;s benchmark fell 74.48 points, or 2.9%, to 2,461.35 &#8211; registering its steepest one-day drop in two weeks. Tokyo&#8217;s Nikkei 225 stock average edged up 15.97 points, or 0.2%, to 8,727.30, while South Korea&#8217;s Kospi added 1.4% to 1,356.02. Encouraging comments from Geithner yesterday pushed U.S. equity markets higher. The Treasury Secretary&#8217;s testimony on the Hill came amid a plethora of conflicting data, uncertain forecasts, and shifting political winds. Financials once again led the gainers, reversing Monday&#8217;s tumble, as a ]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>(IBM) Stock Market News for April 20, 2009 &#8211; Market News</title>
		<link>http://www.stockbloghub.com/2009/04/20/ibm-stock-market-news-for-april-20-2009-market-news/5769</link>
		<comments>http://www.stockbloghub.com/2009/04/20/ibm-stock-market-news-for-april-20-2009-market-news/5769#comments</comments>
		<pubDate>Mon, 20 Apr 2009 20:06:49 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Diversified Computer Systems]]></category>
		<category><![CDATA[Technology]]></category>
		<category><![CDATA[AAPL]]></category>
		<category><![CDATA[American Express Company]]></category>
		<category><![CDATA[Apple Inc.]]></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[Coca-Cola Company]]></category>
		<category><![CDATA[Eli Lilly & Company]]></category>
		<category><![CDATA[GE]]></category>
		<category><![CDATA[General Electric Company]]></category>
		<category><![CDATA[General Motors Corporation]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[International Business Machine]]></category>
		<category><![CDATA[JPM]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[KO]]></category>
		<category><![CDATA[LLY]]></category>
		<category><![CDATA[MCD]]></category>
		<category><![CDATA[McDonald's Corp.]]></category>
		<category><![CDATA[Merck & Company Inc.]]></category>
		<category><![CDATA[MRK]]></category>
		<category><![CDATA[PEP]]></category>
		<category><![CDATA[Pepsico Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=5769</guid>
		<description><![CDATA[US stocks ended another week on a winning note as earnings reports, although not great by normal standards, and a consumer sentiment survey indicated the economy and financial markets are showing signs of stabilization.  The Dow Jones industrial average closed the week up 47.95, or 0.6%, at 8,131.33. The Standard &#38; Poor&#8217;s 500 index rose 13.04, or 1.5%, to 869.60.  The tech-heavy Nasdaq rose 20.53, or 1.2%, to 1,673.07.  The broad-based S&#38;P 500, which recorded its steepest six-week gain since 1938, is now up 29% since hitting its 12-year nadir on March 9. As risk appetite grew treasuries declined, taking the yield on the 2-year to 0.981% and the 10-year to 2.953% as prices fell 4/32 and 30/32, respectively on Friday. The Vix, CBOE&#8217;s volatility index, declined 2.59 points over ]]></description>
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