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May 27, 2012 at 16:42 | Source: DNA India
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US bank profits rose sharply during the first quarter of 2012, according to figures compiled by the Federal Deposit Insurance Corporation (FDIC), the eleventh consecutive quarter in which net earnings were higher than the previous year. Aggregate profits ...
May 26, 2012 at 03:52 | Source: World Socialist Web Site
US bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings, released last week, illustrate how far ...
May 28, 2012 at 20:03 | Source: Business Spectator
WASHINGTON — Federal regulators have seized a small bank in Alabama, bringing to 24 the number of U.S. banks that have failed so far this year. The Federal Deposit Insurance Corp. said Friday that it closed Alabama Trust Bank NA in Sylacauga.
May 18, 2012 at 22:17 | Source: Washington Post
(RTTNews) - The Federal Deposit Insurance Corp. or FDIC, announced Friday the shuttering of one small bank in Alabama, taking the count of U.S. bank closures in 2012 to 24, after 92 in 2011 and the 157 bank closures in 2010. The closure is the first in the ...
May 19, 2012 at 01:23 | Source: RTT News
NEW YORK, May 16 (IFR) - JP Morgan's disclosure last week of a US$2bn trading loss has undermined years of effort by US money center banks to claw their way back to being the respected low-beta sector they were before the 2008 crisis. Until ...
May 16, 2012 at 20:18 | Source: Reuters
BEIJING — East Asia's developing economies could face a shock from China's slowdown and need to boost domestic demand to offset weak exports due to a sluggish U.S. recovery and Europe's debt crisis, the World Bank said Wednesday. Overall ...
May 23, 2012 at 02:01 | Source: Atlanta Journal Constitution
The United States opened its banking market to China’s biggest bank ICBC, for the first time clearing a takeover of a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal ...
May 10, 2012 at 11:06 | Source: Raw Story
WASHINGTON -(Dow Jones)- U.S. banks' commercial and industrial loans increased $3.8 billion to about $1.416 trillion in the week ended May 16, the latest week for which data are available, the Federal Reserve said Friday. That followed a $400 ...
May 25, 2012 at 20:28 | Source: NASDAQ
US stocks fell overnight as reports of weakness in Spain outweighed a better-than-expected reading on US consumer confidence. The Dow Jones Industrial Average fell 74.92 points, or 0.6 per cent, to 12,454.83. Caterpillar fell 1.6 per cent while ...
May 25, 2012 at 22:52 | Source: Marketwatch
JPMorgan Chase & Co, the biggest US bank, increased the capital of its China unit by 2.5 billion yuan (US$394 million) to meet rising demand for financial services in the world’s fastest-growing major economy. The second infusion since the ...
May 28, 2012 at 16:00 | Source: Taipei Times