Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Bank of America is getting started to enter the new market of the electronic payment via mobile devices. The bank launched a pilot software to test the technology that is in the making as well. The trial is scheduled to run for three months in which 5 retail shops are included in the area of […]
Federal Reserve picked the brain of a wise man when they started taking the US banking system seriously. Oh! Or was it the 2008 economic crisis that forced them to think straight? Whatever the case was, the US central bank has taken a serious notice of the US banks and late in 2011, laid out […]
Bank of America BofA cleared the stress test with 5.9% capital ratio. It is not believed to have proposed any additional capital returns after proposed dividend hike was rejected in 2011. Capital One Financial The institute passed stress test with 7.8% capital ratio. Regions Financial The bank passed stress test with 6.6% capital ratio, announced […]
JPMorgan Chase One of the too big to fail, passed stress test with 5.4% capital ratio under stressed scenario, including proposed captal actions through 2013. Increased its dividend 20% to 30 cents per share, from 25 cents, authorized a $15 billion stock buyback. US Bancorp With a margin US Bancorp passed stress test with 5.4% […]
(Reuters) – Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company’s plans. The world’s largest social media network, which boosted its borrowing capacity by two-thirds just six months ago, […]
Texas showed a steady and firm performance in the last three years. It was among the last US states who fell victim to the 2008 recession and was the first one to get out of the ordeal. Prosperity did not show an upward performance this year only, but it has been in the thick of […]
The list of top 100 banks is out, based on a recent survey that combed through the data of this year’s financial statements and the recent submissions by these banks on December 1. The banks in the list range from $4.6 Billion Beneficial Mutual Bancorp to goliaths like $2.3 Trillion worth JP Morgan Chase. The […]
The US Senate and Congress took notice of Federal Reserve’s easy lending late in 2010 and first quarter of this year. Fed Chairman Ben Bernanke was sent a memo to make public detailed reports on the aid provided to the US financial institutions. Bernanke, in reply to the leaders of the House and Senate, said […]
Federal Reserve laid out a stress test for major financial institutions in the US. There are currently 19 banks on FRS’ subject-list; among them major parties are Bank of American, JP Morgan Chase and Goldman Sachs Group. The statement issued by the Fed ordered these financial goliaths to undertake a test to see if they […]
