US regional banks grow on the cheap amid crisis
AFP - Sat Nov 21, 10:17 pm ETThe 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap.
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The 20-year record high bankruptcy rate for US banks and businesses is giving regional banks on sound footing the opportunity to expand swiftly and on the cheap.
LAS VEGAS----Global Cash Access Holdings, Inc. , a leading supplier of cash access products and related marketing services to the gaming industry, today announced that the Company will be presenting at the Bank of America Merrill Lynch Credit Conference on Thursday, December 3, 2009 at The Crowne Plaza Hotel in New York, New York.
Treasury prices head towards a weekly gain, after yields on 2-year notes touch the lowest level this year, as investors step away from riskier assets to lock in profits as 2009 begins to wind down.
A lack of conviction on part of the market to push beyond the current rally has been a dampener and concerns of an asset bubble build-up due to accommodative monetary policies have diminished risk appetites.
LONDON (SHARECAST) - The world’s second biggest brewer, SABMiller , was the best performing blue-chip in London on Thursday after interim results, but Merrill Lynch remains hard to please.
Nov. 20 (Bloomberg) -- Fiat SpA Chief Executive Officer Sergio Marchionne said at a trial that he would have left his post in 2005 had the Agnelli family lost its controlling stake in the carmaker.
COLUMBUS -- The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.
Nov. 20 (Bloomberg) -- Asian stocks fell, dragging the MSCI Asia Pacific Index to its longest losing streak in more than four months, after Merrill Lynch & Co. cut its outlook on the global semiconductor industry and commodities retreated.
Nov. 20 (Bloomberg) -- Roger Carr , Cadbury Plc’s chairman, once thwarted Goldman Sachs Group Inc., then led by former Treasury Secretary Henry Paulson , from bidding for pub chain Mitchells & Butlers Plc in 2006.
Nov. 20 (Bloomberg) -- Two-year Treasuries were little changed, set for a fourth week of advances, amid concern the rally in risk assets has outpaced growth prospects and as Federal Reserve officials signaled interest rates will stay low.
BofA Merrill Lynch's downgrade of the semiconductor industry is baseless, according to the editor of a technology and semiconductor investment newsletter.
Nov. 20 (Bloomberg) -- Japan’s Topix index fell for an eighth day, its longest losing streak since July, after Merrill Lynch & Co. cut its outlook on the global semiconductor industry and commodities prices retreated.
Computer maker Dell did nothing to soothe investor concerns about a weakening tech sector Thursday, posting results that badly missed Wall Street's expectations.
Nov. 20 (Bloomberg) -- The European credit market’s seven- month rally is tailing off as investors booked returns of as much as 70 percent and sought opportunities in other assets including stocks and commodities.
Nov. 20 (Bloomberg) -- Japanese stock futures and Australian shares fell after Merrill Lynch & Co. cut its outlook on the global semiconductor industry and commodities retreated.
U.S. stocks finish lower Thursday.