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Stocks fall on China lending curb, IBM outlook – Dow down 200

Posted on: January 20th 2010 in Market News.

By Rodrigo Campos NEW YORK (Reuters) – U.S. stocks were having their worst day of 2010 on Wednesday as lending restrictions in China worried investors about the global economic recovery, while a conservative outlook from IBM weighed down technology shares. Official media and banki…

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Too many branches spoil the banks

Posted on: July 29th 2009 in Press Releases.

NEW YORK: Call it Overbanked of America. News that Bank of America Corp plans to shut some of its 6,109 branches may mark a turning point in what analysts have long deemed a nationwide glut in bank branches, as more customers favor banking from their computers and phones. The changes c…

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8 US banks collapsing every month: Study

Posted on: July 19th 2009 in Press Releases.

TOP STORIES Business TodayTop StoriesStory 8 US banks collapsing every month: Study An average of eight US banks are collapsing every month, as the country’s economy continues to feel the tremors of financial turmoil. With four more banks going belly up on July 17, the total fai…

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10 US banks fail ‘stress test’

Posted on: May 8th 2009 in Stock News.

Government “stress tests” of the US financial industry found that 10 of the 19 largest banks need a combined $75 billion to weather the continuing recession, US regulators said on Thursday. Treasury Secretary Timothy Geithner said that much …

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