European debt crisis
Wall Street bonuses dropPosted by RJ and Makay on Mar 05, 2012 |
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Wall Street cash bonuses for 2011 are believed to have fallen 14% from 2010 and are likely to have dropped to their lowest level since the financial crisis of 2008, according to a recently released New York state comptroller report. Wall Street securities firms will dish out $19.7 billion in cash bonuses to employees, significantly down from $22.8 billion in 2010.
U.S. banks’ 2011 earnings highest since 2006Posted by RJ and Makay on Feb 28, 2012 |
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A fourth quarter surge in U.S. bank earnings at the end of last year propelled the industry to its highest level of profitability in five years, according to the Federal Deposit Insurance Corp. (FDIC). The strong performance along with fewer distressed banks indicates that the sector has significantly healed since the 2008 financial crisis. Bank earnings grew in the October-December 2011 period to $26.3 billion, a 23% gain from Q4 2010.
Bank stocks off to hot start this yearPosted by RJ and Makay on Feb 22, 2012 |
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Financial stocks are off to a hot start this year. The easing of the European debt crisis, improvement in the U.S. economy and the recent $25 billion settlement by large U. S. mortgage lenders has had a bullish effect on asset managers. During the seven-week period ended February 15, fund managers purchased about $3.2 billion net shares in banks, according to fund tracker EPFR Global.
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