Word: bankes
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Dates: during 2000-2009
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...stock traded for about $60 a share. It will never get back there again. Trading at $6 now, it may never get back to $10. Much of that drop is due to the market, furious at bad investment decisions that caused huge losses, which has diminished the value of bank stocks by over...
...conventional wisdom was that 2008 would be the worst year for bank losses in years, but that it would be the bottom. The damage of mortgage-backed securities has moved into the past. What else could be left...
...Deutsche Bank (DB), the largest bank in Germany, said it would post a loss of $6.4 billion. Analysts believe the red ink at Citigroup (C) could be more than $10 billion. Bank of America is expected to turn in a $3.6 billion loss. Those figures do not include JP Morgan (JPM), Wells Fargo (WFC), Morgan Stanley (MS), Goldman Sachs (GS) and a number of deeply troubled overseas companies including UBS (UBS), Credit Suisse (CS), and Barclays...
...wave swamping bank earnings has moved away from being caused solely by derivatives. LBO loans, commercial real estate, consumer credit cards, and corporate bankruptcies are building and will not peak until the momentum in joblessness and falling GDP stops accelerating. That could take well over a year...
...While critics have charged that Israel continues to instigate the admittedly tragic violence in the region, they ignore the numerous efforts that the Israeli government has made to end the conflict. In the past decade, Israel has offered to withdraw from 97 percent of the West Bank, and has also unilaterally removed its forces from the Gaza Strip. But apparently even these well-intentioned efforts are not enough for the radical Hamas leadership, which has repeatedly refused to recognize Israel as a state and has called for its complete destruction. As Israel is—understandably—not going...