Word: sheshunoff
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...such structures all across the Sunbelt, and some excess properties even in Northeast states like Massachusetts and Connecticut. "What you're dealing with is the aftermath of , a massive speculative excess. It tends to drive down the value of all real estate," says Austin-based banking analyst Alex Sheshunoff. To make matters worse, mortgage rates have risen a full percentage point in the past year, to an average 11.5%, which has stalled home sales and depressed residential- property values in many areas...
...were illegal. The episode marks a fall from grace for an industry hero, Texas Commerce Chairman Ben F. Love, who had a longstanding reputation for cautious lending. Investors regard Love's stumble as a bad sign for Texas banks in general. Says Robert Walters, an analyst at Austin's Sheshunoff investment firm: "The problem loans are startling. It is more than a minor disappointment...
...food stamps." A survey by Sheshunoff & Co., a consulting firm, showed that 39% of U.S. banks boosted checking-account fees in 1983, and 55% were planning to raise them this year. Explains Robert Guyton, president of Atlanta's Bank South ($1.8 billion): "We've got to make sure that all the services we offer are paid for by the customers who are using them." Many banks, however, are charging more for some services than they actually cost. A study by New York State officials concluded that a bounced check costs the bank only about...
Banking experts believe that Girard's system of fees is a prototype that may be widely copied. Surveys show, however, that a majority of small- and medium-sized banks are still skittish about sweeping new charges that might alienate customers. A study by Sheshunoff & Co., an Austin consulting firm, indicated that only 48% of U.S. banks have adopted maintenance charges for credit cards. More than 80% of the banks impose no fees on small savings accounts, and 75% offer free checking to senior citizens. Smaller banks are still looking for little ways to be generous. The Princeton Bank...