Societe Generale SA, one of the largest banks in France raised the dividend today by 33% to 1.2 Euros a share. SoGen trades in the US in the OTC market with ticker SCGLY. Some of the key points in the 4th Quarter,2008 earnings report: French consumer lending helped the bank offset losses in international operations …
Have you ever wondered how much of the total outstanding loans in the USA is related to residential mortgages? Residential mortgage loans have been attributed as the main culprit behind the credit crisis. To be more precise, it is the sub-prime residential mortgages. Some say that other type of loans such as credit cards, commercial …
Continue reading ‘Composition of Loan Portfolios of FDIC-Insured Institutions’ »
Created in 1933 to restore confidence in the nation’s banking system, the The Federal Deposit Insurance Corporation (FDIC) insures deposits at 8,384 banks and savings associations in this country (Source: FDIC News Release – 2/5/2009). A vast majority of these FDIC-insured banks are small and medium community banks. In this article lets review the community …
Continue reading ‘What Is The Future Of US Community Banks?’ »
This week the Organisation for Economic Co-Operation and Development (OECD) released the OECD Private Pensions Outlook 2008 report. This report analyzes the private pension systems in various countries and compares their performance in terms of fees, risk allocation, etc. One of my key observations in this report is that the pension funds in the USA …
Continue reading ‘Will US Pension Funds Suffer More Losses in 2009?’ »
Many of the closed-end funds are trading at a discount to NAVs. When these funds trade at a discount they are considered to be cheap. Closed-end funds can be swing wildly during volatile markets such as the one investors are enduring. The following are five cheap closed-end funds: 1.New Germany Fund (GF) Discount to NAV: …