This week SNL Financial released the list of the biggest 50 U.S. banks and thrifts based on assets as of 2Q, 2010. The list is shown below with tickers included for banks that are public traded: [TABLE=525] Some of the key points from the rankings are: 1. First Niagara Financial Group Inc jumped to 38th …
The Troubled Asset Recovery Program (TARP) was started by the U.S. government in 2008 to purchase assets and equity from troubled financial institutions and strengthen the sector at the height of the credit crisis. Billions of tax payer funds were loaned to banks and other lenders thru this program. According to a report in The …
This week FinanceAsia announced the winning banks for many Asian countries for 2010. These banks were selected based on many factors. From the news report: “The selection of the winning bank is a highly quantitative one, with each bank scored on a number of key performance metrics. Public Bank scored the highest of the 11 …
The following are five Chinese bank stocks trade in the US unsponsored ADRs. The stock price noted is as of market close September 1, 2010. 1.Bank of China (BACHY) Current Share Price: $12,69 2.China Construction Bank Corporation (CICHY) Current Share Price: $42.11 3.China Merchants Bank (CIHKY) Current Share Price: $12.93 4.China Minsheng Banking (CMAKY) Current …