Investors fled from Irish bank stocks during the credit crisis last year. The real estate bubble collapse in Ireland and the overall slump of the Irish economy added more losses for Irish banks. The third largest bank in Ireland, Anglo Irish Bank was nationalized back in January this year. Ireland saved the other two large …
Continue reading ‘Should You Avoid Investing in Danish, Irish and Spanish Banks Now?’ »
In addition to the foreign banks listed in the New York Stock Exchange(NYSE), there are many banks that trade on the OTC markets. Some of the banks moved to the OTC a few years to due to the high listing fees charged by the New York Stock Exchange. Others prefer the easier listing and regulatory …
Continue reading ‘A Look at Foreign Bank Stocks Traded in OTC Markets’ »
The FDIC released the Quarterly Banking Profile for second quarter,2009 yesterday. Some of the key points and charts from this report are presented below. More Than One in Four Institutions Are Unprofitable Charge-Offs and Noncurrent Loans Continue to Rise Net Charge-offs: “Net charge-offs of credit card loans were $4.6 billion (84.5 percent) higher than a …
Continue reading ‘Key Points from the latest FDIC’s Quaterly Banking Profile’ »
On August 20th, the Journal had a piece titled “At Europe’s Banks, Riskier Tack on Capital” discussing the financial strength of European and U.S.banks. Banks in continental Europe have strengthened their finances through “strong earnings, benign markets, dividend cuts and some asset sales”. However unlike their British and American peers, they have not increased their …
Continue reading ‘Tier 1 Capital Ratios Comparison: U.S. Vs. European Banks’ »