The largest of the European Union (EU) banks fell more than their US peers in the recent credit crisis since their leverage ratio and the exposure to market risk was higher.Many European bank stocks such as ING Bank (ING), Royal Bank of Scotland (RBS), Societe Generale (SCGLY), Commerzbank(CRZBY), Lloyds Bank(LYG) fell sharply last year and …
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The South African equity market is considered as one of the frontier markets. Most investors consider South African as an investment destination related to natural resources such as gold, silver, etc. However some banks in South Africa may offer good opportunities for investors looking to gain exposure to the banking sector in that country. The …
The total number of banks in the U.S. declined further last year. At the end of 2008, about 7100 banks were in operation compared to 7300 in 2007 as per the Federal Reserve Bulletin, June 2009. From over 12,000 in 1990 the number of banks has fallen to 7100 last year.The share of assets held …
On Friday Feb 20th, US banks Bank of America (BAC) and Citigroup (C) fell heavily on huge volume due to nationalization fears. Bank of America fell to $2.53 before ending the day at $3.79 after the White House reassured investors that nationalization was not in the cards. Similarly Citibank closed at $1.95. BAC is down …