The Global Finance magazine released the world’s safest banks list for 2009 on February 25th. For the first time they published this mid-year update due to the turmoil in the world’s banking industry. The list was compiled based on the comparison of long-term credit ratings and total assets of the 500 largest banks in the …
The Global Finance magazine has announced this year’s winners for the best banks in 24 developed countries. Ireland and Iceland were left out from this contest. As per the editors of this magazine “The winners of this year’s awards are those banks that attended carefully to their customers’ needs in difficult markets and accomplished better …
Continue reading ‘The World’s Best Developed Market Banks 2009’ »
On Feb 4, I wrote an article titled Top five US banks to invest in now which listed the top five regional US banks based on the Bank Director magazine. In that list, Glacier Bank (GBCI) was the top bank. Glacier Bank rejected to get help from the Treasury’s Troubled Assets Relief Program (TARP). Instead …
Last year the financials in the S&P 500 Index was the worst performing sector with a loss of 56.95% compared to the index return of -38.49%. Some banks fared even worse or failed. Others such as National City, Wachovia, merged with much larger banks to survive. Large banks such as Citibank(C), Bank of America(BOA), Chase …
Continue reading ‘Top Five US Bank Stocks To Invest In Now’ »
One of the worst performing sector in the current bear market is the financial sector. Many bank stocks are down over 50% or more. The financials in the S&P 500 Index is down 56.3% year-to-date. On the international level, many well known banks have had to raise capital to stay in business.Others have been gobbled …