Bank of America and The United States of America: Who can save number one?

tiffany23

On the morning of 09/11, the Twin Towers of the World Trade Center stood beyond as two pinnacles of dominance soaring among the many dominants in the New York City skyline. The terrorist attacks on 09/11 were the trigger of separate events unlike any experience of this magnitude on American soil. The hijacking of commercial airliners would be only a method to execute the most sinister part of the terrorist's master plan. Airliners would be used as cruise missiles to target four high value targets in the US. Two high value targets were the Twin Towers of the World Trade Center in New York. The two giants were to experience an event unlike anything witnessed, and the event did transpire with two airliners flying into the two 110 story structures. Who could know the consequence of the attacks to the event on the eventual fate of both towers? These two giants were identical in their size and structure, and outcome of one would be the fate of the other twin. Because of 09/11, the fear … [Read more...]

Inside Banking: DC Banks earnings, FHFA reconsideration, and Shareholders first

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Donny Wise: DC Consumer Banking: Examiner.com - The health of the banking industry is at the forefront in the consideration of a sustainable economic recovery. In addition, the health of the industry can be measured through performance, market indicators including foreclosures and housing, and corporate responsibility of banks to implement business models and strategies to foster a safe and prepared industry. The local indicator in DC banking is the recent report in the Washington Business Journals stating that earnings were up for the 40 local banks in the fourth quarter of 2011. The market indicator is the recent urgent request by lawmakers for the FHFA to follow reconsideration mortgage loans to assist homeowners underwater in a mortgage loan. Third, the reckless behavior of the banks are still alive in the current economic uncertainty as banks were allowed to pay $33 billion in dividends to shareholders, and this move was allowed by the Federal … [Read more...]

Bank of America’s “stay the course” banking model

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  Donny Wise: DC Consumer and Banking: Examiner.com-Bank of America has made one truth evident this week in lieu of recent news about dealings with Fannie Mae and New Bank Fees being considered by the bank. The one truth at Bank of America is the stubborn resistance for the bank to pursue fundamental change, and the stay the course motto is alive and well albeit the same policy has brought the bank to the edge of the abyss. The foreclosure fiasco with Countrywide has brought enormous losses to the bank, and future losses and litigation costs threaten to undermine the future of the bank In addition, the public relations nightmare has haunted Bank of America as the public has made the bank public enemy number one in the bank blame game for excessive fees and foreclosure crisis. In lieu of these issues, the survival of the bank would constitute change in practice or behavior, but the news show a bank determined to “stay the course” to meet some internal goal with … [Read more...]

Bank of America retreat and impact to DC

Bank of America

Bank of America is facing deep challenges on several fronts that threaten to weaken the bank even further with any negative downturns in the domestic economy or a deepening of the debt crisis in Europe. The disconnect of the bank is creating a synergy in the depth of the current problems the bank is facing. The foreclosure fiasco of Countrywide Mortgage and the bank's actions to the consumers are impacting the bank's ability to legitimately move a juggernaut of an institution through the most narrow of passages to overcome the challenges of the mammoth sized problems with bank being unscathed or weakened even further. The bank's decision to implement a foreclosure procedure with no regard to collateral damage has been a variable that has brought innocent borrowers along with willing chooser into a foreclosure process that ruins lives and communities, and the implementation of policies and procedures including fee structure and credit limit reductions with no regard to the consumer … [Read more...]

EagleBank shares upgraded to “Outperform”

Eagle Bank of Rossyln courtesy of aiadc.com

EagleBank is soaring above competitors in performance, and making moves locally to assert influence as the local bank on the rise. The $300 million strong bank out of Bethesda is gaining national attention in recent weeks for the bank's excellent performance. EagleBank was in the spotlight six weeks earlier as the termination of the merger agreement with Alliance Bank was announced. The undisclosed terms of non-agreement were not disclosed back in November, but three events in relation to EagleBank make deductive reasoning behind the decision to walk away from the Alliance Bank merger. Eagle Bank was featured as 1 of 3 bank stocks in America with a "big upside" on MSN Money. SmarTrend went public to investors in a recommendation of buying Eagle Bank stock, and SmarTrend did release an article on Tuesday to boast of EagleBank's(Eagle Bancorp: EGBN)  17.8% return to date from October's recommendation. The big news was the shares upgrade of Eagle Bank's(Eagle Bancorp: EGBN) from neutral … [Read more...]

Bank of America: The trifecta of uncertainty in 2012

Media.al.com

The calendar year is now January 2012, and the new year brings opportunities for opportunities of the new year and reflection of the previous year, and Bank of America is an organization where reflections of 2011 and projections of 2012 have been in progress where before the stroke of midnight on New Year's. Bank of America is an entity that could probably declare 2011 a fundamental disaster and nightmare in every sense of the word as described in a recent article on The Motley Fool.  Bank of America would be an organization in the matters  of logic and rationale to welcome the New Year 2012 to leave behind the old and welcome the start of a new. The operative word is new, and Bank of America is the full embodiment of "Same Script, Different Cast"  where the old script is still in play but different  characters to play the parts. Bank of America continues to deepen the agony of the organization in the pre-crisis script of 2008 in a post crisis world and economy. The new year … [Read more...]

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