http://bankinnovation.net/2013/02/regions-bank-recognized-for-excellence-in-social-media/ Why Regions Bank Excels in Social Media JD Power recognized Regions Bank as a leading provider of social media content among banks in a study published on February 14. The results were based on responses from “more than 23,200 U.S. online consumers who have interacted with a company via the companies’ social media channel.” The institutions recognized in the Banking category were Capital One, JPMorgan Chase, Huntington Bancshares, Inc. and Regions Bank. Regions is a relative newcomer to the social space, launching the first of its two Twitter feeds, @askregions, in December 2011, and initiating Facebook and YouTube channels in April 2012. (The other Twitter feed is @regionsjobs.) The green piggies at left — Facebook visitors were invited to fill in the pigs’ word balloons — are a popular and recurring presence on Regions’ social media. “We put the … [Read more...]
Getting Banks Back Into Banking
http://wallstreetpit.com/91428-getting-banks-back-into-banking Getting Banks Back Into Banking Banks used to be in the business of gathering deposits and making loans. Today, they are in the business of gathering fees and making trades. Being an American banker today means living under the thumb of regulators who demand that you lend money at extremely low interest rates, while trying to avoid making bad loans that would reduce your capital and potentially require a federal bailout. The bigger the bank, the greater the pressure. In this environment, depositors are a nuisance unless you can extract hefty fees from them. You have to track their money and hold part of it in cash so you can meet withdrawal demands, and you can’t lend most of the rest at very high rates anyway. When you do lend money, you must generate reams of paperwork to satisfy your examiners. If things go badly for borrowers, you can expect to be accused of “predatory” lending. And if you … [Read more...]
Former CEO Jon Corzine may be sued in MF Global scandal
Missing MF Global Funds Found Investigators Find $1.6 Billion, But Getting It Not Easy James O'Toole POSTED: 4:31 pm CDT April 24, 2012 UPDATED: 10:36 pm CDT April 24, 2012 istock NEW YORK (CNNMoney) -- Investigators probing the collapse of bankrupt brokerage MF Global said Tuesday that they have located the $1.6 billion in customer money that had gone missing from the firm. But just how much of those funds can be returned to the firm's clients, and who will be held responsible for their misappropriation, remains to be seen. James Giddens, the trustee overseeing the liquidation of MF Global Inc, told the Senate Banking Committeeon Tuesday that his team's analysis of how the money went missing "is substantially concluded." "We can trace where the cash and securities in the firm went, and that we've done," Giddens said. MF Global failed last year after its disclosure of billions of dollars worth of bets on risky European … [Read more...]
Yahoo Fantasy Finance and Federal Reserve Bank similar
Early Saturday morning, I am online playing Yahoo Fantasy Finance. I make the best investment decisions when using fake money, and I am in the top 4% ranking of all players for the week and top 10% since inception. My portfolio is up 10%, and I am gaining respect. The Finance Fantasy is a little intoxicating to have zero risks and still be a winner. The Federal Reserve operates under a similar structure of zero risk and still a winner. In this comparison, Federal Reserve employee ( with access) clicks twice to create play money from thin air. The employee is able to facilitate the disbursement to the appropriate party. The employee is holding an important role, and the employee does his job well. The employee gains respect for success among his colleagues and outside the Federal Reserve. The recognition and importance is intoxicating. The employee has zero risk to personal fortunes in the risk taking in performing his job. Zero risk is using the play money of the Federal … [Read more...]
JP Morgan’s announcement boost bank stocks
JP Morgan Chase (NYSE: JPM) made the last hour of trading even hotter with the bank's dividend and buyback announcement. The Federal Reserve gave the US largest bank by assets the blessing to raise the dividend on the bank's stock by a nickel to 30 cents a share and allowing a plan buyback of $15 billion of its stock. This announcement was just before the Federal Reserve Bank's Stress Test release by the Federal Reserve Bank on 19 banking institutions, and the performance results were made public after the 4pm market close. The blessing by Federal Reserve was more good news for the markets as the Dow surged 218 points, and the NASDAQ closed above 3000. JP Morgan did lead the industry in announcing the increase on dividends paid to its shareholders.JP Morgan Chase was up 7% to 43.39 at close of business today.... However, many banks and financials were a benefactor on JP Morgan’s announcement late Tuesday. The following DC banking/financial institutions did see significant … [Read more...]
JP Morgan is Tuesday’s winner of Fed’s stress test
JP Morgan Chase (NYSE: JPM) made the last hour of trading even hotter with the bank's dividend and buyback announcement. The Federal Reserve gave the US largest bank by assets the blessing to raise the dividend on the bank's stock by a nickel to 30 cents a share and allowing a plan buyback of $15 billion of its stock. This announcement was just before the Federal Reserve Bank's Stress Test release by the Federal Reserve Bank on 19 banking institutions, and the performance results were made public after the 4pm market close. The blessing by Federal Reserve was more good news for the markets as the Dow surged 218 points, and the NASDAQ closed above 3000. JP Morgan did lead the industry in announcing the increase on dividends paid to its shareholders.JP Morgan Chase was up 7% to 43.39 at close of business today.... However, many banks and financials were a benefactor on JP Morgan’s announcement late Tuesday. The following DC banking/financial institutions did see significant gains in … [Read more...]
Earnings: Bank of America, Wells Fargo surges, Citigroup & M&T see declines
Bank earnings are mixed among some of DC's largest players in the market. The surprise earnings are from two of the big four national bank players as 4th Quarter earnings for both Bank of America and Wells Fargo were higher than analysts expectations. The common theme among the larger bank players except for M&T Bank bank were the poor performance of investment trading weighing on banks' earnings for 4th quarter or the October - December reporting period for 2011. The micro examination of Bank of America, Wells Fargo, Citigroup, and M&T provide four different banking institutions with not much commonality into the direction of the industry's performance or the overall measurement of health of the entire financial services industry. The following insights are a review of each bank's overall performance for the 4th quarter. Bank of America- Earnings were reported for the 4th quarter at net profit of 1.58 billion up from the net loss of one year earlier 1.57 billion … [Read more...]
