The Reserve Bank Credit remains anemic in growth at $8.6B while total assets fell by $10.5 B even as The Fed added $8-9B more in MBS purchases as the Maiden Lane III securities the Fed is holding were auctioned off…
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Blog Archives
The Thursday Fed Update: Another MaidenLane sale, another week, Bank Credit weak in June
The infamous “Maiden Lane II” AIG securities auctioned by Fed | Bailout insight
The Treasury had last sold a tranche of $7 bln to Credit Cuisse which sold it onward to select hedge funds and other investors trying to make a fortune in distressed assets. Credit Suisse also sold its emplyees a repackaged…
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Tagged with: AIG, American International Group, credit suisse, Deutsche Bank, Federal Reserve Bank of New York, Goldman Sachs, Morgan Stanley, New York
Posted in Financial Markets
Posted in Financial Markets
Bank Results Season: BofA settlement for $8.5 bln seen as big plus
Even as the Euro Crisis theater alongside raised a lot of alarmbells before the vote went through, banks in general were suddenly looking much more positive after BofA settled with PIMCO, FRBNY, Blackrock, Metlife and 18 other investors for countrywide/BofA…
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Tagged with: Bank, Bank of America, Banking Services, Business, Federal Reserve Bank of New York, Financial Services, Metlife, PIMCO
Posted in Banking, Dealbook, US
Posted in Banking, Dealbook, US
Bank Results Season: (Bank of America) A grinch got the banks this season
December 2010 results pouring in have been harrowing to say the least. Bank of America has started its results day with news of a loss. Excluding $2bn impairment charges, the Bank reports a profit of 4 cents per share against…
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Tagged with: BAC, Bank of America, Bank of America Home Loans, Fannie, Fannie Mae, Federal Reserve Bank of New York, Financial Services, Freddie Mac, Wells Fargo
Posted in Banking, Retail Lifestyle, US
Posted in Banking, Retail Lifestyle, US
The AIG Update
Image by Mike Licht, NotionsCapital.com via Flickr AIG owes the American taxpayer $120bln. that may seem less given that it could easily be the monthly allowance for the Feds this year if QE is approved in 2 days and slowing…
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Tagged with: Alico, American International Assurance, American International Group, Federal Reserve Bank of New York, Metlife
Posted in Banking, TARP, Uncategorized, US
Posted in Banking, TARP, Uncategorized, US
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