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- Dude - Buy Royal Bank of Canada (TSE: RY)! Get this. Two years ago, Royal Bank of Canada was the world's 50th largest bank by market cap. By comparison, it was Canada's largest bank by market cap (and it still is Canada's largest bank). But now, post-credit-crisis-financial-meltdown, Royal Bank is the world's seventh largest bank by market cap! I'll...
- Time to start buying Bank of America Stock Bank of America (NYSE: BAC) has experienced a sell off as of late. Market researchers speculate that this activity has originated with the buy-and-hold investors, after reading last weekend’s Wall Street Journal article that indicated the Bank may need to issue more equity before exiting the Troubled Asset Relief (TARP)...
- Bank of America, Wells Fargo and Citibank to Accept California IOUs as Deposits Bank of America (NYSE: BAC), CitiBank (NYSE:C), Wells Fargo (NYSE: WFC) have announced they will start accepting state-issued IOUs from customers as deposit. Wells Fargo will begin accepting California’s state-issued IOUs on September 4th, the first that that IOUs can be redeemed by the state. Bank of America will follow...
Wells Fargo, Bank of America, Wachovia and Other Major Banks are Ripping You Off. Have you ever considered why you chose the bank that you bank at? Was it because your parent’s bank there, it’s close to your house, or that it was the first place you stopped at? Most of us end up banking at large mega-banks with billions of dollars in...- Editorial: J.P. Morgan Chase & Co. (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America Corp. (NYSE:BAC) and Morgan Stanley (NYSE:MS) Increase Political Donations as Key Decisions Loom Lobbying by large financial firms has been relatively quiet during the period they were receiving government bailouts, as it would have looked foolish and unethical to be receiving taxpayer funds while then turning around and making donations to politicians. Now that period is over though, as large banks and financial...
- Will Hyperinflation Hit Canada? Some readers have been asking about the prospect that a US-led hyperinflation would extend into Canada. The short answer is that it depends on how much of an economic bully the US administration is going to be to its trading partners. Unfortunately, Canada's export trade is not very well diversified. ...
AMERICANS GET MORTGAGE RELIEF, CANADIANS GET MORE GOUGING Â BY LINDA LEATHERDALE Before visiting Canada yesterday, the new messiah for America, U.S. President Barack Obama was busy doling out more bailout money. And finally, after billions went to Wall Street, with bank brass treating themselves to fat-cat bonuses paid for by the taxpayer - some of the money...
Moving Away From U.S. Dependence, Canada Works to Diversify Its Exports and Service Sector The oft-touted problem whenever the loonie begins to rise against the US dollar is that it will hurt Canada's exports to the U.S.. If the rise is too quick or too much, the Finance Minister - currenty Jim Flaherty - has been known to step in and threaten "intervention" to...- Bank of America blueprint for 2010 When May 2009 began, the stress test results more or less indicted Bank of America asking it to raise $34 billion in fresh equity to cover its gap. This came on the heels of its questionable act ( Kenneth Lewis is still responding to the resulting enquiries) in first accepting...
- Citigroup, Bank of America and Others Lend $15 billion through Federal Reserve’s TALF Program Citigroup (NYSE: C) and Bank of America (NYSE: BAC) sold the most out of a group of banks that sold $15 billion in asset-backed debt, the highest total since June, before the September 3rd deadline for the 7th round of the Federal Reserve’s Term Asset-Backed Securities Loan Facility Program (TALF)....
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