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anonymous

Wall Street abre al alza, a pesar de la rebaja en la estimación de crecimient... - 0 views

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    El banco llevó sus estimaciones al 3,1%, desde el 3,4% anterior. Pero las bolsas estadounidenses festejan que Warren Buffet haya decidido inyectar 5.000 millones de dólares en Bank of America (BAC).
anonymous

Wall Street aguarda expectante una semana con muchos resultados - 0 views

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    Se espera un desfile de resultados negativos en el Citigroup, Bank of America, Wells Fargo, Goldman Sachs y Morgan Stanley, entre otros, además de publicaciones como de Apple, HP, IBM, Verizon y Cola-Cola.
Adalberto Palma

The Shrinking U.S. Banking Sector: On Balance, Who Benefits? - 0 views

  • There were 157 bank failures in the country last year, the most since 1992, according to the Federal Deposit Insurance Corporation (FDIC)
  • consolidation process is now under way.
  • 6,529 commercial banks and 1,128 savings institutions by the end of this year. That is a 4.4% decline from the previous year, and it leaves the country with nearly half as many institutions as it had 20 years ago
  • ...34 more annotations...
  • wave of consolidation occurred in 1994
  • Kenneth H. Thomas
  • not all customers will benefit from greater consolidation
  • U.S. federal government rolled out various laws in 1784 to encourage multiple banks in individual states.
  • In 1933 alone, about 4,000 commercial banks and 1,700 savings and loans institutions failed.
  • "Many small banks feel that they are being pushed out of existence by new regulations,
  • swing of the pendulum last year, consolidation returned to 1994 levels. But in contrast to previous times, much of the consolidation has been due to failures
  • Loretta J. Mester
  • "In the short term, I think consolidation will pick up as weaker banks go through mergers and acquisitions, and stronger banks take time to get their capital shored up" in their pursuit of greater efficiency and economies of scale,
  • experts expect consolidation to continue, and predict that the trend will leave the banking system better off in the long run. "We don't really need as many banks as we used to,"
  • have less than $1 billion of assets, but account for 92% of all banks and savings institutions,
  • Dodd-Frank Wall Street Reform and Consumer Protection Act was a death knell
  • institutions that will likely be hardest hit by all this activity will be the community banks
  • Their plight hasn't been lost on the FDIC, which has launched various initiatives to give community banks some relief.
  • guidelines that lighten requirements for how these banks manage customers whose accounts are consistently overdrawn.
  • borrowers with low incomes or bad credit are significantly less likely to default on loans if they borrow from a local bank than if they receive a loan from a distant bank or mortgage company.
  • Todd A. Gormley,
  • "Smaller firms and local individuals trying to get loans from larger banks could be a subset of the population that is worse off because of consolidation,
  • concentration in geographic markets
  • are an important factor in the reciprocal relationship between lender and borrower
  • consolidation also leaves a handful of banks controlling the majority of certain types of products.
  • Four "mega banks" -- Wells Fargo, Bank of America, JPMorgan Chase and Citigroup -- now hold three-fifths of the home mortgage market, which limits consumers' choice of products and their ability to shop around for competitive pricing. "It's a textbook issue of a concentration of power," Guttentag says. "A limited number of firms control the market, and they will engage in implicit collusion."
  • community banks play an important role in local economies. They typically have close relationships with individual customers
  • some cities, states and regions have just one dominant bank.
  • Pittsburgh metropolitan area, PNC Bank has 47% of the deposit share, according to the FDIC. The second-largest bank in the area is Citizens Bank of Pennsylvania, which has 8.5% of the deposit share.
  • no limits on deposit shares in certain markets, 1994's Riegle-Neal Act imposes a 10% cap on nationwide deposits for a single bank.
  • Treasury Department is now looking into modifying the cap to include all consolidated liabilities.
  • consumers need not worry
  • Mester
  • While the total number of banks may be declining, the number of branches isn't.
  • In the last 10 years, the number of bank branches nationwide has increased 15%, although that expansion has primarily involved banks with $500 million or more in assets. The number of branches dropped slightly for the first time in a decade in 2010.
  • Guttentag
  • the number of banks will continue to shrink, but he doubts the U.S. will ever look like, say, Canada -- which has just 22 banks. Indeed, if consolidation continues as it has over the past 20 years at the average annual rate of 3.3%, it would take 60 years for the total number to fall below 1,000 banks and nearly 130 years to get below 100.
  • if the number of banks shrinks from 6,000 to 100, if those 100 are operating in all market segments and if consumers have many options, there is no reason for concern," Guttentag
anonymous

Expectativas positivas para la Bolsa de México - 0 views

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    El IPC rompió una importante resistencia ubicada en los 37.500 puntos, que ahora representa el soporte que debe ser respetado para mantener la tendencia ascendente hacia el máximo histórico, de acuerdo con el experto de MetAnálisis.
anonymous

Las señales técnicas indican avances para la Bolsa de México - 0 views

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    Según el experto de MetAnálisis, junto con las señales técnicas positivas que muestra el IPC, destaca el alto volumen de negociación, las ganancias que generan las acciones de Cemex y la recuperación de las de América Móvil.
anonymous

Wall Street orquesta el mayor rally del año, antes del comunicado de la Fed - 0 views

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    Según el analista de Infosel, los índices bursátiles en los EE.UU. mantienen el optimismo respecto a que la Reserva Federal aliviará la difícil situación en su comunicado de política monetaria.
anonymous

Otro varapalo de magnitud en Wall Street - 0 views

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    La volatilidad, el miedo a la profundización de la crisis en Europa y la falta de confianza en la recuperación económica en los EE.UU. desataron una ola de ventas de gran magnitud en Wall Street.
anonymous

El sector financiero da pies al rebote del Dow Jones - 0 views

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    A media jornada, Wall Street mantiene el tono positivo que mostrara en las primeras horas de la operativa gracias al rebote de 3,12% en el subíndice ligado al sector financiero.
anonymous

Europa y la banca se llevan por delante a Wall Street - 0 views

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    El temor al empeoramiento de la crisis de deuda europea y la demanda del gobierno estadoundiense contra más de una docena de bancos por el rol que desempeñaron en la crisis financiera provoca pérdidas superiores al 1% en Wall Street.
anonymous

Cierran en rojo los 30 valores del Dow Jones - 0 views

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    Wall Street cierra en negativo después de que el gobierno alemán ponga en duda que en la cumbre europea del próximo fin de semana se alcanzarán acuerdos importantes para avanzar en la solución de la crisis del euro.
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