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Banks conditions
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MiddleClassMaiden
rick152
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Banks conditions
http://us.mg3.mail.yahoo.com/neo/launch?.rand=1156284739&action=showLetter&umid=1_225867_ANbGtEQAAFk3T1%2F%2BGgLQ0BnCPjY&box=Inbox
Link above is to recaps story aquired from the Get Team site. It talks about a banking "test"for under a "stability under stress" Stress that would be seen if their was another meltdown in the economy. We have all heard (some believe and some do not) yet another economic meltdown is coming to the U S and the rest of the world. This fed testing of the banks simulated a 13% unployment and another 21% fall in the housing market. IMO I do not know if the projected upcoming fall to the economy will be that bad but I do believe we will be seeing another economic setback and soon. This article (and others) might be good for all to avial themselves of some advance warning and also a bit of research into the bank (s) you may be anticipateing using in the future. I will enjoy what you have to say after this article. Have a good evening and Love each other and yourself ...rick152
http://finance.yahoo.com/news/fed-says-top-banks-fared-203609452.html
(Reuters) - Most of the largest banks passed their annual stress test, the Federal Reserve revealed in an earlier-than-expected release of the results, after JPMorgan Chase pulled the trigger on announcing its glowing marks and helped lift the stock market.
But the failing grade for Citigroup, the nation's third-largest bank, was a substantial surprise. Going into the tests some analysts felt it had a better chance of a positive surprise than any other financial institution.
The Fed said on Tuesday that 15 of the 19 banks tested could take a financial shock that would see unemployment hit 13 percent and housing prices drop 21 percent.
MetLife, the largest life insurer in the United States, was also among the four financial institutions that failed the exam, which applied worst-case stress scenarios looking out through the end of 2013.
Ally Financial and SunTrust were also at the bottom of the heap.
Among the winners was JPMorgan, which has been agitating for regulators to loosen the handcuffs on the ability of banks to raise dividends and buy back stock.
The Fed uses the annual stress tests to give the markets a window into the health of the U.S. bank industry, and also determine if individual banks are strong enough to reduce their capital buffers.
JPMorgan, in a surprise to markets, announced around 3 p.m. EDT (1900 GMT) that the Fed had given it permission to raise its quarterly dividend by a nickel to 30 cents and buy back as much as $12 billion of stock this year.
The news helped the U.S. stock market post its best day this year.
The Fed had been scheduled to release the test results after markets closed on Thursday. A senior Federal Reserve official told reporters that it came to the Fed's attention Monday evening that there may have been an inadvertent release of some information.
The Fed official, who could not be quoted by name, said JPMorgan's announcement was the result of less-than-perfect communication between the bank and its regulator, and said that nobody at JPMorgan was at fault.
Regarding the outcome of the tests, the Fed official said the capital positions of U.S. banks has improved substantially in the last three years.
The Fed took a tough line with the banks, and in a number of instances, the central bank's estimates of banks' losses under the hypothetical financial shock were larger than the firms' own, the official said.
The Fed faces pressure to be tough enough so that the tests have credibility, but not so tough that the results spook markets.
"Overall, we can't complain that these tests weren't rigorous enough and it's good to know that most banks would at least survive another global financial meltdown. Nevertheless, this doesn't mean that the U.S. economy would be unaffected by a meltdown in Europe," said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto.
The Fed released 82 pages of detailed information showing how the 19 banks fared under the hypothetical stress scenario.
The regulator left it to the banks themselves to reveal if they had received permission to boost dividends or buy back stock.
The regulator said Citigroup, Ally Financial and SunTrust fared worst under the hypothetical shock, with Tier 1 common capital ratios of 4.9 percent, 4.4 percent, and 4.8 percent respectively.
MetLife failed the stress tests on the basis of its risk-based capital ratio. At a 6 percent minimum, it was lower than any of the other banks examined.
The bank holding companies that came out top were Bank of New York Mellon with a Tier 1 common capital ratio of 13.1 percent under the hypothetical financial shock, State Street Corp with 12.5 percent and American Express with 10.8 percent.
Wells Fargo was allowed to increase its quarterly cash dividend rate to 22 cents, while U.S. Bancorp got permission for a 56 percent increase in its dividend to 78 cents.
BB&T declared a 4 cent quarterly increase per share for 2012, and American Express and KeyCorp both said they got permission for both a dividend increase and stock repurchase.
PNC said it received no objection for a dividend raise and modest stock repurchase program.
(Reporting by Jonathan Stempel in New York; Additional reporting by David Henry, Rick Rothacker, Ben Berkowitz; Writing by Karey Wutkowski; Editing by Tim Dobbyn)
Link above is to recaps story aquired from the Get Team site. It talks about a banking "test"for under a "stability under stress" Stress that would be seen if their was another meltdown in the economy. We have all heard (some believe and some do not) yet another economic meltdown is coming to the U S and the rest of the world. This fed testing of the banks simulated a 13% unployment and another 21% fall in the housing market. IMO I do not know if the projected upcoming fall to the economy will be that bad but I do believe we will be seeing another economic setback and soon. This article (and others) might be good for all to avial themselves of some advance warning and also a bit of research into the bank (s) you may be anticipateing using in the future. I will enjoy what you have to say after this article. Have a good evening and Love each other and yourself ...rick152
http://finance.yahoo.com/news/fed-says-top-banks-fared-203609452.html
(Reuters) - Most of the largest banks passed their annual stress test, the Federal Reserve revealed in an earlier-than-expected release of the results, after JPMorgan Chase pulled the trigger on announcing its glowing marks and helped lift the stock market.
But the failing grade for Citigroup, the nation's third-largest bank, was a substantial surprise. Going into the tests some analysts felt it had a better chance of a positive surprise than any other financial institution.
The Fed said on Tuesday that 15 of the 19 banks tested could take a financial shock that would see unemployment hit 13 percent and housing prices drop 21 percent.
MetLife, the largest life insurer in the United States, was also among the four financial institutions that failed the exam, which applied worst-case stress scenarios looking out through the end of 2013.
Ally Financial and SunTrust were also at the bottom of the heap.
Among the winners was JPMorgan, which has been agitating for regulators to loosen the handcuffs on the ability of banks to raise dividends and buy back stock.
The Fed uses the annual stress tests to give the markets a window into the health of the U.S. bank industry, and also determine if individual banks are strong enough to reduce their capital buffers.
JPMorgan, in a surprise to markets, announced around 3 p.m. EDT (1900 GMT) that the Fed had given it permission to raise its quarterly dividend by a nickel to 30 cents and buy back as much as $12 billion of stock this year.
The news helped the U.S. stock market post its best day this year.
The Fed had been scheduled to release the test results after markets closed on Thursday. A senior Federal Reserve official told reporters that it came to the Fed's attention Monday evening that there may have been an inadvertent release of some information.
The Fed official, who could not be quoted by name, said JPMorgan's announcement was the result of less-than-perfect communication between the bank and its regulator, and said that nobody at JPMorgan was at fault.
Regarding the outcome of the tests, the Fed official said the capital positions of U.S. banks has improved substantially in the last three years.
The Fed took a tough line with the banks, and in a number of instances, the central bank's estimates of banks' losses under the hypothetical financial shock were larger than the firms' own, the official said.
The Fed faces pressure to be tough enough so that the tests have credibility, but not so tough that the results spook markets.
"Overall, we can't complain that these tests weren't rigorous enough and it's good to know that most banks would at least survive another global financial meltdown. Nevertheless, this doesn't mean that the U.S. economy would be unaffected by a meltdown in Europe," said Paul Ashworth, chief U.S. economist at Capital Economics in Toronto.
The Fed released 82 pages of detailed information showing how the 19 banks fared under the hypothetical stress scenario.
The regulator left it to the banks themselves to reveal if they had received permission to boost dividends or buy back stock.
The regulator said Citigroup, Ally Financial and SunTrust fared worst under the hypothetical shock, with Tier 1 common capital ratios of 4.9 percent, 4.4 percent, and 4.8 percent respectively.
MetLife failed the stress tests on the basis of its risk-based capital ratio. At a 6 percent minimum, it was lower than any of the other banks examined.
The bank holding companies that came out top were Bank of New York Mellon with a Tier 1 common capital ratio of 13.1 percent under the hypothetical financial shock, State Street Corp with 12.5 percent and American Express with 10.8 percent.
Wells Fargo was allowed to increase its quarterly cash dividend rate to 22 cents, while U.S. Bancorp got permission for a 56 percent increase in its dividend to 78 cents.
BB&T declared a 4 cent quarterly increase per share for 2012, and American Express and KeyCorp both said they got permission for both a dividend increase and stock repurchase.
PNC said it received no objection for a dividend raise and modest stock repurchase program.
(Reporting by Jonathan Stempel in New York; Additional reporting by David Henry, Rick Rothacker, Ben Berkowitz; Writing by Karey Wutkowski; Editing by Tim Dobbyn)
rick152- VIP Member
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Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
Re: Banks conditions
GREAT POST rick152! Seems as if this NEWS has spread like wildfire across Washington Post, Bloomberg and a host of other news outlets:
CHECK OUT the VIDEO: Bank 'stress tests' explained (2:25)
Mar. 13, 2012 - The Federal Reserve's yearly stress tests are designed to ensure that banks can withstand a financial crisis. Of the 19 banks tested, 15 passed this year. (CBS News)
http://www.washingtonpost.com/business/economy/bank-stress-tests-explained-225/2012/03/13/gIQA2YCTAS_video.html
MiddleClassMaiden :flower:
CHECK OUT the VIDEO: Bank 'stress tests' explained (2:25)
Mar. 13, 2012 - The Federal Reserve's yearly stress tests are designed to ensure that banks can withstand a financial crisis. Of the 19 banks tested, 15 passed this year. (CBS News)
http://www.washingtonpost.com/business/economy/bank-stress-tests-explained-225/2012/03/13/gIQA2YCTAS_video.html
MiddleClassMaiden :flower:
MiddleClassMaiden- Elite Member
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Join date : 2011-07-26
Re: Banks conditions
Great! Thanks MCM for this yet another place to see and add to our knowledge of the banks we deal with on a daily basis ...rick152
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so please;
Love each other and yourself ...rick152
rick152- VIP Member
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Join date : 2011-06-19
Age : 66
Location : Eastern Ohio
Re: Banks conditions
These "stress tests" are done every few months, I guess they are tying to see which banks have what assets, or enough assets.
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Being defeated is often a temporary condition. Giving up is what makes it permanent.
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Yesterday would have been better, but today is a good day
Remember as always, JMHO
Rantings from just north of sixty
1alaskan- Elite Member
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Join date : 2011-06-21
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Re: Banks conditions
Iraqi Central intensify its efforts to delete the zeros of the Iraqi currency
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الثلاثاء 2012/3/13 10:11 ص
Tuesday, 13/03/2012 10:11 1
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بغداد - أ ش أ: يواصل البنك المركزي العراقي العمل على مشروع حذف الأصفار من العملة العراقية.
BAGHDAD - ASHA: the Iraqi Central Bank continues to work on the project to delete the zeros of the Iraqi currency. وقال مستشار البنك مظهر محمد صالح - في تصريح لراديو (سوا) اليوم الثلاثاء - "إن اللجنة المكلفة بوضع لبنات مشروع حذف الأصفار من العملة العراقية في طور إكمال أعمالها" ، مشيرا إلى أن المشروع سيبدأ تنفيذه مطلع العام المقبل.
The bank adviser said the appearance of Mohammed Saleh - in a statement to Radio Sawa on Tuesday - "The Committee is tasked with developing the project to delete blocks of zeros of the Iraqi currency in the process of completing its work," noting that the project will be launched early next year. ولفت صالح إلى أن العملة الجديدة احتوت فئات ورقية ومعدنية ، مشددا على أهمية مشروع حذف الأصفار في تسهيل المعاملات المالية ، وأوضح أن المصارف الحكومية تعد المنفذ الوحيد لعملية استبدال العملة التي ستستمر على مدى عامين.
He noted the benefit to the new currency that contained the categories of paper and metal, stressing the importance of the project to delete zeros in facilitating financial transactions, and pointed out that government banks are the only outlet for the process of replacing the currency that will continue over two years. يذكر أن المادة 36 من قانون البنك المركزي العراقي تمنحه الحق باستبدال العملة
It is noteworthy that Article 36 of the Law on Central Bank of Iraq gives him the right to replace the currency وتعديلها وفق لائحة رقابية تنظم عمل العملة الجديدة.
And adjusted according to the list of control governing the work of the new currency.
donnyc2919- New Member
- Posts : 18
Join date : 2011-11-23
Re: Banks conditions
Can we use the word "lift" instead of "Delete" please. I think it does make a difference.
For example: i want to put a lift kit on my truck.
I want to put a delete kit on my truck. LOL
Now I know it's not the same context, but just for show purposes. It allows us to see a visible difference in verbage.
Thank you
For example: i want to put a lift kit on my truck.
I want to put a delete kit on my truck. LOL
Now I know it's not the same context, but just for show purposes. It allows us to see a visible difference in verbage.
Thank you
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Clydesdale- Elite Member
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Join date : 2012-01-24
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Location : In my Father's House
Re: Banks conditions
....and I love to be close to a bear female.
Often, the wrong spelling of the word can get you into much trouble!! Not to mention the physical condition.
Often, the wrong spelling of the word can get you into much trouble!! Not to mention the physical condition.
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Never Argue With A Fool – They Will Drag You Down To Their Level, Then Beat You With Experience!
bigdaddytim- VIP Member
- Posts : 778
Join date : 2011-08-09
Location : Texas
Re: Banks conditions
yes thank you BDT very very true.
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JESUS IS KING :king: GOD BLESS YOU ALL
Clydesdale- Elite Member
- Posts : 293
Join date : 2012-01-24
Age : 43
Location : In my Father's House
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