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Benzinga’s Top Pre-Market Gainers (POZN, BPOP, BPAX, AIXG, ACLS)
Monday, May 3, 2010 - 9:02am | 189Read More...Pozen Inc (NASDAQ: POZN) soared 16.87% to $12.68 in the pre-market session. The US Food and Drug Administration has approved POZN’s arthritis treatment Vimovo. Popular, Inc (NASDAQ: BPOP) added 7.59% to $4.25 in pre-market trading. BPOP’s banking subsidiary has acquired assets and assumed all...
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FDIC Proposes Charging Banks According To Risk (KBE) (KRE)
Tuesday, April 13, 2010 - 11:01am | 148Read More...The Federal Deposit Insurance Corp. (FDIC) decided on Tuesday morning to propose charging banks fees that are tied to the banks' risk taking. The move would see fees for riskier banks increased, while fees for smaller banks and safer big banks could be lowered. The new method would do away with the...
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Wunderlich Securities Reiterates Bank of the Ozarks (OZRK) Buy Rating
Monday, March 29, 2010 - 10:00am | 192Read More...Wunderlich Securities analyst Kevin Reynolds reiterated his Buy rating for shares of Bank of the Ozarks (Nasdaq: OZRK), with a price target of $40. Bank of the Ozarks announced last Friday that it was going to do an FDIC-assisted acquisition of Unity National Bank, a failed Cartersville, Georgia...
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WaMu Files Ch. 11: Stock Crashes
Saturday, March 27, 2010 - 7:01pm | 83Read More...Washington Mutual, Inc. has filed Chapter 11 bankruptcy protection only a couple of weeks after the resolution of the $4 billion conflict with JPMorgan Chase & Co. (NYSE: JPM) and the FDIC. Their proposed plan, that has yet to be approved by the judge, would create a $7 billion trust fund....
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Bank Lending Decline in 2009 - Largest Since the 1940’s
Wednesday, February 24, 2010 - 1:25pm | 180Read More...Bank Loans Cut 7.5% In 2009 – "702 Banks Could Fail," Bair Says Yesterday, FDIC head Sheila Bair spoke on the state of the banking industry. The Washington Post reported today, in an article covering the Bair speech, that banks cut lending 7.5%, in 2009. That was the largest annual decline since...
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Horizon Bank Is The First Bank To Fail In 2010
Saturday, January 9, 2010 - 3:17pm | 147Read More...Horizon Bank (NASDAQ: HRZB) has the undesirable distinction of becoming the first American bank failure of the year 2010. The bank's 18 branches were seized by Washington state regulators on Friday. Washington Federal Inc. (NASDAQ: WFSL) quickly moved into acquire the failed bank. Most customers of...
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The Banking Collapse Continues - 140 and Growing
Sunday, December 20, 2009 - 12:19am | 159Read More...Despite the claims of being on the brink of economic recovery, this Friday alone six more banks closed. Adding these six to the mix brings the overall total of closed banks this year to 140. Independent Bankers' Bank (IBB) falls into the category of banks that closed this week, referencing their...
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FDIC Report:25% of US Households Lack Access to Banks
Wednesday, December 2, 2009 - 6:23pm | 137Read More...30 million American households lack access to bank accounts including more than 1 million who lost access in the last year alone according to a new survey undertaken by the FDIC. Low income households and low earners are the most likely to avoid banks and their higher fees and minimum balance...
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GMAC May Receive Third Bailout From The Government (GMA)
Wednesday, October 28, 2009 - 11:26am | 138Read More...GMAC Inc. (NYSE: GMA) is in talks to receive another bailout from the government amounting between $2.8 billion to $5.6 billion on top of the $13.5 billion already issued to them. In exchange of the bailout, the federal government will be receiving preferred stock that could expand their already 35...
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Three More Banks Closed By FDIC
Sunday, October 4, 2009 - 2:28pm | 95Read More...The number of closed banks this year rose to 98, as three more banks were closed by FDIC on Friday. Warren bank of Michigan is one of them. It had $538M in assets and $501M in deposits which were taken over by Huntington National Bank of Ohio. Jennings State Bank in Minnesota and Southern Colorado...
