Doubts about the impact of heightened capital requirements and other banking regulations on profits, combined with uncertainty about risks related to the euro-zone's debt problems, have prompted banks to consolidate their balance sheets and cut back
The problem for Fuld centered on regulators continued questioning of how much business he was generating at the firm and Fuld’s inability to obtain brokerage licenses from state regulators, according to people with direct knowledge of the matter.
China may become Bank of America's largest revenue and profit contributor in Asia Pacific in two years, according to Huang, who declined to say where the business ranks now.
The findings of the Global Risks Atlas 2012, released by risk analysis firm Maplecroft, indicate that strong economic performance in the BRICs has not translated into improved societal resilience or governance, which constrain a country’s ability to
The partnership includes investment banking services such as inbound and outbound M&A as well as equity capital markets transactions. In securities, the agreement provides for exclusive cooperation in institutional equity sales, co-branded research to
CFTC data shows that there are currently net speculative long positions in the Nasdaq, US treasuries and oil. Since 1999 the average 6m performance of MSCI Europe post such an occurrence is -6.6% and the probability of a rising market is just 19%.
Encore Bancshares, Inc today reported fourth quarter 2011 net earnings of $2.1 million, or $0.17 per diluted common share and full-year net earnings of $7.2 million or $0.11 per diluted common share after deducting preferred dividends for each period.
Net Income for the 2011 Fourth Quarter Reached a Record $40.0 Million, or $0.85 Diluted Earnings Per Share, An Increase of $9.6 Million, or 31.8 Percent, from $30.3 Million, or $0.72 Diluted Earnings Per Share Reported in the 2010 Fourth Quarter.