Filed underZombie Banks
The branch-based banking model is dead
offshore broker
Oct 6, 2009 ... Twitter @offshorebroker: The branch-based banking model is
dead (UPDATE) http:// ping.fm/x2shC <<<. Leave a comment ...
<http://offshorebroker.livejournal.com/2009/10/06/>
Oct 6, 2009 ... Twitter @offshorebroker: The branch-based banking model is
dead (UPDATE) http:// ping.fm/x2shC <<<. Leave a comment ...
<http://offshorebroker.livejournal.com/2009/10/06/>
Too Big To Fail, Too Small To Survive: Small Bank Failures Mount, While Profit At Big Banks Soars
Too Big To Fail, Too Small To Survive: Small Bank Failures Mount, While Profit At Big Banks Soars On Wall Street, they may be popping the champagne bottles over big bank profits this past quarter. But times are tough for small to mid-size banks around the country as failures mount higher and higher. The top 10 bailed-out banks -- Citigroup, Bank of America, JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, PNC Financial, U.S. Bancorp, SunTrust and Capital One - have reported combined profits this year of $13.5 billion in the first quarter, $16.8 billion in the second quarter and $11 billion in the third quarter after a massive $18 billion loss in the fourth quarter of 2008.
Break ING up of ING continued... who's next..?
Bailed-Out Bank Execs Paid 40 Pct More Than Peers: "average CEO pay was 430 times larger than for typical workers"
http://www.bloomberg.com/apps/news?pid=20601087&sid=axp8.r40LFLE
Execs At Bailed Out Banks 40% Higher Than Peers: Report
The heads of the 20 banks that have received the biggest government bailouts were paid nearly 40 percent more last year than other CEOs, a study released today shows.
