2011 Bank Failures

JPMorgan Chase's income rises 13 percent in 2Q
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NEW YORK (AP) — JPMorgan Chase & Co. says its second-quarter income rose 13 percent as the bank collected higher fees from equity and debt underwriting in its investment banking business. The bank also cut losses in its credit card portfolio.
The New York bank earned $5.4 billion, or $1.27 per share. It earned $4.8 billion, or $1.09 per share, in the same quarter last year. Analysts surveyed by FactSet forecast the bank would earn $1.22 per share.
Profit in the investment bank jumped 49 percent to $2.1 billion. The bank was able to increase its earnings by reducing its loan loss reserves on its credit card portfolio by $1 billion as more people paid their bills on time.
JPMorgan's stock rose 2. percent to $40.50 in pre-market trading Thursday.


http://news.yahoo.com/jpmorgan-chases-income-rises-13-percent-2q-112944634.html
 
James48843 said:
Only one Bank Failure reported by FDIC so far tonight:

Coastal Bank, Cocoa Beach, Florida.

That one joined the ones that went belly up last week.
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Yeah, its called "hope & change" RECOVERY SUMMER 2010 part two.........starring Joe Biden. :D
 
If my blood boils much more it will have all evaporated away. So I better not watch it.
 
Happy Trails said:
Has anyone seen the HBO movie Too Big to Fail? The big banks scare the you know what out of me. I doubt that we have seen the end of the failures. That movie is sobering.
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Even better than that one is the documentary called Inside job. That one will make your blood boil at the levels of corruption in corporate and political America.
 
Has anyone seen the HBO movie Too Big to Fail? The big banks scare the you know what out of me. I doubt that we have seen the end of the failures. That movie is sobering.
 
Only one Bank Failure reported by FDIC so far tonight:

Coastal Bank, Cocoa Beach, Florida.

That one joined the ones that went belly up last week.

___ Bank Name City State CERT # Acquiring Institution Closing Date Updated Date


Coastal Bank Cocoa Beach FL 34898 Florida Community Bank, a division of Premier American Bank, N.A. May 6, 2011 May 6, 2011


Last week's list:

Community Central Bank Mount Clemens MI 34234 Talmer Bank & Trust April 29, 2011 May 4, 2011

The Park Avenue Bank Valdosta GA 19797 Bank of the Ozarks April 29, 2011 May 5, 2011

First Choice Community Bank Dallas GA 58539 Bank of the Ozarks April 29, 2011 May 5, 2011

Cortez Community Bank Brooksville FL 57625 Florida Community Bank, a division of Premier American Bank, N.A. April 29, 2011 May 4, 2011

First National Bank of Central Florida Winter Park FL 26297 Florida Community Bank, a division of Premier American Bank, N.A. April 29, 2011 May 4, 2011
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How about criminal charges for bank perjury and bank fraud too? Otherwise they'll just keep doing the same old same old they've been doing, handslaps won't do it.
 
Frixxxx

Frixxxx

Moderator
F.D.I.C. Seeks $2.5 Billion From Execs of Failed Banks


Story

The F.D.I.C. said Tuesday that as of mid-December it had authorized suits against 109 directors and officers of failed financial institutions as it tries to recover nearly $2.5 billion.

Let the failures begin!
 
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