The Wall Street Journal examined fourth-quarter results for 10 of the 13 biggest recipients of capital injections from the Treasury Department, finding that loan balances fell 1.4% from the third quarter. Among the banks with reductions in outstanding loans were Bank of America (BAC), Citigroup (C) and JP Morgan (JPM). On the flip side, US Bancorp (USB), BB&T (BBT) and SunTrust Banks (STI) saw modest increases to their portfolios.
Bank executives refute criticism they’re greedily hoarding the cash they received from the Troubled Asset Relief Program, or TARP, saying it’s unrealistic to expect them to both build a cushion against future losses and aggressively make new loans. With consumer and business balance sheets alike smarting from a brutal 2008, low-risk lending is increasingly difficult to find.
Modest increase in lending with all the taxpayer money given to BB&T????
Funnie, you lost me on this one. i've been with you on most of your ramblings, but being a former Marine don't quite follow you on this statement. i've been around more than most on this board. started trading in 1965 and was not a spring chicken. times were easy then--not that way now. not a bank retiree so i don't claim to be an expert in banking stock. don't know much about many things but some subjects i know a lot. i've got you pegged as a pretty reasonable person. spoor and inlet are well versed but sometimes seem not to be able to take the heat. i think inlet and i probably live very close on the coast of NC
game is just getting started, patience there sPOOR, we are only in the 2nd inning of the BBT destruction
it's said that money is the root of all evil, but the real saying is the love of money is the root of all evil -- nice going there sPOOR, your wife must be proud of you
group of marines met up against only 2 north koreans, and got all the azzes kicked, cuz respect is a far more admirable quality than resistance
running a charter gives you experience, nothing more nothing less