tag:blogger.com,1999:blog-3331002508493257208Sun, 05 Oct 2014 05:52:58 +0000Credit MarketsEconomyPrivate BankingWealthy LifestylesLending StandardsCredit Tips & Discussions | Credit Markets | High Net Worth Lifestyleshttp://privatebankinglending.blogspot.com/noreply@blogger.com (Tim Hoskins)Blogger84125tag:blogger.com,1999:blog-3331002508493257208.post-8421241433941944413Mon, 26 Apr 2010 14:16:00 +00002010-04-26T07:18:36.532-07:00Credit MarketsEconomyFirst-quarter results from the four biggest banks have been upbeat and have given markets confidence that the credit crisis is waning. Bank of America, JPMorgan Chase, Citigroup and Wells Fargo posted combined profits of $13.4 billion in the three months ended March 31. "This quarter is confirmation that credit has turned a corner," said Charles Peabody, an analyst at Portales Partners.Read Morehttp://privatebankinglending.blogspot.com/2010/04/credit-crisis-may-be-over-for-big-banks.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-6474871623173283093Thu, 11 Mar 2010 15:13:00 +00002010-03-11T07:15:25.723-08:00Credit MarketsEconomyBank of America, GMAC Financial Services and other companies are selling bonds at a pace that could make this the busiest week so far this year. "It tells us that financial liquidity is very much on the rise," said John Lonski, chief economist at Moody's Investors Service. "No longer do corporations suffer from a dearth of liquidity. This puts them in a better position to take advantage of http://privatebankinglending.blogspot.com/2010/03/companies-signal-confidence-in-economy.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-7418503092873515948Tue, 09 Mar 2010 14:58:00 +00002010-03-09T07:01:04.071-08:00Credit MarketsLending StandardsWells Fargo Bank has lent $350 million to clean-technology companies under a group it formed to target this sector. Called the National Cleantech Group, the new unit was formed last fall and now has 100 clients, many of them in the solar-energy sector.Read More (bizjournals.com / smartbrief.com)http://privatebankinglending.blogspot.com/2010/03/wells-fargo-clean-technology-lending.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-5062787351832981903Tue, 02 Mar 2010 15:15:00 +00002010-03-02T07:17:50.423-08:00EconomyFor the fourth straight month, consumer spending in the U.S. increased. The 0.5% boost in purchases in January exceeded expectations and offered an indication that consumers may help spur the recovery. "I view the consumer as playing a secondary role, not leading the recovery but going along for the ride," said Nigel Gault, chief U.S. economist at IHS Global Insight. "As employment improves then http://privatebankinglending.blogspot.com/2010/03/daily-economic-indicator-consumer.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-4807975198372185302Fri, 19 Feb 2010 15:07:00 +00002010-02-19T07:10:02.009-08:00Credit MarketsEconomyAnalysts said a wave of foreclosure on commercial properties likely will hit community banks especially hard. "There's been an enormous bubble in commercial real estate, and it has to come down," said Elizabeth Warren, chairwoman of the Congressional Oversight Panel. "There will be significant bankruptcies among developers and significant failures among community banks."Read More (http://privatebankinglending.blogspot.com/2010/02/analysts-warn-of-foreclosure-crisis-in.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-5387434115266594482Wed, 17 Feb 2010 15:17:00 +00002010-02-17T07:19:44.522-08:00Credit MarketsColumnist Holman W. Jenkins Jr. explains how the thinking about the global financial crisis may be shifting away from blaming the banks. As the Financial Crisis Inquiry Commission is poised to consult with academic experts, the panel should revisit the question of whether the banks were insolvent or victims of a liquidity panic, Mr. Jenkins wrote.Read More (wsj.com/ smartbrief.com)http://privatebankinglending.blogspot.com/2010/02/commentary-banks-might-not-have-been.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-1452797456036592495Wed, 17 Feb 2010 15:13:00 +00002010-02-17T07:15:49.958-08:00Credit MarketsEconomyThe Treasury Department said loan origination by 11 banks that received money through the Troubled Asset Relief Program increased 13% in December compared with November. The Treasury also said the total loan balance dropped 1% during the month. Bank of America reported the most new loans at $64.6 billion, nearly a third of the total reported by the lenders surveyed.Read More (bloomberg.com / http://privatebankinglending.blogspot.com/2010/02/top-banks-that-received-tarp-funds.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-1648891911029224410Mon, 15 Feb 2010 19:30:00 +00002010-02-15T11:32:29.451-08:00EconomyAfter three years of homeowners' equity contracting in the U.S., the longest ever, the trend has reversed. The Federal Reserve's "flow of funds" survey shows that between the first and third quarters of 2009, homeowners' net equity increased almost $1 trillion.Read More (latimes.com / smartbrief.com)http://privatebankinglending.blogspot.com/2010/02/homeowners-are-building-up-equity-again.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-1492147494664587468Thu, 11 Feb 2010 15:03:00 +00002010-02-11T07:06:13.079-08:00Credit MarketsEconomyComerica, First Horizon and other regional banks are planning to ramp up their lending to small and medium-size businesses. "We are seeing more loans in the pipeline," said Ralph Babb, CEO at Comerica. The banks have been faced with deteriorating credit quality, but as they work through credit issues, they are making more loans. While the process may not be quick enough for the government, the http://privatebankinglending.blogspot.com/2010/02/daily-economic-indicator-regional-banks.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-8540370695193303907Thu, 04 Feb 2010 15:09:00 +00002010-02-04T07:11:27.633-08:00Credit MarketsEconomyInvestors bought $8.8 billion in new leveraged loans last month, compared with $38 billion worth sold last year, according to Standard & Poor's LCD. "The loan market is going to be a central theme of 2010 because it was still largely shut in 2009," said Tim Donahue, JPMorgan Chase's head of leveraged capital markets. "People are starting to look at it again as a source of financing for a variety http://privatebankinglending.blogspot.com/2010/02/leveraged-loan-financing-comes-out-of.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-3568087917570032671Wed, 03 Feb 2010 15:08:00 +00002010-02-03T07:10:59.711-08:00EconomyPrivate BankingMohamed A. El-Erian, CEO of Pacific Investment Management Co., said fragile economic growth and persistent unemployment might cause the stock market decline to worsen. He said investors had incorrectly priced in factors such as stimulus withdrawal and government efforts to restore economic growth. "Investors may well find that January's global equity sell-off was just a precursor to a http://privatebankinglending.blogspot.com/2010/02/warnings-about-continued-market.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-6032321465576523556Fri, 29 Jan 2010 15:24:00 +00002010-01-29T07:27:02.389-08:00EconomyThe U.S. economy appears to be picking up steam faster than many experts had expected. A broad range of Wall Street analysts forecast that the economy grew an annualized 4.6% in the fourth quarter, more than double the third quarter's 2.2%. That would mark the strongest quarterly expansion since 2006. Some estimates run as high as 6% GDP expansion for the quarter.Read More (wsj.com / http://privatebankinglending.blogspot.com/2010/01/us-economy-grew-46-in-q4-wall-street.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-7096180892419259718Mon, 25 Jan 2010 15:05:00 +00002010-01-25T07:07:51.505-08:00Wealthy LifestylesThroughout history, the ultrawealthy have hired trusted advisers to guide them through the social and psychological problems of wealth–from spoiled children and feckless relatives to philanthropy and lifestyle.John D. Rockefeller had Frederick Gates, who advised him on his charitable giving and family. Cornelius Vanderbilt employed ...Read More (wsj.com)http://privatebankinglending.blogspot.com/2010/01/rise-of-wealth-whisperers.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-2737048027425413151Thu, 21 Jan 2010 15:18:00 +00002010-01-21T07:20:51.202-08:00Credit MarketsEconomyBank of America, Wells Fargo and other banks reported quarterly earnings results that show losses on consumer loans are beginning to moderate. Bank executives said they expected the turnaround to continue this year, but they cautioned that slow economic growth and high unemployment would continue to pressure consumers. "We are encouraged by signs the economy is improving," said Brian Moynihan, http://privatebankinglending.blogspot.com/2010/01/daily-economic-indicator-banks-earnings.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-8088979112099954040Fri, 15 Jan 2010 14:57:00 +00002010-01-15T07:01:05.756-08:00EconomyWealthy LifestylesSallie Krawcheck, president of global wealth and investment management at Bank of America, said there were a few surprises in results of the Merrill Lynch Quarterly Affluent Insights Survey. Ms. Krawcheck said the survey showed that "affluent people are feeling incrementally better" and that they were "thinking about retirement really differently."Read More (cnbc.com / smartbrief.com)http://privatebankinglending.blogspot.com/2010/01/survey-shows-affluent-people-are-more.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-4652892417044347074Thu, 14 Jan 2010 15:15:00 +00002010-01-14T07:17:29.265-08:00Credit MarketsEconomyIssues in the commercial real estate market could spell trouble for regional banks as they typically have greater exposure to the market than their larger peers. Losses and reserves related to commercial property loans could spike, hitting the regional banks in an area they once relied on for profits.Read More (wsj.com / smartbrief.com)http://privatebankinglending.blogspot.com/2010/01/commercial-real-estate-woes-might-hit.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-7673658219654682897Wed, 06 Jan 2010 15:13:00 +00002010-01-06T07:17:00.977-08:00Credit MarketsEconomyFor the first time, the percentage of loans delinquent 30 days or more behind commercial mortgage-backed securities surpassed 6%, according to Trepp, a provider of real-estate data. The delinquency rate started 2009 at 1.21%. Increased delinquency was seen for all types of commercial property, including hotels, offices and multifamily structures.Read More (reuters.com / smartbrief.com)http://privatebankinglending.blogspot.com/2010/01/delinquency-rate-for-cmbs-reaches-607.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-7913870322474240968Wed, 23 Dec 2009 15:01:00 +00002009-12-23T07:03:44.736-08:00Credit MarketsEconomyPrivate BankingWith Standard & Poor's considering downgrading covered bonds, investors' options for triple-A debt are becoming limited to government and quasi-government debt. For many investors, government-related debt is not attractive, particularly as concern mounts about public finances.Read More (nytimes.com / smartbrief.com)http://privatebankinglending.blogspot.com/2009/12/investors-interested-in-triple-debt.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-738226359646840121Wed, 16 Dec 2009 14:56:00 +00002009-12-16T06:57:58.886-08:00EconomyFederal Reserve officials are expected to indicate they are increasingly optimistic about the economy, but that they are not yet ready to tighten monetary policy. The improving economy is increasing expectations among investors that the Fed, which is in the middle of a two-day meeting, will start withdrawing from its stimulus efforts and loose monetary policy.Read More (reuters.com / http://privatebankinglending.blogspot.com/2009/12/daily-economic-indicator-fed-expected.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-1270005792121107128Tue, 15 Dec 2009 15:26:00 +00002009-12-15T07:28:45.812-08:00Credit MarketsPrivate BankingJPMorgan Chase, Citigroup and Bank of America are preparing for a return of the market for collateralized debt obligations backed by high-yield loans. When the credit market froze, issuance in the CDO market plunged. "We are actively discussing the market environment with our clients, and think that they are going to be increasingly attracted both to the leveraged-loan asset class and http://privatebankinglending.blogspot.com/2009/12/largest-banks-prepare-for-comeback-of.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-832050808920236258Thu, 10 Dec 2009 15:02:00 +00002009-12-10T07:04:57.760-08:00Credit MarketsEconomyBill Gross, who runs Pacific Investment Management, said the Federal Reserve would likely maintain ultralow short-term interest rates throughout 2010 as economic growth remained weak. "If they move by even 25 or 50 basis points, the market will interpret that as 200, 300, 400 to come," Mr. Gross said. "And so the Fed is cemented (at ultralow levels) until the economy can stand 'the shock' of http://privatebankinglending.blogspot.com/2009/12/fed-likely-to-keep-rates-low-through.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-5861309853208572712Mon, 07 Dec 2009 14:53:00 +00002009-12-07T06:55:13.084-08:00EconomyRising profits and inventory drawdowns are convincing some economists that the next few months' employment statistics will show significant improvement in the U.S. job market. The employment gains are being forecast by economists who accurately anticipated the November jump in employment that caught other economists by surprise. The Labor Department has already made upward revisions to its http://privatebankinglending.blogspot.com/2009/12/daily-economic-indicator-economists.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-2607778700900337827Thu, 03 Dec 2009 14:59:00 +00002009-12-03T07:03:01.042-08:00EconomyPrivate BankingThe Spectrem Group's index of affluent investor confidence was at -10 in November, the highest level since February 2008. Although investor sentiment is still below a level deemed bullish, it is entering neutral territory. The index tracks sentiment among Americans with $500,000 or more in assets to invest. Spectrem's index ranges from -100 to +100, with -10 to +10 being neutral territory.Read http://privatebankinglending.blogspot.com/2009/12/confidence-of-wealthy-us-investors-up.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-4554583640659253503Wed, 02 Dec 2009 14:58:00 +00002009-12-02T07:00:30.097-08:00Credit MarketsThe government's auctions of warrants it received in exchange for helping Capital One Financial, JPMorgan Chase and TCF Financial through the Troubled Asset Relief Program might result in a $3.17 billion windfall for taxpayers. "This is definitely the best possible outcome for taxpayers," said Linus Wilson, a finance professor at the University of Louisiana. Mr. Wilson provided the estimate afterhttp://privatebankinglending.blogspot.com/2009/12/tarp-warrants-may-generate-billions-for.htmlnoreply@blogger.com (Tim Hoskins)tag:blogger.com,1999:blog-3331002508493257208.post-5064553489010362188Tue, 01 Dec 2009 15:12:00 +00002009-12-01T07:14:03.108-08:00EconomyEconomists surveyed by Bloomberg News say that manufacturing likely expanded for a fourth straight month in November. Lean inventories and increasing exports may keep the sector growing into next year, leading the economic expansion. Factory production is expected to rise more slowly in the upcoming months because of increasing unemployment. In the third quarter, factory production climbed at itshttp://privatebankinglending.blogspot.com/2009/12/daily-economic-indicator-economists-say.htmlnoreply@blogger.com (Tim Hoskins)