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Friday, May 24, 7:11 AM Remember M&T Bank's (MTB) proposed purchase of Hudson City Bancorp (HCBK)? Regulators have put the merger on ice and it's sending a chill through the executive suites of other regional banks (KRE) who were considering doing deals, but now figure it's not worth the regulatory scrutiny. In the past, conditions such as we're in - slow economy, weak loan growth - have prompted waves of bank mergers (it's happening in community banks). "I am not buying another bank for as long as I can see," sees one unnamed top executive. Comment! [Financials, M&A]
Tuesday, February 26, 3:57 PM PowerShares has shuttered 13 ETFs, representing less than 1% of the issuer's AUM, as of today's close. Affected funds follow (with competing funds in parentheses): PIC (KIE, IAK, KBWP, KBWI), PYH, PJB (IAT, KBE, KRE, RKH, QABA, KRU, KRS, KBWR), PSTL (SLX), PLK, PWND (FAN), PMA, PKOL (KOL), PKN (NLR, NUCL, URA), PTO, PAO, PCA and CVRT. (pdf) Comment!
Monday, June 18, 2012, 3:24 AM Fed up with new regulations and weak loan demand, a growing number of small community banks are looking to sell themselves to larger rivals. More than 90 bank mergers have already been announced this year. 4 Comments [Financials]
Tuesday, March 13, 2012, 1:45 PM Not only is Keefe, Bruyette & Woods forecasting that the banking industry is set to see more banks jump into the M&A market as buyers as opposed to sellers, analysts with the firm are also naming names. Banks looking to catch a premium bid: ALNC, FDEF, OABC, TCBI, HTBK, and CFNL. Comment! [Financials, Quick Ideas]
Monday, March 12, 2012, 4:24 PM Keefe, Bruyette & Woods sees more banks entering the market as buyers than sellers in 2012, in a good sign for banks looking to find an acquirer willing to pay a premium price. Analysts with Keefe say that after a little over two months into the year, the pace of +$50M deals is more than double than that of last year. Comment! [Financials]
Friday, February 3, 2012, 1:57 AM Banks have been steadily releasing reserves against bad loans, which has boosted their earnings reports. But with loan-loss cushions now heading back to pre-crisis levels, some analysts believe banks will have to slow reserve releases, adding pressure to profits already hit by slower growth and tighter rules. 2 Comments [Earnings, Financials]
Wednesday, November 30, 2011, 4:58 AM Smaller U.S. banks which have held back on broad cost-cutting are now slashing jobs as they try to adapt to tougher competition, profit-squeezing regulations and poor loan volume. More than 2,500 banks cut their staff in Q3, with the cuts more likely to be part of a "new normal" than a temporary downsizing. 1 Comment [Financials]
Monday, September 26, 2011, 12:56 PM Banks are set to earn more, according to a survey by Bankrate.com that finds lenders stepping up fees on checking accounts, ATM charges and account overdrafts. Add in to the mix that banks only pay 1.5% or less for deposits and are only selectively lending, begs the question: Is a boom in profits in line for banks that stick to a simple model? Comment! [Financials, Quick Ideas]
Thursday, September 22, 2011, 10:44 AM Regional bank stocks (KRE -0.4%) are holding up under the onslaught, especially mid-caps sticking to an easier recipe of managing only a few banks or branches. Select gainers: SCBT +3.9%, CBU 2.9%, CTBI +2.2%, WASH +2%. Comment! [Financials]
Thursday, September 15, 2011, 6:21 AM Don't look now, but leveraged lending activity at U.S. banks is up 74% from a year ago - to $572B YTD - as banks with huge cash hoards seek decent returns. The degree of leverage being used is also up 14%. 1 Comment [Financials]
Sunday, July 24, 2011, 5:57 AM Regulators shut three banks on Friday, bringing the total failures in 2011 to 58 so far, well behind last year's pace. Two banks were closed in Florida and one in Colorado, with the combined cost to the FDIC's insurance fund expected to be $331.4M. 1 Comment [U.S. Economy, Financials]
Wednesday, March 16, 2011, 11:36 AM The Fed’s chief bank regulator says 30% of U.S. banks have supervisory ratings deemed unsatisfactory. While banks’ asset quality is "stabilizing," conditions in real estate markets are "still very difficult” and the banking system is “still in the repair and recovery stage." Tougher regulations will “reflect the degree of systemic risk that individual banking organizations seem to pose.” 1 Comment

KRS ProShares Short KBW Regional Banking ETF

KRS

ProShares Short KBW Regional Banking ETF