Tag Archive
Time To Exit REITs – US-FOREX.US
Last week was a big one for real estate investment trusts. Several REITs beat analyst expectations and that sent the sector soaring in a market that was already optimistic. The NAREIT Equity Total Return Index gained 16.5% as investors sighed with relief at an industry which a few months ago looked ripe for bankruptcies. Now… »
Britains Banking Burden Grows – US-FOREX.US
While most European banks have been celebrating a second-quarter turnaround in investment-banking profits, Royal Bank of Scotland could only look on enviously on Friday. The state-controlled bank reported a whopping 1.7 billion loss for the first six months of 2009, driven by the depressed British economy and deteriorating loan values, and said it would not… »
Should Lloyds Bulk Up On Investment Banking – US-FOREX.US
It’s been a rather tragic, double whammy for Lloyds Banking Group: Not only does the lender’s deep involvement in domestic retail banking mean its fortunes are dangerously tied to Britain’s economic ups and downs, it has had to deal with billions of dollars worth of bad assets brought on from its controversial takeover of mortgage… »
Prudence Pains Lloyds – US-FOREX.US
Like a few other European banks reporting this week, Lloyds Banking Group is doing its best to put a positive spin on a stunningly bad set of results. The British bank explained Wednesday that it was being “prudent” by marking down billions of dollars worth of legacy assets it had taken on after its controversial… »