Banks lose billions as New Regulations Cut Revenue Drivers
New regulations have been cut in the top line banking sector in recent quarters. New rules continue to hamper the traditional types of fees that banks will cost billions of dollars in lost income. These fees are overdraft charges on checking accounts and fees for late payments on credit cards. The Paragon report examines investment opportunities in the Money Center Banks Industry and provides equity research at Citigroup, Inc. NYSE: C and Wells Fargo & Co. NYSE: WFC. Access to the full annual reports can be found at: www.paragonreport.com/C
Major banks are now earning far less money from lending to consumers and businesses. Meanwhile, Banks saw trading revenue fall last quarter as customers for fear of a global economic slowdown took their money out of the market. As the Wall Street Journal reported: “The banks usually welcome volatility, which creates more opportunities to trade, but too many wild price swings can ultimately deter customers to stop the trade in general..”
The Paragon report offers investors an excellent first step in the due diligence process with daily trading ideas, and consolidating the public information about them. For further investment research on the Money Center industry to register with us and get free www.paragonreport.com exclusive access to our many stock reports and industry newsletters.
“Operation Twist” is designed to boost lending – what banks have struggled to gain in the period after the recession again. Similarly, banks and other financial institutions have been reluctant to lend money as they continue to strengthen their balance sheets in the wake of the housing bubble collapse in 2008. In its statement, the Fed pointed out that the economy is growing slowly, unemployment is high and housing remains in a prolonged slump. The central bank said in a statement that the twist operation to reduce the cost of borrowing for businesses and consumers, including the costs targeted for mortgage loans.



Kasım 15th, 2011 12:40
I bow down humbly in the presence of such geratnses.