on July 22 evening news, Moody's Investors Services said Wednesday, the U.S. credit card default rate in June rose to an all-time high of 10.76 percent, and is likely to continue to rise until the middle of next year to.
Moody's Credit Card Index shows that in June the credit card default rate fell for the third consecutive month to 5.81 percent, a record so far this year, the lowest level. Moody's analysts said the decline in the index is mainly due to seasonal factors, such as personal income tax rebate. In addition, consumers have become more cautious, as well as the U.S. federal government through the economic stimulus plan to market a lot of money into the default rate also led to an important factor in the decline.
William Black Moody's analysts said in a statement: "If in the disappearance of the traditional seasonal factors, the credit card default rate continued to decline, then the default rate will follow a similar trend."
Under normal circumstances, the United States the trend of credit card default rates in line with the unemployment rate. According to previously released government report showed the U.S. unemployment rate in June rose to 9.5 percent, a record since 1983, the highest level.
Moody's said the U.S. unemployment rate is expected to be highest in 2010 at 10.5 percent of high-touch points, and credit card default rates are expected to touch on in the same period 13 percent to 12 percent range.
Jul. 23, 2009
Last month, E-Trade daily average revenue growth of 34.5% volume
13 News, E-Trade Financial (ETFC) announced, April average daily volume over the previous year revenue growth of 34.5 percent over the same period.
The company said that the month of 32,550 net new brokerage accounts, brokerage accounts as of the end of a total of 2.7 million.
The company said in April added 300 million U.S. dollars of assets, as at the end of the total client assets over the same period dropped 28.1 percent.
May. 13, 2009
The company said that the month of 32,550 net new brokerage accounts, brokerage accounts as of the end of a total of 2.7 million.
The company said in April added 300 million U.S. dollars of assets, as at the end of the total client assets over the same period dropped 28.1 percent.
May. 13, 2009
UBS first quarter loss of 2.0 billion Swiss francs may be to lay off 8700 people
April 15 news at noon, according to foreign media reports, UBS said Wednesday that the bank will be losses in the first quarter nearly two billion Swiss francs (about 1.74 billion U.S. million), and laid off 8700 people, in order to speed up the restructuring process.
UBS's new chief executive Oswald Gruebel said in his speech, its goal is by 2010 the total number of staff from UBS closed at the end of the 3 people to cut 76,200 to 67,500 people.
Gruebel also said that because of the low liquidity of the assets of a loss of about 3.9 billion Swiss francs and Swiss wealth management and banking sector capital outflows 23 billion Swiss francs, the bank will be losses in the first quarter. UBS shareholders at the annual conference made the statement before.
The global financial crisis has forced UBS since the mid-2007 by about 50 billion U.S. dollars of assets and 11,000 job cuts were announced.
Apr. 15, 2009
UBS's new chief executive Oswald Gruebel said in his speech, its goal is by 2010 the total number of staff from UBS closed at the end of the 3 people to cut 76,200 to 67,500 people.
Gruebel also said that because of the low liquidity of the assets of a loss of about 3.9 billion Swiss francs and Swiss wealth management and banking sector capital outflows 23 billion Swiss francs, the bank will be losses in the first quarter. UBS shareholders at the annual conference made the statement before.
The global financial crisis has forced UBS since the mid-2007 by about 50 billion U.S. dollars of assets and 11,000 job cuts were announced.
Apr. 15, 2009
Goldman Sachs profit growth in wages over the same period last year
April 14 news, Goldman Sachs achieved the first quarter of 1.7 billion U.S. dollars of profit, and has allocated 4.7 billion U.S. dollars of wages and bonuses. 4.7 billion U.S. dollars this quarter is the Goldman Sachs 50% of revenue, and this proportion is higher than 48 percent a year earlier.
Goldman Sachs is the increase in salary cost is the reduction in the number of employees of the circumstances. Since the end of last year, Goldman has laid off 7 percent of the staff. According to the disclosure of Goldman Sachs, it set aside more money is one of the reasons for the increase in income. Salary income is the denominator of the ratio of income, so the increase in income will have an impact on this percentage. But this is not pay the full reasons for the rising costs.
Warren Buffett from Goldman Sachs last year to raise funds there, one of the reasons less is to accept some of the problems of the capital asset relief program; Today, Goldman Sachs became the first fund-raising five billion U.S. dollars, eager to repay the issue of asset relief program funds large banks. The purpose of this is: If you do not have to worry the issue of asset relief program funds, Goldman Sachs would not be too frugal, or ready to pay 90% of the bonus tax.
Apr. 14, 2009
Goldman Sachs is the increase in salary cost is the reduction in the number of employees of the circumstances. Since the end of last year, Goldman has laid off 7 percent of the staff. According to the disclosure of Goldman Sachs, it set aside more money is one of the reasons for the increase in income. Salary income is the denominator of the ratio of income, so the increase in income will have an impact on this percentage. But this is not pay the full reasons for the rising costs.
Warren Buffett from Goldman Sachs last year to raise funds there, one of the reasons less is to accept some of the problems of the capital asset relief program; Today, Goldman Sachs became the first fund-raising five billion U.S. dollars, eager to repay the issue of asset relief program funds large banks. The purpose of this is: If you do not have to worry the issue of asset relief program funds, Goldman Sachs would not be too frugal, or ready to pay 90% of the bonus tax.
Apr. 14, 2009
Goldman Sachs to invest 5.5 billion U.S. dollars was committed to
April 13, informed sources said that Goldman Sachs has adopted a new round of raising funds, investors have been a total of 5.5 billion U.S. dollars capital injection commitment. Goldman will use the funds to invest in the secondary market, a discount to buy private assets.
Goldman Sachs this new fund, called the GS Vintage Fund V, if completed on schedule to pay investors, then the fund will become the largest-ever secondary market funds. At present, the Goldman Sachs have become a secondary market of the major players in the field of mergers, in response to the market after four Prospectus, the Goldman Sachs received a total of about six billion U.S. dollars capital injection. In addition to Goldman Sachs, the major players in this market there are Lexington Partners Inc., Coller Capital, as well as companies such as Pomona Capital.
It is reported that the newly formed team will be vested in the Fund's Goldman Sachs Capital Management. In addition, Goldman Sachs is also operating a large-scale private business, in April 2007, Goldman Sachs's private equity fund a large-scale financing obtained through the 20 billion U.S. dollars capital injection.
Apr. 13, 2009
Goldman Sachs this new fund, called the GS Vintage Fund V, if completed on schedule to pay investors, then the fund will become the largest-ever secondary market funds. At present, the Goldman Sachs have become a secondary market of the major players in the field of mergers, in response to the market after four Prospectus, the Goldman Sachs received a total of about six billion U.S. dollars capital injection. In addition to Goldman Sachs, the major players in this market there are Lexington Partners Inc., Coller Capital, as well as companies such as Pomona Capital.
It is reported that the newly formed team will be vested in the Fund's Goldman Sachs Capital Management. In addition, Goldman Sachs is also operating a large-scale private business, in April 2007, Goldman Sachs's private equity fund a large-scale financing obtained through the 20 billion U.S. dollars capital injection.
Apr. 13, 2009
Goldman Sachs to consider issuing new shares to repay the loan
"Wall Street Journal" yesterday quoted informed sources as saying that Goldman Sachs Group, the United States is considering taking advantage of the continuing rise of the stock market right now a good time to additional billions of dollars in new shares to non-performing assets to repay the assistance through the plan of the government loan of 10 billion U.S. dollars.
According to reports, Goldman Sachs management has not yet been determined the exact size of additional shares, which will to some extent depend on the market situation. Goldman Sachs may be announced as early as next week the news. Goldman Sachs will be released on the 14th the first quarter performance report.
In October last year, Goldman Sachs gained 10 billion U.S. dollars the U.S. Treasury Department's capital injection. Ministry of Finance believes that all banks to help inject more quickly boost financial stocks, to avoid some banks put a sign of financial weakness.
"Wall Street Journal" noted that Goldman Sachs employees tend to pay off government loans, they are anxious to return to the past period of high salaries; chief financial officer at Goldman Sachs after the proposed move, investors welcomed; and Goldman Sachs executives believe that government intervention will be weaken the competitiveness of the company, the company does not need new capital to repay the loan, but it can be shown that the health of the company's financial position.
Apr. 11, 2009
According to reports, Goldman Sachs management has not yet been determined the exact size of additional shares, which will to some extent depend on the market situation. Goldman Sachs may be announced as early as next week the news. Goldman Sachs will be released on the 14th the first quarter performance report.
In October last year, Goldman Sachs gained 10 billion U.S. dollars the U.S. Treasury Department's capital injection. Ministry of Finance believes that all banks to help inject more quickly boost financial stocks, to avoid some banks put a sign of financial weakness.
"Wall Street Journal" noted that Goldman Sachs employees tend to pay off government loans, they are anxious to return to the past period of high salaries; chief financial officer at Goldman Sachs after the proposed move, investors welcomed; and Goldman Sachs executives believe that government intervention will be weaken the competitiveness of the company, the company does not need new capital to repay the loan, but it can be shown that the health of the company's financial position.
Apr. 11, 2009
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