Big Banks

There are thousands of banks in the U.S., but only a few “big banks.” These big banks are of such size and market share penetration that they have a dominant position in the markets in which they are active. Big banks tend to cover the entire nation, including an international presence. They also provide services in all areas of the financial industry, whereas a small bank might only cover a certain subset of services.


Bank Stocks Could Be Sizzling Next Year Higher interest rates could clip returns for equity investors in 2016. However, one industry is poised to profit: bank stocks. Savvy investors could be poised to make a fortune in the banking sector.…

It’s finally over… The quantitative easing programs initially started by the Federal Reserve six years ago are (for now) history. In its statement on October 29, the Federal Reserve said, “Accordingly, the Committee decided to conclude its asset purchase program…

Six years ago this month, in the midst of the Great Recession, Lehman Brothers, one of the most well-known investment banks in the U.S. economy, filed for bankruptcy. At the time, Lehman’s bankruptcy sparked widespread worries…and the U.S. financial system…

A 1962 Ferrari 250 GTO Berlinetta has set a new record selling for $38.1 million at an auction in Pebble Beach, California. News of the sale was all over the Internet and made it into major newspapers like The New…

The burning question that’s facing economists like me today and that will only be answered in the future: did creating $3.0 trillion in new money out of thin air really make things better or worse for America? My personal view,…

I have been saying this for a while: You can’t have a housing recovery unless actual home buyers are involved. We are very far away from seeing the housing market reach its 2005 highs…and as time passes, it becomes clearer…

To say the very least, 2013 was an interesting year for gold bullion. The precious metal’s price surprised gold bugs and declined 24%. As 2013 progressed, we heard calls for the yellow metal to fall even lower in price. The…

When it comes to love, we often hear the phrase, “Beauty is in the eye of the beholder.” Well, the same could be said for the stock market. Many investors look for the companies that deliver consistent results and satisfy…

To see where the U.S. housing market is headed, we really need to look at what real home buyers—those who are planning to stay in their home for the long term—are doing. Institutional investors, who came into the housing market…

As I often harp on about in these pages; economic growth occurs when the general standard of living in a country gets better. You can’t say an economy is improving when a significant portion of the population is suffering. You…

Central banks around the global economy are involved in a race that will not end well. Of course, I’m talking about the race to the bottom of currency devaluation, which is being achieved through the printing of more and more…

Can it be true? The U.S. Department of the Treasury has reported that for the federal government’s fiscal 2013 year, which ended on September 30, 2013, the U.S. government budget deficit was $680 billion—the smallest budget deficit in five years.…

The Federal Open Market Committee (FOMC) decided this week to keep quantitative easing and easy monetary policy going. The statement by the Federal Reserve said, “To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its…

Back in early August, I turned negative on the big banks and suggested that a bearish double-top was forming on the Bank Index chart. At that time, the Bank Index was trading at just over 65, as you can see…

While I avidly follow the actions of central banks to see where the gold bullion prices may be headed next, when I look at them today, their actions are speaking louder than words. Central banks have pretty much stopped selling…

Income is the largest factor when it comes to determining changes in the consumer spending. Unfortunately, personal income is declining in the U.S. economy—not a good indicator; no matter how anyone tries to spin it. In the first eight months…

Gold bullion isn’t getting much respect these days…and that’s perfectly fine with me. The Goldman Sachs Group, Inc. (NYSE/GS) says the precious metal has a risk of going below $1,000. Bank of America Merrill Lynch cut its forecast for the…

The financial crisis of 2008 was the biggest panic America had witnessed since the Great Depression. Dubbed the “Great Recession,” its after-effects linger. In fact, this is the worst post-bust recovery on record. Today, for investors, especially stock market investors,…