On June 22, I recommended four regional bank stocks, GBCI, CBU, RNST, and CHCO.
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Every Fed policy maker, including regional bank presidents, gets a voice at the table during FOMC meetings.
The housing market remains in a depression, and community and regional bank stocks have lagged the broader market.
Four big universal financial groups, created from the merger of six keiretsu into three, together with a regional bank alliance.
Other ETF standouts this week include the Regional Bank HOLDRS ( RKH), outperforming this week with a 8.7% gain.
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He also highlights investment in WSFS Financial (WSFS), a conservative regional bank based in Delaware that is gaining share due to acquisitions.
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The next chairman will have less sway over the regional bank presidents.
Also, if business spending picks up, regional bank stocks should improve, on the idea that expanding businesses will need bank loans for operational expenses.
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This regional bank has now outperformed the Zacks Consensus Estimate in 11 of the last 14 quarters with an average beat of 24.9%.
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This morning Pasadena, CA based regional bank East West Bancorp ( EWBC) reported second quarter earnings that saw the company swing to a profit.
This small New England regional bank has been slowly growing by acquiring banks in the area and expanding to other affluent areas of NY state.
Grupo Financiero Banorte, a regional bank based in Monterrey, remains local.
Until the failure in November last year of Hanwa Bank, a middling regional bank, no Japanese bank had gone bust since the second world war.
Most attention among regional bank presidents will likely go to Mr. Plosser and Mr. Fisher, two policy makers who have not been shy about casting dissenting votes.
"Some other countries do not have the enlightened, bold leadership to take them in this direction, " says Henry Azzam, the CEO of Jordinvest, a regional bank based in Jordan.
The policy announcement was approved unanimously by the Federal Open Market Committee, the group of Fed board members in Washington and Fed regional bank presidents who set the federal funds rate.
According to the ETF Finder at ETF Channel, WTFC makes up 2.51% of the KBW Regional Bank Portfolio ETF ( AMEX: KBWR )which is trading relatively unchanged on the day Friday.
According to the ETF Finder at ETF Channel, FCF makes up 1.67% of the KBW Regional Bank Portfolio ETF ( AMEX: KBWR )which is trading relatively unchanged on the day Tuesday.
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According to the ETF Finder at ETF Channel, WBS makes up 2.41% of the KBW Regional Bank Portfolio ETF ( AMEX: KBWR )which is trading higher by about 0.4% on the day Friday.
To many of the biggest multinational banks around the world, "Asian banks don't hold the attraction that opportunities closer to home do, " says John Hobson, regional bank analyst at CS First Boston in Hong Kong.
Likewise, if international banks are spending millions of dollars on building replicated data centers in case of major disasters, why worry about a small regional bank that wants to stay open for its clients no matter what?
Mr. Wahid: As you grow to become a regional bank you require more capital, you require more people, and you require a platform that can be implemented to do your products and services across the region in a more consistent manner.
But regional bank presidents draw more attention when they're among the ones who cast votes, as Kansas City Fed President Thomas Hoenig showed when he formally objected to the Fed's current policy at all seven of the committee's meetings this year.
The Federal Reserve Bank of New York, just three blocks from the World Trade Center, remained open throughout the day, though it shifted its electronic funds transfer and security transfer system to backup computers at the Federal Reserve Regional Bank in Richmond, Virginia.
On Thursday, it was reported that China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors and fund infrastructure projects in an effort to buy goodwill in the region.
After graduating, he worked at a regional bank in Atlanta, underwriting loans like one to a company that developed a way to use a Kevlar strap in construction, eliminating the need for five men to do the dangerous and awkward job of wrapping giant chains around pieces of steel.
As Paul Volcker, a former chairman of the Federal Reserve, likes to point out, the entire banking system of many an emerging country is no bigger than a typical regional bank in the United States (the sort now considered too small for global financial markets, and merging furiously).
In one case that my partner and I worked many years ago at a regional bank, this premise was illustrated when an elderly depositor called the bank to report an apparent accounting error of about twenty dollars in interest in her IRS 1099 for her two Certificates of Deposit.
Bernie Fraser, a former governor of the Reserve Bank of Australia, has even proposed creating a new regional central bank for central bankers, rather like the Bank for International Settlements in Basle.
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