Banks

FXCM (NYSE:FXCM) announced late this afternoon that it had entered into a funding agreement with Leucadia National Corporation (NYSE:LUK) by which the latter would provide $300 million in cash that will bring FXCM into compliance with regulatory financial requirements. FXCM had become insolvent overnight, losing $225 million following the Swiss National Bank’s decision to un-peg […]

No one saw it coming. There was not even a hint in advance that the Swiss National Bank (SNB) was about to stab the financial world in the back. As we reported yesterday, the euro and the U.S. dollar took immediate hits. But we also expected broader and longer term fallout would follow. In the […]

AUDCHF = Buy USDCHF = Buy EURCHF = Buy CADCHF = Buy CHFJPY = Sell GBPCHF = Buy NZDCHF = Buy NB: Every trade could be entered with a stop loss of 200 pips and a take profit of 400 pips. Only 1% is risked per trade. With an account balance of $20,000, a position […]

The financial world is in disarray today.  It all started with an unexpected and startling press release by the Swiss National Bank (SNB) that said: “The Swiss National Bank (SNB) is discontinuing the minimum exchange rate of CHF 1.20 per euro. At the same time, it is lowering the interest rate on sight deposit account balances that exceed […]

The RBS shares (LSE:RBS) are currently in a precarious bullish outlook. Large dips in the price have been followed by further northward rallies, and the current dip may also end up allowing more northward trend. Although the EMA 21 is now sloping upwards, the price is currently below it. The Williams’ % Range period 20 […]

No cost figure released TowneBank (Nasdaq:TOWN) announced that, at the close of business on January 2, 2015, it completed the previously announced acquisition of Franklin Financial Corporation, parent company of Franklin Federal Savings Bank, one of the oldest and largest community-based financial institutions in central Virginia. All eight Franklin branches opened today as TowneBank Richmond...

Details below. Bryn Mawr Bank Corporation (Nasdaq:BMTC), parent of The Bryn Mawr Trust Company, today announced it completed its previously announced merger with Continental Bank Holdings, Inc. (CBH), the parent company of Continental Bank (Continental), a high-quality community bank headquartered in Plymouth Meeting, Pennsylvania. Pursuant to the terms of the merger, CBH merged with and...

Are you a stock holder? Southern Missouri Bancorp, Inc. (NASDAQ: SMBC), the parent corporation of Southern Bank , announced that today the Company’s Board of Directors declared a 2-for-1 split in the form of a 100% stock dividend, payable on or about January 30, 2015, to stockholders of record as of January 16, 2015. Under […]

Worth $25.9 Million Triumph Bancorp, Inc. (Nasdaq:TBK) today announced that it had completed the redemption of all of the outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series T1 and Series T2 issued by its wholly-owned subsidiary, National Bancshares, Inc. The TARP Preferred Stock was redeemed for a total redemption price of $26.2 million, which reflects […]

For $16m AnchorBank, fsb, a wholly owned subsidiary of Anchor BanCorp Wisconsin Inc. (Nasdaq:ABCW), has announced that it has finalised the sale of its Richland Center branch to The Peoples Community Bank (Peoples) as previously announced. The transaction closed following receipt of the necessary regulatory approvals and satisfaction of customary closing conditions. Financial terms of […]