http://corporatebrokersblog.com We guide your corporate growth and security. Thu, 16 Apr 2009 19:36:10 +0000 http://backend.userland.com/rss092 en Corporatebrokersblogcomhttp://feedburner.google.com According to Stephen Schwarzman, chairman of The Blackstone Group, "Forty percent of the world's wealth was destroyed in the last five quarters.  It is an almost incomprehensible number."  Wow.  The reason this recession is so scary is because it is global in nature and it is affecting everyone from small ... http://corporatebrokersblog.com/?p=436 Good news for Wells and Chase.  Both reported  healthy profits in the 1st quarter.  Chase earned $2.14 Billion and Wells earned over $3Billion.  It seems that banks are making money for a couple of reasons.  More people are depositing money into the bank.  This can either be from savings or ... http://corporatebrokersblog.com/?p=435 Here's my problem with banks.  They just don't seem to get it.  Ok, first they take tax payer money to get bailed out.  Then they use it for bonuses.  That's just one glaring example, of course.  But that's not what I'm talking about.  The following is a scenario that has ... http://corporatebrokersblog.com/?p=434 Everything goes in cycles.  It always does.  The economy always goes up and down.  Recessions come and go.  We always get through them.  But what about today's recession/depression?  Is it the same or different?  Many smart people are saying that this time its different.  People are saying that this will ... http://corporatebrokersblog.com/?p=433 Last week I went to a Global Private Equity Conference in Glendale Arizona hosted by Thunderbird School of Global Management.  The mood was somber yet hopeful.  The general consensus is that more government involvement is not necessarily a good thing.  Investors are bracing for a lot of new regulations.  From ... http://corporatebrokersblog.com/?p=432 Below are some of the recent bank earnings.  Ouch!  Fifth Third swung to a $2.1 billion net loss. KeyCorp reported a $554 million net loss. SunTrust swung to a $348 million net loss. Comerica's net income fell to $20 million from $119 million. BB&T's net income fell 26% to $305 million. M&T's net income increased 57% to ... http://corporatebrokersblog.com/?p=431 I want to thank all the people who were on our teleconference last night.  For those of you who didn't make it, well, you missed out.  We discussed the current state of the economy and what's going on in the banking industry.  We went over real examples of what has ... http://corporatebrokersblog.com/?p=430 We are all anxiously awaiting President Obama's inaugural speech.  He has been one of the most vocal and active President-Elects I have ever seen, so I think we all know what he is going to say.  He has already put together a stimulus package to try to get the economy ... http://corporatebrokersblog.com/?p=429 Here's a list of some of the bank closings over the past two years.   Bank Name Closing Date Updated Date PFF Bank and Trust, Pomona, CA November 21, 2008 November 21, 2008 Downey Savings and Loan, Newport Beach, CA November 21, 2008 November 21, 2008 The Community Bank, Loganville, GA November 21, 2008 November 21, 2008 Security Pacific Bank, Los Angeles, CA November 7, ... http://corporatebrokersblog.com/?p=428 We have seen a pattern arising with a lot of people we talk to.   We are finding that a lot of people are inadvertantly shooting themselves in the foot.  In order to get business credit these days, a good personal guarantor is essential.   Having a good FICO score is not ... http://corporatebrokersblog.com/?p=427