U.S. banking "ransom tide" mixed picture

Scattered clouds gradually as the financial crisis, the U.S. banking industry "self" will become increasingly high. So far, JP Morgan Chase, Morgan Stanley, American Express, Goldman Sachs, Wells Fargo and Bank of America and other big firms on Wall Street have been fully repaid, the Troubled Asset Relief Program (TARP) bailout money. In addition, some U.S. banks are brewing out TARP.

Wall Street's big firms eager to move out TARP forgiven, after all, this "timely" in the rescue project, will also help to some extent deprived of the free operation of the object space. Plainly, the bank's business objective is to make money, make money, the banks have to hold their own steering wheel. But for the banks receiving bailout, TARP provisions of a great many additional obstacles, these terms will not only allow banks to executive compensation, shareholder dividends, and many other issues not completely right to speak, and make it highly attractive Risk can not display their fists business areas.

Debt ahead of the U.S. banking industry "ransom" can be said to be mixed. The good news is the successful settlement of TARP relief funds can be viewed as the U.S. financial sector and a signal of economic recovery. This year, the U.S. banking industry to gradually reduce the size of bad loans, the overall profit to achieve steady growth. Federal Deposit Insurance Corporation (FDIC) latest data show that as of the end of the third quarter of 7760 guaranteed by the FDIC, Bank of America profit 14.5 billion, up 16%; not profitable bank in June 2008 the proportion dropped to its lowest level since Loan loss provisions fell to half of last year, and reached the lowest level since the end of 2007.

At the same time, the financial sector's performance in the stock market is also very eye-catching. This year, the U.S. KBW bank stock index has risen 18% over the same period the S & P 400 Index rose 11%. Among them, Citigroup shares outstanding rose nearly 40%, so having a large stake in the company's sale of shares earned by the U.S. Treasury surplus bowl full of pots. Led by financial stocks, the recent S & P 500 index also continuous upside, reaching two and a half high.
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