U.S. Banking Industry to Face Stricter Capital Rules From the FDIC
The Paragon Report Provides Stock Research on PNC Financial Services and SunTrust Banks
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 06/15/12 -- After posting their best first quarter in five years the U.S. Banking Industry has begun to falter as the euro-zone debt crisis deepens. The SPDR KBW Bank ETF (KBE) has fallen nearly 8 percent over the last month, while the SPDR KBW Regional Banking ETF (KRE) dropped close to 7 percent over the same period. The Paragon Report examines investing opportunities in the Regional Banking Industry and provides equity research on PNC Financial Services (NYSE: PNC) and SunTrust Banks, Inc. (NYSE: STI).
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The Federal Deposit Insurance Corp. (FDIC) will be joining the Federal Reserve in proposing stricter capital rules to help prevent another financial crisis. Under the new rules proposed by the FDIC the minimum capital held by U.S. banks, to help cushion the blow from unexpected losses, will increase from 2 percent to 7 percent. U.S. banks, which nearly all already meet the criteria, have lobbied against the proposals, arguing that setting aside that much capital would limit their lending abilities. "We are taking important steps toward enhancing the safety and soundness of the U.S. financial system," said U.S. Comptroller of the Currency and FDIC member Thomas Curry.
Paragon Report releases regular market updates on the Regional Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
The PNC Financial Services Group is one of the nation's largest diversified financial services organizations with assets of $296 billion. PNC completed the acquisition of RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada, on March 2, 2012. "With the completion of our acquisition of RBC Bank (USA), we plan to leverage our brand and innovative product set to grow market share in the southeast. We are confident that our strong capital levels and our ability to execute will lead to another good year in 2012."
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of March 31, 2012, SunTrust had total assets of $178.2 billion and total deposits of $130.0 billion. The company recently announced that it plans to release second quarter 2012 results prior to the market opening on Friday, July 20, 2012.
The Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 15.06.2012 - 06:20 Uhr
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