Wells Fargo & Company (NYSE: WFC) is continuing its ongoing efforts to monitor and assess its foreclosure affidavit procedures. “We understand the concern over foreclosure procedures on the part of homeowners in these difficult economic times, and want to do everything we can to assure that the procedures we have in place provide Wells Fargo borrowers and others with confidence that foreclosure proceedings we initiate are done appropriately,”
Bank of America Corporation (NYSE: BAC) announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable on December 24, 2010 to shareholders of record as of December 3, 2010. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on January 25, 2011 to shareholders of record as of January 11, 2011.
Citigroup Inc. (NYSE: C) announced that its Global Transaction Services business has launched an extension to its Express Wire service for payments to Asia. Express Wire expedites delivery of U.S. Dollar payments destined for beneficiary accounts in Asia, providing clients with a significant edge in the marketplace. Expanding trade relationships between countries across the globe has created increased demand for more efficient payments solutions. Consequently, end-of-day payment and posting is no longer fast enough. To speed up the delivery of funds, Citi’s Express Wire sends a straight-through processing payment to a beneficiary bank in Asia within minutes of a transaction being initiated. If a payment order requires repair, Citi’s experienced operations’ professionals are available to correct formatting errors within a strict time frame. Express Wire also provides additional liquidity to clients who need to process their payments within Asia morning business hours.
J.P. Morgan (NYSE: JPM) announced new leadership positions in its Treasury and Securities Services (TSS) business, as the global provider of cash management, trade finance, custody, fund administration and liquidity solutions enhances its executive team to best serve the evolving needs of clients. Donald McCree has been appointed CEO of J.P. Morgan Treasury Services. McCree, based in New York, has an outstanding track record of leadership and risk management, most recently serving as an Executive Vice President in JPMorgan Chase’s Finance group, focusing on Treasury, Corporate Finance and Corporate M&A. Prior to that he was head of the Investment Bank's Global Credit business, and over his career he held a number of other senior positions across JPMorgan Chase’s Investment Banking and Risk groups, both in the United States and in London.
Barclays Bank PLC (NYSE: BCS) announced that it will implement a 1 for 4 reverse split of its iPath® S&P 500 VIX Short-Term FuturesTM Exchange Traded Notes (the “Notes”) effective Tuesday, November 9, 2010. The Notes trade on the NYSE Arca under the ticker symbol VXX and on the Toronto Stock Exchange (“TSX”) under ticker symbols VXX and VXX.U. Barclays Bank PLC has the right (but not the obligation) to initiate such a reverse split if the closing indicative value of the Notes falls below $25.00 on any business day, as described in the pricing supplement relating to the Notes. On October 25, 2010, the closing indicative value of the Notes was $12.68.
Shore Bancshares, Inc. (Nasdaq: SHBI) reported a net loss of $1.4 million or $(0.17) per diluted common share for the third quarter of 2010, compared to net income of $445 thousand or $0.05 per diluted common share for the second quarter of 2010, and net income of $1.951 million or $0.23 per diluted common share for the third quarter of 2009. During the third quarter of 2010, the Company recorded goodwill impairment charges of $3.0 million and other intangible assets impairment charges of $51 thousand. The provision for credit losses was $4.2 million in the third quarter of 2010, which was $724 thousand lower than the provision for the second quarter of 2010 but $2.5 million higher than the provision for the third quarter of 2009.
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Action Sports Hub is the World's PREMIER MMA Incubator for Future Champions and future Industry Leaders. Action Sports Hub (ASH) brings together two industries that are currently changing the next generation's future in sports, Action Sports and Mixed Martial Arts (MMA). For more information, go to the corporate website at www.actionsportshub.com & www.mma.actionsportshub.com. For more information on Action Sports Hub and the Companies products, send an email to info@actionsportshub.com. For Action Sports & MMA industry news, go to www.ActionSportsHub.com. Action Sports Hub (ASH) brings together two industries that are currently changing the next generation's future in sports. Action Sports and Mixed Martial Arts (MMA). Action Sports Hub is the premier global portal for Action sports and MMA industry news. Action Sports: www.ActionSportsHub.com. MMA: Corner Man www.MMA.ActionSportsHub.com.
Disclaimer
Action sports Hub (ASH) is NOT a financial advisor, broker, or even in the finance business. All the above news is already released news direct from the companies in the news. Action sports Hub and its divisions are an advertising firm that redistributes news through its various means of online, print, radio and television marketing. From past experience, any time you make an investment you should consult a financial advisor or someone who specializes in that field. Again from past experience, most financial advisors don’t know what they are doing and lack focused and long term training in finance so therefore we recommend you get a few opinions just to make sure you have good information. If it smells bad, often it is! ASH does not own any shares of the listed companies in this release, nor are we getting compensated to put this information out nor are we trading the shares. We just find that it is timely, interesting, and helps the distribution on what we are really trying to say which is, “Go to Action Sports Hub website (www.actionsportshub.com)
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