Category Archives for Uncategorized
Baltimore-area SBA loans grew by 63 percent in fiscal 2011
Government-backed loans for small businesses in the Baltimore area jumped 63 percent in value in fiscal year 2011. The U.S. Small Business Administration’s Baltimore office approved 615 loans under SBA’s 7(a) and 504 loan programs for a total of $204.2 … Continue reading
Wells Fargo Earnings Rise 21%, to $4.1 Billion
Wells Fargo, the nation’s largest consumer lender, reported Monday that its third-quarter earnings rose 21 percent, even as a drop in revenue indicated a disappointing sign for the San Francisco-based bank.The bank turned a $4.1 billion profit in the third … Continue reading
Investors to manufacturers: what about next year?
“Forget about where you’ve been. Tell us where you’re going.” That’s the message from investors to big U.S. manufacturers ahead of a wave of earnings reports over the next few weeks. They will be far less interested in hearing how … Continue reading
Citigroup earnings rise 74 percent, to $3.8 billion
Citigroup’s strategy of slimming down and focusing on a few core businesses is paying off. The New York bank reported third quarter earnings rose 74 percent in the third quarter, to $3.8 billion, due to lower losses from loans and … Continue reading
ECB heaps pressure on euro govts
The European Central Bank’s departing chief economist says that the way to avoid another eurozone debt crisis is much tougher European Union control over nations’ budgets and their ability to spend and borrow. Officials in the 17 countries that use … Continue reading