All Posts Tagged With: "nyse: bac"
Inflation is Winning
Today, we turn to our war correspondents for dispatches from the front lines, and we find an important insight:
“Learn to live with inflation,” begins the headline in the Financial Times.
The FT refers to England’s central banker, Mervyn King, who says…
20Jun2008 | Daily Reckoning | 0 comments | ContinuedHigh Yields Raise Red Flags for Bank Stocks
Fifth Third Bancorp (FITB) just became the latest in a string of hard-hit financial firms to slash its dividend to preserve much-needed cash.
Yesterday (Wednesday),the Ohio-based regional bank slashed its dividend to 15 cents down from 44 cents, becoming the 17th…
19Jun2008 | Money Morning | 0 comments | Continued
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