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Archive for April 21st, 2010
If you have been shopping for checks you know that there are several things to choose from. But if you are a person who likes to be hands on in creating things for your business then choosing the blank check option is the best for you.
When choosing the Blank Checks you can still choose the color of the check that would best suit your company’s image. And you have the control right at your finger tips as to what information goes on your checks. You can even decided which style of checks would be best for your company, there are checks on top, check in middle, and even a full page depending on the amount of checks you would need that is best for your company.
The biggest banks are minting money. Can they keep it up? Do we even want them to?
(Fortune) — The biggest banks are minting money. Can they keep it up? Do we even want them to?
The six biggest bank holding companies – Bank of America (BAC, Fortune 500), JPMorgan Chase (JPM, Fortune 500), Citigroup (C, Fortune 500), Wells Fargo (WFC, Fortune 500), Goldman Sachs (GS, Fortune 500) and Morgan Stanley (MS, Fortune 500) – raked in $18.7 billion in profits in the first quarter. With the banks making money, hopefully it will be passed out into loans for the small business companies. Then they will be able to write more business checks for payroll and help the economy.
That’s more than six times as much as they earned in the fourth quarter of 2009, and their biggest haul since the financial crisis of 2008.
It’s their most profitable quarter since the spring of 2007, according to data compiled by SNL Financial. Back then, the big six made $23.5 billion in the last stages of the housing bubble. Profits then crumbled in the second half of that year and in 2008, prompting a flurry of government-assisted mergers that made some of the biggest institutions much bigger.
On the surface, the big banks’ profit prospects look good. The economic conditions that have helped them – low short-term interest rates, the return of private funds to capital markets and slowing losses on mortgage and consumer loans – are expected to persist throughout the year.
That should provide more fodder for a profit rebound that has sent the giant banks’ shares up an average 42% over the past year, and is padding the wallets of big bank employees.