Volatility Alert: Major Market Indices End Losing Streak, but Fear Hits New Highs Oct 20, 2008
A week after one of the worst weeks for stocks in the history of the stock market, the major market indices bounced back this past week. The Dow ($ ) gained 401. (Forbes -- Markets)
East West Bancorp stock gets boost from SEC's ban on short selling Sep 20, 2008
East West Bancorp stock gets boost from SEC's ban on short selling - Los Angeles Times ... East West Bancorp stock gets boost from SEC's ban on short selling ... By E. Scott Reckard, Los Angeles Times Staff Writer September 20, 2008 East West Bancorp Chief Executive Dominic Ng will tell you that his Pasadena bank is in about the same financial condition as two months ago: some loan problems, but a high net worth and a solid base of deposits. (Los Angeles Times)
Problem loans a drag on area banks' results Jul 25, 2008
By E. Scott Reckard, Los Angeles Times Staff Writer July 25, 2008 Losses on housing-related loans socked Pasadena's East West Bancorp with an unexpectedly large second-quarter loss of nearly $26 million, the bank reported Thursday, while City National Corp. of Beverly Hills and Los Angeles' Cathay General Bancorp reported larger declines in profit than Wall Street had expected. The banks all cited problem loans to developers and home builders. (Los Angeles Times)
Telecom ETFs Jump on AT&T Numbers Jul 24, 2008
Earnings 3M, AmeriSourceBergen, Baldor Electric, Build-A-Bear, Bunge, Canon, Celgene, Chubb, Credit Suisse, Crown Castle, Diamond Offshore, Dover Downs, East West Bancorp, Eli Lilly, EnCana, Flextronics, Friedman Billings Ramsey, Goodrich, Ikon Office Solutions, Kimberly Clarke, Level 3, MeadWestvaco, Newmont Mining, Occidental Petroleum, Old Republic International, Potash Corporation of Saskatchewan, RadioShack, Raytheon, Rohm Roper, Syngenta, The Cheesecake Factory, The Dow Chemical Corp.,... (SmartMoney)
On the Rebound Jul 19, 2008
Financial ETFs End Week in the Black (Microsoft, Google, Merrill Lynch, Citigroup, IBM, Freddie Mac, Fannie Mae, Wells Fargo, SPDR Select Financials, iShares Dow Jones U.S. Financial Services, SPDR Sbuilders, Market Vectors Coal, United States Gasoline, United States Oil, Wachovia, Washington Mutual, DuPont, Caterpillar, UPS DuPont, UnitedHealth) at SmartMoney. Saturday July 19, 2008 9:33 AM ET. (SmartMoney)
Housing woes hit community banks Jun 18, 2008
Aaron J. Deer, an analyst at Sandler O'Neill ers, cut profit estimates recently for Pasadena's East West Bancorp and Los Angeles' Preferred Bank and Cathay Bancorp, whose core depositors are ethnically Chinese, because of exposure to construction and related loans. Home builder troubles haunted even City National Corp. of Beverly Hills, the Southland's largest commercial bank with more than $15 billion in assets. (Yahoo News -- Real Estate)
Wachovia Drags Down Banking ETFs Apr 15, 2008
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GE Anything but Electric Apr 12, 2008
GE Drags Down Industrial ETFs (General Electric, ProShares UltraShort S MacroShares Oil Up, iShares Dow Jones U.S. Industrial Sector, Industrial Select SPDR, iShares Dow Jones U.S. Home Construction, SPDR Sbuilders, PowerShares Active Mega Cap, PowerShares Active AlphaQ, PowerShares Active Alpha Multi-Cap, PowerShares Active Low Duration, Bear Stearns Current Yield) at SmartMoney. Sign up now for FREESmartMoney. (SmartMoney)
Banking on the American dream Aug 5, 2007
Despite some rough spots, East West Bancorp CEO Dominic Ng finds that building bridges pays dividends ... Dominic Ng, chairman and chief executive of Pasadena's East West Bancorp, has crashed into roadblocks before on his mission to build cultural bridges. (Los Angeles Times)
East West Bancorp Announces Additional $50 Million Common Stock Repurchase Program Mar 22, 2007
March 21 /PRNewswire-FirstCall/ -- East West Bancorp, Inc. (Nasdaq: ), parent company of East West Bank, one of the nation's premier community banks, today announced that its board of directors authorized an increase in the stock repurchase program to buy back an additional $50 ... About East West East West Bancorp is a publicly owned company, with $10 ... For more information on East West Bancorp, visit the company's website at. (PR Newswire)
Curve Ball From The Bond Market Jan 25, 2007
Over the past month, interest rates for short and long-term Treasury Notes have risen, as the market has become increasingly confident that the Federal Reserve's tight-money policy will contain inflation. Yet the yield curve remains inverted: rates on short-term Treasuries are still higher than their long-term counterparts, something that historically has presaged a recession. (Forbes -- Markets)
Plus: S&P: XM-Sirius Deal Wouldn't Fly Jan 11, 2007
East West Bancorp () ... We have a favorable view of East West Bancorp's focus on commercial and residential lending to the Chinese-American community in Southern California. (BusinessWeek)
