Orlando, FL -- (SBWIRE) -- 08/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Banco Santander (Brasil) SA(ADR)- (NYSE:BSBR), Bank of America Corp (NYSE:BAC)
Banco Santander (Brasil) SA(ADR)(NYSE:BSBR) is looking at different acquisitions to give a boost to its real estate and payroll-deductible loan portfolios. This was confirmed by Chief Executive Jesús Zabalza in a statement to journalists on Tuesday. Earlier today, the local affiliate of Spain's Banco Santander has also declared that they had a better-than-expected profit in the Q2 of 2013. This was made possible due to the sharp decline in defaults, which enabled the bank to cut bad-loan provisions.
Is BSBR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
Adam Glassner, who is a former Bank of America Corp(NYSE:BAC) executive, has been named a defendant in a September 2011 complaint filed by the Federal Housing Finance Agency, which regulates Fannie Mae. The issues surrounding the lawsuit are the losses faced by the firm. Last week, he also was referenced as “BOA-Securities Managing Director” in a Justice Department lawsuit against Bank of America.
Are investors worried about the recent updates with BAC? Find out with a free trend analysis HERE
The hiring of Glassner goes on to show the dilemma of the government, as the U.S. recruits skilled managers to navigate the mortgage mess from the same industry responsible for causing it. The strange thing is Fannie Mae involved Glassner, whose conduct was criticized by its own regulator less than five months earlier!
Isaac Gradman, a lawyer at Perry Johnson Anderson Miller & Moskowitz LLP, who works with investors and insurers in such cases, defended Glassner’s hiring by saying that there are numerous people out there with amazing expertise but a shady background. Andrew Wilson, a spokesman for Fannie Mae said that the company’s goals are to hire employees who can achieve the vital objectives and secure the future.
Join Our Mobile SMS Alerts By Texting Stocks To 555888
HotStockProfits.com continuously monitors and scans the markets for day trading and swing trading signals on NASDAQ, NYSE, AMEX, OTCBB and Pink Sheet companies for its free e-newsletter subscribers.
Disclosure: HotStockProfits.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit HotStockProfits.com website, for complete risks and disclosures.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)