2008-07-30

On the 30th U.S. regional bank stocks gained most of

On the 30th of investors in the U.S. Federal Reserve yesterday announced that the emergency loan program to obtain the confidence of the financial industry, to dispel investors for the lack of liquidity in the banking concern. The central bank allowed commercial banks obtain loans up to 84 days. The plan seeks to enable investment banks more willing to provide funds for mutual self-help. Recent regional banks since the mortgage was in default of a serious loss of influence, they need more cash to overcome difficulties.

National City National City Bank rose 12 cents to 5.10 U.S. dollars, or 2.4%; Zions rose 1.10 to 29 U.S. dollars, or 3.9%; PNC Financial Services Group rose 43 cents to 71.71 U.S. dollars. BB & T rose 1.04 to 28.89 U.S. dollars, or 3.7 percent.

This relative, Fifth Third fell 14 cents to 14.04 U.S. dollars, KeyCorp fell 42 cents to 11.03 U.S. dollars, a decrease of 3.7 percent.