Fed Says NO! To Bank Dividends

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From the desk of Ian Wyatt Editor, Daily Profit Thursday March 24, 2011 To unsubscribe - click here

	Fed Says NO! To Bank Dividends

	Just one day after shutting down Bank of America's (NYSE: BAC) dividend increase request, the Federal Reserve denied a similar request by Capital One Financial Corp. (NYSE: COF) to increase its dividend.   Its disappointing news for the shareholders of America's largest banking institutions, especially after the tumultuous past few years in banking stocks.   But what most investors might not realize is that one small Manhattan bank is currently issuing one of the largest dividends in banking history. It's able to do so because it never came close to insolvency during the height of the 2008-2009 banking crisis.   It's maintained a significant capital cushion, never uses leverage and has a stream of wealthy borrowers that underline its banking business.   Ian Wyatt of Wyatt Investment Research recently uncovered the details of this little-known bank, and you can read his full write up by clicking here now.
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