Banking Woes

| July 23, 2008 

 ========= Old Image Removed =========Array
(
    [_wp_attached_file] => Array
        (
            [0] => 2008/07/bank.jpg
        )

    [_wp_attachment_metadata] => Array
        (
            [0] => a:5:{s:5:"width";i:1024;s:6:"height";i:783;s:4:"file";s:16:"2008/07/bank.jpg";s:5:"sizes";a:12:{s:6:"medium";a:4:{s:4:"file";s:16:"bank-336x257.jpg";s:5:"width";i:336;s:6:"height";i:257;s:9:"mime-type";s:10:"image/jpeg";}s:5:"large";a:4:{s:4:"file";s:16:"bank-771x590.jpg";s:5:"width";i:771;s:6:"height";i:590;s:9:"mime-type";s:10:"image/jpeg";}s:9:"thumbnail";a:4:{s:4:"file";s:16:"bank-140x140.jpg";s:5:"width";i:140;s:6:"height";i:140;s:9:"mime-type";s:10:"image/jpeg";}s:12:"medium_large";a:4:{s:4:"file";s:16:"bank-768x587.jpg";s:5:"width";i:768;s:6:"height";i:587;s:9:"mime-type";s:10:"image/jpeg";}s:9:"wbhm-icon";a:4:{s:4:"file";s:14:"bank-80x80.jpg";s:5:"width";i:80;s:6:"height";i:80;s:9:"mime-type";s:10:"image/jpeg";}s:13:"wbhm-featured";a:4:{s:4:"file";s:16:"bank-800x450.jpg";s:5:"width";i:800;s:6:"height";i:450;s:9:"mime-type";s:10:"image/jpeg";}s:20:"wbhm-featured-square";a:4:{s:4:"file";s:16:"bank-600x600.jpg";s:5:"width";i:600;s:6:"height";i:600;s:9:"mime-type";s:10:"image/jpeg";}s:18:"wbhm-featured-home";a:4:{s:4:"file";s:16:"bank-407x311.jpg";s:5:"width";i:407;s:6:"height";i:311;s:9:"mime-type";s:10:"image/jpeg";}s:22:"wbhm-featured-carousel";a:4:{s:4:"file";s:16:"bank-347x265.jpg";s:5:"width";i:347;s:6:"height";i:265;s:9:"mime-type";s:10:"image/jpeg";}s:28:"ab-block-post-grid-landscape";a:4:{s:4:"file";s:16:"bank-600x400.jpg";s:5:"width";i:600;s:6:"height";i:400;s:9:"mime-type";s:10:"image/jpeg";}s:25:"ab-block-post-grid-square";a:4:{s:4:"file";s:16:"bank-600x600.jpg";s:5:"width";i:600;s:6:"height";i:600;s:9:"mime-type";s:10:"image/jpeg";}s:14:"post-thumbnail";a:4:{s:4:"file";s:16:"bank-125x125.jpg";s:5:"width";i:125;s:6:"height";i:125;s:9:"mime-type";s:10:"image/jpeg";}}s:10:"image_meta";a:12:{s:8:"aperture";s:1:"0";s:6:"credit";s:0:"";s:6:"camera";s:0:"";s:7:"caption";s:0:"";s:17:"created_timestamp";s:1:"0";s:9:"copyright";s:0:"";s:12:"focal_length";s:1:"0";s:3:"iso";s:1:"0";s:13:"shutter_speed";s:1:"0";s:5:"title";s:0:"";s:11:"orientation";s:1:"0";s:8:"keywords";a:0:{}}}
        )

    [_imagify_optimization_level] => Array
        (
            [0] => 1
        )

    [_imagify_data] => Array
        (
            [0] => a:2:{s:5:"stats";a:3:{s:13:"original_size";i:383974;s:14:"optimized_size";i:144743;s:7:"percent";d:62.299999999999997;}s:5:"sizes";a:10:{s:4:"full";a:5:{s:7:"success";b:1;s:8:"file_url";s:44:"https://news.wbhm.org/media/2008/07/bank.jpg";s:13:"original_size";i:227900;s:14:"optimized_size";i:52126;s:7:"percent";d:77.129999999999995;}s:9:"thumbnail";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-140x140.jpg";s:13:"original_size";i:5616;s:14:"optimized_size";i:4187;s:7:"percent";d:25.449999999999999;}s:6:"medium";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-336x257.jpg";s:13:"original_size";i:14514;s:14:"optimized_size";i:9178;s:7:"percent";d:36.759999999999998;}s:5:"large";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-771x590.jpg";s:13:"original_size";i:53510;s:14:"optimized_size";i:28042;s:7:"percent";d:47.590000000000003;}s:9:"wbhm-icon";a:2:{s:7:"success";b:0;s:5:"error";s:77:"WELL DONE. This image is already compressed, no further compression required.";}s:13:"wbhm-featured";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-600x338.jpg";s:13:"original_size";i:25822;s:14:"optimized_size";i:14477;s:7:"percent";d:43.939999999999998;}s:20:"wbhm-featured-square";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-300x300.jpg";s:13:"original_size";i:17134;s:14:"optimized_size";i:11456;s:7:"percent";d:33.140000000000001;}s:18:"wbhm-featured-home";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-407x311.jpg";s:13:"original_size";i:19393;s:14:"optimized_size";i:12041;s:7:"percent";d:37.909999999999997;}s:22:"wbhm-featured-carousel";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-347x265.jpg";s:13:"original_size";i:15178;s:14:"optimized_size";i:9545;s:7:"percent";d:37.109999999999999;}s:14:"post-thumbnail";a:5:{s:7:"success";b:1;s:8:"file_url";s:52:"https://news.wbhm.org/media/2008/07/bank-125x125.jpg";s:13:"original_size";i:4907;s:14:"optimized_size";i:3691;s:7:"percent";d:24.780000000000001;}}}
        )

    [_imagify_status] => Array
        (
            [0] => success
        )

)
1662767684 
1216771200
 It’s been a sour housing market of late with rising mortgage defaults and consumer debt. And big banks have been feeling the hurt too. Birmingham’s Regions Financial reported second quarter profits are down by more than 50% and cut their dividends by an even higher percentage. Charlotte, N.C.-based Wachovia had losses approaching $9 billion and is cutting more than 6,300 jobs nationwide, including some jobs in Alabama. Former Wachovia CEO Ken Thompson was also a casualty in that company’s financial woes. WBHM’s Steve Chiotakis spoke with John Kottmeyer, an economics professor at Samford University’s Brock School of Business about the sour news and what to expect in the future.
 

 

Supreme Court will weigh in on Trump’s tariffs. Here’s what to know about the case

Two lower courts have said some of President Trump's tariffs are unlawful. Now the Supreme Court has agreed to examine the issue.

Iran and the IAEA are expected to resume cooperation under agreement backed by Egypt

Iran and the International Atomic Energy Agency signed an agreement in Cairo to pave the way for resuming cooperation, including on ways of relaunching inspections of Iran's nuclear facilities.

Birmingham youth choir returns to the stage after golden buzzer moment

The Birmingham Youth and Young Adult Choir returns to NBC's "America's Got Talent" Tuesday evening after having won one of the show's golden buzzers earlier this summer.

The MAHA plan for healthier kids includes 128 ideas, but few details

The Make America Healthy Again commission is proposing more than 100 moves to address the root causes of childhood chronic disease. Critics say other Trump administration moves contradict the goals.

60 years later, Sandy Koufax’s perfect game is still amazing

Tuesday marks 60 years since Sandy Koufax threw a perfect game at Dodger Stadium. The 1-0 victory over the Chicago Cubs is still considered one of the best games in baseball history.

Ethiopia inaugurates Africa’s biggest dam amid regional tensions

Ethiopia opens Africa's largest hydropower project, the Blue Nile's Grand Ethiopian Renaissance Dam — a milestone that's sparking alarm in neighboring Sudan and Egypt.

More Economy Coverage