Smaller banks face higher interest rate bills if TARP remains unpaid, WSJ says U.S. small banks are facing a decision over federal aid received during the financial crisis. They can repay the funds soon or receive a higher interest rate bill, reports the Wall Street Journal. About 80 such banks still owe a total of about $2B disbursed under the Treasury's Troubled Asset Relief Program. Reference Link
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.