Banking & Finance

Money background. Close-up.

After the Settlement, Where Does Ocwen Go From Here?

Ocwen Financial Corp. (NYSE: OCN) announced Monday morning that it had reached a comprehensive settlement with the New York Department of Financial Services regarding the recent investigation. When the company ...
Read Full Story »
road fork sign

American Realty and RCS Plot Thickens as Lawsuit Surfaces

American Realty Capital Properties Inc. (NASDAQ: ARCP) has been under severe pressure since late October. The company announced at that time previously issued financial statements and other financial information should ...
Read Full Story »

OnDeck Prices Over Range Setting Up for IPO

OnDeck Capital Inc. announced the pricing for its initial public offering Tuesday night. The company stated the pricing as $20, above the expected price range of $16 to $18. There ...
Read Full Story »
business meeting

Patriot National Files for IPO

Patriot National Inc. has filed it S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given in the filing, but the ...
Read Full Story »
initial public offering

OnDeck Capital Sets Pricing for IPO

OnDeck Capital Inc. amended its S-1 filing with the U.S. Securities and Exchange Commission (SEC) to include pricing for its initial public offering (IPO). The pricing range for the offering ...
Read Full Story »
board room

More Woes for American Realty as Chairman and CEO Step Down

American Realty Capital Properties Inc. (NASDAQ: ARCP) announced Monday morning that there would be changes to its management and corporate governance. Nick Schorsch stepped down from his roles as executive ...
Read Full Story »

How to Value the LendingClub IPO: Live Coverage (Updated)

LendingClub Corp. (NYSE: LC) announced the pricing of its initial public offering Wednesday after the markets closed. The offering is for a total of 58 million shares of common stock ...
Read Full Story »

What a Huge Secondary Offering and Dividend Hike Mean for Gramercy

Gramercy Property Trust Inc. (NYSE: GPT) announced that it will have a secondary offering, in conjunction with raising its dividend rate. The company is a real estate investment trust, or ...
Read Full Story »

3 Top Financial Stocks Expected to Break Out in 2015

Oppenheimer released a report Monday morning detailing a few financial stocks that it expects to make big moves in 2015. The financial sector is the favorite rotation idea due to ...
Read Full Story »

Italy Downgraded on Deflation, Debt Concerns by S&P

Ratings agency Standard & Poor’s on Friday lowered its real and nominal growth projections for Italian GDP and, as a result, cut the country’s long- and short-term debt ratings in ...
Read Full Story »
initial public offering

How One Analyst Sees LendingClub Valuation Ahead of Its IPO

LendingClub is expected to come public in the week ahead as one of the last initial public offerings of 2015. With IPO proceeds expected to be almost $700 million, this ...
Read Full Story »

Deutsche Bank’s Top Large-Cap Bank Stocks for 2015

While the financial pundits are mixed on the prognostications for 2015, one thing seems for sure, at some point over the next year interest rates will start to trickle higher. For ...
Read Full Story »
Credit cards

MasterCard Chases Visa on Dividend Hike and Stock Buyback

MasterCard Inc. (NYSE: MA) has decided to chase rival Visa Inc. (NYSE: V) with a dividend hike. The credit card processing giant announced on Tuesday that its board of directors ...
Read Full Story »
initial public offering

LendingClub Sets Terms for IPO

LendingClub Corp. has amended its filing with the U.S. Securities and Exchange Commission (SEC) to set the terms for its initial public offering (IPO). The proposed maximum aggregate offering price ...
Read Full Story »

UBS Upgrades U.S. Bank Sector to Overweight From Neutral

With the economy showing strength, especially versus other areas around the globe, investors looking to find solid investments may want to stay right here when shopping for top banks to ...
Read Full Story »