Banking & Finance


Leveraged Loan Default Rates Could Reach 2% in 2015

In the month of August, the institutional leveraged loan market experienced five defaults, the most since March of 2014. As bad as that is, it could get worse. According to ...
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Phoenix Hits It Big With Buyout Agreement

Phoenix Companies Inc. (NYSE: PNX) made waves in the market on Tuesday afternoon as one of the biggest winners on the day from some M&A action. The company announced that ...
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Allegiance Bancshares Sets Terms for IPO

Allegiance Bancshares has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The 2.6 million shares are expected to price ...
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Why Nomura Is Optimistic on American Express

Analysts at Nomura recently met with Vice Chairman Steve Squeri and Chief Financial Officer Jeff Campbell of American Express Co. (NYSE: AXP). Overall the firm walked away from the meeting ...
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Why Credit Suisse Sees Over 20% Upside in Citi Shares

Despite its underwhelming 2015 thus far, one key analyst has upgraded Citigroup Inc. (NYSE: C). Simply put, the valuation now appears to more adequately discount Credit Suisse’s concerns, without accounting ...
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1st Century Bancshares Files for IPO

1st Century Bancshares has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). No terms were given in the filing, but ...
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Ocwen Cuts 300 Jobs in Iowa

Mortgage servicer Ocwen Financial Corp. (NYSE: OCN) announced Thursday that the company will eliminate about 300 jobs at its Waterloo, Iowa, residential loan service center. The total represents about 10% ...
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Did Warren Buffett Save Moynihan’s Role as CEO and Chairman at Bank of America?

Bank of America Corp. (NYSE: BAC) has just joined the ranks of big banks and companies that survived a vocal shareholder proposal to split the role of chairman and chief ...
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CPI Card Sets Terms for Its IPO

CPI Card Group has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The offering of roughly 17.65 million shares ...
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Federal Reserve

Atlanta Fed President Speaks on Fed’s Decision to Hold Off

Atlanta Fed President and CEO Dennis Lockhart issued a speech to the Buckhead Rotary Club in which he discussed current economic conditions and the recent Federal Open Market Committee (FOMC) ...
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Why Oppenheimer Sees Substantial Upside in Goldman Sachs

When one investment banking firm initiates coverage on a rival firm, some cynical investors may think that the firm is really talking up its view on itself. That has not ...
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Credit cards

The Best Credit Card Deals for September

There are literally hundreds of banks and other financial institutions that issue credit cards, and there are cards designed to attract customers who want everything from cash back, to travel ...
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Will Shareholders Trust AmEx Earnings Growth Targets out to 2017?

If there is one financial player within the credit card industry that could use some shareholder help and some clarity, it is American Express Co. (NYSE: AXP). Having Warren Buffett's ...
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piggy bank

Credit Suisse Has 3 Regional Bank Stocks to Buy

With the Federal Reserve likely about to embark on the coming and eventual interest rate hike cycle, many investors are wondering which banks they should be looking at and which ...
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Does Blackstone’s Spin-Off of PJT Partners Matter?

Blackstone Group L.P. (NYSE: BX) has not found itself immune from the selling pressure this summer. The private equity giant has now set the dates for its expected spin-off. This ...
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