Banking & Finance

Bank of America

BofA Promotes CEO Moynihan To Chairman As Well

Bank of America Corp. (NYSE: BAC) has made some serious corporate governance news that could change how the bank's oversight is handled in the years ahead. The company announced on ...
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Freddie Mac And Fannie Mae Face Reality Check After Court Ruling

Freddie Mac (FMCC) and Fannie Mae (FNMA) are being sued for breach of contract for allegedly not paying promised dividends and liquidation preferences to investors. These claims were ultimately dismissed, ...
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goldman sachs

Goldman Sachs New Long-Short Mutual Fund, a Retail Hedge Fund

Goldman Sachs Group Inc. (NYSE: GS) is one of the top brokerage firms and investment banking firms on Wall Street. The bulk of its clients are wealthy individuals and institutional ...
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Stock Split Image

Analysts Adjust Estimates for Janus, PIMCO and Bonds

The movement of Janus Capital Group Inc. (NYSE: JNS) shares after Friday's announcement that bond king Bill Gross would join the firm may or may not have been justified. What may be more difficult ...
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RBS Gets Key Upgrade by S&P After Business Update

The Royal Bank of Scotland Group PLC (NYSE: RBS) was one of the key figures behind the recent potential Scotland breakaway vote from the United Kingdom. Now that Scotland is ...
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Wells Fargo Leads Banks in Number of Branches

Bank branch count is not directly related to a financial firm's total deposits, but the correlation is close. Wells Fargo & Co. (NYSE: WFC) had 6,314 branches as of June 2014. ...
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ATM machine

Average Bank ATM Fee Rises to New High of $4.35

For the 10th year in a row, ATM fees increased in 2014 for consumers who use the machines at somewhere other than their own banks. The average cost rose 6.5% ...
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mutual funds

PIMCO Closed-End Funds Thrashed After Gross Departure

It is a rare event that a fund manager's departure can create such strong waves in a market. Still, when it is the likes of a Bill Gross punching out ...
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Bill Gross Janus

Bill Gross Brings $700 Million Payday for Janus

When you capture the king in chess, the game is over. In the bond market, the game just restarts with some new rules. Friday morning’s announcement from Janus Capital Group ...
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Bond King Bill Gross Major News: Leaving PIMCO for Janus!

Major news in the world of bond managers is taking place. Janus Capital Group Inc. (NYSE: JNS) has announced that a William H. Gross will be joining the firm. This ...
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bank vault

Short Sellers Flee Major Banks and Brokers

The news short interest figures are out for the September 15 settlement date. Short sellers have made some key changes in the major money center banks and bulge-bracket brokers that ...
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percent sign button

Rates Are Going Higher, but Will These 5 Top Banks Really Benefit?

The end of the quantitative easing is right around the corner, the federal funds rate, which has been perched near 0% for years, will be raised next year. Many on ...
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Citizens Bank logo

Why the Citizens Bank IPO Does Not Live Up to Advance Billing

Citizens Financial Group Inc. (NYSE: CFG) priced its initial public offering (IPO) at $21.50 a share, below the expected range of $23 to $25, and the stock’s first trade Wednesday ...
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WalMart logo

Walmart Moves Into Checking Account Business

Can Wal-Mart Stores Inc. (NYSE: WMT) finally be a bank, as it has wanted to be for years? If the largest retailer could offer an array of financial services, it ...
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Citizens Bank logo

Citizens Financial Revs Up for IPO

The U.S. banking division of the Royal Bank of Scotland Group PLC (NYSE: RBS) is expected to price its initial public offering (IPO) Tuesday and begin trading Wednesday. Citizens Financial ...
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