Banking & Finance

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Why Merrill Lynch Is Giving Up on Synchrony Financial, but Not on GE

Synchrony Financial (NYSE: SYF) is edging closer to its total separation from General Electric Co. (NYSE: GE). While many analysts have prognosticated on what Synchrony may be like when it ...
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Ocwen Dumps Servicing Rights on $25 Billion in Mortgages

Just a month ago, mortgage servicer Ocwen Financial Corp. (NYSE: OCN) sold servicing rights to a portfolio of some 81,000 performing loans owned by Fannie Mae and Freddie Mac, valued ...
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NBG Trifecta – Earnings, Management Change, Tsipras Meeting in Germany

National Bank of Greece S.A. (NYSE: NBG) has another new management team. Investors are deciding whether a new team being in place or whether additional financing ahead is more important. ...
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Construction equipment

Commercial Credit Files for IPO

Commercial Credit Inc. has filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). As this was the first filing, there was no pricing ...
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Fed Drops Patience, but Still Sees Rate Hikes Later in Dovish Stance

Well, like it or not, the Federal Reserve and Janet Yellen have now formally moved the needle to being closer to rate hikes. As many had expected, the Federal Reserve ...
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Goldman Sachs

No Sizzle in Goldman BDC IPO

The Goldman Sachs Group Inc. (NYSE: GS) priced the initial public offering for its spin-off of Goldman Sachs BDC Inc. (NYSE: GSBD) on Tuesday evening, and the stock began trading ...
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FXCM Shows It Is a Survivor

FXCM Inc. (NYSE: FXCM) reported its fourth-quarter results Thursday after the markets closed. The foreign exchange trader posted $0.27 in earnings per share (EPS) and $134.7 million in revenue, coming ...
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dividends

Fed Approves Dividend Hikes for Most Major Banks, Citi Wins but BofA Does Not

The Federal Reserve has released its Comprehensive Capital Annual Review (CCAR) results and the news is overwhelmingly good for investors and operations inside of the major banks. While the stress ...
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Wall Street Bonuses Hit Third Highest Year Ever in 2014

It is the time for yet another round of evaluating who makes what and how much they deserve. This round pertains to the contested Wall Street bonuses and pay. New ...
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Goldman Sachs BDC Files for IPO

Goldman Sachs BDC Inc. announced plans for an initial public offering (IPO) in an N-2 filing with the U.S. Securities and Exchange Commission (SEC) Tuesday. Some 6 million shares are being ...
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4 Banks That Should Be Raising Dividend Payouts Soon

With the market closely watching the results of the Federal Reserve Dodd-Frank Act Stress Testing, or DFAST bank stress tests, and some handicapping that certain banks would be having problems, ...
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Can Boeing Sway Reauthorization for Export-Import Bank?

The U.S. Export-Import Bank dodged a bullet last September when its charter was temporarily reauthorized at the last minute, breathing life into the 80-year old institution until June 30, 2015. ...
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All 31 Too-Big-to-Fail Banks Pass Preliminary Fed Stress Tests

The Federal Reserve released the results of supervisory stress tests on Thursday. What stands out first and foremost is that the largest bank holding companies based in the United States ...
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Citigroup Sells OneMain Instead of Having IPO

Citigroup Inc. (NYSE: C) announced Tuesday morning that it has reached a definitive agreement with Springleaf Holdings LLC (NYSE: LEAF) regarding the sale of OneMain Financial Holdings. The purchase price ...
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Analyst Favors Annaly Yield and Book Value Discount

Despite the recent miss on earnings by Annaly Capital Management Inc. (NYSE: NLY), analysts are still viewing this mortgage real estate investment trust (REIT) giant favorably. In fact, Sterne Agee ...
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