Banking & Finance

united kingdom

S&P Downgrades United Kingdom To “AA”

It has been expected since Brexit that the credit rating agencies would chop the "AAA" rating of the United Kingdom. That happened today, and S&P cut its UK rating to ...
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Dollar Bills

GE Sells Off More Financial Assets, Sales Closer to Completion

General Electric Co. (NYSE: GE) keeps selling financial assets. What may be different now versus in 2015 is that the size of each deal seems smaller and smaller. Investors and ...
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Online lending

Loan Cap Appeal Rejected by US Supreme Court

The U.S. Supreme Court on Monday refused to hear an appeal from a branch of the Encore Capital Group Inc. (NASDAQ: ECPG) to stop a class-action lawsuit against the firm ...
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money

People’s United Financial Moves to Acquire Suffolk Bancorp

Suffolk Bancorp (NYSE: SCNB) saw its shares rise over 25% on Monday morning following an acquisition agreement with People’s United Financial Inc. (NASDAQ: PBCT). The companies announced a definitive agreement ...
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burning cash

6 Financials That Are Still Getting Nailed By the Brexit Vote

The market reaction to the British vote to leave the European Union has been catastrophic, not just in the U.S. markets but globally everything has pulled back. Perhaps the hardest ...
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bank building

US Banks Drop Nearly 8% On Brexit

The largest U.S. banks had a rough day Friday following the U.K. vote to leave the European Union. The average share price loss for the country's six biggest banks was ...
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European currency

How The Major Banks Are Under Fire From Brexit

In a somewhat unexpected move, the United Kingdom has left the European Union causing significant fallout within global markets. At the same time, investors are piling into gold to hedge ...
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Stocks

3 Stocks to Buy Now That Brexit is a Reality

  Against all odds, the citizens of the United Kingdom have voted to exit the European Union by a large 4 point margin. Against all odds literally, because UK ...
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bank building

Banks Likely To Raise Dividends After Stress Tests

The Federal Reserve has finally released the results of the 2016 stress tests. If there is one thing you need to take away from this, it is that all of ...
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Online lending

Chinese Investor Increases Stake in LendingClub

Troubled peer-to-peer loan maker LendingClub Corp. (NYSE: LC) reported Monday in a filing with the U.S. Securities and Exchange Commission (SEC) that various entities of China-based Shanda Group acquired 57.74 ...
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Vault Door

How to Trade European Bank Stocks on the Brexit Vote

Some of the most feared stocks in the world right now are European banks, but this also makes them rife with opportunity. With the Brexit vote set for Thursday, June ...
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Credit cards

Why Synchrony Sank on Tuesday

Consumer financial services giant Synchrony Financial (NYSE: SYF) said Tuesday morning that it has recently completed a loss forecast and now expects a rise of 20 to 30 basis points ...
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Money

4 UBS Most Preferred Financial Stocks Also Pay Big Dividends

While some analysts feel that the Federal Reserve should continue to hold rates at historic lows, others feel that there is enough strength in the economy and the unemployment picture ...
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bank building

How Each Major Bank Value and Upside Looks Ahead of FOMC Decision on Rates

Banks are just not very much in favor these days. The low interest rate policy of the Federal Reserve and the extensive regulatory environment have coincided with a period when ...
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hundred dollar bill

What to Expect From H&R Block Earnings

H&R Block Inc. (NYSE: HRB) is scheduled to report its fiscal fourth-quarter financial results after the markets close on Thursday. Despite a very weak third quarter, we must keep in ...
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