Banking & Finance


SEC Charges Two Top OCZ Executives

The U.S. Securities and Exchange Commission (SEC) announced that it has charged two former top executives at OCZ Technology Group for accounting failures at the now-bankrupt seller of computer memory ...
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Home Loan Servicing Solutions Under Fire From SEC in Ocwen Dealings

The U.S. Securities and Exchange Commission (SEC) charged Home Loan Servicing Solutions Ltd. (HLSS) for making material misstatements regarding the handling of related party transactions and the value of its ...
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Nearly Half of Americans Have No Savings

In response to a recent survey question asking people how much money they had in a savings account, some 28% said “zero.” Nearly 21% more had no savings account at ...
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Corn Field

American Farmland Sets Terms for IPO

American Farmland Company has filed an amended S-11 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. In the filing 12 million units are being ...
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Computer Password

Warren Buffett Gets Into Cybersecurity Insurance

If there is a way to make a dollar or two off of secular trends, chances are high that Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) may be interested ...
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ATM machine

Average Bank ATM Fee Rises to New High of $4.52

In 2015, ATM fees increased by 4% to $2.88 per transaction for consumers who use machines at outside their own network. Consumers’ own banks also tack on an average $1.64 ...
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Patriot National Files for Secondary Offering

Patriot National Inc. (NYSE: PN) has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for a secondary offering. No terms were given in the filing, but it ...
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Why Mortgage REITs May Be Safe Again

Though real estate investment trusts (REITs) have been a popular vehicle for investments in the past, they have suffered over the past year. At current levels, Credit Suisse sees mortgage-based ...
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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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