Banking & Finance

credit cards

Home Depot Breach Hits 56 Million Credit Cards

The Home Depot Inc. (NYSE: HD) hack was huge -- 56 million cards to be exact. The company disclosed: Criminals used unique, custom-built malware to evade detection. The malware had ...
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Bitcoin image

Meet the First CFTC Regulated Bitcoin Derivatives Trading: TeraExchange

Bitcoin may have found yet another legitimizing feather for its cap. TeraExchange, a swap execution facility registered with the Commodity Futures Trading Commission (CFTC), has launched what is called the ...
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Mobile wallet

Long-Term Risks and Opportunities for Banks From Apple Pay

Fitch Ratings is among the many firms opining what the new Apple Pay will mean to the consumer market, and ultimately it has risks and rewards alike for banks and credit ...
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RBC Says These Top Stocks to Benefit the Most From Apple Pay

Clearly, after many years of the same old same old, Tim Cook and the team at Apple Inc. (NASDAQ: AAPL) were not only needing to generate new buzz, they had ...
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Visa Token

Visa Unveils Its Answer to Secure Online and Mobile Payments

Visa Inc. (NYSE: V) did not wait too long for Apple Inc. (NASDAQ: AAPL) to get its Apple Pay out there before it announced the launch of Visa Token Service. Visa's ...
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Synchrony IPO image

Strong Synchrony Analyst Coverage a Long-Term Positive for GE

The analyst quiet period for Synchrony Financial (NYSE: SYF) has now ended and analysts from the underwriting syndicate are out with mostly positive commentary on the credit card issuer. We ...
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bank vault

Citizens Financial Spin-Off Terms Have Been Set

The Royal Bank of Scotland Group plc (NYSE: RBS) plans to spin-off its retail bank Citizens Financial Group Inc., as a public company. Terms were recently set in an amended ...
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American Opinion of Banking Industry Rises

Banks were among the villains of the Great Recession, and rightly so. The actions of many large financial institutions helped trigger the economic implosion. Banks continue to get ongoing criticism ...
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Bank of America sign

Bank of America Still in Big Trouble

Bank of America Corp. (NYSE: BAC) may have settled on a $16.65 billion fine for mortgage law violations. However, if faces at least one more large lawsuit, customer service problems ...
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initial public offering

Lending Club Files for IPO

Lending Club Corp. has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were released for the filing, but it will be ...
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Credit cards

The Worst Credit Cards in America

The abundance of rewards programs for U.S. credit card users might lead one to conclude that the best credit cards offer the best rewards. Not even close. According to J.D. ...
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ETF investing

Are Triple-Leveraged ETFs on the Way Out?

August is generally considered to be the dog days of summer in the financial markets. It seems like most investors are more concerned with their last vacation of the summer ...
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3 Business Development Company Stocks With Attractive Dividends

The business development company (BDC) segment may have come under fire this summer, but looking forward it still provides investment potential in the form of its dividends. The pressure was ...
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TARP Payback Scorecard

Following the financial crisis of 2008, the U.S. Treasury was authorized to commit up to $700 billion to a troubled asset relief program -- TARP -- in an effort to ...
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Bank of America

What $16.65 Billion Really Means to Bank of America

Bank of America Corp. (NYSE: BAC) saw its shares rally late on Wednesday on news that it has reached a $17 billion settlement with the U.S. Department of Justice. Shares ...
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