Banking & Finance - Page 2

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Ally Financial IPO Starts on Bad Note for Taxpayers

Ally Financial Inc. (NYSE: ALLY) priced its initial public offering at $25 a share after markets closed on Wednesday. The IPO price was at the low end of the expected ...
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Jamie Dimon Take Home Pay $11.8 Million for 2013

Being a bank CEO and Chairman is still no easy task in the current climate. In the world of the public reviewing CEO pay, it turns out that Jamie Dimon ...
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U.S. Attorney General Targets Bitcoin in Testimony

U.S. Attorney General Eric Holder made the news recently in testimony that his office was now investigating high-frequency trading to see if it constituted insider trading. Now Holder is targeting ...
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DOJ Investigates High-Frequency Trading

The U.S. Department of Justice (DOJ) is now getting in on an insider trading investigation regarding high-frequency trading. This method of trading has come under much more intense scrutiny after ...
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When an Analyst Treats Citigroup the Same as J.P. Morgan

Not all banks are created equally, and not all Wall Street analysts are treating each bank the same. Oppenheimer is treating most of the major money-center banks as though they ...
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J.P. Morgan Backs Off Russian Payment Halt

J.P. Morgan Chase & Co. (NYSE: JPM) announced Thursday that it has received clearance from U.S. regulators to process a transfer of funds from the Russian embassy in Kazakhstan to ...
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Federal Reserve

More Fed Predictions of Late 2015 Rate Hikes

Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, gave a speech on Wednesday to the Greater Miami Chamber of Commerce (obviously in Miami, Fla.). ...
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Why Western Union and PayPal Better Watch Out for Bitcoin

Bitcoin remains a mystery to much of the public, even while it has fought for its life as a currency and method of payment. Now a new angle has surfaced, ...
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Is the High-Frequency Trading Virtu IPO Toast?

Virtu Financial Inc. was supposed to be one of the top ten IPOs of 2014. Now it appears as though the high frequency trading shop, which almost never loses money ...
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J.P. Morgan Denies Russian Money Transfer

In what is the first action by a large U.S. financial institution as a result of sanctions against Russia, mega-bank J.P. Morgan Chase & Co. (NYSE: JPM) blocked a transfer ...
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Analysts Issue Sell Ratings on Citi and Ambac

Investors often get to hear about Buy ratings from Wall Street analysts. What they rarely get to hear is when brokerage firms' analysts tell investors to sell a stock. It ...
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Public Poll: Will You Buy the Ally Financial IPO?

Ally Financial Inc. is soon to become a public company again. The taxpayer has a stake here in this auto lender, considering that the U.S. government will be selling the ...
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Dear Citi, a Truly Pathetic Response to Dividend Denial

Citigroup Inc. (NYSE: C) shares are being punished over the Federal Reserve not allowing the company to increase its stock buyback or its common stock dividend. The reality is that ...
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Bank by Bank Dividend and Buyback Hike Approvals After Fed Review

Wednesday's big announcement is that the Federal Reserve did not object to the capital plans for some 25 of the 30 banks under review which were participating in the Comprehensive ...
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Citi and Four Banks Rejected for Dividend and Buyback Hikes by Fed

Citigroup Inc. (NYSE: C) is one of five banks which were not given approval for their proposed capital plans filed with the Federal Reserve. This means that the bank will ...
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