Goldman Sachs (NYSE: GS) was attacked by an executive director who left today. The reason for his departure was that he thinks Goldman is a culture of devils who love money and take ... Read Full Story »
The Nasdaq rose above 3,000 for the first time since December 2000. The extraordinary move was helped by Apple (NASDAQ: AAPL), which makes up a large portion of the index’s ... Read Full Story »
Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion ... Read Full Story »
Almost all of the stress tests for America's 19 largest banks demonstrated the financial companies possess adequate capital to survive an economic event similar to the Great Recession. One exception was Citigroup (NYSE: C). Citi has had over ... Read Full Story »
J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a ... Read Full Story »
The next wave of stress tests on the U.S banks is due to come out by the end of this week. The Federal Reserve is expected to show that bank ... Read Full Story »
Short sellers reduced their positions in major financial firms and their positions in major tech stocks were divided, based on data from the NYSE and Nasdaq for the period that ... Read Full Story »
The Fed is unlikely to act with bond purchases if February unemployment figures are good. (Reuters) Low inflation in China could drive banks there to ease capital requirements to increase ... Read Full Story »
The next wave of stress tests on the U.S banks is due in the coming week. While many of the banks have reportedly been asking regulators to be less transparent, there ... Read Full Story »
Richard "Dick" Parsons, former CEO of Time Warner (NYSE: TWX), will leave his post as Chairman of Citigroup (NYSE: C). Many observers believe he stayed far too long. Most of ... Read Full Story »
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. ... Read Full Story »
These are some of this Monday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. American Campus Communities Inc. (NYSE: ACC) Raised to Buy at Argus. American ... Read Full Story »
President Obama may propose a new corporate tax rate. (Reuters) The U.S. Consumer Financial Protection Bureau will examine overdraft fees. (Reuters) Apple (NASDAQ: AAPL) will hold its annual meeting with the ... Read Full Story »
A recent report on foreclosure abuses in San Francisco has dimmed the excitement of a settlement of foreclosure abuses among banks, the federal government and state attorneys general. The amount of that agreement ... Read Full Story »
As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a ... Read Full Story »