ThinkstockSaying that a recent decision by the European Parliament calls into question government support of European banks, Standard & Poor’s on Tuesday cut its outlook on 15 of the continent’s banks from “stable” to…
Courtesy RosneftSix of Russia’s largest publicly traded companies were downgraded Monday morning by ratings agency Standard & Poor’s. The six include the country’s largest oil producer, Rosneft; its largest natural gas producer, Gazprom; and…
When Bank of America reported first-quarter earnings less than two weeks ago, it said the results of its Federal Reserve stress tests would allow it to increase its dividend. That's not going to happen…
After reporting earnings after markets closed on Thursday, Visa held its conference call to add some color to its rather boring second-quarter results.
ThinkstockVisa Inc. (NYSE: V) reported fiscal second quarter 2014 results after markets closed on Thursday. The credit card issuer posted adjusted diluted earnings per share (EPS) of $2.20 and revenues of $3.16 billion. In…
Standard & Poor's has affirmed its CCC rating on National Bank of Greece. The call sounds like it is one of stability on the surface, but S&P's outlook is Negative.
ThinkstockThe Consumer Financial Protection Bureau has put out a bulletin with extraordinary information. If the co-signer on a student loan dies or files for bankruptcy, the student loan can be forced into default —…
ThinkstockHedge Funds may not be getting the stellar performance that many investors were accustomed to when this was an obscure industry, but it turns out that they are still at record asset levels. The…
Goldman Sachs is still a new Dow Jones Industrial Average component, and now the bulge bracket investment banking firm is out with its first-quarter earnings for 2014.
Morgan Stanley reported better-than-expected first-quarter results before markets opened Thursday. The bank has now posted a profit -- and beat earnings estimates -- in five consecutive quarters.
American Express Co. (NYSE: AXP) is finding a mixed reception after its earnings report. The higher-end credit card issuer reported a 16% earnings gain to $1.33 in earnings per share versus expectations of $1.30…
Bank of America reported first-quarter results before markets opened Monday. The bank continues to get slammed with settlements related to its acquisition of Countrywide during the financial crisis.
ThinkstockJanet Yellen is still getting her feet wet as chairman of the Federal Reserve. A speech on Tuesday morning may only act to create more confusion from the banks. At least that will be…
Citigroup reported better-than-expected first-quarter results before markets opened Monday morning. The bank reportedly started trimming more jobs last week and will close some Korean consumer banks.
Wells Fargo reported better-than-expected first-quarter earnings before markets opened Friday morning. The said it will raise its dividend and repurchase 350 million of its shares.