Wikimedia CommonsThe research team at BofA/Merrill Lynch is all over the earnings, dividend and stock buyback news from American International Group Inc. (NYSE: AIG). The firm is reiterating its Buy rating, but more importantly…
ThinkstockAmerican International Group Inc. (NYSE: AIG) may have been considered “public enemy number one” during and after the financial crisis, but that was then and this is now. The company has removed the U.S.…
thinkstockStandard & Poor’s has decided that the corporate credit ratings for the National Bank of Greece S.A. (NYSE: NBG) are affirmed at “CCC/C.” What remains a caution is that the ratings outlook is now…
courtesy U.S. Federal ReserveThe Federal Reserve statement from the July FOMC meeting has been released. Ben Bernanke and the team inside the Fed are looking for the economy to continue improving, but there will…
thinkstockLoews Corp. (NYSE: L) reported second-quarter 2013 results before markets opened this morning. The holding company reported net income of $269 million, or earnings per share (EPS) of $0.69, compared with $56 million, or…
The days of Ben Bernanke as the chairman of the Federal Reserve are looking shorter and shorter ahead of his term expiration in 2014. President Obama has said that Bernanke is likely ready to…
ThinkstockEsther George, president of the Kansas City Federal Reserve, is the most vocal voting member of the Federal Reserve’s Federal Open Market Committee (FOMC). At each FOMC meeting, she is against the endless easing…
ThinkstockThe recession turned the banks into whipping boys of Main Street, and finding many who feel sorry for the banks is no easy task. The issue that matters for your mutual funds and your…
ThinkstockThe U.S. Treasury has just had its first medium-term note auction for the week in a $35 billion five-year Treasury note auction. This will still pertain to some banks and depository institutions but the…
ThinkstockThe European Commission (EC) has been searching for a way for a long time to cut what it calls “unjustified high” credit and debit card fees. The commission might have just found it. The…
bitcoin.orgThere is more bad news for Bitcoin, and it is not just that proposed Bitcoin ETF is not going to ever be allowed off the ground. The Securities & Exchange Commission has charged a man…
ThinkstockThe U.S. Securities and Exchange Commission (SEC) today rejected a settlement with Philip Falcone and his hedge fund firm Harbinger Capital Partners LLC that had been proposed by the Commission’s own enforcement division. Under…
ThinkstockIf you knew one thing was coming it would be that American Express Co. (NYSE: AXP) would issue a statement after reports surfaced that the European Commission was drafting new proposals of regulation for…
ThinkstockU.K.-based Barclays PLC (NYSE: BCS) is refusing to pay fines totaling $470 million levied against the bank by the U.S. Federal Energy Regulatory Commission (FERC) related to electricity trading by four former traders who…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseBank of America Corp. (NYSE: BAC) reported second-quarter 2013 results before markets opened this morning. The investment bank and financial services giant reported quarterly diluted…