ThinkstockToday’s 30-Year Treasury Bond auction, the long bond auction, managed to look better than yesterday’s 10-year Treasury Note auction. Yesterday’s tone looked as though it was going to set a dismal tone for longer-term…
ThinkstockTreasury prices had firmed in recent days, taking the yield of the 10-Year Treasury note further away from breaking back above the 2.0% mark. Now a new 10-year auction has been held by the…
ThinkstockThe number of global customers who use mobile banking services will rise to more than 1 billion by 2017, according to a new report from U.K.-based firm Juniper Research. At the end of 2013,…
Deutsche Bank A.G. (NYSE: DB) initiated coverage today on the U.S Life Insurance industry. While they do have some Buy recommendations in the current report. their bias is decidedly bearish. If the overall thesis…
ThinkstockCredit Suisse (NYSE: CS) downgraded its rating on Bank of America Corp. (NYSE: BAC) due to valuation after such a monumental rise. After all, the bank was the top-performing DJIA stock of 2012. Today’s…
ThinkstockSeveral websites of the consumer divisions of large U.S. banks have been down intermittently. The source of the problem was believed to be hackers, but it was not clear if they were a small,…
Just over one month ago we made the case that perhaps the best short since the heyday of the subprime mortgage debacle may be on the horizon. Our December 5 story identifying the biggest…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseA softening of the liquidity rules set by the Basel III accord are based on revisions that probably will help profits at the world’s largest banks for now and may…
ThinkstockIn a speech today in Baltimore, Richmond Fed President Jeffrey Lacker said that he agrees with the view of most economists that U.S. inflation will be “a little less than 2 percent” in 2013.…
Interest rates are nearly zero and the Federal Reserve has pledged to keep them that way until unemployment reaches 6.5% and as long as inflation does not get to a level that would be…
courtesy U.S. Federal ReserveThe Federal Open Market Committee has released its minutes of the December 2012 FOMC meeting. Without regurgitating the entire report, the minutes appear to be a bit more cautious regarding easing…
thinkstockLast night’s passage of a deal on the fiscal cliff in the U.S. House of Representatives has lit a fire under stock futures this morning. The DJIA is up more than 160 points (about…
ThinkstockA group of private equity firms, including The Carlyle Group L.P. (NASDAQ: CG), announced yesterday that the consortium would acquire investment advising and banking firm Duff & Phelps Corp. (NYSE: DUF) for $15.55 a…
ThinkstockThe IntercontinentalExchange Inc. (NYSE: ICE) is about to get a serious makeover. With its $9.4 billion market value, the futures exchange is acquiring the NYSE Euronext Inc. (NYSE: NYX). This is no merger of…
ThinkstockDiscover Financial Services (NYSE: DFS) reported fourth-quarter fiscal 2012 results before markets opened this morning. The financial services company posted diluted earnings per share (EPS) of $1.07 on revenues of $2 billion, net of…