The Argument For & Against Decimalization Returning In 2013
If you have been trading or investing in stocks for more than a decade, one of the greatest changes that has taken place through time is the move from fractional pricing of shares to…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 131Fed Governor Proposes Research on Shadow Banking System
Federal Reserve Governor Daniel Tarullo said in a speech this morning at the Brookings Institution that there remains one significant task in the reform of the financial system: he most important remaining task of…
Investigation Poses Survival Risk for Net 1 UEPS
Net 1 UEPS Technologies Inc. (NASDAQ: UEPS) is finding out just how fun and complicated it can be when a foreign company is being investigated by the Department of Justice. The South African payment solutions…
Bank of America Calls 2013: 1,600 S&P 500 and $2,000 Gold
Bank of America Corp. (NYSE: BAC) has a new macroeconomic report in its RIC Report series. As it is December now, it is the investment ideas for 2013. BofA has 10 themes it is…
A New Blue-Light Special: Mortgages
Nearly half the respondents in a recent study said they would consider getting a mortgage through eBay Inc.’s (NASDAQ: EBAY) PayPal. And one of three would consider a mortgage from Wal-Mart Stores Inc. (NYSE:…
Boston Fed President Defends QE, Sees Tools Against Inflation
Eric Rosengren, President of the Federal Reserve Bank of Boston has spoken on Monday defending the latest Fed efforts around asset purchases. He maintains that the Fed does have the tools to counter a…
UBS Near Settlement on Libor Scandal
A second major bank is near a settlement agreement with regulators related to charges of manipulating the Libor interest rate. Swiss banking giant UBS A.G. (NYSE: UBS) is expected to agree to pay at…
Credit Suisse Adopts Negative Rate
Uber bank Credit Suisse Group (NYSE: CS) said today that it would begin charging customers a negative interest rate on deposits of Swiss francs beginning on December 10th. The bank did not say what…
FDIC Director Wants Higher Capital Requirements
Thomas Hoenig, director of the Federal Deposit Insurance Corporation (FDIC) said in a speech in New York today that there remains significant risk that the public will once again have to “pick up the…
Small Business Optimism Plummets — Gallup
The Wells Fargo/Gallup small business index dropped from a July reading of 17 to a November score of -11, Gallup reported this morning. The index surveys small business owners’ ratings of current conditions for…
Fed’s Beige Book Signals Growth Barely Hanging On
ThinkstockIn today’s Federal Reserve Beige Book, the trend does remain one of growth but growth which is anemic at best. The Federal Reserve indicated that the economy expanded at a measured pace recently, with seven…
Fed Governor Outlines More International Bank Regulation Framework
ThinkstockFederal Reserve Governor Daniel Tarullo is speaking today at the Yale School of Management Leaders Forum in New Haven, Connecticut. His speech is covering future regulation of foreign banking organizations. Tarullo noted that regulators…
Knight Capital: Let the Bidding Begin (KCD, JEF, AMTD, SF, BX)
thinkstockEver since that day in August when Knight Capital Group Inc. (NYSE: KCG) got slammed with a $460 million loss due to a nasty trading program error, investors have been waiting for the bids…
ISDA: Initial Margin of Up to $10.2 Trillion Required for OTC Derivatives
The International Swaps and Derivatives Association has now published an analysis of the initial margin requirements for non-centrally cleared OTC derivatives under the current regulatory proposals. Most of the public does not really understand…
Catalonia Votes for Independence
ThinkstockIn a snap election announced just a few weeks ago, voters in the Spanish region of Catalonia have given a clear majority of votes to parties seeking referendum on independence from Spain. The movement…