The U.S. Federal Reserve Bank and other U.S. bank regulators said this morning that new regulations related to capital reserve requirements for the country’s banks will be delayed beyond the current January 1st effective…
ThinkstockFederal Reserve Governor Elizabeth Duke is speaking at the Community Bankers Symposium in Chicago, Illinois today. She brought up new capital requirements under Basel III being delayed. The agencies announced this morning that they…
thinkstockThe 30-Year Treasury’s long bond auction generated $16 billion in long-term debt today. The 2.75% coupon bonds will mature on November 15, 2042 and this sale was actually $16.564 billion on a non-competitive basis…
ThinkstockThe bank sector suddenly finds itself in a state of flux, and as Yogi Berra might say, “It’s like deja vu all over again.” On the trading day after the presidential election, banks were not very…
ThinkstockThe ECB left is rates unchanged but we now have many of the comments from Mario Draghi on how the ECB is maintaining a watchful eye on things in Europe. Draghi expects that inflation…
ThinkstockTo virtually no one’s surprise, the European Central Bank (ECB) this morning announced that it will leave its key interest rate unchanged at a record low of 0.75%. Now everyone will wait to hear…
thinkstockThe European Central Bank has decided to leave interest rates unchanged. This means that the refinance rate will remain at 0.75%. Today’s statement from the monetary policy decisions says: At today’s meeting the Governing…
ThinkstockE*TRADE Financial Corporation (NASDAQ: ETFC) is getting a chance to refinance its borrowing costs at what should obviously be far lower than what it is paying out now. The online brokerage firm is still…
ThinkstockWe have two investment banking forms merging to become one larger firm. In a surprising merger transaction, Stifel Financial Corp. (NYSE: SF) and KBW Inc. (NYSE: KBW) have announced a definitive merger agreement to create…
ThinkstockHSBC Holdings PLC (NYSE: HBC) reported third-quarter 2012 earnings this morning in London. The banking and financial services firm posted adjusted earnings per share (EPS) of $0.13 on revenues of $48.98 billion. In the…
ThinkstockThe U.S. Treasury Department today said that it will collect gross proceeds of $67 million from the sale of shares in 11 banks that received TARP bailout funds following the 2008 financial crisis. Treasury…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe Financial Stability Board released its evaluation of G-SIBs. Another way to put that is a review of the financial health of “systemically important” banks,…
ThinkstockMarket maker Knight Capital Group Inc. (NYSE: KCG) has shut down equities trading today after a backup power source failed at its offices in New Jersey. The failure is not affecting the company’s bond…
ThinkstockThe NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) has just released that The NASDAQ Stock Market and other NASDAQ OMX-owned U.S. exchanges and markets and the FINRA/NASDAQ Trade Reporting Facility will be open for business on…
Jon OggMore global quantitative easing is happening. Unfortunately, it is coming on a day when the U.S. markets are closed so the news may fall on deaf ears in America. Elsewhere the reaction was…