Some politicians just refuse to move on. The woes for Jamie Dimon and friends at J.P. Morgan Chase & Co. (NYSE: JPM) after the trading losses from the London Whale just refuse to go…
The Bank of England this morning announced that it would leave its policy lending rate unchanged at 0.5%, the same level it has been on since March of 2009. The bank also left its…
Discover Financial Services (NYSE: DFS) has managed to avoid getting crushed and its share price is actually much higher than it was before the recession. Shares are very close to an all-time high. Most…
How many companies can issue press release showing that a secondary offering, with not a single penny ending up in the company’s coffers, will increase the free float by about 10% on an implied…
Capital One Financial Corp. (NYSE: COF) might be one of the safer banks in America and it may be adding assets where it can, but now its shareholders are getting clipped a little after…
Moody’s is panning the U.S. banking sector yet again. In an updated credit profile on Tuesday, Moody’s said, “The outlook for the US banking system remains negative, with ongoing challenges in the operating environment expected…
There is still plenty of negative news out of Europe. Recent data about the PMI of most nations showed their economies continue to slow or even contract. And unemployment in the eurozone has reached an all-time high…
Research firm SNL Financial has released its list of the top 50 U.S. banks at the end of the second quarter of 2012. The eleven largest banks are JPMorgan Chase & Co. (NYSE: JPM),…
Barclays PLC (NYSE: BCS) did not take long to appoint a new chief executive. The CEO is Antony Jenkins. He ran the retail part of the financial firm, so he was far from the…
Citigroup Inc. (NYSE: C) is increasing its debt repurchases. The banking giant said that it is upsizing the principal amount of the notes to be accepted for purchase under cash tender offers by Citigroup…
Knight Capital Group Inc. (NYSE: KCG) has decided to bring on three new board members for oversight now that it has been bailed out. Let’s just call this more adult supervision. The market making and…
The short interest in bank stocks looks to be one where investors and speculators are easing up on their attacks of the quality banks if you review the short interest changes from August 15…
Reports of a letter from Fed Chairman Ben Bernanke to Darrell Issa, chairman of the House Oversight and Government Reform Committee, are offering a boost to financial markets going into the weekend ahead of…
Bloomberg reports that HSBC (NYSE: HBC) has gone into talks with federal officials to settle charges that it helped launder money for interests in Sudan and Iran. Other banks may be caught in related investigations. Standard…
Bank of America Corporation (NYSE: BAC) is appointing four new board members, an effort which will replace retiring members. The move will initially take the number of board members up to a count of sixteen…