The Federal Reserve Bank of New York announced the last sale of the remaining securities in the American International Group Inc. (NYSE: AIG) Maiden Lane III portfolio, and taxpayers might want to pay attention…
Shares of Fifth Third Bancorp (NASDAQ: FITB) opened higher this morning after the company said last night it won Federal Reserve approval for a 25% dividend hike and an expanded, $600 million share buyback…
Today’s release of the minutes of the Federal Open Market Committee (FOMC) likely will be reviewed closely by economists and Federal Reserve watchers. This is due out at 2:00 p.m. EST and should really…
The financial condition of US small businesses continue to show signs of improvement according to data from Capital One Financial Corp. (NYSE: COF). Hiring is improving as well: Small businesses started the year off…
nationsonline.orgEuropean stocks are up today on the possibility of further monetary stimulus in China boosted investor confidence, and investors await reports that may show the U.S. economy is improving. Prime Minister Jean-Claude Juncker of…
U.S. Bancorp (NYSE: USB) is proving why it was on our own proprietary list of the 7 Safest Large Banks in America. Standard & Poor’s has just raised the bank’s corporate credit rating, something…
The world’s largest restaurant chain, McDonald’s Corp. (NYSE: MCD) has confirmed that it is testing mobile payments at 30 of its stores in France. McDonald’s has about 30,000 stores all around the world, and…
CIT Group Inc. (NYSE: CIT) is getting it borrowing costs and its cost of capital lower and lower under the leadership of John Thain. While this company once went bankrupt due to a lack…
Bad loans held by Spain’s banks rose in June to reach record levels. The news might have been expected because so many of these loans are mortgages and Spain’s real estate sector continues to…
British-based Standard Chartered PLC, which agreed yesterday to a settlement with the state of New York that cost the bank $340 million, is seeking a speedy, collective resolution to outstanding investigations being conducted by…
Standard Chartered has paid the New York Department of Financial Services $340 million to settle charges that it helped Iran interests launder money. Unfortunately for the financial firm, this settlement is only the tip…
London-based bank Standard Chartered PLC has agreed to pay $340 million to the state of New York’s bank regulator to settle charges that the bank hid $250 billion in more than 60,000 transactions for…
American International Group, Inc. (NYSE: AIG) has managed to hold up exceptionally well since its last secondary offering held by the U.S. Treasury. We said it at the time of the offering that the…
Wells Fargo & Co. (NYSE: WFC) may have taken the title for the safest of the big money center banks away from J.P. Morgan Chase & Co. (NYSE: JPM), but the bank is not…
The National Federation of Independent Business (NFIB) reported that its small business optimism index fell 0.2 points in July to 91.2. The most frequently cited issues for small business owners in July were taxes…