FDIC Keeps Operating on Smaller Budgets
Banks and regulations may have yet another boost coming their way in 2017, on top of higher interest rates and lower regulations proposed by the Trump administration.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
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Why Oppenheimer Sees 2017-18 as Goldilocks Years for the Banks
The rally in most of the major banks stocks since the November 8, 2016 presidential election has been almost unprecedented. If a rally has taken place this fast it would only be the rally…
Oxfam Names ‘World’s Worst Tax Havens’
Oxfam International, the global poverty watchdog, has supplied companies with a list of the best places to park money to avoid taxes.
H&R Block Sinks Despite Beating Estimates
H&R Block shares fell in the wake of its better-than-expected fiscal second-quarter financial results.
JPMorgan’s Dimon New Head of Business Roundtable
Banker Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. (NYSE: JPM), was named Wednesday to succeed Caterpillar Inc. (NYSE: CAT) chairman and CEO Doug Oberhelman as chairman of the Business Roundtable. Dimon…
Jefferies Says Banks Still Have Room to Run: 4 Top Picks to Buy Now
The banking team at Jefferies feels that the ultimate bull case could be 30% to 35% increase in earnings from here, with a 1% increase in interest rates over the next two years and…
Highly Anticipated Marijuana REIT Has Very Quiet IPO
Innovative Industrial Properties entered the markets relatively quietly on Thursday. The stock entered the market at $20.25 and quickly dropped to below the $20 mark.
FDIC Banks Now Posting Record Profits
If you have seen the post-election rally in banks, you might just assume that the gains are tied to expectations of higher earnings, more growth and less regulation ahead. That may only be part…
SEC Charges JPMorgan With FCPA Violation
The U.S. Securities and Exchange Commission (SEC) recently announced that JPMorgan Chase & Co. (NYSE: JPM) has agreed to pay over $130 million to settle charges that it won business from clients and corruptly…
Surge in Online Loan Defaults Sends Shockwaves Through the Industry
Special from ZeroHedge Online lenders were supposed to revolutionize the consumer loan industry. Instead, they are rapidly becoming yet another “the next subprime.” We first started writing about the P2P sector in early 2015…
Mary Jo White to Step Down as SEC Chair
SEC Chair Mary Jo White, after nearly four years as the agency’s head, has announced that she intends to leave at the end of the Obama administration.
Even If Warren Buffett Did Not Sell Wells Fargo, Why He Might Not Have Bought More Either
There has been a lot to consider about Wells Fargo since its account-opening scandal broke. One top consideration is that Buffett has stuck by his largest public bank stake.
Which Major Banks Are Performing the Best for a Trump Presidency
That was fast. The media had warned frequently that a Donald Trump victory would bring immediate calamity to the financial markets. But with control of the House and Senate still in Republican hands, there is…
LendingClub Earnings Surprise Energizes Investors
Peer-to-peer loan maker LendingClub released better-than-expected third-quarter 2016 results before markets opened Monday morning.
What to Look for in Square Earnings
Square is expected to report its third-quarter financial results after the markets close on Tuesday.