SEC Charges 2 Top OCZ Executives
The U.S. Securities and Exchange Commission announced that it has charged two former top executives at OCZ Technology Group for accounting failures.
Banking, finance, and taxes
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Newest first · Page 77Home Loan Servicing Solutions Under Fire From SEC in Ocwen Dealings
The U.S. Securities and Exchange Commission (SEC) charged Home Loan Servicing Solutions Ltd. (HLSS) for making material misstatements regarding the handling of related party transactions and the value of its primary asset and for…
Nearly Half of Americans Have No Savings
In response to a recent survey question asking people how much money they had in a savings account, some 28% said "zero."
American Farmland Sets Terms for IPO
American Farmland Company is offering 12 million units in an expected price range of $8.50 to $10.50, with a value of up to nearly $145 million.
Warren Buffett Gets Into Cybersecurity Insurance
If there is a way to make a dollar or two off of secular trends, chances are high that Warren Buffett and Berkshire Hathaway may be interested in profiting from it.
Average Bank ATM Fee Rises to New High of $4.52
ThinkstockIn 2015, ATM fees increased by 4% to $2.88 per transaction for consumers who use machines at outside their own network. Consumers’ own banks also tack on an average $1.64 for using another banks’…
Why Mortgage REITs May Be Safe Again
Credit Suisse now sees mortgage-based REITs as an attractive investment opportunity, based on stabilized book values and earnings outlooks.
Leveraged Loan Default Rates Could Reach 2% in 2015
In the month of August, the institutional leveraged loan market experienced five defaults, the most since March of 2014.
Phoenix Hits It Big With Buyout Agreement
Phoenix Companies made waves in the market on Tuesday afternoon as one of the biggest winners on the day from some M&A action.
Why Nomura Is Optimistic on American Express
After meeting with management of American Express, Nomura walked away feeling greater confidence in the underlying strength of the company's core franchise.
Why Credit Suisse Sees Over 20% Upside in Citi Shares
Despite its underwhelming 2015 thus far, Credit Suisse has upgraded Citigroup, as the valuation now appears to more adequately discount the firms concerns.
1st Century Bancshares Files for IPO
1st Century Bancshares has filed with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO).
Ocwen Cuts 300 Jobs in Iowa
Mortgage servicer Ocwen Financial announced Thursday that the company will eliminate about 300 jobs at its Waterloo, Iowa, residential loan service center.
Did Warren Buffett Save Moynihan’s Role as CEO and Chairman at Bank of America?
Bank of America has just joined the ranks of big banks and companies that survived a vocal shareholder proposal to split the role of chairman and chief executive officer.
Atlanta Fed President Speaks on Fed’s Decision to Hold Off
ThinkstockAtlanta Fed President and CEO Dennis Lockhart issued a speech to the Buckhead Rotary Club in which he discussed current economic conditions and the recent Federal Open Market Committee (FOMC) decision to hold off…