Banking & Finance

Everything was looking perfect for the banks at the start of 2020. Interest rates were expected to remain stable for the year, business was booming and regulators seemed to be easing up. Then the...
Jon C. Ogg
Mortgage lenders are facing a drain on cash from margin calls on mortgage-backed securities that have been hedged against loss before the securities begin trading.
Paul Ausick
These four top Merrill Lynch financial stock picks pay “defensible” dividends, boast extremely reasonable valuations after the huge sell-off and have the potential for good moves higher over the...
Lee Jackson
Fannie Mae is now faced with a double whammy of rising interest rates and an almost-certain collapse of homebuyers. What are the prospects for a public offering of Fannie Mae stock in 2021?
Paul Ausick
Thomas Barrack, CEO of commercial real estate firm Colony Capital, has a few suggestions on how to help both homeowners and real-estate companies get through the economic slowdown caused by...
Paul Ausick
It is becoming increasingly obvious that traditional fiscal policies from central banks just aren't adding up to be enough to stop the economy from moving rapidly from a raging bull market into a...
Jon C. Ogg
As the Federal Reserve has lowered rates and is expected to do so again, one has to wonder if Morgan Stanley will reconsider its acquisition of E*Trade.
Jon C. Ogg
Robinhood, the next generation trading product, suffered a collapse for the second time. If traders want anything, it is for their system to be up and running when they have to trade.
Douglas A. McIntyre
Plunging oil prices are putting pressure on financial sector stocks Monday. Investors are also keeping an eye on U.S. Treasuries. Financial firms' interest income could be hammered hard by the...
Paul Ausick
H&R Block stock tumbled early Friday after the release of disappointing fiscal third-quarter earnings late on Thursday.
Chris Lange
It is generally believed that for the stock market to rise there has to be some participation by the financial sector. After all, if the value of the whole market has risen, it should imply that the...
Jon C. Ogg
Morgan Stanley announced Thursday that it has agreed to acquire E*Trade in an all-stock transaction valued at $13 billion.
Paul Ausick
Ally Financial has agreed to acquire non-prime credit card issuer and payment services company CardWorks for $2.65 billion in cash and stock. Ally's stock tanked on the news.
Paul Ausick
Investment management firm Franklin Resources has agreed to acquire Legg Mason for $4.5 billion in cash and the assumption of $2 billion in debt. Consolidation continues as passive investing makes it...
Paul Ausick
After its announced rough fourth-quarter earnings, huge bank HSBC told media that it will cut as many as 35,000 jobs. The bank’s pretax profit fell 33% to $13.4 billion, well below analyst...
Douglas A. McIntyre