Banking & Finance

Why Moody’s Sees More Credit Problems on the Horizon

Currently, there is a record number of highly leveraged non-financial companies around the world, which ultimately could spell disaster should another financial crisis hit. These firms are setting the stage ...
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Major Banks See Rising Tide of Short Interest

The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the ...
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International Employee Moral Day as Deutsche Bank Cuts 7,000 Jobs

The news that Deutsche Bank A.G. (NYSE: DB) would fire 7,000 people is a day old, but it is worth considering why the people lost their jobs. Management was overreaching ...
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Focus Financial Partners Files for IPO

Focus Financial Partners has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were given in the filing, although ...
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EVO Payments Enters the Market With a Bang

EVO Payments Inc. (NASDAQ: EVOP) entered the market with a bang in its IPO debut. Shares actually entered the market at $20.05, well above the original pricing. Although the S&P ...
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EVO Payments Closes in on IPO

EVO Payments has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The firm expects to price its 14 million ...
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Are MB Financial Shareholders Getting Enough in the Merger?

MB Financial Inc. (NASDAQ: MBFI) saw its shares make a handy gain to start the week after it was announced that it would be merging with Fifth Third Bancorp (NASDAQ: FITB). ...
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Well Fargo Renews Its Commitment to You After Rip-Offs (Update)

Update: According to The Wall Street Journal: Some employees in a Wells Fargo & Co. unit that handles business banking improperly altered information on documents related to corporate customers, according ...
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The World’s 15 Largest Banks

Of the world's 15 largest banks, the top four are based in China. These four giants topped the list in 2016 and in 2017, so it's no surprise at all ...
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How Reignited Investor Enthusiasm Could Take PayPal Shares Up to $100

PayPal Holdings Inc. (NASDAQ: PYPL) shares saw a slight bump up on Thursday following an incredibly positive analyst report. Nomura Instinet was the firm on the call, and this was ...
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Cryptocurrency Firm Circle Raises $110 Million to Launch Dollar-Backed Token

While digital currencies backed by some tangible asset have met with only limited success (see, Venezuelan petro), that's not for lack of trying. The latest entrant is Boston-based Circle Internet ...
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Why Goldman Sachs and Apple Will Launch a New Credit Card

Goldman Sachs Group Inc. (NYSE: GS) and Apple Inc. (NASDAQ: AAPL) shocked the world when they announced that they are planning to introduce a new joint credit card. The duo ...
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Short Sellers Cut and Run From Major Banks

The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the ...
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GreenSky Gears Up for IPO

GreenSky has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). No pricing details were mentioned in the filing. The company ...
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Wells Fargo’s Tim Sloan Remains One of America’s Worst CEOs

24/7 Wall St. named Wells Fargo & Co. (NYSE: WFC) CEO Tim Sloan one of the worst in America late last year. The case for the selection persists and has ...
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