Banking & Finance

Why Moody’s Sees More Credit Problems on the Horizon

Posted: May 25, 2018 at 1:20 pm

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

Posted: May 25, 2018 at 10:15 am

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

Posted: May 25, 2018 at 6:16 am

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

Posted: May 24, 2018 at 11:20 am

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

Posted: May 23, 2018 at 11:35 am

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

Posted: May 21, 2018 at 1:30 pm

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?

Posted: May 21, 2018 at 8:35 am

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)

Posted: May 18, 2018 at 5:28 am

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

Posted: May 17, 2018 at 1:00 pm

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

Posted: May 17, 2018 at 12:50 pm

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

Posted: May 16, 2018 at 12:10 pm

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

Posted: May 11, 2018 at 10:55 am

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

Posted: May 10, 2018 at 11:30 am

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

Posted: May 7, 2018 at 9:10 am

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

Posted: May 5, 2018 at 8:00 am

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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