Banking & Finance

Is Facebook’s Libra on Its Deathbed, With So Many Partners Fleeing?

The world seems to be entering a much more regulated area around technology, media and communications. When it comes to social media, there is the dominance of Facebook Inc. (NASDAQ: ...
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Major Bank Earnings to Watch Tuesday Morning

A handful of the major banks are reporting their most recent financial results on Tuesday morning. Most of these banks normally report on Friday, but this quarter they are changing ...
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Bank of America, Citigroup, Wells Fargo and More Major Banks Reporting This Week

Practically all the major banks are reporting their third-quarter financial results this week. In general, financial stocks have performed in line with the markets, despite a tumultuous China trade war. ...
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How Annaly Capital’s 11% Yield Could See Much More Upside

Annaly Capital Management Inc. (NYSE: NLY) is classified in the mortgage-backed securities portion of real estate investment trusts. This MBS-REIT comes with a very high dividend yield, and despite having ...
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Online and Discount Trading Firms See More Carnage From Zero-Commission Efforts

The world of trading stocks, bonds, mutual funds and exchange-traded funds has been an ever-changing landscape. Charles Schwab Corp. (NYSE: SCHW) came public in the 1980s and its model as ...
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HBT Financial Gears Up for IPO

HBT Financial has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering. The company expects to price its 8.3 million shares ...
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Charles Schwab Takes Wrecking Ball to Online Brokers: Free Commissions and No Minimums

Widely discussed over the past two decades is that the business of brokerage commissions was on a long-term race to zero. While some commission-free offerings and other almost-free offerings have ...
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Should Investors Really Sell US Bancorp?

When it comes to America's top banking and financial players, U.S. Bancorp (NYSE: USB) generally is deemed to be among the safest banks in the large-cap space. Its origins date ...
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Why Wall Street Is Rather Mixed About New CEO of Wells Fargo

Now that Charles Scharf has been named to assume the full-time roles as president and chief executive officer of Wells Fargo & Co. (NYSE: WFC), it is important to consider ...
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Blackstone Beefs Up US Logistics Portfolio

So far this year,  Blackstone Group Inc. (NYSE: BX) has acquired some $24.6 billion in U.S. warehousing assets. In a deal announced Monday, Blackstone said it will acquire, through an ...
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Wells Fargo Finally Finds a Winner to Serve as CEO

Wells Fargo & Co. (NYSE: WFC) has been embroiled in scandal for far too long. Its shares have lagged rival banks as it has been under asset restrictions in the ...
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Baird Says US Banks Still Have Big Value: 4 to Buy Now

One of the few sectors that enjoy rising interest rates is the financial sector, and when the Federal Reserve started lowering interest rates this summer and followed up with more ...
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Bullard Explains FOMC Vote, Fed Spends Another $75 Billion on Repo Market

James Bullard, president of the Federal Reserve Bank of St. Louis, cast one of three dissenting votes at this week's meeting of the Federal Open Market Committee (FOMC), where a ...
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The Question the Fed Did Not Answer When It Cut Rates

Wednesday's announcement by the Federal Reserve's Open Market Committee (FOMC) of a quarter-point cut in its policy rate was expected. What may not have been expected is the split among ...
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Overhauling Fannie Mae and Freddie Mac Won’t Be Easy or Cheap

Two government-sponsored entities (GSEs) hold about half of the nation's mortgage debt. Fannie Mae and Freddie Mac, as the GSEs are known, were placed under Department of the Treasury conservatorship ...
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