Wells Fargo & Co. (NYSE: WFC) is under pressure on yet one more case against it from the financial crisis. The Manhattan U.S. Attorney’s office has filed a mortgage fraud lawsuit against…
The big banks are going to be rather important to watch this earnings season for the third quarter of 2012 as shares have risen handily from their lows. While banks almost never…
A court will allow Samsung to sell its Galaxy Tab 10.1 in the U.S. despite efforts by Apple Inc. (NASDAQ: AAPL) to block it. (Reuters) Germany wants Spain to delay a request…
Bank of America Corp. (NYSE: BAC) received one more hit in a long line of bad publicity. Its reputation was damaged once again. Again, its image as the worst of America’s large…
Douglas A. McIntyre Bank of America Corp. (NYSE: BAC) is settling a class action lawsuit over its purchase of Merrill Lynch. The company said that it would be taking a litigation expense in the third…
Jon C. Ogg Security experts say the recent “denial of service” cyberattacks on big U.S. banks were the largest ever recorded by a wide margin. Since Sept. 19, the banking websites of Bank of America…
Spain will cut its budget ahead of a possible request for aid. (Reuters) Bank of America Corp. (NYSE: BAC) tests systems that allow people to make payments via smartphone. (Reuters) Procter &…
The Business Roundtable’s CEO Economic Outlook Survey for the third quarter of 2012 is out, and the word to describe the report would be cautious. The report shows that CEOs are again…
Jon OggThe short interest in the actively traded cult stocks and also in some of the active low-priced shares can tend to be volatile, to say the least. We tracked some rather…
Wells Fargo & Co. (NYSE: WFC) joins J.P. Morgan Chase & Co. (NYSE: JPM) and Bank of America Corp. (NYSE: BAC) as its major consumer customer site apparently was hacked and service…
Strikes in Greece Spain is not the only nation with the problem of citizens who have taken to the streets to attack austerity. In Greece, the protesters numbers as high as hundreds…
Short sellers aimed their guns at the stocks of the financially weakest companies, as data from the period that ended on September 14 shows. The actions hold true for shares that trade on…
People who wanted to log on to Chase.com to check personal or corporate accounts found the site could not be reached, or ran very slowly yesterday. According to media reports, customers had…
The math is very crude. The Wall Street Journal reports that Bank of America Corp. (NYSE: BAC), still desperate to turn itself around, will fire 16,000 people this year. Compare that to the…
Douglas A. McIntyre Nike Inc. (NYSE: NKE) will buy back $8 billion in shares. (Reuters) More than 5 million Facebook Inc. (NASDAQ: FB) members are children who have been banned from the social network. (Reuters)…
