Markets expressed concerned about what the Fed will do as QE2 ends. (Reuters) Lloyd’s new CEO may cut 15,000 jobs. (Reuters) Asia will press Lagarde to keep promises she gave while seeking…
Banks were already having a good day, but a new ruling has come out from the Federal Reserve on interchange fees. Maybe the proper description would be “less bad” of news. Banks…
Bank of America Corporation (NYSE: BAC) is showing investors this morning that its book value may actually be more relevant than what it had been given credit for. The largest bank by…
Odds that a Greek austerity bill will pass rose. (Reuters) Bank of America (NYSE: BAC) is near a deal to settle an MBS charge for $8.5 billion. (Reuters) A new Google (NASDAQ:…
Last week pipeline master limited partnership (MLP) Energy Transfer Equity LP (NYSE: ETE) revealed a deal worth $4.2 billion for rival natural gas pipeline company Southern Union Co. (NYSE: SUG). Today, Williams…
In 1926 F. Scott Fitzgerald wrote: “Let me tell you about the very rich. They are different from you and me.” Today, we don’t call people rich because that smacks of class…
Jon C. Ogg China has loosened up its regulations and will now allow banks to distribute foreign mutual funds later this year. Winners are expected to be Citigroup, Inc. (NYSE: C) and HSBC Holdings plc…
The stock market may have bounced after six straight weeks of selling, but things were getting bad enough that even the solid market leaders like Apple were being taken to the woodshed. …
Capital One Financial Corporation (NYSE: COF) may have just wiggled its way into being one of the few top banks in America. The company is acquiring ING Direct USA from ING Groep…
Obama has tried to get the business community to support his concern that the lack of approval of an increase in the debt cap would be a catastrophe (Reuters) A former head…
Bank of America Corporation (NYSE: BAC) has found itself as the king of the mortgage mess after it decided to acquire Countrywide. By acquiring the company’s corpse rather than trying to just…
Hackers broke into Senate computers. (Reuters) Chinese inflation hit a 34-month high last month. (Reuters) A slow economy could affect debt talks between the Republicans and Democrats. (Reuters) Oil moved higher on…
One school of thought about negative publicity is that its impact dissipates over time. It is hard to disprove that theory, especially in the case of large companies. And sometimes it takes…
When investors get nervous, the one stock market segment that finds attention is “value funds” as investors look for protection but can still get upside of the stock market. Following the recent…
Regions Bank (NYSE: RF) had a very rough day as more and more pressure came out about banks in general and in banks that still have some past issues they are fighting…
