Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A) have invested in banks on and off, and the public filings show that Berkshire is a larger and larger stake holder in Wells Fargo…
The nation’s biggest banks are losing customers to smaller local competitors according to a recent survey by J.D. Power and Associates. Between 10% and 11.3% of 5,000 surveyed customers at large, regional,…
The annual letter for Berkshire Hathaway Inc. (NYSE: BRK-A) is out and the discussion immediately jumps in about who will succeed Warren Buffett, book value, buybacks, and the portfolio. Berkshire Hathaway’s book…
Steve Wynn pushes major shareholder Kazuo Okada off the board of Wynn Macau. (Reuters) AIG (NYSE: AIG) makes a large profit on portfolio gains. (Reuters) Apple’s (NASDAQ: AAPL) legal fight with Proview International…
Flickr, Images of MoneyA recent report on foreclosure abuses in San Francisco has dimmed the excitement of a settlement of foreclosure abuses among banks, the federal government and state attorneys general. The amount of that…
If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to…
The three major US stock indexes opened slightly higher this morning, but the DJIA almost immediately turned south and remained in negative territory all session. The Nasdaq composite and S&P 500 turned…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. The Andersons, Inc. (NASDAQ: ANDE) named as Value stock…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Arch Coal Inc. (NYSE: ACI) Cut to Hold at…
Following a poor fourth-quarter earnings report, Britain’s Barclays plc (NYSE: BCS) will join other big banks like Deutsche Bank AG (NYSE: DB), Morgan Stanley (NYSE: MS), Credit Suisse AG (NYSE: CS), Citigroup…
The federal government and the governments of 49 of the 50 states (Oklahoma is the exception) have agreed to a $26 billion settlement package with 5 big banks over the banks’ mortgage…
As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a $25 billion…
Germany’s largest bank, Deutsche Bank AG (NYSE: DB) has followed the lead of Morgan Stanley (NYSE: MS), Credit Suisse Group AG (NYSE: CS), and Citigroup Inc. (NYSE: C) in announcing a cap…
The total cost to the five largest US banks of faulty mortgages and foreclosures now totals some $72 billion according to Bloomberg News. Bank of America Corp. (NYSE: BAC) gets over half…
While not breaking news at this point, there is something that is front and center in banking when it comes to overdraft fees. To many consumers, overdraft fees are simply nothing more…
