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…
Of 319 banks and thrifts reporting fourth-quarter earnings as of February 1st, just 45% posted a sequential earnings increase. For the full-year, however, 71% of the reporting institutions posted a rise in…
US banks have finally figured out that it costs them less to simply take a loss on an underwater home mortgage rather than try to foreclose. Banks are even paying for the…
Government officials at both the federal and state levels expect to see an agreement soon on the penalty payments being negotiated with five big mortgage lenders over foreclosure practices. The governments are…
Bank of America Corp. (NYSE: BAC) has apparently given up on its effort to sell its credit card business in the UK and Ireland, which is operated under the MBNA Europe name.…
Updated throughout the day on 24/7 Wall St. Wire. A $25 billion settlement between the federal government and state attorneys general on one side and five banks on the other over mortgage…
