ThinkstockThe restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays PLC (NYSE: BCS),…
ThinkstockHSBC Job Cuts The restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup Inc. (NYSE: C) and Barclays…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe annual stress tests on the biggest U.S. banks produced a few surprises when the results were announced last night. The capital plans…
ThinkstockThere has been a bruising battle over how much America’s largest corporations should pay in taxes, especially as the size of the federal budget deficit grows. While on paper the federal corporate…
courtesy of NetflixThe head of marketing at Apple Inc. (NASDAQ: AAPL) criticizes Google Inc.’s (NASDAQ: GOOG) Android software and its largest adopter, Samsung. (Reuters) Citadel will sell the shares it still has…
ThinkstockThe housing market is clearly improving. According to the National Association of Realtors, existing home sales have risen and distressed mortgages account for a smaller part of those sales. Close to a…
ThinkstockThe financial sector took a beating during the mortgage and housing market meltdown that threw the nation into recession in 2008. After five years of bailouts and rebuilding, the banking sector has…
ThinkstockThe Federal Reserve is finally out with its results of the bank stress tests. This is not the formal decision that will allow all the banks to increase their dividends and share…
ThinkstockDick Bove is now with Rafferty Capital, and he was on CNBC this morning with yet another very positive call in the banking sector. His view is ahead of the stress test…
Frank Golhen, via Wikimedia CommonsThe news of the Dow Jones Industrial Average hitting new highs this week is certainly good news. The problem is that the news comes with some serious caveats.…
ThinkstockWe are now within ten days of the release of the Federal Reserve’s new round of stress tests on how the nation’s largest banks will do if (or when) the economy goes…
ThinkstockThe conventional wisdom says that low interest rates encourage banks to lend more because more borrowers come knocking on the door. So why, when the Fed funds rate is as close to…
ThinkstockChina will lean on consumer spending to expand its economy. (Reuters) Facebook Inc. (NASDAQ: FB) faces more lawsuits over its initial public offering. (Reuters) The White House says it believes people should…
ThinkstockIn the coming weeks, the financial sector may move from worrying about the spending sequestration to the coming stress tests of the 19 major banks in the United States. We recently covered…
ThinkstockCitigroup Inc. (NYSE: C) has a wide coverage of the financial universe, and that includes the banking giants. A report this Wednesday looks cautious on the firm’s coverage of the Canadian banking…
