The next wave of stress tests on the U.S banks is due in the coming week. While many of the banks have reportedly been asking regulators to be less transparent, there are some…
Jon OggThese are some of this Thursday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. American Eagle Outfitters, Inc. (NYSE: AEO) Raised to Conviction Buy List at Goldman…
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press…
Apple (NASDAQ: AAPL) to launch a new iPad next week. (Reuters) Blackstone (NYSE: BX) says CEO Stephen Schwarzman made $213 million last year. (Reuters) The Justice Department is looking at whether banks…
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,…
Wynn Resorts (NASDAQ: WYNN) accused large business partner Kazuo Okada of fraud and bought out his position (Reuters) Ministers in the EU will make a final determination on Greece today (Reuters) Japan’s huge trade…
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 there is one bank CEO who can still complain without having to endless apologize after the banking crisis, it is Jamie Dimon of J.P. Morgan Chase & Co. Today he took…
Jon C. Ogg 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…
According to The Wall Street Journal, one of the longest running disputes between the government and financial industry connected to the housing boom collapse may be settled. The scandal of botched foreclosures…
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…
