The U.S. Federal Reserve Bank and other U.S. bank regulators said this morning that new regulations related to capital reserve requirements for the country’s banks will be delayed beyond the current January…
Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe Financial Stability Board released its evaluation of G-SIBs. Another way to put that is a review of the financial health of “systemically…
CIT Group Inc. (NYSE: CIT) is recovering on Wednesday, but this is only a portion of the losses that shareholders endured on Tuesday after wider losses due to its debt financing. Today’s…
Countrywide Financial Corp., now part of Bank of America Corp. (NYSE: BAC) is the gift that just keeps on giving. Today, for example, the former high-flying mortgage lender delivered a lawsuit to…
This has been an interesting year when it comes to health of the banks. Wells Fargo & Co. (NYSE: WFC) is now the defacto healthiest of the 7 safest banks in America.…
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK-A) is still out elephant hunting. He told CNBC’s Becky Quick this morning that he has made a record number of small bolt-on acquisitions. What…
The three major U.S. stock indexes opened flat this morning, and after a brief stay in positive territory, shares went negative and remained no better than flat for most of the day.…
Wells Fargo & Company (NYSE: WFC) posted a record net income of $4.9 billion for its third quarter. This is a 27% gain, and earnings per share of was up 29% to…
Jon C. Ogg The three major U.S. stock indexes opened higher this morning on traders initial reaction to a sharp drop in the weekly report on new claims for unemployment (more coverage here). In Asia,…
Bank of America Corporation (NYSE: BAC) may have given the all-clear sign for the money-center banks ahead of earnings season. This may sound a bit conspiratorial, but investors often look for indications…
SunEdison LLC, a subsidiary of MEMC Electronic Materials Inc. (NYSE: WFR), will get financing for an 11.3-megawatt solar project from Wells Fargo & Co. (NYSE: WFC). The amount of the financing was…
Paul Ausick The BAE merger with EADS faces more trouble from nations and shareholders. (Reuters) The International Monetary Fund points to the eurozone crisis as the most likely cause of a worldwide slowdown. (Reuters)…
Wells Fargo & Co. (NYSE: WFC) is under pressure on yet one more case against it from the financial crisis. The Manhattan U.S. Attorney’s office has filed a mortgage fraud lawsuit against…
The big banks are going to be rather important to watch this earnings season for the third quarter of 2012 as shares have risen handily from their lows. While banks almost never…
We have already seen waves of tempered guidance from many of America’s largest companies. Other companies have not said a word about their outlooks. What matters is that this coming week marks…
