A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
Wells Fargo & Company (NYSE: WFC) has now launched its Abbot Downing financial services that aims to serve the ultra-high net worth sector of wealthy Americans. The move will instantly look similar…
After a record first quarter, investors will look more carefully at financial data and earnings. (Reuters) Wells Fargo (NYSE: WFC) to open a division to handle the ultra-rich. (Reuters) Strong Chinese PMI…
GS.COMGoldman Sachs (NYSE: GS) was attacked by an executive director who left today. The reason for his departure was that he thinks Goldman is a culture of devils who love money and take advantage of gullible…
J.P. Morgan Chase & Co. (NYSE: JPM) was truly a shoe-in as far as whether or not the bank was going to pass the latest stress tests or not. CEO Jamie Dimon…
Wells Fargo & Co. (NYSE: WFC) has announced that the Federal Reserve did not object to its capital return plan for its shareholders. The first quarter dividend is effectively more than doubling…
J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a quarterly dividend…
The next wave of stress tests on the U.S banks is due to come out by the end of this week. The Federal Reserve is expected to show that bank balance sheets…
Short sellers reduced their positions in major financial firms and their positions in major tech stocks were divided, based on data from the NYSE and Nasdaq for the period that ended February…
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…
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,…
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…
