One year ago, Facebook's debut on public markets was meant to be a coronation. It quickly turned into the worst major IPO of the decade, but the preferred clients of big banks made huge profits off the crash. Why? Public documents and...Show More Summary
INSURANCE COMPANIES PREPARE FOR CLIMATE CHANGE For Insurers, No Doubts on Climate Change Eduardo Porter, May 14 2013 (NY Times) “…[N]atural catastrophes across the United States pounded insurers last year, generating$35 billion in privately...Show More Summary
LONDON/STRASBOURG, France (Reuters) - A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday.
Following the DAX's rise to a new record high and the FTSE's rally to its highest level in over five years, Citigroup's Jonathan Stubbs told CNBC that European equities have "rarely" been so appealing to investors. The bank's European...Show More Summary
The e-commerce giant is already a big generator of investment banking revenue. Factor in a potential IPO, and for global banks Alibaba could be the biggest client to come out of China in a decade. In a weak market, the battle lines are already being drawn.
From Scott Reckard at the LA Times: 3 big banks nearly halt foreclosure sales after U.S. tweaks orders Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators...Show More Summary
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.
Among all of the hoopla in the last few years about big banks, something that seems to be getting lost in the shuffle is, a few “big banks” are actually doing pretty well. In fact, I would argue that many of the big banks represent good values at the current time. Though JPMorgan Chase & [...]
Among the Big Four U.S. banks, Wells Fargo is undoubtedly seen as the strongest and operational leader. However, has that reputation and optimism overheated the bank's stock price? Few question Wells Fargo's ability to generate consistent...Show More Summary
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection...
Goldman Sachs is investing in a $500 million fund from SolarCity that will in help the company install 110 MW of solar. This is the latest in a growing trend of big banks betting on solar power. Erin Miller sat down with solar analyst...Show More Summary
It’s still practically a newborn but Indian mobile messaging app Hike is already channelling almost a billion messages a month between its 5m registered users. Those numbers sound insignificant when you stack them up against the bigShow More Summary
In this series, we’ll explore the data announcements and events that may affect the performance of bank stocks during the upcoming week. With a big win under their belts, the banks are heading into next week with some momentum. As the economy enjoys some renewed consumer sentiment, the data releases are very housing-centric — potentially [...]
In this series, we'll explore the data announcements and events that may affect the performance of bank stocks during the upcoming week. With a big win under their belts, the banks are heading into next week with some momentum. As the...Show More Summary
Congress may finally be enforcing some changes to the capital structure of big banks in the aftermath of the financial crisis. So why does Warren Buffett think that some of these banks will do well despite new regulations? And which banks have earned his trust? Play the video below to find out... Show More Summary
Maybe it's time for a '60s-style student uprising -- but this time instead of occupying college hallways, they ought to occupy the halls of a Congress that favors big banks over struggling students.
It was a big week for each of the Big Four banks, with Citigroup coming in second only to JPMorgan Chase in terms of percentage gain. For both of these superbanks, chalk up these massive moves in general to the so-called Tepper rally,...Show More Summary
Shares of Tableau Software (DATA), the Seattle, Washington-based startup providing programs for Big Data, continue to rocket following their initial public offering on the New York Stock Exchange this morning. The shares are up $17.43, or 56%, at $48.43, after opening at $47, above the $31 offer price, and hitting as high as $50.25. Shares [...]
Previously: Future ft. Rick Ross, Birdman & French Montana – Karate Chop (Remix)
Shortly after the bell, Bank of America Corp (NYSE:BAC) is on track to regain the 1% it lost yesterday. Though it does appear that the bank may be moving along with the market, there is one big headline that might be swaying the bank’s investors toward the positive end of the spectrum. A little perspective [...]