Japanese stocks seem to be on an irresistible rally, and cheap valuations are expected to propel them to greater heights, analysts say.» Read More
ALBANY, N.Y.— New York regulators said Monday that 11 lenders have agreed to monitor and maintain vacant properties in an effort to protect them and combat neighborhood blight. The banks, mortgage companies and credit unions represent nearly 70 percent of the New York market and will adopt practices to limit damage from so-called "zombie properties," according...
Economic shock fears? The Wall Street jobs that could survive another blow.
If you're trying to build credit as a student or post-graduation, consider these cards to help you build credit history and more.
Larry Kudlow cautions 2016 candidates on both sides: Bank bashing won't work.
NEW YORK, May 15- Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC and Farallon Capital Management, trimmed some of their equity exposure in eBay Inc, but kept high positions in the e-commerce company's shares during the first quarter, according to regulatory filings. MD Sass Investors Services Inc liquidated its position in eBay,...
NEW YORK, May 15- A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac. Under the order, Fannie Mae will receive $26.6 million while Freddie Mac will be paid $779.4 million by the two firms.
*Yum Brands up after J.P. Morgan upgrade. *Netflix jumps after report of China entry. May 15- U.S. shares ended little changed on Friday, with the S&P 500 edging up to a record high for a second straight session after a ream of weak economic data.
Before the presidential race heats up, Congress should pass an open-Internet law, says Jamal Simmons.
Sysco's CEO says the FTC, which is suing to block the company's merger with US Foods, has it all wrong.
May 15- A federal judge has thrown out a lawsuit by the city of Los Angeles accusing Bank of America of discriminatory mortgage lending, ruling that the municipality had offered no evidence that it was harmed by the bank. Filed in 2013, the lawsuit accused Bank of America and its Countrywide Home Loans unit of violating that anti-discrimination act by making...
The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge had erred in expunging the conviction of Irene Santiago, who had pleaded guilty in 2005 for lying to investigators and testifying falsely to a grand jury. District Judge I. Leo Glasser in Brooklyn said it would be unfair to leave the guilty plea on Santiago's record in light of her minimal...
Bank of America Merrill Lynch has set up a group to help companies raise money through private fund-raising, the NYT reports.
Treasury yields shot higher Wednesday morning and then fell back like a deflating balloon. Could that signal a top?
Here are five things Michael Yoshikami likes about Verizon's $4.4 billion purchase of AOL.
NEW YORK, May 12- A U.S. judge's ruling that Nomura Holdings Inc and Royal Bank of Scotland Group Plc made false statements selling mortgage-backed securities to Fannie Mae and Freddie Mac could result in a judgment exceeding $805 million, a U.S. regulator's lawyer said on Tuesday. Philippe Selendy, a lawyer for the Federal Housing Finance Agency, gave his...
Total U.S. government debt holdings by the 18 largest banks in the country declined by $2.6 billion in the first quarter.
Nomura Holdings, Royal Bank of Scotland mortgage bonds contained misrepresentations in 2008, says judge. New York Times reports.
Amid a sharp selloff in the bond market, players in Europe's low-yielding papers have gotten their fingers burned, big time.
A U.S. judge ruled that Nomura made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac ahead of the 2008 crisis.
Small-cap stocks like regional banks look appealing as a Federal Reserve rate hike looms, a wealth manager said.