It may be a lackluster trading day, but once again banks are rallying to new highs.» Read More
The SEC has fined 22 municipal bond underwriting firms for not complying with the proper disclosure rules.
Sept 24- Wells Fargo& Co has the largest exposure to loans to energy companies among major U.S. lenders, a report from Raymond James said, amid concerns that banks may have to set aside more money to cover bad loans to the industry. Wells Fargo was followed by Bank of America Corp, Citigroup Inc, Comerica Inc and BB&T Corp.. Oil has seen big price swings since the end of...
Executives from both JPMorgan Chase& Co. and Wells Fargo& Co. told investors last week, when posting earnings, that they were increasingly concerned about loans to oil and gas companies. Texas bank Comerica Inc on Friday set aside about three times as much money to cover bad loans as analysts had expected, sending the regional bank's shares lower by more than 6...
Big U.S. banks start posting second quarter results next week, with JPMorgan Chase& Co and Wells Fargo& Co. reporting on Tuesday. "We're kind of trying to thread a needle here because on the one hand we don't want to dismiss this situation but on the other hand this is not a catastrophic' oh my God here we go again,"' said Gerard Cassidy, analyst at RBC Capital Markets.
*First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.
WASHINGTON, May 6- The chairman of the Senate Banking Committee is pushing ahead with a bill to ease rules across sections of the financial industry after the first round of efforts to work with his Democratic counterpart failed. The bill could also seek to ease regulations on regional banks such as Comerica Inc and insurers such as Allstate Corp and curb the...
Earnings season may not give investors that warm and fuzzy feeling this quarter.
Some of the names on the move ahead of the open.
The Fed objected to capital plans from U.S. units of Deutsche Bank and Santander in the second part of its stress test.
The U.S. government will begin accepting Apple Pay later this year, said Apple CEO Tim Cook.
U.S. stock index futures fell on Friday, with markets around the world still unsettled by the Swiss central bank's shock move on Thursday.
Less cash flow from oil companies could pinch loan payments to banks but more gas savings in consumers' wallets will create new business.
LendingClub made a splashy debut Thursday on the New York Stock Exchange, pricing above the range at $15, then taking off in early trading.
Shares of LendingClub spiked nearly 70 percent in its trading debut on Thursday under the symbol "LC."
Falling oil prices may be good news for consumers at the gas pumps, but they're bad news for some bankers in the oil patch.
Some of Friday's midday movers:
U.S. stock index futures are signalling a higher open following better-than-expected earnings and economic data from the U.S.
Using an environment of record low rates, City National is among a handful of banks aggressively trying to convert techies into clients.
Life is about to get more difficult for the nation's big banks but possibly a whole lot easier for the small ones.
Fees and charges can vary dramatically from bank to bank and region to region, making it important for savers to compare what costs they may face.