As they struggle to find new business to bolster earnings, banks consider the nation’s 25 million veterans and service members ideal customers.» Read More
WASHINGTON, Sept 3- U.S. regulators on Wednesday adopted rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.
"People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.
U.S. stock index futures pointed to a higher open on Wall Street ahead of Fed Chair Janet Yellen's second day of testimony.
Stocks may respond more to earnings news than the Fed Wednesday, now that Fed Chair Janet Yellen's first day of testimony is out of the way.
For some of Wall Street's biggest names, quarterly results are expected to be weak, while the future is pockmarked with uncertainty.
WASHINGTON, July 1- Creditors to Puerto Rico's electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Creditors to Puerto Rico's troubled electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power Authority will soon use a new bankruptcy-like process to restructure its debts.
WASHINGTON, July 1- Moody's pushed its rating on Puerto Rico's debt deeper into junk territory on Tuesday and prices of the island's troubled electric authority's bonds plunged as investors awaited word on whether they would receive a scheduled payment on the securities.
June 30- U.S. Bank, a part of U.S. Bancorp, will pay $200 million to resolve allegations that it certified home loans for government insurance even though they did not meet regulatory requirements, the U.S. Justice Department said.
Banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves.
Looking at the price action in Bank of America on Tuesday, Jim Cramer thinks financials may be coming back into favor on Wall Street.
Here's how the wealthiest people may manage their fortunes in 25 years.
It's Talking Squawk, the official "Squawk Box" blog, this week with Bill Miller on bitcoin, a truce between eBay and Carl Icahn, and Sam Zell on taxes.
Reacting to an article suggesting Warren Buffett has lost his touch, CNBC's Jim Cramer looks at Berkshire Hathaway's stocks and likes what he sees.
Take a look at some of Thursday's midday movers:
Some of the names on the move ahead of the open.
Paychex and Citigroup are in the news after the bell Wednesday
Government bonds were little changed after the US government's auction of three-year Treasury notes, the first of three debt auctions this week.
The "Fast Money" traders share their final trades of the day.
Eight of the nation's largest banks will begin using their own models and systems to calculate the amount of capital they need to set aside.