Bank of America shareholders should split the chairman and CEO positions, CLSA analyst Mike Mayo says. Here's why.» Read More
Experienced investors use China-driven market selloffs to buy these quality companies.
Bank of America's move to combine the role of CEO and board chair makes a mockery of efforts to improve bank oversight, Mike Mayo said.
When the Chinese market starts gyrating, don't get caught off guard. Here are the stocks to avoid if Chinese stocks continue their freefall.
Goldman Sachs told clients in a note on Friday the market will go sideways the rest of the year.
Electric-car maker Tesla Motors said it planned to raise about $500 million through the sale of 2.1 million shares.
Some of the names on the move ahead of the open.
GE announced an agreement Tuesday to sell its Healthcare Financial Services unit to Capital One for $9 billion.
Goldman Sachs gave clients a list of 20 stocks they should avoid because of their high exposure to China.
Aug 6- Credit card lender Capital One Financial Corp is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter. The potential deal could bulk up Capital One's existing healthcare lending operations and bring GE one step closer to achieving its target of...
Fifty percent of small businesses didn't receive any financing they applied for in the first half of 2014, according to a survey.
More than half of small businesses who accept point-of-sale card payments are not aware of a major change coming in October.
NEW YORK, Aug 4- A federal appeals court has revived litigation against Visa Inc, Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law. Their lawsuits accused Visa and MasterCard of adopting rules protecting themselves from competition with lower-cost ATM network.
Aug 3- Top executives at big U.S. banks received fatter paychecks last year as profits rose, brokerage Keefe, Bruyette& Woods said on Monday. Total compensation for all top U.S. banks rose in 2014 with the exception of Citigroup Inc, KBW analysts wrote in a note. Average pay increase was the most at Morgan Stanley, while Goldman Sachs Group Inc paid the most to its top...
The charges against Angel Angulo, 25, of Riverside, and Crystal Banuelos, 28, of Bloomington, were announced on Thursday by U.S. Attorney Paul Fishman in New Jersey, where Michaels also has stores. The scheme lasted from February to May 2011, when the defendants possessed 179 counterfeit cards in New Jersey, and affected seven banks including Bank of America Corp,...
Despite recent management changes, Brian Moynihan is the right guy and Bank of America is the right stock, says Dick Bove.
The New York Times explores the environment at Bank of America that led to Thompson's departure and what lies ahead.
It's been money in the banks this year, and a trader says there's one in particular set to break out.
July 22- St. Jude Medical Inc agreed to buy smaller rival Thoratec Corp for about $3.4 billion to expand its portfolio of heart failure devices. Jude said on Wednesday it would offer $63.50 per Thoratec share, which represents a premium of about 10 percent to the stock's Tuesday close. Thoratec's shares closed up 18 percent on Tuesday after Bloomberg reported...
TORONTO, July 21- Infidelity website AshleyMadison.com, which has been struggling to launch a London IPO, can kiss goodbye plans for a listing this year, banking sources said on Tuesday, as hackers threatened to publish names and salacious details about its clients unless the website shuts itself down. The website's Canadian parent hoped to raise up to $200...
A messaging service for business is being launched by some of the world's biggest banks in a bid to challenge Bloomberg's dominance of the market.