Wall Street banks talk a big game about small-business lending, but new data shows smaller banks stepping up to help Main Street entrepreneurs grow.» Read More
Feb 27- Mortgage servicer Ocwen Financial Corp's quarterly profit jumped 60 percent and revenue more than doubled as banks sell more servicing rights to meet stricter regulations.
Bank of America said federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.
Feb 26- Credit rating agency Moody's Corp warned that mortgage servicers such as Ocwen Financial Corp could be pushed into subprime lending as their core business comes under increased regulatory scrutiny.
LONDON, Feb 26- When David Armitt needed to refinance loans last year for his 153- year-old manufacturing company in Yorkshire, he found British banks reluctant to lend.
Feb 25- Bank of America Corp may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.
Treasuries prices fell on Monday, with some investors exiting the safe-haven asset class as Wall Street swung higher and worries dwindled about troubled developing economies such as Ukraine. "With signs of progress in Argentina and Ukraine... that causes people to leave Treasuries.
BOCA RATON, Fla., Feb 23- Investors are growing impatient with the makers of global brands like Cadbury chocolate, Campbell Soup and Tide laundry detergent, as these stalwart consumer products companies try to boost profits through cost cuts and brand makeovers while smaller rivals take risks and grab market share.
Bankers and those in the expanding legal marijuana business say new guidelines from the Obama administration aren't enough. They want Congress to act.
Escalating violence in Ukraine and the suspension of Nigeria's central bank governor hit emerging market assets on Thursday, even as Spain, once seen as the focus of the euro zone debt crisis, saw its long-term borrowing costs tumble to their lowest since 2008..
BlackBerry shares were up as much as 9 percent in trading after the bell on Wednesday as the deal boosts valuation metrics around the company's own BlackBerry Messaging service.
Feb 19- Garmin Ltd handily beat quarterly profit estimates and forecast a strong 2014 as sales of GPS-based fitness, aviation and outdoor products more than made up for shrinking sales of personal navigation devices, a market it once dominated. Garmin shares jumped as much as 12 percent to $52.72- their highest in six years.
*Sales fall 4 pct to $11.04 bln vs est $11.31 bln. Feb 18- Coca-Cola Co's quarterly global sales volumes rose less than the company estimated and fell in North America, but the company said it expects to restore sales momentum in 2014..
WASHINGTON, Feb 18- U.S. homebuilder confidence suffered its largest one-month drop ever in February, heightening concerns that recent signs of weakness in the economy reflect deeper problems than the severe weather that has gripped much of the country.
Feb 18- Coca-Cola Co's global sales volumes rose less than the company expected in the fourth quarter and fell in North America, sending its shares down as much as 4 percent. Coke, like rival PepsiCo Inc, has been battling declining soda sales in developed markets, especially the United States, as people reach for healthier options.
Members of Gen X, born between the early 60s and the early 80s, are smart about retirement savings. Or maybe not.
Discussing the business risks associated with subprime lending, with Edward Pinto, American Enterprise Institute, and Mark Calabria, Cato Institute.
CNBC's Kayla Tausche reports how careful Wells Fargo is being as it gets back into subprime lending. If these loans run into trouble, the consumer may be able to sue the bank for giving them the loan.
Wells Fargo, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again, looking for opportunities to stem its revenue decline.
Feb 14- Wells Fargo& Co, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again. The small steps from Wells Fargo could amount to a big change for the mortgage market.
Fleming, the head of Morgan Stanley's wealth and investment management businesses, is on the bank board's list of candidates who could potentially succeed Chief Executive James Gorman, according to sources with direct knowledge of the situation. But colleagues and recruiters say he is also a flight risk for Morgan Stanley.