“Universal banks,” particularly Bank of America, Citigroup, and JPMorgan Chase, are facing a “tough long-term future because Dodd-Frank really hits them in the chest,” JMP Securities analyst David Trone told CNBC Monday.... Read More
The GDP report showed surprising weakness in several key areas and comes as the Fed shaves its own growth forecasts and signals low rates for nearly three more years... Read More
The US is at the top of the list of downgrade candidates because its debt and deficit troubles are unlikely to be resolved with the political infighting in Washington, a new study says.... Read More