Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.» Read More
A local government official in Massachusetts has asked the state’s treasurer to pull funds from Bank of America.
Essex District Register of Deeds John O’Brien wrote a letter to Massachusetts State Treasurer Steven Grossman, asking that the Treasurer change depository banks.
A group of conservative and libertarian groups have sent Congress a letter urging lawmakers to delay the implementation of the Durbin Amendment, a provision which would cap so-called "interchange" fees financial companies can charge on debit card transactions.
Visa and Mastercard together control around 90 percent of the market for debit card purchases. The Durbin Amendment would limit the amounts that retailers pay to Visa, Mastercard, and major banks. It was heavily supported by many of the biggest retail chains, including Walmart .
The next catastrophe in residential real estate may be caused by the government's solution to the last catastrophe in residential real estate—and this time tax payers are directly on the hook for the losses.
The startling collapse of Detroit’s population raises doubts about whether the city can afford to shoulder its enormous debt load.
The bullish drivers behind oil—the Mid-East crisis, weaker dollar and low interest rates—are not slowing down and that means the probability of a black gold rush should continue. But while events drive this commodity every higher over the short term, will the spike continue over the long term?
I decided to catch up with Richard Soultanian President of the utility cost management consulting firm, NUS, which recently published its forecast of market pricing through the end of 2011.
The race to the bottom for first-quarter GDP projections has a new leader: Bank of America Merrill Lynch.
With a succession of mild unemployment drops unable to ease concerns about the larger slow-growth story for the US economy, BofAML now sees the quarter’s growth prospects at just 1.5 percent.
Insider trading may be a far bigger problem than many people both inside and outside of Silicon Valley realize.
Many involved in the Web 2.0 start-up tech world believe that insider trading laws do not apply to buying and selling shares of non-public companies. More specifically, they believe that because so many of those involved in such trading have inside information creates an exemption from the usual rules that bar trading while in possession of what the Securities and Exchange Commission calls "material non-public information."
The market for municipal bonds has been in distress since late last year. Investors have been selling bonds, states and cities have been declining to issue bonds, bond funds have seen massive exits of capital, and a lively debate has arisen about the likelihood of sizable bond defaults.
The CBOE Volatility Index fell below 12 as Federal Reserve Chair Janet Yellen began speaking.
Fed Chair Janet Yellen stuck to her script Friday, even though traders had hoped CPI data would force her to give a nod to improved data.
Janet Yellen just added fuel to the fire that HFT is to blame for all the ill in the market. Trader Jack Boroudjian says that's just wrong.