2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.» Read More
Brian Moynihan looked and sounded confident this morning as he closed out his first year as President and CEO of Bank of America.
To put it simply and bluntly, Dodd-Frank & Basel III have components that are logically contradictory.
If you’ve been a follower of David Rosenberg’s over the years and think there is absolutely nothing that would turn him bullish, think again.
JPMorgan is shaking up its mergers and acquisitions business.
Jimmy Elliott, who has been running JPMorgan’s M&A unit for more than five years, will step aside. The M&A business will be run by JPMorgan’s Chris Ventresca and Jim Woolery, currently the head of the corporate department at Cravath, Swain & Moore.
Elliott will remain at the firm as relationship guy, brought in to work with the most important clients and the biggest deals.
But responsibility for day to day operations and staffing will rest with Ventresca and Woolery.
It's been a big week in Washington since Chinese President Hu Jintao arrived. Congressional members have not been afraid to speak their minds when it comes to China's economic, monetary and domestic policies.
But there is a another storm brewing that could impact many companies—the patent race.
While many have painted China as a land where pirating is king, the country is reinventing itself from a country of imitation to a country of innovation. I decided to talk about the innovation race and the fatal mistakes companies can make when it comes to China with Lewis Lee, IP attorney to US patent powerhouses like Microsoft on the dangers of under-estimating the Middle Kingdom.
Bank of America Reports 2nd Straight Quarterly Loss on Mortgage Writedowns [CNBC] "In the fourth quarter, the bank recognized a $2 billion writedown in value of its mortgage business, and a $4.1 billion provision for future mortgage repurchase claims."
State Bankruptcy Options Discussed in Congress [NY Times] "Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. Unlike cities, the states are barred from seeking protection in federal bankruptcy court. Any effort to change that status would have to clear high constitutional hurdles because the states are considered sovereign."
Nicole Lapin, of CNBC's Worldwide Exchange, explains what she's long and what she's short this week.
A new study of the Fed's TALF program has discovered that BlackRock & PIMCO appear to be the clear winners in the Fed's TALF sweepstakes.
The information comes to NetNet from a recently published paper by Dr. Linus Wilson, an Assistant Professor of Finance at University of Louisiana at Lafayette.
I spoke with Dr. Wilson earlier today in his first interview about his new findings.
The scandal-plagued head of health-care investment banking has resigned to focus on family.
2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.
Softer talk on Ukraine from Russian President Vladimir Putin may be an early sign of recovery, said Christopher Granville.