Some of the recent speculation about where rates are going seems to have gotten at least a bit overdone.» Read More
Moody's downgraded Portugal [Yahoo Finance]
China raises interest rates...again [CNNMoney]
Texas Instruments is acquiring National Semiconductor [CNBC.com via Reuters]
Barclays CEO wants to increase bank's risk appetite [CNBC.com via Financial Times]
Admit it. You're a little excited about this.
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.
Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.
Royal Bank of Scotland reported a modest increase in second quarter profit after booking a £1.05 billion charge for the costs of restructuring.
What's the harm in waiting six months to raise rates? asks "Fast Money" trader Brian Kelly.