If the Fed cuts rates, and goes negative, it will have a direct impact on top consumer banks' balance sheets.» Read More
'Bankers Running Rings Around Regulators' [CNBC.com's Patrick Allen]
Senator Levin blasts Goldman Sachs saying the bank 'Misled Congress After Duping Clients' [Bloomberg]
'Senate Report Lays Bare Mortgage Mess' [WSJ] "Some call the concept of owning a home the American dream. Wall Street bankers called is something different: 'Pigs.' 'Crap.' A 'white elephant, flying pig and unicorn'."
Jobless claims rise unexpectedly [CNBC.com via Reuters]
Massive recall of more than a million Ford F-150 trucks.
These guys are always innovative.
Less than a week before the one year anniversary of the BP Deepwater Horizon disaster, the oil giant will be holding its annual meeting. The MMA Praxis Mutual Funds, a "socially responsible" investor group that owns shares of BP, is advocating that shareholders abstain or vote against the company's annual report and directors who are members of BP's Safety, Ethics and Environmental Assurance Committee.
I caught up with Mark Regier director of stewardship investing at MMA Praxis Mutual funds, ahead of this meeting.
As it turns out, General Electric is not returning a tax refund to the U.S. government.
While JPMorgan Chase appears to have had a good first quarter, its earnings show evidence that a massive credit contraction is underway.
Yesterday it was reported that Hosni Mubarak had a heart attack before he was scheduled to be questioned by prosecutors investigating the many allegations against him.
An article in Zim Daily has a new piece of information about the line of questioning.
JPMorgan Profit Up 67%; Sees Dividend Hike [CNBC.com via Reuters]
"Mortgage Mess Weighs of JPMorgan Chase" [CNNMoney via Fortune]
Uh-oh! Better hurry it up, Mr. Gorman. Shareholders are becoming impatient over recovery at Morgan Stanley [NYTimes DealBook]
Retail sales rise slightly less than expected [CNBC.com via Reuters]
The "doom loop" is shaking up stock markets as worries of negative interest rates in the US may come.
The rivalry between Bill Gross and his former company Pimco looks set to hinge on the U.S. economy this year. FT reports.
Tender issued for euro-denominated unsecured bonds worth 3 billion euros and dollar-denominated bonds worth $2 billion.