Sources on both sides of the 50-state attorney's general investigation into so-called "robo-signing" foreclosure practices tell me they are nearing a settlement. As Bank of America spacer, JP Morgan Chase spacer and Iowa Attorney General Tom Miller square off today before the Senate Banking Committee, the framework of a deal is taking shape.
Retired Americans are racking up credit-card debt like never before, be it for vacations or medical expenses, and here's their dirty little secret: A surprising number have no intention of paying it off before they die.
But he told us he was selling financials, so the scandal-mongers have it all wrong.
In California’s Simi Valley, 4,000 employees of Bank of America handle 50,000 calls a day about mortgages and homes in peril, the New York Times reports.
Warren Buffett's Berkshire Hathaway was busy in the third quarter. The company's quarterly stock portfolio filing with the SEC shows that during the three months ending September 30, Berkshire added a new stake in Bank of New York Mellon, while eliminating holdings in five companies.
We're hearing these three companies are likely takeout candidates in the chip space.
Two of the companies that were on just about everyone's list of banks most likely to hike their dividends are getting absolutely crushed Friday.
Stocks closed down Thursday soon after Walt Disney released worse-than-expected results into a market already weakened by disappointing results from Cisco and a rise in the dollar as European debt troubles continued to roil currency markets. Cisco and Disney fell, Chevron rose.
Stocks declined ahead of the close Thursday, as Walt Disney released worse-than-expected results into a market already weakened by disappointing results from Cisco and a rise in the dollar as European debt troubles continued to roil currency markets. Cisco and Disney fell.
Believe it or not, yes.
The American Bankers Association has put out a statement intended to “clarify” the legal limitations on the duties of trustees in mortgage-backed securities deals.
Big lenders like Chase, Wells Fargo and PHH have increased their jumbo volumes by a lot in just the first six months of this year.
Despite continued improvement for the banking industry as a whole, third-quarter regulatory data indicates the accelerated pace of bank failures will hold up for at least two more quarters. ...A report from TheStreet.
Stocks pared losses in the last few minutes of the session to end higher capping a stellar week for the markets marked by Republican gains in Congress, the Fed's decision to pump more money into the economy, and a surprising strong jobs report. Alcoa and JPMorgan rose.
Warren Buffett's Berkshire Hathaway reports a 35.6 percent surge in operating profits for its third quarter, with "major contributor" Burlington Northern getting a lot of the credit. That's similar to the company's second quarter, when Burlington was also cited as a "major contributor" to that period's 73 percent earnings jump.
Stocks pared losses but remained mixed in the last minutes of Friday's session as stronger-than-expected U.S. job gains in October failed to continue a rally that led stocks to two-year highs on Thursday. Kraft and Merck fell, Alcoa rose.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Stocks surged to two-year highs on Thursday as all the major indexes rose beyond their closing highs for the year in the wake of the Federal Reserve's decision to buy $600 billion in Treasury bonds to boost the economy and news that President Obama said he was open to extending the Bush-era tax cuts to all income levels. JPMorgan and BofA gained.
Stocks continued to soar to new highs for the year Thursday, with banks getting a boost from news the Fed will allow "healthy" institutions to raise their dividends. BofA and JPM gain.
Stocks ended higher after an initial rocky response to the Federal Reserve announcement it would buy $600 billion in long-term Treasurys the middle of next year in an effort to stimulate the economy's sluggish growth. HP and Cisco rose, while AmEx and Microsoft fell.