Richard X. Bove is the chief strategist at Rafferty Holdings and the author of "Guardians of Prosperity: Why America Needs Big Banks" (2013)
Richard X. Bove is the chief strategist at Rafferty Holdings and the author of "Guardians of Prosperity: Why America Needs Big Banks" (2013)
Revenues from investment banking, trading, brokerage commissions, and fiduciary fees have only grown modestly since 2009, and it appears the customer actually made more money.
Persistent rate increases in the United States may be having very negative impacts on the global economy.
Despite its political angst, the United States is the best place to put your money and in comparison with other countries appears not only to be safe but also expanding economically.
JP Morgan Chase CEO Jamie Dimon is suggesting that the shrinking of the Fed balance sheet and the rise of the 10-year Treasury yield to 5 percent pose dangers. His views are important since his bank is at the nerve center of money flows and its costs.
It is expected that the Federal Reserve will raise the Federal Funds rate one more time in September.
President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so.
Big banks gave $224 billion to shareholders from 2016 through this year's first quarter. They could have made more loans instead.
A look at today’s Federal Reserve indicates that President Trump might have little resistance to gaining total control of the central bank.
Big banks sacrificed branches and "hi-touch" services for mobile banking and "hi-tech," and they have lost loan business as a result.
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