Banking, finance, and taxes
Banking, finance, and taxes Articles
ThinkstockVirtu Financial Inc. was supposed to be one of the top ten IPOs of 2014. Now it appears as though the high frequency trading shop, which almost never loses money on a daily basis, may be...
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In the first such action by a large U.S. financial institution as a result of sanctions against Russia, J.P. Morgan blocked a transfer of funds from a Russian embassy to an insurance company partly...
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Investors often get to hear about Buy ratings from Wall Street analysts. But here are two financial "stocks to sell" from this past week, according to analysts.
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ThinkstockAlly Financial Inc. is soon to become a public company again. The taxpayer has a stake here in this auto lender, considering that the U.S. government will be selling the majority of its...
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Citigroup's management deserves an F for how it handled the news of its Fed stress test. They may even deserve an F for how they prepared for the stress test.
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ThinkstockWednesday’s big announcement is that the Federal Reserve did not object to the capital plans for some 25 of the 30 banks under review which were participating in the Comprehensive Capital...
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Wikimedia CommonsCitigroup Inc. (NYSE: C) is one of five banks which were not given approval for their proposed capital plans filed with the Federal Reserve. This means that the bank will still be...
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After saying last Friday that they would not be processing transactions for Russian banks, Visa and MasterCard resumed such processing on Saturday. Bank owners were on a list of Russian officials and...
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ThinkstockFollowing President Obama’s order on Thursday of sanctions against two dozen Russian citizens, credit card issuers Visa Inc. (NYSE: V) and MasterCard Inc. (NYSE: MA) have stopped...
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ThinkstockFitch Ratings kept its AAA rating on U.S. debt and said the outlook for that rating is stable. The announcement stood in contrast to the change in its rating for Russia, which its reported...
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Jon OggZions Bancorporation (NASDAQ: ZION) was the one large bank which did not meet the criteria of the latest stress tests that the banks were rallying ahead of. What is interesting is that this...
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National Bank of Greece is trying to still manage a turnaround. If earnings are a barometer, then the bank could be on the way back up.
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ThinkstockIn the past, big banks and banks that took bailout money had to fret over each and every round of stress tests. That appears to be far from the case for the new 2014 stress tests due after...
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Q2 Holdings held its initial public offering Thursday morning, selling 7.76 million shares at $13 a share, the high end of its estimated range. Based on early trading, the stock appears to be holding...
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Wikimedia CommonsHow many warnings have you seen about Bitcoin being a charade or having serious risks? It has to be more than can easily be counted. After FINRA warned this week, after Alan...
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