Banking, finance, and taxes
Banking, finance, and taxes Articles
ThinkstockThe U.S. Securities and Exchange Commission (SEC) has approved a plan submitted by The Nasdaq OMX Group Inc. (NASDAQ: NDAQ) that provides up to $62 million in compensation for investors who...
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ThinkstockFederal Reserve Governor Sarah Bloom Raskin is speaking Friday at the National Community Reinvestment Coalition annual conference in Washington, D.C. She took office in 2010 and will have...
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courtesy U.S. Federal ReserveThe less things change, the more time everyone has to speculate about what might happen if things do change. As expected, the Federal Reserve’s FOMC today announced...
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Wikimedia CommonsIn a settlement reached late yesterday, J.P. Morgan Chase & Co. (NYSE: JPM) has agreed to return $546 million to investors of now-bankrupt MF Global. The settlement also brings...
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Jon OggAdvisorShares has announced the launch of the Newfleet Multi-Sector Income ETF (NYSEMKT: MINC). The new fund is an actively managed exchange traded fund (ETF) that is said to be managed with a...
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Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) suffered another blow to its reputation, as a government agency downgraded its rating of the financial firm’s management. What that means...
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Fifth Third Bancorp (NASDAQ: FITB) is confirming last week’s news that the bank stress tests and the Federal Reserve’s Comprehensive Capital Analysis & Review is allowing for a higher bank...
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Wikimedia CommonsJ.P. Morgan Chase & Co. (NYSE: JPM) was a bank we already knew was effectively denied permission to raise its dividend. If you have tracked the stress tests and the return of...
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ThinkstockThe government of Cyprus has drafted another plan to submit to the country’s parliament today that will exempt small savings account holders from the proposed raid on all deposits in the...
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ThinkstockThe parliament in Cyprus may block the government’s attempt to seize money from the savings accounts of its citizens as a way to raise money to get access to bailout funds. If so, the...
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Bank of America Corp. (NYSE: BAC) may have a more bold cheerleader in Dick Bove’s call that BofA’s common stock is still going back up to $30 in the next two or three years. In the near term,...
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ThinkstockThis morning we went on record calling the European proposal to make depositors face a Cyprus bailout tax on their bank deposits as being nothing short of theft. A levy, tax, fee, or any...
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ThinkstockI already have gone on the record that the taxation of deposits in Cyprus is nothing short of theft. Regardless of a bloated banking system that was in shambles, taking depositors’...
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wikicommons / SkimstaWhat we are seeing is in Cyprus an instance when taxation becomes theft. When depositors place money in banks, they assume that their deposits are safe as long as the banks do...
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A panic over plans to levy taxes on deposits in Cyprus banks has pushed all global markets lower. According to MarketWatch: “The introduction of a levy on bank deposits — worth around €5.8...
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