Banking, finance, and taxes
Banking, finance, and taxes Articles
ThinkstockThe U.S. Securities and Exchange Commission (SEC) said today that the CR Intrinsic unit of hedge fund SAC Capital has agreed to pay $600 million to settle insider trading charges brought by...
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Brian Katt / Wikimedia Commons / GNU Free Documentation LicenseThe annual stress tests on the biggest U.S. banks produced a few surprises when the results were announced last night. The capital plans...
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Wikimedia CommonsA Senate subcommittee has produced a 300 or so page document that says that J.P. Morgan Chase & Co. (NYSE: JPM) manipulated information about huge losses in its London trading...
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Wikimedia CommonsIt is probably of little comfort to existing shareholders that Citadel Investment Group is selling its remaining stake in E*Trade Financial Corp. (NASDAQ: ETFC). The near 10% stake...
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ThinkstockWhat generally happens after bond yields rise? At least some investors decide to go chase the yield at a new Treasury note auction and that is what we have just witnessed from the $20...
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Wikimedia CommonsPresident Obama soon will meet with corporate leaders to discuss the problem of cyberattacks on companies and governments. His national security adviser, Tom Donilon, recently chided...
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Jon OggThe Volatility Index, AKA the VIX, just hit a 52-week low. Make that a multiyear low, all the way back to April of 2007. Is the “fear index” showing a market that is overly bought and ripe...
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ThinkstockThe financial sector took a beating during the mortgage and housing market meltdown that threw the nation into recession in 2008. After five years of bailouts and rebuilding, the banking...
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ThinkstockMexico is a land of great opportunity, led by a being a land of great risk. So what are investors supposed to think when the Bank of Mexico cuts its benchmark interest rates? Mexico’s...
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ThinkstockThe Federal Reserve is finally out with its results of the bank stress tests. This is not the formal decision that will allow all the banks to increase their dividends and share buybacks....
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Jon OggThe Direxion Daily Financial Bull 3X Shares (NYSEMKT: FAS) and the inverse Direxion Daily Financial Bear 3X Shares (NYSEMKT: FAZ) are leading our Daily ETF Folly feature ahead of the coming...
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ThinkstockDick Bove is now with Rafferty Capital, and he was on CNBC this morning with yet another very positive call in the banking sector. His view is ahead of the stress test results today and...
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ThinkstockArtisan Partners Asset Management Inc. (NYSE: APAM) is coming public today. The asset management firm had a premium deal priced for 11.054 million shares of its Class A stock at $30.00 per...
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ThinkstockKey decisions are out from the Bank of England and from the European Central Bank (ECB). Most U.S. investors would prefer not to have to care about these moves, but that is now the world we...
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Frank Golhen, via Wikimedia CommonsThe news of the Dow Jones Industrial Average hitting new highs this week is certainly good news. The problem is that the news comes with some serious caveats. We...
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