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By Grant Smith |
January 30, 2013
The lowest oil volatility in 17 years is pushing down options costs, setting up trades that BNP Paribas SA and Commerzbank AG say will profit when prices start swinging again.
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By Heather Perlberg and Dakin Campbell, Bloomberg |
January 22, 2013
Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.
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By Michael McFarlin |
January 21, 2013
Edelman recently released their annual Trust Barometer report, and for the third year in a row banks and financial services placed in the bottom two spots. In contrast, technology is the most trusted industry.
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By Canaccord Genuity Morning Coffee |
January 18, 2013
Bank of America’s fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae and a foreclosure settlement.
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By Michael J. Moore, Bloomberg |
January 18, 2013
Morgan Stanley, the top global equity underwriter last year, reported profit that beat analysts’ estimates as brokerage earnings more than doubled and margins from that unit surpassed the firm’s goal for this year.
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By Donal Griffin, Bloomberg |
January 17, 2013
Citigroup Inc., the third-biggest U.S. bank by assets, reported a profit increase that was less than analysts estimated as litigation costs rose and benefits from releasing loan-loss reserves declined.
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By Canaccord Genuity Morning Coffee |
January 17, 2013
Goldman Sachs posted a better than expected Q4 profit on improved trading and banking revenue, coupled with a reduction in compensation.
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By Katie Linsell, Bloomberg |
January 8, 2013
Euribor, the base rate for trillions of euros of lending, may face an exodus of contributors after Rabobank Groep’s departure, according to the banking lobby that administers the scandal-hit benchmark.
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By Jesse Hamilton, Bloomberg |
January 7, 2013
Ten of the largest U.S. mortgage servicers will pay a combined $8.5 billion under an agreement that will end case-by-case reviews of foreclosure-abuse claims stemming from a 2011 deal with regulators.
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By Silla Brush, Bloomberg |
January 4, 2013
JPMorgan Chase & Co., Goldman Sachs Group Inc. and Bank of America Corp. won a delay of Dodd-Frank Act requirements that they wall off some derivatives trades from bank units backed by federal deposit insurance.
