Banks (Finance)
Insiderslab.com has issued insider trading reports and equity research for several top companies, including Intel, QUALCOMM, Green Mountain Coffee Roasters, and Bank of America. These reports highlight substantial stock option sales made by senior executives and directors at these companies, which can potentially provide valuable insights for investors. The
Banking industry
Bank of America's failed attempt to charge customers $5 monthly for using their debit cards has taught the bank valuable lessons, according to CEO Brian Moynihan. Moynihan spoke at the company's annual financial services conference, also addressing ongoing discussions with state attorneys general over foreclosure-related issues.
Banks (Finance)
Financial shares are experiencing a significant downturn in late trading as Bank of America (BAC) and other major institutions implement fee hikes to compensate for revenue lost from the failed attempt to charge for debit card use. The Dow Jones U.S. Financial Index has taken a 2.71% hit,
Banking industry
Citigroup's (:C) shares tumbled by over 3% to $28.41 on Monday after the company announced the sale of EMI Music Publishing to a group of investors, including Sony (:SNE), for $2.2 billion. The deal follows Citigroup's agreement to sell EMI Group's recorded
Banks (Finance)
Senators Dick Durbin and Jack Reed have taken a crucial step to protect American consumers by urging financial institutions to adopt a voluntary bank account fee disclosure form designed to make checking account terms and fees transparent and easy to understand. The move comes after bank giants like Bank of
Banks (Finance)
Consumers are facing a perfect storm of increasing bank fees, hurt by a weak economy, troubled financial markets, and low interest-rate yields. Despite Bank of America canceling its planned $5-a-month debit card fee, banks continue to rise fees, leaving consumers with fewer options and higher costs. As consumers become increasingly
Banking industry
Realization's premier conference for project management innovation, Project Flow 2011, is poised to break records with a record number of delegates registered for the event. The conference, scheduled for November 2-4, 2011, at the Hotel del Coronado in San Diego, will feature a diverse range of well-known companies,
Banking industry
The Securities Industry and Financial Markets Association (SIFMA) has recognized the top performers in diversity leadership among the financial institutions, awarding the Diversity Leadership Awards to BNP Paribas, Robert W. Baird and Co., Goldman Sachs, Deutsche Bank, Bank of America, Citi, and Credit Suisse. The awards were given in three
Banks (Finance)
Bank of America, the second-largest US bank by assets, has scrapped plans to charge customers a $5 monthly fee for debit card purchases, reversing a decision made just a week ago. The move follows a wave of consumer backlash and a campaign to switch to community banks and credit unions.
Banking industry
U.S. stocks sold off sharply on Tuesday after Greece's prime minister called an unexpected public referendum to approve Europe's debt deal, sparking fears of the deal's jeopardization. The Dow Jones industrial average dropped 2.2%, the S&P 500 sank 2.7%
Banking industry
Bank Transfer Day, a grassroots movement that aims to encourage consumers to switch their bank accounts to credit unions or community banks, has been scheduled for Saturday, November 5. The movement was sparked by Bank of America's decision to charge customers a $5 debit card fee in 2012.
Banks (Finance)
Global markets are in chaos as a surprise move by the Greek Prime Minister sends shockwaves across the Atlantic. Bank shares are plummeting in pre-market trading, with many hitting fresh session lows. The Greek Prime Minister's decision to hold a referendum on the latest EU bailout plan has
