Banking industry
Citigroup shares were little changed after the Department of Justice declined to pursue civil or criminal charges for its alleged role in manipulating Libor rates. The decision comes after nearly three years of investigations into several major banks, including Citigroup, JP Morgan Chase, and Bank of America. The Libor scandal
Banking industry
On May 11, 2015, several analyst upgrades were announced for various companies, including Alcatel-Lucent, Caterpillar, Cisco, Evolution Petroleum, Hecla Mining, Joy Global, Monster Beverage, Nokia, On Deck Capital, Royal Caribbean, SMC, Sally Beauty, Southwestern Energy, Sprouts Farmers Markets, Suburban Propane, Suffolk Bancorp, Syngenta, Triumph Group, United Natural Foods, Web.com,
Banking industry
The Australian share market suffered its worst weekly loss in nearly two years, with a 3.1% decline over the past week, following disappointing earnings results from major banks and worsening global sentiment. The All Ordinaries fell 0.1% on the final trading day of the week, closing at 5635.
Banking industry
The Australian sharemarket continued to fall yesterday, with the benchmark S&P/ASX 200 plummeting 2.3 per cent, the steepest drop since February 2013. The sell-off comes as National Australia Bank launches a $5.5 billion share issue as part of its UK exit strategy, and global markets
Banking industry
On May 1st, 2015, a wave of analyst downgrades hit the market, affecting a total of 21 stocks across various industries. The downgrades were issued by prominent investment banks, including Bernstein, Citigroup, Jefferies, Barclays, Goldman Sachs, Deutsche Bank, and others. The list of downgraded stocks included Allegion, Armstrong World, Baidu,
Banking industry
Freeport LNG has closed a monumental $4.56 billion deal in senior debt and mezzanine financing backing its third liquefied natural gas train at Quintana Island near Freeport, Texas. The deal was jointly arranged by 27 leading banks, with the majority participating in the debt financing for the second train
Banking industry
As part of a reported settlement with U.S. and British regulatory authorities, Deutsche Bank will plead guilty to charges of manipulating interest rates, an issue that has led to a significant charge against the bank's earnings. This move comes after China announced it would open its domestic
Banking industry
On Tuesday, April 21, 2015, the stock market experienced a mixed bag of results, with the NASDAQ Composite ending 0.39% higher, while the Dow Jones Industrial Average and the S&P 500 closed with minor losses. The S&P 500 Financials Sector Index ended the day 0.
Banking industry
As the 2015 shareholder meeting season approaches, advocates and investors are poised to make a significant push for greater transparency in corporate political activity. Shareholders of some of the largest public companies in the US, including Google, JPMorgan Chase, and Citigroup, will vote on proposals calling for increased disclosure of
Banking industry
Stocks and financial institutions are preparing for the financial results report week. Several companies have priced straddle options for the week ahead, with CSX and Bank of America seeing heightened price movements. CSX's April 33 straddle is priced at 4% movement, while Bank of America's April
Banking industry
In a flurry of activity on the financial front, twenty-four stocks have received downgrades from top analysts, a clear indication that the market may be shifting. Stocks like AMC Networks, Altera, and American Airlines have all been placed on notice, with experts lowering their expectations for these companies' performance.
Banking industry
The large one-stop banks, including JPMorgan Chase and Citigroup, are struggling to deliver profitable returns due to the universal banking model. Despite their size and supposed benefits of scale, these banks have consistently underperformed their specialist peers, with an average return on equity of just 5% over the past five
