Banking industry
Bank stocks, including Bank of America and Citigroup, took a hit in pre-market trade, with losses of 2.5% and 3% respectively, as investors reacted to a Reuters report that seven banks, including the two titans, were sued by pension funds over the collapse of MF Global. The lawsuit alleges
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.
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
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
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.
Banking industry
This year's Project Flow 2011 conference, taking place from November 2-4 at the Hotel del Coronado in San Diego, has already broken records for registered attendees despite being just a few months away from its start date. The conference will feature a wide range of well-known companies, including
Banking industry
The Chicago central business district is a hub for commercial real estate activity, with numerous large office leases finalized in recent years. The following list ranks the largest office leases in the area by total square footage. Notably, tech giant Groupon Inc. takes up two spots on the list, leasing
Banking industry
U.S. stocks closed lower on Thursday, mirroring declines in European markets, as investors remained cautious about the future of the continent's economy. The Dow Jones industrial average fell 86 points, or 0.8%, while the S&P 500 and Nasdaq composite lost 9 points, or 0.
Banking industry
MomentumHunter.com, a leading source for microcap research, has released its latest investment report, highlighting 10 stocks with explosive potential in the market. The report focuses on small cap and microcap companies that are often overlooked by traditional Wall Street investment advisors. The company's research team tracks the
Banking industry
Congressional Democrats are urging the US Attorney General to investigate whether banks have engaged in anti-competitive practices, including "price signaling," a tacit agreement not to compete on fees charged to consumers. The move comes after Bank of America announced it would raise its monthly debit card fee to
