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Living near a lottery winner has a surprising downside

When people win the lottery, their less-lucky neighbors often drive themselves into financial ruin trying to keep up, according to a provocative new study from the Federal Reserve Bank of Philadelphia. The more money the lottery winner gets, the worse off.....»»

Category: topSource: moneycentralFeb 17th, 2016

Deutsche Bank Sees PNC As Biggest Winner From Fed"s Rate Hike

PNC Financial Services Group Inc (NYSE: PNC) was viewed as the biggest winner from the Federal Reserve's rate hike by Deutsche Bank on Wednesday. Deutsche Bank released its industry report indicating that analysts expect the largest bank increase at PNC .....»»

Category: blogSource: benzingaDec 17th, 2015

Few banking convictions 7 years after financial crisis

A Wall Street Journal examination of criminal and civil cases brought by the government since 2009 against some of Wall Street's biggest banks reveals that there were few proceedings against individual bank employees and even fewer convictions. Photo:.....»»

Category: topSource: moneycentral17 hr. 4 min. ago

St. Louis Federal Reserve Bank President James Bullard Speech to be released at 20:35

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallMay 29th, 2016

Domestic indicators point to nascent recovery: Deutsche Bank

Economic data like power generation, diesel consumption, tractor growth points to sharp improvement, says the financial services major.....»»

Category: topSource: business-standardMay 29th, 2016

Fed Fun For These Bank ETFs

Spoiler alert: This is article is not about the Financial Select Sector SPDR Fund (NYSE:XLF) or a comparable financial services exchange traded fund......»»

Category: topSource: foxnewsMay 28th, 2016

Fed Fun For These Bank ETFs

Spoiler alert: This is article is not about the Financial Select Sector SPDR Fund (NYSE: XLF) or a comparable financial services exchange traded fund. Nor is it about the SPDR KBW Regional Banking (ETF) (NYSE: KRE), at least not directly......»»

Category: blogSource: benzingaMay 28th, 2016

EU Member States Should Stress-Test Banks’ Cyber Risks

Concerns about the SWIFT bank messaging system have spooked the EU. Domestic authorities in European Union member states should stress-test their financial institutions for cyber risks, a top EU supervisor said, saying banks might be required to hold .....»»

Category: europeSource: fortuneMay 28th, 2016

Financial and energy shares help push TSX higher

TORONTO (Reuters) - Canada's main stock index climbed on Friday, helped by strength in the financial services sector and energy companies, with investors focusing on monetary policy commentary from U.S. central bank chief Janet Yellen. Yellen said in.....»»

Category: topSource: yahooMay 27th, 2016

Barclays PLC: Barclaycard is Set to Expand

Barclays PLC (NYSE:BCS) has been venturing into technology-driven financial services, amid difficult market conditions. As the card payment business is expanding, while cash-based payment is declining, the bank is actively expanding services to cater to c.....»»

Category: topSource: bidnessetcMay 27th, 2016

Barclays PLC: Barclaycard is Set to Expand

Barclays PLC (NYSE:BCS) has been venturing into technology-driven financial services, amid difficult market conditions. As the card payment business is expanding, while cash-based payment is declining, the bank is actively expanding services to cater to c.....»»

Category: topSource: bidnessetcMay 27th, 2016

The Utopian Central Bank Financial Market (Video)

By EconMatters   Central Banks Need to either go all the way with Policy Goals, or get out of financial asset purchases altogether. The current stop and start cycling sets the financial markets up for huge crash scenarios every ten years. © Eco.....»»

Category: blogSource: zerohedgeMay 27th, 2016

Icici Bank call volume above normal and directionally bullish

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallMay 27th, 2016

Financial Services Market Daily: Wells Fargo, Goldman Sachs Group, Royal Bank of Canada

Wells Fargo & Co.’s (NYSE:WFC) former mortgage banker in Beverly Hills, California —David Eghbali— has come to a settlement agreement with the Consumer Financial Protection Bureau. The settlement was reached over allegations of overcharging borrower.....»»

Category: topSource: bidnessetcMay 27th, 2016

Alamos Gold upgraded to Outperform from Sector Perform at National Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallMay 27th, 2016

Ulta Beauty price target raised to $225 from $178 at Deutsche Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallMay 27th, 2016

North Korea-linked "Lazarus" hackers hit a fourth bank in Philippines

Hackers targeting the international financial system have claimed a fourth victim: a bank in the Philippines.Sponsored: Drivers Will Be Furious When This Finally Happens If you drive less than 50 miles a day, this new rule will shock you......»»

Category: topSource: moneyMay 27th, 2016

Vivint Solar upgraded to Buy from Hold at Deutsche Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallMay 27th, 2016

Palo Alto Networks downgraded to Hold from Buy at Deutsche Bank

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fly's real-time, streaming news feed keeps individual investors, professional money managers, active trader.....»»

Category: blogSource: theflyonthewallMay 27th, 2016

The Just Death Of A Swiss Bank

The Swiss financial markets regulator, FINMA, has issued the results of its investigation into the behavior of the Swiss bank BSI. It has found BSI guilty of“serious breaches of the statutory due diligence requirements in relation to money laundering an.....»»

Category: topSource: forbesMay 27th, 2016