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Bank of NY Mellon must face $1 billion Commerzbank lawsuit

Bank of New York Mellon Corp must face a Commerzbank AG (CBKGn.DE) lawsuit seeking to hold it liable for toxic mortgage-backed securities that the German lender bought before the financial crisis, resulting in more than $1 billion of losses......»»

Category: topSource: moneycentralMar 21st, 2017

This New Bubble Is Even Bigger Than The Subprime Fiasco

In 1988, a bank called Guardian Savings and Loan made financial history by issuing the first ever “subprime” mortgage bond. The idea was revolutionary. Subprime Mortgage Bond The bank essentially took all the mortgages they had loaned to bo.....»»

Category: blogSource: valuewalkMar 21st, 2017

This bank stock is down 7 percent so far today

Shares of Western Alliance Bancorp (NYSE: WAL) are down more than 7 percent in Tuesday trading with financial stocks and U.S. indexes down overall. Phoenix-based Western Alliance is down $3.61 at $47.19 per share, according to Google Finance. WAL is .....»»

Category: topSource: bizjournalsMar 21st, 2017

Startups welcome new government charter for financial tech firms

The Department of the Treasury moved a step closer in its efforts to allow financial tech firms to apply for bank licenses yesterday. The department’s Office of the Comptro.....»»

Category: blogSource: TradestreamingMar 21st, 2017

‘Both vision and data’: Why mobile phones are giving millions access to financial services

While billions across the world have limited access to financial services, that number is quickly falling. The World Bank reported that between 2011 and 2014, 700 million people became account holders at banks and mobile money service providers. At .....»»

Category: blogSource: TradestreamingMar 21st, 2017

Investors haven"t been this pumped up about stocks since right before the financial crisis

Even with all the seemingly never-ending political hoopla, investors are feeling pretty optimistic. In a recent note to clients, Deutsche Bank's Chief Internat.....»»

Category: topSource: businessinsiderMar 21st, 2017

U.S. Bancorp: The Antifragile Bank

U.S. Bancorp is one of the few banks in the United States to have widened its competitive advantage in the financial crisis......»»

Category: topSource: foxnewsMar 21st, 2017

Deutsche Bank Said to Face Regulatory Fines Over Currency Trades - Bloomberg

BloombergDeutsche Bank Said to Face Regulatory Fines Over Currency TradesBloombergDeutsche Bank AG is expected to be fined by the Federal Reserve and New York's Department of Financial Services for its con.....»»

Category: topSource: googlenewsMar 21st, 2017

Fed Relaxes View on Large Bank M&A Activity

The Fed effectively relaxed its M&A asset thresholds on what triggers financial stability concerns, says Sandler O’Neill + Partners......»»

Category: topSource: barronsMar 21st, 2017

Deutsche Bank launches tech startup lab in New York City

NEW YORK (Reuters) - Deutsche Bank AG has opened a new center in New York to work with financial technology startups that can help it improve its technology......»»

Category: topSource: reutersMar 21st, 2017

Bank of America poaches Morgan Stanley’s Eric Bischof

Bank of America has snagged Morgan Stanley’s Eric Bischof to serve as its co-head of global financial institutions group. Bischof will serve beside Jim O’Neil of New York, according to The New York Times. Bank of America (NYSE: BAC) announced .....»»

Category: topSource: bizjournalsMar 20th, 2017

Bank of America Hires Top Banker Away From Morgan Stanley

Eric Bischof, who advised the New York Federal Reserve Bank after the global financial crisis, will join the rival bank as co-head of global financial institutions......»»

Category: dealsSource: nytMar 20th, 2017

As Large Banks Get Expensive, 4 Top Financial Stocks to Buy

We screened Deutsche Bank's research coverage universe for brokers, asset managers and exchanges to find the firm's top ideas. We found four that are rated Buy and remain favorites......»»

Category: blogSource: 247wallstMar 20th, 2017

Bank Loan Creation Crashes At Fastest Pace Since The Financial Crisis

Last weekend, after looking at the latest H.8 statement by the Fed, we noted something concerning: total loans and leases by U.S. commercial banks were rising at an annual pace of about 4.6%, based on weekly Fed data. Tha.....»»

Category: blogSource: zerohedgeMar 19th, 2017

Deutsche Bank Warns: Chinese Property bubble is getting bigger

The Chinese Property bubble is only growing and there is little the Government can do, argues one big bank Despite the risks posed to China’s financial system by the country.....»»

Category: blogSource: valuewalkMar 18th, 2017

Justice Department says Trump has power to fire bank regulator

The Trump administration argued in a legal brief Friday that the president has the power to fire the head of the Consumer Financial Protection Bureau, siding with a financial firm that is fighting a $109 million fine in court......»»

Category: topSource: moneyMar 17th, 2017

Financial News: Bob Diamond returns to U.K. investment banking with Panmure Gordon buyout

The former Barclays CEO’s investment firm Atlas Merchant Capital has teamed up with a Qatari investment bank to acquire one of London’s oldest financial firms......»»

Category: topSource: marketwatchMar 17th, 2017

Capital Bank (CBF) Mulls Over Putting Itself Up for Sale

According to a Bloomberg report, Capital Bank Financial Corp. (CBF) is mulling over putting itself up for sale after receiving an unsolicited approach. According to a Bloomberg report, Capital Bank Financial Corp. CBF is mulling o.....»»

Category: topSource: zacksMar 16th, 2017

4 Reasons to Add Stifel Financial (SF) to Your Portfolio Now

If you are thinking of taking position in bank stocks, then this is probably the right time. If you are think.....»»

Category: topSource: zacksMar 16th, 2017

Fed"s Yellen Says March Rate Rise Shouldn"t Have Been a Surprise

Federal Reserve Chairwoman Janet Yellen said Wednesday financial markets shouldn’t have been caught off guard by the interest rate rise the central bank just delivered......»»

Category: smallbizSource: wsjMar 15th, 2017