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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

Bank rule to limit damage in financial crisis

Rule would constrain firms' ability to cancel derivatives and other contracts with largest banks         Rule would constrain firms' ability to cancel derivatives and other contracts with largest banks  &.....»»

Category: topSource: usatoday1 hr. 43 min. ago

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings

European banks have been reporting their earnings for the first quarter of fiscal 2016 (1QFY16) in an unimpressive manner. UBS Group AG (USA) (NYSE:UBS) is among one whose results suggest the same headwinds as others in the banking industry. The bank rele.....»»

Category: topSource: bidnessetc4 hr. 8 min. ago

South Africa rating downgrades could lead to capital outflows -central bank

The impact of a possible further ratings downgrade on the South African economy and financial system could lead to increased capital outflows, the central bank said on Tuesday. Ratings agencies have warned of possible ratings cuts should Pretoria show a l.....»»

Category: topSource: yahoo4 hr. 43 min. ago

Financial Services Market Daily: UBS Group, American International Group, HSBC Holdings

European banks have been reporting their earnings for the first quarter of fiscal 2016 (1QFY16) in an unimpressive manner. UBS Group AG (USA) (NYSE:UBS) is among one whose results suggest the same headwinds as others in the banking industry. The bank rele.....»»

Category: topSource: bidnessetc7 hr. 26 min. ago

Bank of America Corp Settles Fraudulent Mortgage-Backed Securities Lending Charges

Bank of America Corp. (NYSE:BAC) has agreed to settle the charges over the sale of mortgage-backed securities prior to the financial crisis of 2008. The Federal Home Loan Bank of Seattle filed the lawsuit in 2009. The lender reached a settlement worth $19.....»»

Category: topSource: bidnessetc8 hr. 9 min. ago

Shares in Nigeria"s Fidelity Bank slide as anti-corruption agency detains CEO

Nigeria's Fidelity Bank shares fell to a two-month low on Tuesday after the financial crimes agency detained the lender's chief executive last week, prompting it to appoint an acting chief. Fidelity CEO Nnamdi Okonkwo has been in the custody of .....»»

Category: topSource: yahoo8 hr. 9 min. ago

CEO of Nigeria"s Fidelity Bank remains in custody, shares down

The chief executive of Nigeria's Fidelity Bank remained in custody on Tuesday, having been detained last week by the country's financial crimes agency, prompting the lender to appoint a temporary replacement. A spokesman for Nigeria's Econo.....»»

Category: topSource: yahoo8 hr. 9 min. ago

Bank of the West, Operation Hope bring financial-literacy center to Colorado

Bank of the West Chairman and CEO Michael Shepherd says partnering with a nonprofit organization to offer financial literacy is the best way to grow business, jobs and the economy. Shepherd as in Denver Monday to open a “Hope Inside Center” inside a .....»»

Category: topSource: bizjournals8 hr. 26 min. ago

Bank of America Corp Settles Fraudulent Mortgage-Backed Securities Lending Charges

Bank of America Corp. (NYSE:BAC) has agreed to settle the charges over the sale of mortgage-backed securities prior to the financial crisis of 2008. The Federal Home Loan Bank of Seattle filed the lawsuit in 2009. The lender reached a settlement worth $19.....»»

Category: topSource: bidnessetc8 hr. 43 min. ago

QEP Resources management to meet with 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: theflyonthewall8 hr. 43 min. ago

Federal Reserve Bank of Cleveland President Mester chairs panel

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: theflyonthewall8 hr. 43 min. ago

BB&T management to meet with 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: theflyonthewall8 hr. 43 min. ago

Bill Barrett 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: theflyonthewall8 hr. 43 min. ago

Kotak Mahindra Bank opens IFSC banking unit at GIFT City

Kotak Mahindra Bank Ltd, on Tuesday, became the fourth bank to open its IFSC Banking Unit (IBU) at India’s first and only International Financial Services Centre (IFSC) at Gujarat International Finan........»»

Category: topSource: thehindubusinessline9 hr. 43 min. ago

Bloomberg’s New Gender Equality Index Shows Who’s Investing In Women

Citigroup, Visa, and Bank of America are among those that made the cut. On Tuesday morning, Bloomberg unveiled a new index intended to showcase what the biggest financial players are doing to promote gender equality. The index, called the Bloomberg Fi.....»»

Category: europeSource: fortune9 hr. 43 min. ago

ECB Doubles Down on Financial Repression

We just posted a comment on the situation in the EU, where financial repression is still increasing.  Big concern from my perspective is that negative rates and central bank market intervention seem to be frightening investors and convincing savers t.....»»

Category: blogSource: zerohedge10 hr. 26 min. ago

ICICI Bank downgraded to Neutral from Buy at Goldman

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: theflyonthewall12 hr. 9 min. ago

Atlanta Federal Reserve Bank President Dennis Lockhart Speech to be released at 19:00

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: theflyonthewall12 hr. 43 min. ago