Shares of Ocwen and four closely related companies were falling sharply as a hedge fund announced it was short Ocwen shares and a related company had defaulted on its debt.
The strong dollar and cheap gas hit American Express fourth-quarter earnings and weighed on expectations about the future, sending the stock down 4% on Thursday.
The regulatory crackdown on Ocwen, Nationstar and other mortgage servicers is making banks more reluctant to extend credit, raising questions about the future of the servicing industry.
Cooperman asked CEO Bill Shepro 'whether your testicles are bigger than your brains or your brains are bigger than your testicles.'
High-yield bonds are likely to return 5% in 2015, says Martin Fridson, CIO of Lehmann Livian Fridson Advisors.
Falling oil prices spurred a sharp decline in North Dakota drilling activity as the state's rig count hit its lowest level since October 2010.
The bank defended its business model despite a disappointing fourth-quarter performance weighed down by high legal expenses
Ocwen Financial shares continued to plummet on regulatory concerns about the nation's largest servicer of delinquent mortgages, though analysts still see value in the stock.
U.S. equities are still in the midst of a 'tremendous bull run,' according to Richard Bernstein, the well-known CEO of the eponymous investment advisory firm.
Citigroup's lower valuation and the likelihood regulators will finally allow it to raise its dividend are the reasons investors favor the stock, reports Nomura analyst Steven Chuback.