Citigroup has a stronger argument than Bank of America in trying to lower the cost of an expected mortgage settlement with the Department of Justice, assuming math matters just a bit.
Reports of an insider trading inquiry involving Phil Mickelson now appear exaggerated, but pro golfers do have access to senior corporate executives that is unique even in the rarefied world of professional sports, say money managers and agents with ties to top athletes.
Nicholas Financial, an auto lender, called off a planned acquisition by Prospect Financial after the Securities and Exchange Commission required Prospect to change the way it accounts for companies it owns on its balance sheet.
Even as Bank of America sees the cost of a potential mortgage settlement balloon to $17 billion, the bank is still struggling to prove it can grow revenue at the same time it is selling off branches and reducing its footprint in other business units, analysts say.
Prospect Capital will not be required to restate past earnings as the Securities and Exchange Commission had requested, surprising many analysts who follow the stock and sending shares higher in pre-market trading.
AIG named Peter Hancock to replace Bob Benmosche as CEO, picking a man with a deep Wall Street background but scant experience in insurance.
The seve-for-one split of Apple stock effective Monday may provide a slight boost to earnings at online brokers E*Trade Financial and TD Ameritrade, according to a report from Nomura Securities analyst Steven Chubak.
Prospect Capital saw its price target lowered by National Securities analyst Andrew Kerai Monday after he hosted investor meetings with Prospect CFO Brian Oswald.
National Bank of Greece is added to the 'model portfolio' of JPMorgan's European banking analysts Monday. They also add Banco Popular to the list following last week's moves by the European Central Bank to improve funding to the banking sector.
The Federal Housing Finance Agency, overseer of Fannie Mae and Freddie Mac, has asked the public for input regarding the fees those government sponsored entities charge to lenders.