Blackstone Group President and COO Hamilton "Tony" James confirmed the company's preferred equity stake in Fannie Mae and Freddie Mac but said he does not believe the asset management giant will drive the debate over the future of the government sponsored enterprises
Bank of America increased its legal reserve by $2.4 billion during the first quarter, but wouldn't say why.
Huntington Bancshares earnings declined slightly in the first quarter, on acquisition costs and an increase in litigation reserves despite growth in several business units.
One of the world's largest asset managers has joined a growing chorus of critics of legislation proposed by Sens. Tim Johnson (D, SD) and Mike Crapo (R., ID) which is widely seen as President Obama's favorite plan to reform the U.S. housing market by winding down Fannie Mae and Freddie Mac.
Citigroup continues to face scrutiny from analysts over a roughly $50 billion tax asset it has claimed ever since the crisis.
Citigroup, already reportedly under criminal investigation over fraud in its Mexican operations, said Monday it discovered a second incident in the unit known as Banamex.
Bank earnings are complicated, but it's important not to lose the forest for the trees. Wells Fargo grew its earnings; JPMorgan Chase did not. Which do you think is the better performer?
Legal costs are a wild card while lower revenues from trading and mortgage origination are widely expected as JPMorgan Chase prepares to report first quarter earnings ahead of the opening bell on Friday.
Ally Financial won its first "buy" recommendation Thursday, the day of its IPO.
The housing reform legislation that appears to have the most support from the Obama Administration takes sharp criticism from an icon of the Left.