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Shares of Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac were down sharply on Tuesday in heavily volumes as observers debated the significance of new legal developments.
Legal sign offs have helped Wall Street executives stay out of jail, according to Preet Bharara, U.S. Attorney for New York's Southern District.
If the market moves sideways and interest rates stay lower for longer, mortgage REITS like Annaly and AGNC may be one of the few ways to outperform the market.
The hire of Gross comes at a risky time, with PIMCO under a cloud and fixed income potentially poised for a fall.
If it prices at $25 a share, the high end of the IPO range, Citizens Financial Group would raise $3.5 billion, valuing the company at $14 billion.
Treasury yields are rising, and so are bank profit expectations, but investors may be ahead of fundamentals.
Fed Chair Janet Yellen shares the central bank's latest thinking on interest rates, jobs and inflation.
Investors reacted positively to the Fed's decision to keep rates low, but Yellen left open just how long a "considerable time" was.
A decision by Europe's highest court could have big implications for the U.S. business of banks and credit card companies.
Apple is teaming up with Visa, MasterCard and big banks like Bank of America, JPMorgan Chase, Citigroup and Wells Fargo for its Apple Pay service.