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Financial Services

Bank of America Record $17 Billion Settlement with Authorities

  • Tickers in this article:
  • BAC

Bank of America may be the last of the nation's largest banks to settle with the Justice Department over bad loans.

08/20/14 - 07:51 PM EDT

Bank of America Settlement Will Settle Nothing

  • Tickers in this article:
  • BAC
  • JPM

Bank of America's much-anticipated settlement with the U.S. Justice Department is less punitive than the $17 billion price tag suggests.

08/20/14 - 06:05 PM EDT

Ferguson Unrest Shows Why Fannie, Freddie Are Still Needed: Bove

Ferguson Unrest Shows Why Fannie, Freddie Are Still Needed: Bove

The social unrest in Ferguson, Mo. shows why Fannie Mae and Freddie Mac are still needed to keep home ownership affordable, banking analyst Dick Bove said Wednesday.

08/20/14 - 04:40 PM EDT

Wells Fargo Doubling Asset Management Business to $1T in 10 Years

Wells Fargo Doubling Asset Management Business to $1T in 10 Years

  • Tickers in this article:
  • WFC

Wells Fargo seems to be trying to stake out its position in the changing banking world of the future to include ETFs and better serve investors.

08/20/14 - 04:19 PM EDT

Aug. 20 Premarket Briefing: 10 Things You Should Know

Aug. 20 Premarket Briefing: 10 Things You Should Know

U.S. stock futures are mixed; a report says Allergan approached Salix and at least one other company about a potential acquisition; Citigroup weighs sale of Japan unit.

08/20/14 - 06:35 AM EDT

Homeowners Insurance Cost Too Much? Check Your Bad Credit

Homeowners Insurance Cost Too Much? Check Your Bad Credit

Weather, a home's size and its neighborhood are all factors when companies price homeowners insurance. But there's an-under-the radar factor.

08/19/14 - 11:00 AM EDT

Hain Celestial Surges as CEO Points to Growth in Existing Brands

Hain Celestial Surges as CEO Points to Growth in Existing Brands

  • Tickers in this article:
  • HAIN

Hain Celestial surged 10.7% to $96.21 as Wall Street cheered the organic and natural food company's better-than-expected guidance for next year, despite concerns over the acquisitive company's organic growth potential.

08/20/14 - 12:22 PM EDT

Too Many Americans Unprepared for Mortgage Costs

Too Many Americans Unprepared for Mortgage Costs

Some 63% of possible homebuyers say they are 'overwhelmed' by mortgage information, and only 52% know what their bill will be.

08/20/14 - 11:00 AM EDT

Clinton's Wild Idea for Bank Fines Makes Perfect Sense

Clinton's Wild Idea for Bank Fines Makes Perfect Sense

Former President Clinton's proposal to spend money from bank fines on infrastructure has been widely ignored. But it may help Americans feel the fines are serving a real purpose.

08/19/14 - 07:30 AM EDT

Can Julian Geiger Pick Up the Crumbs at Aeropostale?

Can Julian Geiger Pick Up the Crumbs at Aeropostale?

Aeropostale's ability to regain momentum following three years of negative comparable sales will be difficult, even with former CEO Julian Geiger leading the charge.

08/19/14 - 11:37 AM EDT

Aug. 19 Premarket Briefing: 10 Things You Should Know

Aug. 19 Premarket Briefing: 10 Things You Should Know

U.S. stock futures are higher; Home Depot lifts earnings outlook; BHP Billiton plans to split off certain assets; Sprint unveils new pricing plans.

08/19/14 - 06:54 AM EDT

Rebound in Condo Construction, Sales Means Most-Sensitive Buyers Are Back in Market

Rebound in Condo Construction, Sales Means Most-Sensitive Buyers Are Back in Market

Since condos are kind of a canary in the coal mine, a return to form for condos is good news for real estate in general.

08/19/14 - 10:00 AM EDT

Why HMS Holdings (HMSY) Stock Is Gaining Today

Why HMS Holdings (HMSY) Stock Is Gaining Today

  • Tickers in this article:
  • HMSY

HMS Holdings (HMSY) shares are climbing after being upgraded to 'overweight' from 'equal weight' by analysts at First Analysis.

08/18/14 - 03:21 PM EDT

Why Aeropostale Is Surging

Why Aeropostale Is Surging

  • Tickers in this article:
  • ARO
  • CRMB

Aeropostale shares were surging 8.6% to $3.52 in post-markets trading after the struggling teen retailer said it was replacing its CEO.

08/18/14 - 05:53 PM EDT

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