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Study: Overdraft Misery Continues Despite Fed Rules
4:00PM 8/11/2011
JP Morgan Chase, Bank of America, Citigroup, Banking, Consumer Ally
A year after the Federal Reserve enacted new rules to rein in abusive bank overdraft practices, fees remain high and some institutions actually have slapped on additional penalties, according to a new survey by the Consumer Federation of America.
John Paulson, the hedge fund manager who made billions shorting subprime mortgages and financial stocks, established new long positions in banks and credit-sensitive stocks during the second quarter, SEC filings show. The Paulson & Co. hedge fund disclosed new holdings in Bank of America (BAC),...
Are these five banks hiding more than $140 billion in losses?
5:00PM 8/14/2009
Jonathan Weil at Bloomberg has quite a contention: on a mark-to-market basis, a number of banks -- such as Regions Financial (RF), SunTrust Banks (STI), and KeyCorp (KEY) -- would have negative regulatory equity. Meanwhile, others -- including giants like Bank of America (BAC) and Wells Fargo (WFC)...
Most of the data on bank "stress tests" has already been leaked to the press, which could prompt an investigation into why such sensitive information about public companies was disclosed early.
But whether the figures were in the press early or released later today, when they are expected to be...
Several major news organizations are reporting that about ten of the 19 banks that have gone through government "stress tests" will have to raise capital.
Most analysts already believe that Citigroup (C) and Bank of America (BAC) are on the list. Because of their sizes and current market caps, even...
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Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.05 | -0.13 -1.59% | 55.20M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 27.54 | -2.20 -7.40% | 9.02M | |
| 29.56 | -2.43 -7.60% | 8.76M |
% Gainers
| 35.62 | +11.72 +49.04% | 4.56M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 10.50 | +1.10 +11.70% | 1.78M | |
| 84.74 | +8.35 +10.93% | 3.49M |
% Losers
DailyFinance Wire
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Newswire
- Greek Cabinet suffers second walkout
- Turbo-traders take Bank of America for a ride
- Stocks slide at the open as Greek deal is held...
- Trade deficit widens to $48.8 billion in...
- Obama call for manufacturing revival a tough...
- Feds investigate door fires in 2007 Camrys,...
- NYSE Euronext profit down on blocked merger...
- LA co. challenges Kodak move to dump theater...
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- Top Analyst Upgrades & Downgrades (ALTR, AMSC, BIIB, CELG, COH, CSTR, COP, FSLR, GILD, HAIN, MA, RF, TRLG)
- Morning Wire — US Stock-Index Futures Down Sharply
- Alcatel-Lucent Pulls a Rabbit Out of Its Hat on Earnings (ALU)
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- The New Homeowner Rescue May Come After Home Price Recovery
- Unemployment Is Worse Than Assumed
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