Tag: wall street
Consumers May Get Hit With Higher Debit Card Fees
by Charles Wallace on Dec.16, 2010, under Towing
New rules proposed by the Fed for debit card transactions may mean consumers end up paying more to use their cards, while big retailers save billions. The rules would sharply limit the transaction fees sellers pay, so banks could recoup that money from buyers.
Continue reading Consumers May Get Hit With Higher Debit Card Fees
Consumers May Get Hit With Higher Debit Card Fees originally appeared on DailyFinance on Thu, 16 Dec 2010 17:15:00.
Filed Under: Company News, People, Credit, Retail
SEC in Talks to Settle Mortgage-Bond Probe
by Hugh Collins on Dec.02, 2010, under Towing
Regulators are in talks with several major banks to settle a number of investigations of their sales of mortgage-bonds, The Wall Street Journal reported.
The probe focused on the sale of pools of mortgages and other loans as collateralized debt obligations, or CDOs, to investors, The Wall Street Journal reported without naming its sources. The investigation involves banks including Citigroup Inc….
Continue reading SEC in Talks to Settle Mortgage-Bond Probe
SEC in Talks to Settle Mortgage-Bond Probe originally appeared on DailyFinance on Thu, 02 Dec 2010 08:23:00.
Filed Under: Company News, JP Morgan Chase, Goldman Sachs , Morgan Stanley , Citigroup, Credit, Market News
The New Bank Stress Tests Show Just How Serious the Mortgage Mess Is
by Abigail Field on Nov.18, 2010, under Towing
This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has agreed to run those tests, which it wouldn’t do if it wasn’t worried.
Continue reading The New Bank Stress Tests Show Just How Serious the Mortgage Mess Is
The New Bank Stress Tests Show Just How Serious the Mortgage Mess Is originally appeared on DailyFinance on Thu, 18 Nov 2010 10:56:00.
Filed Under: Company News, Columns, Economy, Real Estate, Credit
Wall Street Firms’ 2010 Profits May Fall 69% From a Year Earlier
by Danny King on Nov.16, 2010, under Towing
Wall Street firms’ collective 2010 profits may fall 69% from a year earlier on less activity in the securities industries, more financial regulation, and fewer gains from Federal government bailouts, according to a New York State Comptroller report. Nevertheless, 2010 profits still may be the fourth-highest on record.
Continue reading Wall Street Firms’ 2010 Profits May Fall 69% From a Year Earlier
Wall Street Firms’ 2010 Profits May Fall 69% From a Year Earlier originally appeared on DailyFinance on Tue, 16 Nov 2010 17:29:00.
Filed Under: Economy
GM IPO Isn’t Closing Early, Goldman Sachs Says
by David Schepp on Nov.12, 2010, under Towing
Goldman Sachs Group won’t stop taking orders for General Motor’s initial public offering at noon Friday, the investment banking giant now says, despite an email sent by the bank to clients on Thursday that said it would, Dow Jones Newswires reports.
Continue reading GM IPO Isn’t Closing Early, Goldman Sachs Says
GM IPO Isn’t Closing Early, Goldman Sachs Says originally appeared on DailyFinance on Fri, 12 Nov 2010 08:27:00.
Filed Under: Company News, Investing, Goldman Sachs , General Motors, Autos, Market News
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