The pint-size Manhattan bank’s market cap of $2 billion is dwarfed by JPMorgan’s $161.5 billion and BofA’s $126.4 billion. Still, Signature has done far better for investors this year. By steering clear of risky derivatives and…
Allstate is suing Bank of America and its Countrywide Financial division over Countrywide’s sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets wo…
GM’s stock price rose as much as 2.5% in trading Tuesday after several brokerage houses began coverage of the stock, with several issuing upbeat initial ratings and hefty price targets. GM still faces a hard road forward, but W…
If struggling homeowners can make trial modified mortgage payments, the next logical step, it seems, would be to make the modifications permanent. Sadly, however, this is a rare occurrence. Follow the stories of three families …
Stocks closed broadly higher Tuesday, helped by more deal activity in the financial sector and upbeat earnings from the tech sector. After more than two years, the market has regained all its losses following the implosion of L…