Bank of America (BOA) shares dropped below $10 for the first time in two years on Friday.
Credit ratings agency S&P Friday, like Moody's Thursday, warned that the U.S.'s credit rating could be downgraded, if an agreement on raising the debt ceiling is not reached soon. Meanwhile, the Reid/McConnell 'last chance' debt deal plan appeared to gain momentum Thursday, raising hope that a debt deal agreement will be reached soon.
JPMorgan & Chase bank reported second quarter earnings Thursday. The bank's net income beat analysts' expectations.
New York's attorney general is investigating Bank of America Corp's $8.5 billion settlement with investors over losses in mortgage-backed securities, and has sought data from 20 institutional investors that agreed to the accord.
Deutsche Bank AG asked a Manhattan judge to dismiss a government lawsuit accusing it of fraud for repeatedly lying about the quality of mortgages it handled under a federal program.
Bank of America is donating up to 150 vacant and abandoned properties in Chicago for demolition and rehabilitation to tackle neighborhood blight.
Greece, tiny Mediterranean nation plagued by debt problems, still bears watching by U.S. investors/readers. The reason? Bond vigilantes who have driven up Greece's interest rates could do the same in the United States, if Washington doesn't eliminate its budget deficit.
The couple raised the asking price by $8 million
It's a small world, after all. For U.S. readers and investors, Greece may seem like some small, exotic European country, but that could not be further from the truth. From an interest rate standpoint, if Greece defaults on its debt, U.S. interest rates, including home mortgage rates, are likely to rise.
Bank of America Corp lost its bid to dismiss a lawsuit accusing it of reneging on promises to help borrowers modify their mortgage loans under a much-criticized federal program.
Purchase applications for U.S. home mortgages rose last week, but refinancing activity plunged as interest rates jumped, an industry group said on Wednesday.
A group of bondholders plans to challenge Bank of America Corp's $8.5 billion settlement with holders in soured mortgage-backed securities, saying it may be unfair to other bond investors.
Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.
Congressional lawmakers looking for ways to reduce spending could look to the tax code, economists say.
A federal judge on Wednesday approved a $153.6 million settlement between JPMorgan Chase & Co and the top U.S. market regulator over allegations a mortgage CDO product defrauded the bank's investors at the time of the housing market collapse.
The companies whose shares are moving in pre-market trade on Wednesday are: Bank of America, AK Steel Holding, Archer Daniels Midland, Analog Devices, Legg Mason, Monsanto, United States Steel, KB Home, General Mills and Family Dollar Stores.
Time was, you could 'bank on' certain trends in the United States: ample career positions for new college graduates, rising incomes, and rising home prices. Times have changed, and regarding the latter, today's unforgiving U.S. housing sector makes due diligence all-the-more important for prospective home buyers.
China faces a housing bubble crisis and $1.6 trillion in debt owed by local governments that threatens global economic powers, including the U.S.
FBR Capital Markets remains positive on the Marcellus Shale as a catalyst for banks in Western Pennsylvania, following a recent investor field trip. Meanwhile, the brokerage upgraded its rating on shares of First Commonwealth Financial Corp. (FCF) to "outperform" from "market perform".
Snow White and the Seven Dwarfs (1937) was the very first full-length animated feature in the history of motion pictures. Created by Walt Disney, it may have been technically surpassed by sophisticated animation films that followed, but remains incomparable for the endearing characters, real emotions, and fine storytelling.
One of the many problems hampering the speed and strength of the economic recovery has been the very restrictive lending guidelines that have arisen since the start of the financial crisis.
It's been said that Congress doesn't react unless American voters compel it to do so. Well, U.S. Treasury Secretary Timothy Geithner is imploring Congress to 'get ahead of the curve,' on the budget deficit / debt ceiling issue, as the consequences of not acting could be enormous: it would leave the U.S. vulnerable to rising interest rates, if the Greece debt situation triggers another financial contagion.
