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Lawsuit Dismissed Against JPMorgan Chase (NYSE: JPM)
JP Morgan Chase (NYSE: JPM), the New York based banking giant, has won a dismissal of a lawsuit brought against the firm stemming from the financial crisis. The nation’s largest bank by assets had been embroiled in a lawsuit with... More of this article »
JPMorgan Chase (NYSE: JPM) Eyes Opportunities in Brazil
With sluggish growth in the United States and Europe, the nation’s largest banks are looking towards expansion opportunities in more unconventional markets – for JPMorgan Chase (NYSE: JPM), that means Brazil. A decline in interest... More of this article »
Bank of America (NYSE: BAC) Plans Layoffs for Fresno Call Center
Bank of America (NYSE: BAC), the Charlotte based banking giant, plans to close its Fresno call center in August 2013. Jennifer Darwin, a corporate spokesperson with Charlotte, N.C.-based Bank of America, confirmed the closure, but... More of this article »
Layoffs Coming For Citigroup (NYSE: C)
The banking sector continues to shed jobs, with the latest news coming out of the New York based banking giant Citigroup (NYSE: C). Rumors swirl that the firm’s trading and investment-banking division will eliminate 150 more jobs... More of this article »
BP Temporarily Banned from US Contracts
BP faced a temporary suspension from new contracts with the United States government according to the Environmental Protection Agency. It was not indicated how long the ban would last and it followed the record fine BP had to pay for... More of this article »
Only State Missing JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), and Wells Fargo (NYSE: WFC)? That Would Be Hawaii
Hawaii may be considered paradise for vacationers, but apparently, not so much for the nation’s largest banks. Hawaii’s distance from the U.S. Mainland, the state’s small population and high real estate costs are among... More of this article »
Wells Fargo (NYSE: WFC) Adds Former PWC Partner to Board
Wells Fargo & Co. (NYSE: WFC), the San Francisco based banking behemoth and largest home lender in the United States is expanding its Board. Howard V. “Rick” Richardson will be joining the board of directors, bringing the total... More of this article »
CIFG Sues JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC)
Legal issues continue to plague the banking sector, with the most recent now focused on New York based JP Morgan Chase & Co. (NYSE: JPM). CIFG Assurance North America Inc. has dragged the company to court over losses suffered by... More of this article »
Special Dividend offered to Costco Shareholders
Warehouse merchant, Costco Wholesale has announced it will have a special dividend of $3 billion before the end of 2012, saving its shareholders from being bit should the increase in taxes take place due to the pending fiscal cliff. The... More of this article »
Small Business Saturday a Success
This is the season when businesses compete for consumers’ dollars. Black Friday promotions have pushed the envelope in the competition. Small businesses try to get their share in attracting consumers with their own Small business... More of this article »
Brevan Howard Makes New York Comeback
Brevan Howard Asset Management, which is Europe’s second largest hedge fund, is rebuilding in the United States after pulling out during the financial crisis in 2008. The $39 billion company is run by billionaire Alan Howard. The... More of this article »
Binghamton’s October Unemployment Rate Better than Previous Month
The unemployment rate in Binghamton for the month of October is better than in September. But the bad news is that there are not as many jobs in the city compared to the same period last year. Local economist Christian Harris said... More of this article »
Top Events to Attend in London in 2013
London has frequently been described as the cultural capital of the world. With a reputation for such diversity, it comes as no surprise that London will be hosting some amazing events in 2013. Here is a look at the best of what’s... More of this article »
Winter Wedding Venues
Many people don’t want to have their wedding in the winter, but those who are open to the idea tend to have many more options than those who plan weddings in the spring and summer months, simply because there is not as much competition... More of this article »
Best deals on gambling vacations
Gambling is one of the world’s favourite pastimes and the casino industry brings in billions in revenue annually. The development of online and mobile casinos such as top site http://www.mobilecasinoaustralia.com.au/ have served... More of this article »
How to Find a Mortgage Broker
Mortgage brokers are hired by individuals to help them secure a loan through a specific loan brokerage; mortgage brokers also help the individual find a loan broker that offers competitive rates. In order for an individual to contact... More of this article »
Judge Denies Request of Injunction against California Rail Project
Judge Timothy Frawley of Secramento County Superior Court denied the request from farmer in the Central Valley of California to stop the California Rail Project. The request for a preliminary injunction was denied as the judge said... More of this article »
Alabama Jobless Numbers Improve
Government officials in Alabama got early holiday gift this year as the state reported its unemployment rate to drop to 8.1 percent in October. Dallas County’s jobless figure was 14.8 percent, which improved from 15.1 percent in... More of this article »
CEO of Waffle House Accused of Sexual Harassment
Waffle House CEO Joe Rogers responded for the first time to claims of sexual harassment against him by a former employee. He issued a written statement that was distributed by his legal counsel. In the statement, Rogers acknowledged... More of this article »
Dow futures Drop Due to Weak Jobless Data
Dow futures declined due to the weaker-than-forecast jobless claims report as well as the mixed results from Wal-Mart. The Dow Jones Industrial Average futures dropped 39 points to 12,505. The S&P 500 future fell 2.3 points to... More of this article »
Pinterest Announces Accounts for Businesses
Pinterest will now allow small business and large corporations to make official accounts. This could be a move towards profitability. Pinterest appealed to designers, chefs, wedding planners and anyone who wants to collect and share... More of this article »
EU Finance Ministers Discuss Banking Sector in the Region
European finance ministers met to discuss how they can strengthen the banking sectors and manage their economies. The meeting was held in Brussels Tuesday. While they discussed issues regarding the region’s economy, they didn’t... More of this article »
United Gives Back TIF Funds to Chicago
United Continental Holdings, the parent company of United Airlines, is going to give back $5.6 million to the City of Chicago. It is the incentive money the city gave the airline when it moved its corporate headquarters at 77 W. Wacker... More of this article »
Citigroup Awards $6.65 Million to Former CEO
The board of Citigroup paid its former chief executive Vikram S. Pandit $6.65 million. He unexpectedly resigned last month. The amount was said to be part of an incentive package for his work during 2012. He will also receive his deferred... More of this article »
U.S. to be World’s Leader in Oil Production
The International Energy Association released a new prediction that say before the end of the year 2017, the U.S. would become the world’s largest producer of oil passing both Russia and Saudi Arabia in the process. The prediction... More of this article »
CEO Makes Good on Pledge to Cut Jobs if Obama Wins
While the exact amount is still unclear, Americans should expect their taxes to increase in the next few weeks. More than a dozen tax cuts are about to expire on December 31 and several new taxes are scheduled to be implemented at... More of this article »
McDonald’s Sales Drop for First Time in a Decade
McDonald’s reported a drop in its global sales figures. This was the first time it happened in almost a decade. Monthly sales in stores that were open at least 13 months dropped across the globe by 1.8 percent in October. The drop... More of this article »
Home Prices Fall in September
Home prices dropped in September after it went up for six months in a row. According to analysts, it was due to cheaper distressed sales. CoreLogic’s home price index dropped 0.3 percent compared to August. Prices were still higher... More of this article »
Suzuki Files Bankruptcy in U.S.
Suzuki announced on Tuesday that it was no longer going to sell cars in the U.S. due to dwindling auto sales. Today it announced it would file for Chapter 11 bankruptcy protection. The Japanese automaker will no longer sell cars under... More of this article »
Advice on Choosing and Using Short-term Loans
Lots of middle-class Americans use short-term lending products. Why do people apply for these loans so often? In this tough economic situation people often find themselves severely short on cash. Therefore they consider short-term... More of this article »
The Reality of Employment in the US
A couple of days before the presidential election in the United States, the Labor Department released the jobs report for October. It immediately became the hot topic in the campaign trail. There were claims that the recent employment... More of this article »
IBM Certified Technical Sales Specialist – PowerLinux v1 Certification Exam
Passing the 000-106 – Power Systems with POWER7 Common Technical Sales Skills – v1 exam required for the IBM Certified Technical Sales Specialist – PowerLinux v1 certification requires a significant amount of previous... More of this article »
Visa (NYSE: V) Taps JPMorgan Chase (NYSE: JPM) Exec For CEO Spot
Credit card giant Visa (NYSE: V) announced Wednesday that its Board of Directors has appointed the firm’s new Chief Executive Officer, turning to a seasoned banking executive to do so. The change comes at an important time for... More of this article »
Wells Fargo (NYSE: WFC) Hires New Head of Financial Institutions Mergers & Acquisitions
During weak economies, mergers and acquisitions tend to be on the rise. To that end, there is no better time then the present to equip a firm with industry veterans to seek out and execute potential deals, as they may start heating... More of this article »
LIBOR Scandal Extends from Barclays (NYSE: BCS) to UBS (NYSE: UBS) and Royal Bank of Scotland (NYSE: RBS)
The LIBOR rate fixing scandal that rocked financial markets earlier this year and cost Barclays Chief Executive Bob Diamond his job now seems to be appraoching other LIBOR market participants as well. European banks UBS (NYSE: UBS)... More of this article »
Johnson Controls Steps Away from Lender Role for A123
Johnson Controls, an auto parts manufacturer, announced that it would step away from its position as the debtor-in-possession lender during the bankruptcy procedure for battery maker A123 Systems. This was to avoid delays in the proceedings. The... More of this article »
Citigroup (NYSE: C) Leadership Going in Right Direction
Vikram Pandit, the former Chief Executive of Citigroup (NYSE: C), isn’t a bad guy. He didn’t do anything egregiously wrong while heading up the New York based bank, and few investors attack his performance personally, even... More of this article »
LIBOR Investigations Continue Beyond Barclays (NYSE: BCS)
The LIBOR scandal that rocked global financial markets this past summer has largely disappeared from the news, though the investigations continue and may soon entwine more banks. After the allegations of price fixing in the LIBOR... More of this article »
Amazon Reports Losses in Third Quarter
Amazon announced that it lost money in the third quarter, which continued its unimpressive earnings reports. But Amazon supporters were unfazed by the news. The report was released after the market closed and sent its shares to decline... More of this article »
Berlusconi Convicted for Tax Fraud
On Friday, in Milan, Italy a court convicted Silvio Berlusconi the former Premier for tax fraud. He was sentenced to 48 months behind bars. However, in Italy, court cases have to pass different appeal levels prior to the verdicts becoming... More of this article »
Wells Fargo (NYSE: WFC) Loses Overdraft Fee Arbitration Bid
Wells Fargo (NYSE: WFC), the San Francisco based banking giant, also happens to be the biggest U.S. home lender. Through their many lines of business, one source of revenue in particular has been jostled by recent regulations – overdraft... More of this article »
Citigroup (NYSE: C) Fined Over Facebook Disclosure
Citigroup (NYSE: C), the New York based banking behemoth that has faced a tumultuous four years, has been fined $2 million by Massachusetts regulators today for failing to prevent analysts from illegally leaking confidential information... More of this article »
Former Sachs Board Member Gets Two Years
The fall from grace is complete. Rajat Gupta, once a member of the board of directors of Goldman Sachs, on Wednesday was sentence to prison for two years by a federal judge for insider trading. This ends the case of the highest profile... More of this article »
Target Set to Sell Credit Card Business to TD Bank
The Target Corporation said that it reached a deal to sell its credit card business to the TD Bank Group. It ended its two year search for a buyer. The company said that the sale price was equal to the gross value of its outstanding... More of this article »
Data Theft at Barnes & Noble
On Wednesday, Barnes & Noble announced that it was the victim of data theft through tampered devices that customers used to swipe debit or credit cards in 63 stores. B&N is the largest bookseller in the U.S. and said the breach... More of this article »
Moynihan Touts Strength of Bank of America (NYSE: BAC)
By all reasonable measures, Brian Moynihan inherited a mess as Chief Executive of Bank of America (NYSE: BAC). Since taking over in January 2010 from outgoing CEO Ken Lewis, Moynihan had the unenviable task of ridding his firm of toxic... More of this article »
Goldman Sachs (NYSE: GS) Targets Private Bank Expansion in London
Earlier this year, The Goldman Sachs Group Inc. (NYSE: GS) Chief Executive Lloyd Blankfein announced the creation of a private bank-within-a-bank to serve its wealthiest customers. At the time, Blankfein went out of his way to say... More of this article »
New CEO Corbat Seeking to Right Ship at Citigroup (NYSE: C)
Following the ouster of former Citigroup (NYSE: C) Chief Executive Vikram Pandit, speculators have run wild on what the future of the bank holds, and who will lead it. Preliminary indications are that Michael Corbat is stepping up... More of this article »