Stress Tests 2014: Can Banks Withstand Increasing Interest Rates?
Investors and analysts alike are confident the six largest United States financial institutions — JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup, Wells Fargo, Morgan Stanley, and...
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JPMorgan Finally Dumps Commodities Trading Unit After a Rough 2013
In the past year, regulators turned their attention to the large financial institutions that dominate the business of physical commodities trading. With new rules penned by Congress limiting the...
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One Equity Partners Becomes Independent of JP Morgan
On Friday, JP Morgan Chase (NYSE:JPM) announced that its private equity unit, One Equity Partners, was going to become independent. One Equity Partners is going to raise the next investment fund...
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S&P: Major European Banks Are Facing Big Risks
Standard & Poor’s lowered the credit ratings of Barclays (NYSE:BCS), Deutsche Bank (NYSE:DB), and Credit Suisse (NYSE:CS) because it says new regulations and uncertain market conditions are...
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Goldman Down in Earnings: Is More Trouble on the Horizon?
Goldman Sachs (NYSE:GS) is soon to be staring down the barrel of a new financial reform law — the “Volcker Rule,” named after former Federal Reserve Chairman Paul Volcker. The law was created in 2010...
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Are the Rules Finally Changing for Wall Street?
Source: http://www.flickr.com/photos/zieak/ “The phrase ‘too big to fail’ has entered into our everyday vocabulary,” wrote then-Chair of the President’s Economic Recovery Advisory Board and former...
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Will the Volcker Rule Finally End ‘Too Big to Fail’?
Paul Volcker; Source: http://www.flickr.com/photos/harvardethics/ On Tuesday, after more than three years of delay and intense lobbying, the U.S. Federal Reserve, the Securities and Exchange...
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New Commodity Trading Rules Good for Big Oil
The move by banking and securities regulators to ban proprietary trading at financial institutions could put an end to Wall Street’s dominance in the commodity hedging game, giving greater advantage...
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Legal Costs Keep 2013 Bank Profits From All-Time High
If any banking analysts are looking for a sign that the massive blight the financial crisis left on the financial sector’s balance sheets has passed, they need look only as far as the combined profit...
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Low Trading Revenues Hit Goldman Sachs in the Knees, Again
After a difficult and disappointing third-quarter, in which revenue fell 20 percent, Goldman Sachs (NYSE:GS) shareholders were waiting to see whether the investment bank’s powerful trading machine...
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