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On Wall Street, Thomson Reuters vs. Bloomberg

There was a day when the Bloomberg wasn't the primary vendor of financial news and analytics on Wall Street. I remember back when it was a start up, squaring off against the likes of companies like... Read more...

Wells Fargo earns praise from pundit

Well, the PR guys can't take credit for this one. But you could definitely call it earned media. Fortune pundit Adam Lashinsky writes that he is a "loyal Wells Fargo banking customer."... Read more...

NASDAQ senses opportunity for NYSE stocks

At the top of Duncan Niederauer's to-do list: Do something about market share for Big Board-listed stocks. It's no secret that the NASDAQ has been chipping away at its share. The NASDAQ's latest move... Read more...

Will John Thain become CEO of Citigroup?

The Financial Times reports that Robert Rubin is telling people that the next CEO of Citigroup will have a free hand when it comes to setting Citigroup's strategy. Rubin had previously indicated... Read more...

SPOTLIGHT: NYSE's Hybrid System

Is the legacy of John Thain in trouble already? Well, the vaunted hybrid system has doen nothing to arrest the loss of market share in exchange-listed stocks. No wonder the Big Board is so keen to... Read more...

More on private securities trading

We've been following the rise of trading platforms for unregistered securities and have become convinced that this will rival the ECN market in terms of significance. How else to explain the many new... Read more...

SunTrust move indicative of more bank job cuts?

As a way to get its expense structure streamlined, SunTrust's move to slash about 2,400 jobs, about 10 percent of the total, is not surprising at all. In fact, some would say it has come too late.... Read more...

Nasdaq vs. NYSE, another round

The Nasdaq vs. NYSE battle on the domestic front is raging. The Nasdaq hasn't been shy about some recent milestones. According to Financial News Online, the exchange's market share hit 20... Read more...

Bank of America following JPMorgan mold?

Bank of America's earnings will be in the news today. The early take is that it seems to be following the template of sorts set by JPMorgan earlier. (See the previous item.) For one thing,... Read more...

Texas-style banking coming of age

Texas has emerged as a must-own destination for top banks:... Read more...