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recession news from FierceFinance
NewsWhy Rastani's interview went viral
"I have a confession: I go to bed every night dreaming of a recession." So says Allessio Rastani, a day trader in the U.K. who was given 15 minutes of fame by the BBC recently. It was that kind of Read more...
Volume drought ends, but good times aren't back
Is a crash the answer to the volume recession on Wall Street? To a certain extent, the fortunes of top banks are mirrored not only by the major stock indexes, but also the volume and volatility Read more...
Stress tests for banks not so stressful?
On the surface, a lot is riding on the "stress tests" the top banks are undergoing at the behest of the Federal Reserve, which would like to make the results known sometime this month. Most assume Read more...
Bank robberies decline nationwide
Bank robberies are trending down after peaking in the midst of the recession. As of the third quarter of 2010, according to the FBI, robberies, burglaries and larceny at bank branches have declined Read more...
Feds highlight efforts to fight financial fraud
The SEC and U.S. attorneys have been active in their efforts to fight financial fraud. That has been evidenced by the twin insider trading investigations that have recentlyrocked Wall Street. To Read more...
Unintended consequence: Rising credit card rates
At a time of record low interest rates, credit card rates are bucking the trend. The average interest rate on credit cards rose to 14.7 percent last quarter, up from 13.1 percent a year ago, Read more...
Citigroup's "global bank" shtick
At Citigroup (NYSE: C), the marketing rhetoric has shifted. Instead of aspiring to be a "universal bank," it now aims to be a "global bank." CEO Vikram Pandit (Vikram Pandit news) has long held that Read more...
Warren Buffet's credit card fiasco
Credit cards (credit card news) looked like easy money not too long ago. Just look at the rates such cards carry. The notion of easy money was validated when Warren Buffet dreamed of a way to get Read more...
NYC was bailed out too
In the end, the financial crisis and recession in New York City just wasn't that bad. That's a somewhat surprising conclusion from the New York Times, given the headlines we've become accustomed to Read more...
Perils of a steep yield curve
Steep yield curves usually spell good news for banks. Borrowing at low long-term rates and lending at high short-term rates has been a winning formula historically. But these are extraordinary times, Read more...
| Press ReleasesThe Zacks Analyst Blog Highlights: D.R. Horton, Berkshire Hathaway, Masco, USG and PPG IndustriesCHICAGO, Dec. 27, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events Read more >> Saxo Bank Releases 10 Outrageous Predictions for 2012LONDON, December 16, 2011 /PRNewswire/ -- Saxo Bank has today released its annual Outrageous Predictions. Among the unlikely events predicted by the Bank are that Australia will go into recession, Read more >> Fitch Rates Hawaii's $123MM Highway Revenue Bonds 'AA'; Outlook StableNEW YORK--(BUSINESS WIRE)-- Fitch Ratings assigns an 'AA' rating to the following State of Hawaii highway revenue bonds: --$118.82 million series 2011A; --$4.735 million series 2011B. The bonds are Read more >> iEmergent Announces 2012-2016 U.S. Mortgage Volume ForecastsProvides mortgage lenders crucial data about shifting housing finance markets DES MOINES, Iowa--(BUSINESS WIRE)-- iEmergent, a Des Moines, Iowa-based market research, forecasting and advisory Read more >> Business Roundtable Statement In Support of the Joint Select Committee on Deficit ReductionWASHINGTON--(BUSINESS WIRE)-- Business Roundtable today strongly urged the Joint Select Committee on Deficit Reform to move forward on a $1.2 trillion deal which would be considered a down payment on Read more >> |
