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Latest Headlines
Settlement chaos could hit bank mortgages practices
U.S. banks face a deadline of July 13 for submitting plans to federal regulators detailing how they will overhaul their mortgage and foreclosure practices. The problem is that the regulatory effort to compel improvement is proceeding in scattershot fashion, and it's unclear exactly what the ultima
Fear of Citi dilution to mount?
Mr. Market struck a dour note as it digests the on-going Citigroup's ( C ) TARP repayment plan and the bank's anemic secondary offering. We've noted that the dilution could be rather extreme, to the tune of 25 percent, depending of course on where the deal prices. So while the government seems t
Skepticism about bank earnings
We've seen some great earnings reports from Wells Fargo, JPMorgan Chase and Goldman Sachs. We may yet see some more upside surprises. Hope is rising for Morgan Stanley, but there is no reason to conclude that banks have turned a corner, notes Business Week . It points to the refinancing boomlet
