All Posts Tagged With: "State Street (STT)"
As earnings season proceeds in earnest, all of the big banks have reported in, and hope to receive regulatory approval to increase their dividends. That list includes Charlotte-based Bank of America (BAC). However, the biggest U.S. bank by assets may find it tough to sell regulators, and Wall Street, on the near-term prospects. Still, you [...]
As Bank Defaults Mount, Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Citigroup (C), Could Have to Pay More Into FDIC Fund
Reuters is reporting on a new proposal issued by U.S. regulators on Tuesday that would require large banks to pay more into a government fund used to cover the cost of seizing failed banks. Bank of America (BAC), JPMorgan Chase & Co (JPM) and Citigroup (C) combined would pay about $1 billion more annually in [...]