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Bank of America (NYSE:BAC) Cranking Up Bonuses for Investment Bankers
Bank of America (NYSE:BAC) and Brian Moynihan has sent a clear signal to its investment banking brokers that they’re going to take care of them going forward, as bonuses are set to reach the levels they were in 2007 for Merrill... More of this article »
Editorial: Financial Crisis Theater Starring – Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), JP Morgan Chase (NYSE:JPM), and Morgan Stanley (NYSE:MS)
The next production of government sponsored financial crisis theater is set to open this week in Washington DC, and has assembled an all star ensemble cast of Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), JP Morgan Chase (NYSE:JPM),... More of this article »
Limit Leverage or Lending? “Too-Big-to-Fail” Banks J.P. Morgan Chase (NYSE: JPM), Citigroup (NYSE: C) and Bank of America (NYSE: BAC) May Face Statutory Leverage Limits as Part of Congressional Bank-Reform Bill
As part of its campaign to rein in “too-big-to-fail” banks such as J.P. Morgan Chase (JPM), Citigroup (C), and Bank of America (BAC), Republicans and Democrats in Congress are debating a provision that would cap borrowing, or leverage,... More of this article »
Former Citigroup (NYSE:C) Executive Goes to Arbitration Over Frozen Severance Pay
I was wondering how long it would take for banking executives to start going after banks over the terms agreed to in relationship to severance packages, and we may be at the beginning of a number of arbitrations and lawsuits in connection... More of this article »
Citigroup (NYSE:C) Director John Deutch Stepping Down Under Pressure
Although there will be no mention of it from Citigroup (NYSE:C) or John Deutch, the board member for the giant financial institution will not seek re-election to the board this year, as pressures to get people on the board with more... More of this article »
Your Investment Portfolio: Should Peer-to-Peer Loans Be Part Of Your Investment Strategy?
Many investors have learned how tumultuous the stock market can be over the last 24 months and are looking to add alternative investments as part of their portfolios to bring added diversification and hedge against the volatility in... More of this article »
Prosper.com News: What’s Next for Prosper Marketplace
Prosper.com was the first peer-to-peer lending company to gain any significant traction in the United States. The company, along with its primary competitor Lending Club, faced some legal hurdles with the SEC in 2008 and 2009, but... More of this article »
Opinion: Should Citigroup, Inc. (NYSE: C), Capital One (NYSE: COF) Draw Criticism for Bowl Sponsorships
An article in the Houston Chronicle tapped into the populist sentiment against major banking institutions. Among their targets were Citigroup, Inc. (C) and Capital One (COF). At issue is the sponsorship of college football bowl games,... More of this article »
New Gartner Study Predicts Peer-to-Peer Lending to Grow to $5 Billion By 2013
Prosper Marketplace, Lending Club and other peer-to-peer lending companies received encouraging news from a new Gartner study this week indicating that the peer-to-peer lending industry would grow to $5 billion worldwide during the... More of this article »
Peer-to-Peer Lending Firm Lending Club Moves Offices to Redwood City, CA
Lending Club, one of the largest peer-to-peer lending firms, has announced that it will be moving its offices this month from Sunnyvale, CA to Redwood City, CA. Lending Club’s COO John Donovan made the following statement about the... More of this article »
Will Falling Mortgage Apps and Expiring Tax Credits Cut Into Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) Lending Profits?
The Mortgage Bankers Association (MBA) announced Wednesday that mortgage applications remained near a six-month low last week as rising rates cut into what has been a robust refinancing market. Rates on the 30-year fixed mortgage... More of this article »
Is Bank of America Corp.’s (NYSE:BAC) Brian Moynihan Working on Becoming the Voice and Face of the Industry?
Listening to and reading about what Bank of America Corp.’s (NYSE:BAC) Brian Moynihan has been saying in the first few days as CEO of the banking giant makes me think he’s attempting to position himself as the voice of... More of this article »
Bank of America Corp. (NYSE:BAC) Can’t Use Media Reports in Civil Trial
Bank of America Corp. (NYSE:BAC) received a blow from U.S. District Judge Jed S. Rakoff in their civil trial with the Securities and Exchange Commission, as Rakoff granted a request from the SEC to forbid expert witnesses for Bank... More of this article »
Prosper Marketplace and People Capital Announce Partnership
Prosper Marketplace and People Capital have announced that the two companies formed a new referral partnership in which both companies will provide each other referral leads when their counterparts service might be better suited for... More of this article »
Citigroup (NYSE: C), Bank of America (NYSE: BAC) And JP Morgan (NYSE: JPM) Likely Benefactors From Expiring Corporate Debt In 2010
The year 2010 will see very large chunks of corporate debt maturing for many U.S. corporations, including several of the nations’ largest banks, such as Citigroup (NYSE: C), Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE:... More of this article »
Prosper Marketplace Class Action Lawsuit Update – January 2010
After the SEC filed a cease and desist order against Prosper Marketplace for selling unregistered securities in 2008, a class action lawsuit was filed in the State of California against the company on behalf of Prosper lenders. You... More of this article »
Would Reinstatement of Glass-Steagall Improve Banking?
I’ve been a little surprised at the support by Congress to reinstate the Glass-Steagall Act. When US Senators John McCain and Maria Cantwell introduced the legislation, it seemed it was done more to get their names out there... More of this article »
Will it be a Happy New Year for Bank of America (NYSE:BAC) and Brian Moynihan?
When you look at what Brian Moynihan inherits with his role as CEO of Bank of America (NYSE:BAC) today, you do wonder whether the recent joke made by outgoing CEO Kenneth Lewis to employees about Moynihan, saying, “another unique... More of this article »
British Banking and Why the Enemies of Capitalism Won’t Prevail
The British seem to never learn, as the declining country could get far worse as one of its key industries – banking – is under attack from the socialists rampant in the country. When taking into consideration the extraordinary... More of this article »
New Credit Card Regulations Positive for Consumers, Negative for Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and Citigroup (NYSE: C)
2008 and 2009 have been painful years for consumers with rising unemployment, high-levels of consumer debt and an increasing number of foreclosures, but the skies are clearing for consumers in 2010 as new financial protections go into... More of this article »
JP Morgan Chase (NYSE: JPM) CEO Jamie Dimon Critical of UK Tax on Executive Bonuses
JP Morgan Chase (NYSE: JPM) Chairman and CEO recently criticized a decision by the British government to impose a 50% tax on executive bonuses and called British Finance Minister Alistair Darling telling him that the bonus tax had... More of this article »
Small Banks Resisting Interference of Federal Reserve in Executive Compensation
Even though the U.S. government acknowledges the compensation given by small banks to their executives had nothing to do with the banking crisis, they continue to pursue a policy of interfering with small banks by writing up compensation... More of this article »
Alistair Not Jamie Dimon’s Darling, as Dimon Reconsiders Building European Headquarters in London’s Canary Wharf Financial District
A recent report from the London Telegraph has generated a lot of buzz and interest, as JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon evidently called British Finance Minister Alistair Darling earlier in the month to let him... More of this article »