Tag Archives: Banks

FG Orders EFCC to Probe Banks, Others Behind Forex Malpractices

FG Orders EFCC to Probe Banks, Others Behind Forex Malpractices The Attorney General of the Federation (AGF), Abubakar Malami (SAN), has disclosed that the federal government is ready to prosecute any person suspected to have engaged in foreign exchange round-tripping, among other malpractices in the foreign exchange … Continue reading at Read more
Category: Forex

How to Trade 4 ‘Too Big to Fail’ Banks Before and After They Report Earnings

How to Trade 4 'Too Big to Fail' Banks Before and After They Report Earnings Our nation’s four largest banks, Bank of America (BAC – Get Report), Citigroup (C – Get Report), JP Morgan (JPM – Get Report) and Wells Fargo (WFC – Get Report) ended Monday down between 7.9% and 10.9% year to date. […] Read more
Category: Earnings

China cracks whip on foreign banks with forex shut-out

China cracks whip on foreign banks with forex shut-out Reuters reported on Wednesday that China’s central bank had suspended at least three foreign banks from conducting some of their foreign exchange business until the end of March. China’s past willingness to tolerate some capital flight has paved the way … Continue reading at Read more
Category: Forex

Banks Reject New York City IDs, Leaving ‘Unbanked’ on Sidelines

Banks Reject New York City IDs, Leaving 'Unbanked' on Sidelines Nearly a year ago, Mayor Bill de Blasio proclaimed that a new municipal identification card would help thousands of New Yorkers "lead fuller lives, better lives, lives full of respect and recognition." More than 670,000 people have obtained the … Continue reading at nytimes.com Read more
Category: Headlines

Deutsche Bank’s 31 Large-Cap Stocks to Buy for 2016

Deutsche Bank’s 31 Large-Cap Stocks to Buy for 2016 Which large-cap stocks are the best bang for your buck in 2016 … Airlines, and some of our specific stock picks.” Further, “companies that can reliably generate (EPS growth + dividend yields) that equal or exceed their cost of equity deserve a high … Continue reading Read more
Category: Large Cap

FED’S WILLIAMS: Central banks need to prepare for a world of permanently lower interest rates

FED’S WILLIAMS: Central banks need to prepare for a world of permanently lower interest rates BERKELEY, Calif. (Reuters) – The Federal Reserve and other global central banks need to consider new stimulus tools to deal with what may be permanently lower interest rates worldwide, a top Fed official said on Saturday. With the so-called Read more
Category: Headlines

Banks, at odds with personal finance sites, disrupt service

Banks, at odds with personal finance sites, disrupt service NEW YORK (AP) — The uneasy relationship between banks and companies that use their data to provide personal finance services has shown signs of fraying in recent months, causing some frustrating disruptions in service to people trying to track their spending. Continue reading at Read more
Category: Personal

Banks Cut Off Data to Money Management Apps

Banks Cut Off Data to Money Management Apps Bank of America Corp. (BAC) became the latest bank yesterday to cut off its information spigot for online personal finance aggregation sites, such as Mint.com. The move follows JPMorgan Chase & Co. (JPM) & Wells Fargo & Co. (WFC) who have also reevaluated … Continue reading at Read more
Category: Personal
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