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      HomeFinancialBanks

      Banks

      FMCC Stock
      Banks

      FNMA and FMCC Stock Up 40% as More Details on Reforms Emerge

      Sep 9 Caileam Raleigh

      Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) stock are today’s biggest gainers as more details emerge from the Treasury’s reform package.

      As we reported last week, FNMA and FMCC stock sunk around 8% …

      Read

      FNMA Stock
      Banks

      Trump Reveals Fannie Mae and Freddie Mac Reforms, FNMA Stock Sinks

      Sep 6 Caileam Raleigh

      The Trump administration revealed yesterday plans to reform Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), which has sunk both FMCC and FNMA stock.

      Investors have been eagerly awaiting the unveiling of Trump’s plans …

      Read

      FMCC Stock
      Banks

      Trump Plans Freddie Mac Reforms, Boosting FMCC Stock 12.6%

      Aug 22 Caileam Raleigh

      According to reports, the US Treasury is finalizing reform plans for Freddie Mac (OTCQB:FMCC) and Fannie Mae (OTCQB:FNMA), boosting FMCC stock.

      Public Bailout

      Reports emerged on Wednesday afternoon that the US Treasury Department …

      Read

      Bank of America
      Banks

      Bank of America Raises Minimum Wage to $20 Per Hour

      Apr 10 Maria Ohle

      Bank of America (NYSE:BAC) announced yesterday that it will raise the minimum wage for employees to $20 an hour over the course of the next two years. It will also freeze health care cost increases …

      Read

      Canada Unemployment Rate
      Banks

      Canada’s Unemployment Rate Drops to Lowest Level in Decades

      Dec 7 Maria Ohle

      Good news for Canada’s workforce! Canada’s unemployment rate is at the lowest it has been in years. 5.6% low to be more precise. The news comes as the increase in job numbers in November beat …

      Read

      JPMorgan
      Banks

      Ex-JPMorgan Chase Trader Pleads Guilty for Multi-Year Metals Trade Fraud

      Nov 7 Chelsea Roh

      An ex-JPMorgan Chase (NYSE:JPM) trader has admitted to manipulating the US precious metals market for a number of years.

      JPMorgan Chase Metals Trade Fraud

      John Edmonds, 36, pleaded guilty to only one count …

      Read

      AMP Scandal
      Banks

      AMP Scandal: Caught Charging People for Life Insurance After They Died

      Sep 17 Maria Ohle

      Another AMP scandal has come to light. It’s been revealed that AMP—Australia’s largest wealth manager—charged $1.3 million in life insurance premiums to more than 4,500 deceased individuals… after they died.

      The company has …

      Read

      JP Morgan Investing App
      Banks

      JP Morgan Ready To Unveil Free New Investing App

      Aug 21 Maria Ohle

      In the busy world of retail investing, it can be difficult to attract attention. However, a new JP Morgan investing app will surely turn a few heads.

      JP Morgan Investing App

      The multinational …

      Read

      Bank of America Tops Estimates
      Banks

      Bank of America Tops Estimates, Raises Dividend by 25%

      Jul 16 Siraj Sarwar

      Bank of America’s (NYSE:BAC) strategy of enhancing its operational efficiencies and reducing its cost structure has helped it in making significant earnings growth; it has been generating substantial growth across all business segments. Bank of …

      Read

      financial sector sell-off paused
      Banks

      Financial Sector Sell-off Paused After Big Banks Raised Cash Returns

      Jun 29 Siraj Sarwar

      Although the financial sector has been lagging behind in the S&P 500 index, banking stocks continue to create value for shareholders. Several big banks, including Wells Fargo (NYSE:WFC), American Express (NYSE:AXP) and JPMorgan (NYSE:JPC), has …

      Read

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