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Zacks Analyst Blog Highlights: J. Crew Group Inc., JPMorgan Chase, Fifth Third Bancorp, U.S. Bancorp and Zions Bancorp
Nov. 28 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said removing the central bank from bank supervision and tampering with its political independence would “seriously impair” economic stability in the U.S.
Nov. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said a “strong case” can be made for keeping the central bank involved in bank supervision, and subjecting interest rate policy to congressional audits may undermine confidence in monetary policy. “There is a strong case for a continued role for the Federal Reserve in bank supervision,” the Fed Chairman said in a commentary released ...
Nov. 27 (Bloomberg) -- Banco Santander Chile and Banco de Chile rallied in Santiago trading after JPMorgan Chase & Co. said the country’s two largest lenders are on course to exceed quarterly earnings estimates.
NEW YORK (AP) -- Shares of some top finance companies are down at noon: Bank of America fell $.28 or 1.8 percent, to $15.67. Citigroup fell $.09 or 2.0 percent, to $4.09. JPMorgan Chase fell $.65 or 1.5 percent, to $41.51.
Wall Street halves huge opening losses sparked by worry over possible Dubai World default.
Nov. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said a “strong case” can be made for keeping the central bank involved in bank supervision, and subjecting interest rate policy to congressional audits may undermine confidence in monetary policy.
NEW YORK (AP) -- Shares of some top finance companies are down at 10 a.m.: Bank of America fell $.33 or 2.1 percent, to $15.62. Citigroup fell $.08 or 1.9 percent, to $4.09. JPMorgan Chase fell $.46 or 1.1 percent, to $41.70.
Nov. 27 (Bloomberg) -- Royal Bank of Scotland Group Plc was the biggest underwriter of loans to Dubai World, the state company seeking to reschedule debt, while HSBC Holdings Plc has the most at risk in the United Arab Emirates, according to JPMorgan Chase & Co.
But investors halve huge opening losses sparked by worry over possible Dubai World default.
Nov. 27 (Bloomberg) -- Royal Bank of Scotland Group Plc underwrote more loans than any institution to Dubai World, the state company seeking to reschedule debt, while HSBC Holdings Plc has the most at risk in the United Arab Emirates, according to JPMorgan Chase & Co.
Major U.S. stock indexes pointed to a drop of about 2 percent at the open on Friday as a possible debt default at a Dubai state-owned conglomerate sparked fears of renewed global financial turmoil.
Nov. 27 (Bloomberg) -- Royal Bank of Scotland Group Plc was Dubai World’s biggest loan arranger since January 2007, and HSBC Holdings Plc had the most at risk to the United Arab Emirates since the end of 2008, according to JPMorgan Chase & Co.
First Ship Lease Trust - $200 million of seven-year bonds. Via JPMorgan Chase & Co. and Jefferies. Pricing expected: Week of Nov. 30. Tenneco Inc. - filed a universal shelf registration covering both debt and stock that gives the company the ability to issue new shares and bonds in the future.
You can get a better return off the money you have at a bank. But you have to take some risk to get it.
Nov. 27 (Bloomberg) -- U.S. and emerging-market stocks slumped and commodities dropped as Dubai’s attempt to delay debt repayments unnerved investors. Treasuries and the dollar rose while credit-default swaps surged.
