Research Analysts’ Updated EPS Estimates for September, 29th…
Liberum Capital currently has a GBX 2,030 price target on the stock. had its neutral rating reissued by analysts at J P Morgan Chase & Co.
Category Archives: Banking
After Irma, America Should Scrap the Jones Act
Another big hurricane, another temporary waiver of the Jones Act -- the 1920 law mandating that goods and passengers shipped between U.S. ports be carried in U.S.-flagged ships, constructed primarily in the U.S., owned by U.S. citizens, and crewed by them or by U.S. legal permanent residents. Circumstances did indeed demand a new stay on this dumb law -- but it would be better to get rid of it altogether, as Senator John McCain and others have argued.
Rupee Optimism Holds Despite Shock Slowdown in India Growth
The shock slowdown in India's growth has economists rushing to cut their estimates for the end of the year. Their pessimism isn't shared by currency strategists who are raising forecasts for the rupee.
Citigroup sees third-quarter markets revenue down 15 percent versus year-earlier
Citigroup Inc third-quarter total markets revenue is running about 15 percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and U.S. elections, Chief Financial Officer John Gerspach said on Monday at an investor conference. NEW YORK: Citigroup Inc third-quarter total markets revenue is running about 15 percent less than a year earlier when volatility was boosted by reactions to the Brexit vote and U.S. elections, Chief Financial Officer John Gerspach said on Monday at an investor conference.
TIMELINE-Unraveling of Wells Fargo sales scandal
Wells Fargo & Co on Aug. 31 raised the estimate of accounts opened without customers' knowledge by 1.4 million, bringing the total to about 3.5 million. The scandal over phony accounts came to light last September after the company announced a $185 million settlement with regulators to atone for the sales abuses.
LCNB Corporation (LCNB) versus Sterling Bancorp (PBNY) Financial Survey
LCNB Corporation and Sterling Bancorp are both finance companies, but which is the superior business? We will contrast the two companies based on the strength of their valuation, earnings, profitability, dividends, analyst recommendations, risk and institutional ownership. 37.9% of LCNB Corporation shares are owned by institutional investors.
Wells Fargo review finds 1.4M more suspect accounts
Nearly a year after Wells Fargo's fraudulent account scandal burst into public view, the bank said Thursday it had turned up more than a million additional accounts that customers may not have authorized. The news set off a fresh wave of criticism from those frustrated by the bank's slow pace in coming clean about its misdeeds.
Wells Fargo review finds 1.4M more unauthorized accounts
Review says 3.5M consumer and small business accounts may have been affected by sales scandal, up from 2.1M in initial 2016 estimate Wells Fargo review finds 1.4M more unauthorized accounts Review says 3.5M consumer and small business accounts may have been affected by sales scandal, up from 2.1M in initial 2016 estimate Check out this story on pressconnects.com: https://usat.ly/2wV7WLJ File photo taken in 2017 shows a Wells Fargo sign at one of the bank's branches in Philadelphia, Pa. Wells Fargo's fake accounts scandal expanded Thursday with the disclosure of roughly 1.4 million more potentially unauthorized accounts than the bank originally estimated when embarrassing episode erupted nearly a year ago.
HSBC Converts Sterling Wave From Brits Spooked by Corbyn, Brexit
HSBC Holdings Plc isn't plastering Heathrow with its "world's local bank" tagline anymore, but a Brexit-battered pound and a political swing to the left have spurred internationally minded Brits to snap up its foreign-currency accounts. Demand for HSBC Currency Accounts, which let customers hold cash in foreign currencies in the U.K., spiked 23 percent in June from the previous month, spokesman Ankit Patel said.
Congresswoman Eddie Bernice Johnson Joins Dignitaries for $16K Check…
The event will take place at 10:00 a.m., Monday, August 7, 2017, at the nonprofit's future headquarters located at 2428 Pine Street, Dallas, Texas, 75215. The 2nd Saturday CDC began in 2009 as a volunteer home improvement project.
Two staff members found dead after school building collapses in Minneapolis
Trump joined Sens. Tom Cotton, R-Ark., and Davi... A bill endorsed by President Donald Trump that would change the U.S. immigration system may harm farm labor. The bill by Republican Senators Tom Cotton of Arkansas and David P... ALLIANCE, Neb.
6 Must-Ask Questions of All Nominees for the Federal Reserve System
This week, the Trump administration's first Federal Reserve nominee, Randal Quarles, is being vetted by the U.S. Congress . Since the Great Recession, the Fed has been one of the most important institutions in helping the economy recover and getting Americans back to work.
Even with Trump warning, Mueller likely to probe finances
President Donald Trump's growing anxiety about the federal Russia probe has spilled into public view with his warning that special counsel Robert Mueller would be out of bounds if he dug into the Trump family's finances. But that's a line that Mueller seems sure to cross.
Barclays faces criminal charges; Warren seeks to toss Wells directors
Receiving Wide Coverage ... Charged: British officials have brought criminal charges against Barclays and four past executives, including former CEO John Varley, over allegedly fraudulent deals it made with Qatar to avoid a government bailout during the 2008 financial crisis. "The case marks the first time that top executives at a U.K. bank face criminal charges for their actions during the financial crisis," the Wall Street Journal noted.
Early reviews praise Megyn Kelly’s controversial interview with far-right provocateur Alex Jones
NBC anchor Megyn Kelly faced more than a week of withering backlash over her decision to interview Alex Jones, the far-right founder of Infowars.com, a site that has perpetuated conspiracy theories about 9/11 and the 2012 school shooting in Newtown, Connecticut. Kelly was uninvited as a guest at a gala hosted by relatives of the victims of the Sandy Hook elementary shooting in Connecticut, which left 20 children dead, and J.P. Morgan pulled its ads from the broadcast.
Today in the press
AIB SETTLED CITIGROUP DISPUTE OVER RUSNAK AT FRACTION OF $872m CLAIM - AIB received only a fraction of the $872 million it had sought from Citigroup when it agreed last year to settle a 12 -year case against the US bank in relation to the John Rusnak trading scandal. The Irish Times has established that the amount received by AIB under a settlement struck in January 2016 came to less than 5% of its original claim.
The Latest: VP Pence lauds officers who defended congressman
The Latest on U.S. and Central American officials meeting as President Trump signals a policy shift : Vice President Mike Pence started a speech to a Central American security conference by expressing gratitude for the Capitol police officers who defended members of Congress in a shooting that wounded several lawmakers and their aides at a baseball field outside Washington. Pence noted that he served in Congress with some of the people who came under attack Wednesday and that he is friends with Rep. Steve Scalise, who is recovering from wounds suffered in the shooting.
Trump’s OCC Chief Will Stay Away From Big Banks to Avoid Conflicts
The new acting chief of one of Washington's major banking regulators has agreed to stay away from issues involving dozens of former legal clients, including 14 banks that the agency oversees, according to his ethics agreement. Keith Noreika, who represented lenders as a private lawyer, plans to recuse himself from matters related to JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group Inc. and Citigroup Inc., firms the Office of the Comptroller of the Currency regulates. Democratic lawmakers had already questioned whether Noreika's close ties to the industry would prevent him from being an impartial watchdog.
Deutsche Bank asks for more time for U.S. query on Trump, Russia: source
Germany's largest bank has asked for more time to respond to a request from Democrats on a U.S. House of Representatives panel for details about U.S. President Donald Trump's possible ties to Russia, a person familiar with the matter said on Monday. external counsel sent a letter dated Friday June 2 to the Democrats saying it needed additional time, the source told Reuters.
Largest Indian Bank’s Profit Surges as Bad-Loan Ratio Narrows
State Bank of India , the country's largest lender by assets, more than doubled its fourth-quarter profit as its bad-loan ratio narrowed. Net income climbed to 28.1 billion rupees , or 3.55 rupees a share, in the three months ended March 31 from 12.6 billion rupees, or 1.64 rupees, a year earlier, the Mumbai-based lender said in an exchange filing on Friday.