Tumbling Credit Losses Spark Surging 3Q Profits at Bank of America
Bank of America swung to a profit from a year-earlier loss in the third quarter, beating Wall Street expectations as provisions for credit losses fell.
Report: Standard & Poor's is Luring Banks With Lofty Mortgage Ratings (Again)
A new analysis suggests ratings firm S&P may have gone back to its pre-crisis ways faster than its peers.
BofA Inks $1.65B Mortgage Settlement with MBIA
BofA will pay MBIA $1.6 billion to to settle a long legal battle over mortgage putbacks. As part of the agreement the banking giant will also glean the ability to buy 4.9% of MBIA.
Moody's Logs 1Q EPS Beat, Upgrades '13 Forecast
The ratings firm's earnings rose 8.6% as it continued to benefit from strong corporate-finance results.
BlackRock Logs 10% Jump in 1Q Net, Exceeds Estimates
The New-York based company posted a 10% jump in net income as investors increasingly turned to the money manager's higher-fee stock funds.
Nasdaq to Buy Treasury Trading Platform eSpeed From BGC For Up to $1.23B
The exchange agreed to pay $750 million in cash to acquire the eSpeed platform from BGC Partners.
Nasdaq to Buy Treasury Trading Platform eSpeed From BGC For Up to $1.23B
The exchange agreed to pay $750 million in cash to acquire the eSpeed platform from BGC Partners.
It's not just about the governor: Maine voters to also weigh $50 million in bonds Tuesday
A quick flip through a newspaper or TV channels and Maine voters may think that the only thing on the ballot next week is the combative three-way race for governor.
'Fed Fatigue' Has Set In
Markets are taking a pause from basing every move on the latest rhetoric out of the Fed regarding the timing of the first interest rate hike in nearly a decade.
Bonds Rally As Investors Continue Abandoning Stocks
Safety trade underway as 10-Year yield hits lowest level since February 2015.
Bondholders offer Puerto Rico power company $2B to boost finances, infrastructure
A group of U.S. bondholders is offering $2 billion to help boost the finances and infrastructure of Puerto Rico's power company amid fears it will go bankrupt.
Federal judge rules that Puerto Rico debt-restructuring law is unconstitutional
A federal judge ruled late Friday that a Puerto Rico debt-restructuring law that aims to protect the government from bankruptcy and make public corporations self-sufficient is unconstitutional.
US stocks open sharply lower after weak earnings, outlooks
The U.S. stock market is opening sharply lower following disappointing corporate earnings and weak economic news.
Fitch downgrades Puerto Rico's general obligation bonds, citing new debt restructuring law
Fitch Ratings has downgraded $13.4 billion worth of Puerto Rico's general obligation bonds as well as bonds issued by the island's water and sewer company.
A Growing Yen for US Treasuries; How Japan Could Influence Global Markets in 2014
As we look for the big potential stories for 2014, Japan one again comes to the forefront.
Blackstone, State Street Unveil New Loan ETF
Blackstone and State Street are teaming up to offer the first actively managed senior loan ETF for high-yield investors.
Bill Gross: Too Much Supply Relative to Demand in the Global Economy
During an interview on the FOX Business Network’s The Intelligence Report with Trish Regan, legendary bond investor Bill Gross pointed out the different facets of a lower interest rate environment.
Muni Bond Champion James Lebenthal Dies at 86
James Lebenthal, the U.S. municipal bond market's biggest champion and most eloquent spokesman, died following a heart attack at age 86, his daughter said on Friday.
Will the Fed Taper Wednesday?
The last thing the Fed wants to do is pull back its stimulus only to have to reverse course. More likely, the Fed is happy to take an extra month or two before it begins curtailing its bond purchases to ensure the slow progress in the labor market is sustainable.
S&P Cuts Netherlands' AAA Credit Rating
Standard & Poor's cut the Netherlands' credit rating on Friday, leaving just three eurozone countries with the gold standard rating.










