Columns

Bumbling Bond Traders Blow It

Despite S&P's warning that it was about to downgrade the U.S. sovereign debt in August, big Wall Street bond trading desks lost money trading Treasury bonds in the third quarter.

Flat Tax Center Stage Again

FBN's Elizabeth MacDonald says a flat tax could help the U.S. economy if special interests would allow it to have a chance.

The Accounting Move That's Goosing Bank Profits

Look under the hood of bank earnings releases and you’ll see the banks are booking outsized paper gains in the third quarter from an accounting trick that’s legitimate under current rules.

Goldman, Morgan Stanley Skirting FD Rules?

How did Wall Street have a good idea that Morgan Stanley would post solid third-quarter earnings while Goldman Sachs would post its second quarterly loss since going public?

Steve Wynn Unbound

Once again, Steve Wynn didn’t hold back as he discussed the state of the U.S. economy, the President’s handling of economic issues and the Occupy Wall Street protest movement on Wynn Resorts' third-quarter earnings call with analysts.

Mayo Concedes He Dialed Wrong Number

Banking analyst Mike Mayo is now privately conceding that a wrong number was dialed last week that made it impossible for him to participate in a BofA conference call for analysts. 

Foreclosure Settlement Imminent, Bank Sources Say

Sources at Citigroup and Bank of America tell FOX Business that a potential $20 billion settlement could come as early as this week or next over improper mortgage practices and robosigning. A number of sticking points could still hang up the deal, these sources add.