RBS Restructuring: The Good, the Bad, the Costly
Thirty-eight billion pounds ($60.8 billion) of high-risk assets are being siphoned out of the Royal Bank of Scotland (NYSE: RBS) and will be placed in an internal “bad bank.” CEO Ross McEwan set the...
View ArticleHow Is JPMorgan Walking Away with a $13B Settlement and a Steal?
Wrongs were finally righted Tuesday when JPMorgan Chase (NYSE:JPM) agreed to pay a settlement of $13 billion – a record figure for a single company that will help the government claim that justice was...
View ArticleAnalysts: Retailers Won’t Suffer Sales Slip Despite Snow
It has been a snowy couple of days for consumers residing in the Northeast and Midwest regions, but luckily, analysts report that despite the ice, holiday retail sales still aren’t forecasted to...
View ArticleZuckerberg Tops 2013 Charitable Giving
The past five years — those that followed the 2008 financial crisis — saw a massive upheaval in terms of wealth distribution in the United States. While the figure that jumped out of Oxfam’s 2014...
View ArticleHere’s Why Barclays Has Drawn the Ire of Investors
Source: http://www.flickr.com/photos/alwyn_ladell/ Barclays (NYSE:BCS) — like many other large banks — still bears the scars of the financial crisis; litigation and regulatory charge are ongoing, with...
View ArticleStress Tests 2014: Can Banks Withstand Increasing Interest Rates?
Investors and analysts alike are confident the six largest United States financial institutions — JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup, Wells Fargo, Morgan Stanley, and...
View ArticleMarc Faber Is Predicting Another Crisis — Is He Right?
Source: https://www.flickr.com/photos/87680439@N07/ Famed investor Marc Faber — author of the Doom, Boom, and Gloom report — recently told CNBC that he believes that we could be setting up for a...
View ArticleWhat Kind of President Would Jeb Bush Be?
Source: Andy Jacobsohn/Getty Images When a candidate announces the intention to run for president he (and perhaps soon she) immediately becomes a moving target for the media; and it is only natural...
View ArticleHow the Economy Can Hurt Your Mental Health
Source: Thinkstock Money problems got you down? You’re not alone. The Great Recession of 2008 was linked to a significant increase in major depression in U.S. adults, researchers at Loyola University...
View ArticleWhy is Wall Street Demanding Billions From Taxpayers?
Spencer Platt/Getty Images News There’s still considerable residual anger left from the 2008 financial crisis and subsequent recession, and in hearty supply. Many middle class Americans are still...
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