The biggest stories from Thursday’s world of finance.
American International Group is already hitting back hard at Bank of America, and Morgan Stanley could be next on the lawsuit docket. Is a longer list of targets to be expected?
The trend toward huge penalties in mortgage-related lawsuits could spell more trouble for the big banks.
Bank of America has been slimming down after a decade-long splurge – but has it gone far enough?
Is it possible to criticize a company at the same time that you own its stock? I believe it is, and Bank of America provides a prime example.
If you’re looking for a one-stop shop for all of your financial-stock needs, the Vanguard Financials ETF may be it.
Banking is a unique business. To gain market share, all a good bank has to do is avoid failure. But as the CEO of Bank of America recently reminded us, there’s one more critical element to this story.
If you buy bank stocks, you could do a whole lot worse than New York Community Bancorp.
The long-gestating deal will be consummated next Wednesday.
The biggest stories from Friday’s world of finance.