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BB&T: Post Dodd-Frank, Regional Banks Can Continue To Grow Only If They Build Up Scale
Tuesday, June 2, 2015 - 2:06pm | 361With Dodd-Frank regulations coming into play, banking is seeing a massive change. BB&T Corporation (NYSE: BBT) CEO Kelly King was on CNBC Tuesday to discuss how new banking regulations impact regional banks and the company’s plans for expansion. New Regulatory Compliances: A Barrier...
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Market Wrap For May 8: Tesla Helps Extend Nasdaq's Losing Streak To 3 Straight Days
Thursday, May 8, 2014 - 4:32pm | 3174U.S. stocks were mixed as the Dow finished in positive territory and the S&P 500 index turned negative after rising to within two points of its record close. The Nasdaq also turned negative towards the end of the day, declining for the third straight day. Earnings continue to come in mixed...
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Barron's Recap: A Bullish Outlook for 2014
Sunday, December 15, 2013 - 5:52pm | 730This weekend in Barron's online: a special report on the outlook for 2014. Also, the prospects for eBay, YPF, Innophos Holdings and more. Cover Story "An Upbeat View of 2014" by Vito J. Racanelli. After the crazy ride of the past six years, Wall Street analysts see things settling down to normal...
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Court Rules in Favor of Retailers on Debit Card Fee Cap
Thursday, August 1, 2013 - 11:03am | 574In a ruling viewed as a major victory for retailers, U.S. District Judge Richard Leon on Wednesday overturned a Federal Reserve rule placing a cap on debit card fees banks collect from merchants, according to The Washington Post. Retailers had complained that the Federal Reserve had set the cap...
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6 Undervalued Stocks You May Want To Consider
Friday, March 8, 2013 - 4:58pm | 589When looking for stable large cap companies that are undervalued by the market, consider these additions to help strengthen your portfolio. Metrics considered included standard valuation ratios, book value, growth patterns; all of which are supported with a combination of insider and institutional...
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Barron's Recap (9/29/12): Time to Buy Goldman
Monday, October 1, 2012 - 6:55am | 936This past weekend in Barron's online: why Goldman Sachs has held up better than its competitors, the prospects for Trinity Biotech, Steelcase and the Kraft Foods spinoff, and what it means to be a leader of philanthropic causes today. Cover Story "Built to Win" by Michael Santoli. In the...
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Barron's Recap: The World's Most Respected Companies
Monday, June 25, 2012 - 9:56am | 1065This past weekend, Barron's online covered topics including the annual ranking of the world's most respected companies, the Treasury's auctioning of the remaining TARP shares, small cap company RealD and mid cap firm Corrections Corporation of America. Cover Story "The World's Most Respected...
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William Greene: Dodd-Frank is the Wall Street Protection Act
Friday, March 16, 2012 - 8:51am | 481William Greene believes Washington is unfairly pressuring "relationship Main Street" in favor of "transactional Wall Street." He believes current regulation compliance has become so unfeasible for banks with sub-billion-dollar asset bases, that we will see a whole wave of consolidation through...
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Real Financial Regulators Love Prosecutions of Fraudulent Bank CEOs
Friday, January 6, 2012 - 2:56am | 756The New York Times published a column by its leading financial experts, Gretchen Morgenson and Louise Story, on November 22, 2011 which contains a spectacular charge against the Obama administration's financial regulatory leaders. I have waited for the rebuttal, but it is now clear that the...
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Senator McCain's Economist Warns: If you Criticize Banksters They will Prolong Recessions
Monday, November 28, 2011 - 9:11am | 3922Steven J. Davis, Senator McCain's chief economics advisor during his presidential campaign, has written a political hit piece on the man that defeated his candidate. His co-authors were Scott R. Baker and Nicholas Bloom. For the sake of brevity I will refer to the authors as “the authors” or “...
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J.P. Morgan's Earnings Were "Meh", But The Commentary is Fabulous
Thursday, October 13, 2011 - 10:27am | 887J.P. Morgan (NYSE: JPM), the New York-based investment bank, reported third quarter earnings of $1.02 per share on $24.37 billion in revenues. That is better than what Wall Street had been expecting. Wall Street expected earnings of 96 cents per share on $23.73 billion in revenues. J.P. Morgan...
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Why Wall Street Hates Obama
Friday, September 16, 2011 - 1:48pm | 514This is not the first time we've heard this either. At the CNBC Delivering Alpha conference the other day, hedge fund managers were there to give their best ideas, have some good food, network with other hedge-funders and talk about a variety of issues pertaining to the world economy. Many of...
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Dodd-Frank Act, aka The 2010 Full Employment Act for Lawyers, Accountants, and Consultants
Friday, September 9, 2011 - 10:07am | 568NEW YORK TIMES -- "Call it Dodd-Frank Inc. A year after Congress passed the broadest financial overhaul since the Great Depression, the law has spawned a host of new businesses to help Wall Street comply — and capitalize — on the hundreds of new regulations. Besides the lawyers, there are legions...
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Did Jamie Dimon Just Give The All Clear On The Banking System?
Thursday, July 14, 2011 - 9:46am | 577After Jamie Dimon went on his little tirade in early June, calling out Ben Bernanke and telling the Fed chair not to heavily regulate banks, Dimon and his team at J.P. Morgan (NYSE: JPM) delivered exceptionally strong earnings this morning. This may be the "all-clear" sign that the banking sector...
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Are Republican Senators Trying to Kill Entire Economy (Again)?
Friday, June 24, 2011 - 2:07pm | 373It was less than three years ago that the entire banking system of the world collapsed, weighed down by a series of complex and ultimately stupid and greedy investments in fancy instruments. Reluctantly, and against the wishes of the American people, the American government bailed out those sinking...