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This Day In Market History: Paul Volcker Takes Over As Fed Chair
Friday, August 6, 2021 - 9:00am | 302Read More...Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1979, Paul Volcker took over as chairman of the Federal Reserve. Where The Market Was: The Dow Jones Industrial Average closed at 848.55 and the S&P 500 traded...
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What's The Volcker Rule, And Why Are Banks Celebrating The Fed's Proposed Changes?
Thursday, May 31, 2018 - 10:21am | 447Read More...The Federal Reserve proposed Wednesday to begin loosening the Volcker Rule, a key safeguard against a repeat of the 2008 financial crisis. The rule prohibits banks with federally backed deposit insurance from making speculative market bets, conducting proprietary trading and investing in hedge...
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Dodd-Frank On The Chopping Block: Why Were Provisions Introduced And Why Are They Getting Cut?
Friday, February 3, 2017 - 4:51pm | 1021Read More...The Dodd-Frank Act has earned the disdain of the Republicans ever since it was enacted. The collective opposition to the regulation was exemplified in President Donald Trump's statement that said the Dodd-Frank Act is a disaster. The president said he soon plans to do a "big number" on the 2010...
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15 Things We'll Miss About The Obama Administration
Thursday, January 19, 2017 - 12:56pm | 537Read More...Barack Obama, the 44th president of the United States, will hand over the reins to Donald Trump on Friday. 15 Things We'll Miss Though one may not entirely agree with all the policies of Obama, here are the few things we’ll miss about the Obama administration: Obama entered office during the...
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Big Banks Become Big Defenders Of Dodd-Frank
Thursday, December 8, 2016 - 12:02pm | 416Read More...President-elect Donald Trump hinted during the campaign trail that he may repeal or roll-back the Dodd-Frank Wall Street Reform and Consumer Protection Act. This fact helped boost financial stocks higher, even though it remains unclear what actions Trump will take once he assumes control of the...
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Federal Reserve Gives Final Time-Extension For Banks To Conform To The Volcker Rule
Friday, July 8, 2016 - 11:02am | 264Read More...The U.S. Federal Reserve announced on Thursday that its Board of Governors extended the deadline for financial institutions to comply with the Volcker Rule until July 21, 2017. The Volcker Rule is a section of the Dodd–Frank Wall Street Reform and Consumer Protection Act that restricts U.S. banks...
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Market Wrap For January 9: All Eyes on Tomorrow's Job Report
Thursday, January 9, 2014 - 5:43pm | 2416Read More...Markets were relatively calm during Thursday's trading session as investors anticipate Friday's jobs report. The December employment report is expected to show about 200,000 payroll jobs representing a steady growth and a clear sign that labor market and economy are both strong. Related:...
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Barron's Recap: A Bullish Outlook for 2014
Sunday, December 15, 2013 - 5:52pm | 730Read More...This 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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Goldman Sachs And Other Top Financial Stock Picks For 2014 From Credit Suisse
Sunday, December 15, 2013 - 10:47am | 870Read More...Among the financial stocks that analysts at Credit Suisse expect to flourish in the coming year are private equity firms Apollo Global Management (NYSE: APO) and Blackstone Group (NYSE: BX), as well as investment broker giant Goldman Sachs Group (NYSE: GS) and asset manager State Street (NYSE: STT...
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#PreMarket Primer for December 11: US Government Takes First Steps Towards Budget Deal
Wednesday, December 11, 2013 - 7:43am | 1574Read More...On Tuesday, US policymakers announced a bipartisan budget deal that could avoid another government shutdown in January when a new budget must be decided. The agreement softens the end of the year sequester by providing some federal agencies and discretionary programs a $63 billion cushion over...
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Market Wrap For December 5: Market Participants Anxiously Await Tomorrow's Employment Report
Thursday, December 5, 2013 - 6:00pm | 2246Read More...Stock futures pointed to a lower open following premarket data revealing that the U.S. economy and job market are improving faster and stronger than expected. Selling began at the bell and continued for the entire day as major indices failed to hold on to any rallying gains. Investors and...
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S&P Takes the Axe To Banks; Shares Drop (CS, DB, BCS)
Wednesday, July 3, 2013 - 8:26am | 651Read More...S&P cut the debt ratings of three of Europe's largest banks late Tuesday as new rules and "uncertain market conditions" threaten business across the continent. Barclays (NYSE: BCS), Credit Suisse (NYSE: CS), and Deutsche Bank (NYSE: DB) all had their credit ratings cut one notch. Downgrades...
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More Pain at JPM: Trading Loss Doubles, Implications for Others
Tuesday, June 5, 2012 - 9:20am | 416Read More...The trading loss in JP Morgan Chase's (NYSE: JPM) Chief Investment Office continues to grow, as credit conditions around the world deteriorated further after reporting a massive trading loss on May 10. Chief Executive Jamie Dimon at the time said that the losses were tied to credit derivatives the...
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Bloomberg: The Fight Over Volcker Rule Shifting in Wall Street's Favor
Monday, March 26, 2012 - 2:00pm | 452Read More...According to a new Bloomberg article, a massive lobbying effort by Wall Street firms such as Goldman Sachs (NYSE: GS), J.P. Morgan Chase (NYSE: JPM), and Credit Suisse (NYSE: CS) has made an impact on lawmakers' plans for the Volcker rule. The legislation is designed to curb speculation by Wall...
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J.P. Morgan's Earnings Were "Meh", But The Commentary is Fabulous
Thursday, October 13, 2011 - 10:27am | 887Read More...J.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...













