Fifth Third Bank joins anti-gun lobby, dumps Spike’s Tactical account, ‘find a new bank’
Representatives from Fifth Third Bank visited Spike’s Tactical, a Florida-based firearm manufacturer, last Tuesday to inform them that the bank was discreetly planning to exit the banking sector for gun-related More...
Citigroup fined $12 million over misleading user over ‘dark pool’
The Securities and Exchange Commission today entered an order finding that Citigroup Global Markets Inc. misled users of a dark pool operated by one of its affiliates. The SEC’s order found that Citigroup misled More...
Dell’s Pivotal Software Set for $600 Million IPO
Pivotal software, a division of computer giant Dell, is set for an NYSE IPO listing with 37 million Class A shares to be released, priced around $14 – $16, which should raise somewhere around the $600 million More...
Barclays, JP Morgan,Chase, Citigroup, others guilty of criminal activity, DOJ agrees to plea deal
Barclays, JPMorgan Chase, Citigroup and the Royal Bank of Scotland will collectively pay several billion dollars and plead guilty to criminal antitrust violations with the Justice Department for rigging the price More...
Massachusetts Senator Elizabeth Warren targets DOJ settlements with banks over forged documents and illegal practices
Senator Elizabeth Warren (D-Mass.) call the latest deal “settling cheap” in her letter to Attorney General Eric Holder Wednesday questioning whether a major government settlement with the nation’s More...
Moody’s cuts 15 major investment banks ratings
The ratings agency Moody’s downgraded 15 of the world’s biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face. CNBC summarized the five biggest More...
Federal Reserve loans $9 trillion to banks ‘it’s an emergency’
The Federal Reserve, America’s central bank, made $9 trillion in loans to major banks and Wall Street firms according to newly released information. Wednesday’s data revealed the loans were made through More...
