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There are some really odd things occurring -- the eurozone naturally leads the list. Italy and Spain will contribute funds they don't have to the IMF, which then in turn will lend it back to them. That's something sillier than a Ponzi scheme. From the Telegraph: "Ministers confirmed today that, as part of a broader international effort to improve the adequacy of IMF resources, euro area Member Read More »
Evidently central banks, including our own no doubt, like a weak dollar. So with markets on edge, central banks stepped-in with rumors of intervention against the rising dollar. This led to a reversal in stocks as a weak dollar has been supportive to U.S. stocks. (This, ladies and gentlemen, is done while articulating a strong dollar policy.) But, stocks were oversold anyway so a rally was due Read More »
NEW YORK (MainStreet) -- American Express launched a prepaid debit card Tuesday in what the company claims will be a "game changing move" that brings prepaid cards into the mainstream. The card, which can hold as much as $2,500, charges no activation or maintenance fees, with the only fee being a $2 charge each time users withdraw funds from an ATM. There is also no charge to reload the card, the Read More »
NEW YORK (TheStreet) -- Technology and commodities stocks are hot this year, but the Alpine Dynamic Financial Services Fund's Peter Kovalski says beaten-down banks such as Synovus, the IntercontinentalExchange and MF Global are the best bets. The mutual fund has returned 9% this year, better than 89% of its Morningstar peers. During the past three years, the Alpine Dynamic Financial Services Fun Read More »
Washington Redskins kick returner Brandon Banks is one of two men who were injured in a stabbing outside a D.C. nightclub. Read More »
A fund manager sees the best buys since the 1950s in some U.S. stocks, even out-of-favor megacaps. Read More »
U.S. taxpayers helped the San Francisco-based bank weather the 2008 financial crisis with a $25 billion loan and $9.5 billion of debt guarantees. Read More »
Lehman, Wachovia, regulators answer for fiscal crisis. Read More »
The financial overhaul bill awaiting final action in the Senate includes a new regulator whose aim is to make sure mortgages, credit cards and other products from big banks don't abuse or confuse you. Read More »
SPDR KBW is among the ETFs that are likely to be influenced by the strong performance of regional banks. Read More »
The government has remade student-loan programs, saving the country $61 billion over 10 years. Read More »
Banks are vying with investment firms for the more than $1 trillion in so-called orphan 401(k)s. Read More »
Regional and community banks that avoided bad loans are finding themselves in the enviable position of acquirers. Read More »
JPMorgan and U.S. Bancorp have boosted deposits by more than a third by acquiring failed banks. Read More »
Bank shares have rallied and are now more expensive than the overall stock market. Here are three regional banks that beat their bigger peers in almost every way. Read More »
There are only seven Florida banks with 'recommended' status by TheStreet.com, as the state suffers from bad real-estate loans. Read More »
Three times as many U.S. banks and thrifts are undercapitalized compared to last year. Read More »
When it comes to community banks, is a passively traded ETF or a actively managed mutual fund a better fit? Read More »
The goal is to prevent a recurrence of the economic crisis that erupted in the United States and exploded last fall with devastating consequences still reverberating around the world. Read More »
Eighty-nine U.S. banks and thrifts lack required capital, according to newly released industry figures. Read More »
While big banks have become cash-strapped in this recession, community banks fuel the local economy by continuing to lend. Read More »
A larger share of banks has made it more difficult for people to obtain home mortgages over the last three months even as demand has grown, the Federal Reserve reported. Read More »
Financial funds were the top performers among industry groups, as banks reported better-than-expected results. Read More »

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