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Insurers Tied to Apollo, KKR Buy Mortgages Outright in New Twist
Bloomberg via Yahoo Finance Canada· 1 day ago(Bloomberg) -- Yield-hungry insurance firms are adopting an unconventional strategy: they’re...
Grandma's $50M trust fund a fake, feds say in latest allegation against scammer awaiting sentencing
Chicago Sun-Times· 1 day agoAn admitted scammer who lived in a $5.4 million penthouse in the West Loop has returned to the fraud...
US bank executives discuss consumer outlook
Reuters via Yahoo Finance Canada· 1 day agoBANK OF AMERICA - "Consumer led the way in delivering solid organic growth with high quality accounts and engaged clients...to Q2, and it will then rise...
Oil prices slip on China demand woes; fresh US inventory data eyed
Investing.com via Yahoo Finance Canada· 1 day agoInvesting.com-- Oil prices settled lower Tuesday, as economic weakness in top importer China soured the outlook for global energy at a time when many hoping for summer-led demand slump in inventories.
Morgan Stanley's investment banking surge solidifies Wall Street dealmaking revival
Yahoo Finance· 1 day agoA 51% jump in Morgan Stanley's investment banking fees reinforced a dealmaking revival across Wall...
After Wells Fargo Slumped, Watch These Two Stocks
Baystreet· 1 day agoLast Friday, Wells Fargo (WFC), JP Morgan (JPM), and Citigroup (C) posted quarterly results. WFC stock fell the most, which increased the investor’s interest in the other ...
Goldman, Wells Fargo Join Big Banks’ Corporate Bond Sales Binge
Bloomberg· 1 day agoHave a confidential tip for our reporters? Goldman Sachs Group Inc. and Wells Fargo & Co. are...
Bank Of America’s Q2 Results Top Wall Street Forecasts
Baystreet· 1 day agoThe second largest lender in the U.S. announced earnings per share (EPS) of $0.83 U.S. versus $0.80 U.S. that had been forecast among analysts. Revenue in the quarter totaled $25.54 billion ...
Equity traders fuel US bank profits as stock markets rally
Reuters via Yahoo Finance Canada· 1 day ago"There's a significant amount of geopolitical and election uncertainty around the world, but that...
BofA profit beats expectation on robust investment banking, trading
StreetInsider· 1 day agoShares climbed more than 4% after BofA also forecast better-than-expected net interest income (NII) - the difference between what banks earn on loans and pay out on deposits - for the fourth ...
