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Public Blockchains have Major Flaws But it Doesnt Matter yet

Without pretending to know what goes on in the mind of Vitalik Buterin the Co-founder of Etherium who at age 25 is doing a replay of what Thomas Edison did at Menlo Park in 1876. Edison was disrupting electric power generation at 29 just as Buterin is disrupting the way we keep track of our […]

What Will Happen To Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) In Trump Era?

The Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) landed into crisis era with Freddie Mac or Federal Home Loan Mortgage Corporation (FHLMC) and since then everything changed for the politicians and investors. Everyone is hoping for the solution from the newly elected President, Trump, as he would pick up the Treasury secretary soon. The investors […]

Investors Of Bank of America Corp (NYSE:BAC) Seeks To Have A Vote That Will Bring Broader Changes

Bank of America Corp (NYSE:BAC)’s vote expected to take place on the Sept. 22 has been embraced by a majority of investors with a high expectation of changes in various items. The central issue that several large shareholders are persuasive to have changes on is the Company’s Management whereby Brian Moynihan has combined roles of […]

National Bank of Greece (ADR) (NYSE:NBG) Meets First IMF Deadline With the Second Payment Due Soon

National Bank of Greece (ADR) (NYSE:NBG) has started its decline once again, after a promising rise after it met with its IMF obligations. The rise was further supported by extended assistance from the ECB. The bank is the largest lender in the country, as per assets. The decline came amid the Euro group meetings, to […]

Bank of America Corp (NYSE:BAC) Plans To Vote For Restructuring Senior Leadership Team

The leading financial institution Bank of America Corp (NYSE:BAC) is planning to make some changes to its senior leadership team. As per the reports, the institution looks forward to arranging a voting on the change made in October in relation with allowing Brian Moynihan, CEO, Bank of America to also act as its Chairman. The […]

Citigroup Inc. (NYSE:C) Fined $16 Million For Overcharging Accounts Awaiting Q3 Earnings Report

Boston, MA 10/13/2014 (wallstreetpr) – Citigroup Inc. (NYSE:C) has reached an agreement with the attorneys general office in New York for the payment of $16 million as compensation, for a number of investments accounts it had overcharged. The overcharging claims trace back to 2012 on a number of claims that had been raised in Westchester […]

Sterling Bancorp (NYSE:STL) Prepares To Drill The Last Well in Barents Sea

Boston, MA 10/10/2014 (wallstreetpr) – According to reports, Sterling Bancorp (NYSE:STL) is looking forward to finishing the drilling process of its last well in Barents Sea. With the last well, here comes the disappointing year to an end. ST is the largest energy company of Norway, but year 2013-14 has not been up to the […]

UBS AG (NYSE:UBS) Money Laundering Allegations Could Trigger $6.3 Billion Penalty

Boston, MA 10/08/2014 (wallstreetpr) – Switzerland largest bank by asset UBS AG (NYSE:UBS) is under probe in France on allegations it aided wealthy French Nationals in evading paying taxes. If found guilty, the bank could incur a penalty of up to $6.3 billion. The bank has already been forced to hand over details of about 100 […]

Cliffs Natural Resources Inc. (NYSE:CLF) Underperformance Prompts Downgrade

Boston, MA 10/06/2014 (wallstreetpr) – A series of poor performances by Cliffs Natural Resources Inc. (NYSE:CLF) that had gone unnoticed has finally caught the attention of research firms on Wall Street. A research finding by Nomura clearly shows that just like other players in the space the company is struggling due to a decline in prices […]

McGraw Hill Financial Inc (NYSE:MHFI)’s S&P Investigated By New York Attorney General Over Mortgage Bonds

Boston, MA 10/06/2014 (wallstreetpr) – According to reports, New York Attorney General is investigating Standard and Poor’s of McGraw Hill Financial Inc (NYSE:MHFI) over mortgage bonds issue. As per the information provided by two people close to this matter, NYAG wants to find out whether S&P failed to practice commercial-mortgage rating methodology in a right way […]

Will Janus Capital Group Inc (NYSE:JNS) Really Benefit From Bill Gross’s Appointment To Boost Bond Investments?

Boston, MA 10/06/2014 (wallstreetpr) –  There are doubts in some circles about bond king Bill Gross’s ability to lift the performance of Janus Capital Group Inc (NYSE:JNS) in bond investments. A week after he moved to the company following his leaving Pacific Investment Management Company or PIMCO in the lurch, analyst started to believe that […]

Corning Incorporated (NYSE:GLW) Strikes Amended Credit Agreement With Financial Institutions

Boston, MA 10/06/2014 (wallstreetpr) – Corning Incorporated (NYSE:GLW) disclosed that it struck an amended and restated credit deal with the financial institutions. As a result, it would be in a position to have $200 million worth of credit in different currencies like, Dollars, Yen, Sterling and Euros. The latest agreement replaced its earlier deal struck in […]

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