As Republicans gather for their National Convention this week, there is a brouhaha going on over the party considering resurrecting the infamous Glass-Steagall Act. The thought of the conservative party bandying about this liberal idea has many perplexed. Many are chalking up the Glass-Steagall Act talk as political fodder during this intensely charged election year. Continue reading →
Posts Tagged With 'JP Morgan'
Bank Stress Test: $385 Billion in Losses Wouldn’t Cause Financial Collapse
Let’s say there was a severe global recession in which the unemployment rate soared five percentage points, and there was a heightened period of financial stress, and negative yields for short-term U.S. Treasury securities. Could the big banks survive? Yes. So says the Federal Reserve, which drew the conclusion for this most severe hypothetical scenario Continue reading →
Like It or Not; Brexit Referendum is Coming
You’ve likely heard about Brexit by now, and the rhetoric over it is ramping up considerably. In this piece, I’ll give you some tips about how you can play the market in the wake of the historic vote. · First, let’s go over what exactly is Brexit Brexit is an abbreviation of British exit. Continue reading →
Investors Await Latest Round of Bank Stress Test Results
Bank officials and their shareholders are holding their breaths as they wait to see how they fared under the Federal Reserve’s stress tests. They are also readying for even more stringent capital requirements that the Fed is putting in place for them for future stress tests. These measures are mainly meant to make sure that Continue reading →
Avoid Pure Plays in Banking For Now
This week, the bulk of the firms in the financial sector are wrapping up the reporting of their earnings for the first quarter. And whether it be to your dismay, surprise or pleasure, the numbers they are reporting are not as bad as what had been anticipated. Most of the big banks reported last week, Continue reading →
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