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The WSJ earlier reported the former Fed governor as meeting yesterday with the president and the Treasury secretary to discuss the job, and prediction markets are painting Warsh as the clear...
Releasing its Bank Supervision Operating Plan for fiscal 2018, the OCC says supervisory strategies will focus first on cybersecurity and operational resiliency. What's that mean for the country's...
The Dow and S&P 500 are about flat, but the XLF, KRE, and KBE are all ahead by 1% or more as the 10-year Treasury yield jumps six basis points to 2.30%.The rise in interest rates comes as the...
Were markets expecting the Fed to back off plans to hike rates again this year? Apparently so. Yields, the dollar, and the banks have all moved higher, and gold lower since the FOMC announcement...
The election, the hoped-for rollback of D.C. oversight, and a major rally in stocks were supposed to add up to boom in bank deals, but it hasn't happened yet.According to FIG Partners, the number U.S....
It was less than two weeks ago that the 10-year Treasury yield was threatening to dip below 2%. Up another three basis points today, it currently sits at 2.23%. Appreciating the steeper yield curve...
SPDR NYSE Technology ETF (XNTK) - $0.0992. 30-Day Sec yield of 0.58%.SPDR Russell 2000 ETF (NYSEARCA:TWOK) - $0.2839. 30-Day Sec yield of 1.32%.SPDR S&P 500 Buyback ETF (NYSEARCA:SPYB) - $0.1744....
There's not a whole lot going on with the major averages this morning, but the financial sector is taking another beating, with the XLF down 1.5%. The banks are even worse - the KRE down 2.3%, and KBE...
The XLF, KRE, and KBE are all down about 1.5%, more than tripling the S&P 500's modest decline today. A ratcheting up in North Korea tensions and a Category 5 hurricane taking aim at Florida are...
The broad banking sector (KRE +2%), (KBE +1.9%) has about doubled the S&P 500's 0.95% advance today. The Financial Select SPDR ETF (XLF +1.3%).Trading volume, however - 20% below Friday's quiet...
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