Subscribe to Money Morning get daily headlines subscribe now! Money Morning Private Briefing today's private briefing
Category

Wall Street

Wall Street

It's Earnings Season for the Big Banks – and One Is a Bottom-Fishing Buy

America's big banks just reported Q3 earnings.

Here's what their financials looked like - and which of these banking giants makes a good risk-reward play now...

Wall Street

6 of the Biggest Advertising Lies Corporations Used to Swindle U.S. Consumers

Some of the biggest advertising lies ever told made these six corporations rich.

Here's a look at six commercial untruths that cost believers big bucks...

Wall Street

The 7 Worst Wall Street Calls in the Last Decade

Some of the worst Wall Street calls over the past decade have gone unnoticed or been ignored. But investors deserve to know.

To promote transparency, we've published seven of the worst of these analyst calls.

Wall Street

The Unintended Consequences of These New SEC Rules Could Kill the Rally – or Worse

When these new SEC rules kick in next month, they won't just affect institutional investors – they could end up killing the markets.

Here's everything you need to know...

Wall Street

How the Wells Fargo Scam Pulverized Customers' Credit Scores

The massive Wells Fargo scam continues to grow in its lethality.

Now, affected investors are looking at collateral financial damage.

Here's more...

Wall Street

Why I Wasn't Surprised by Wells Fargo's Scam

By now we all know that Wells Fargo & Co., one of America's premier banking giants, got slapped with $185 million in fines to settle charges of widespread fraud.

Or was it a screw-up? Maybe management, compliance officers, risk monitors, and auditors simply failed to catch thousands of employees who happened to be engaged in a massive and likely criminal enterprise going back five years.

In fact, this was encouraged, by pervasive "trickle-down" bankster culture that puts a premium on profit above, well, everything else. Wells Fargo just managed to get caught at it. 

The truth of this isn't pretty...

Wall Street

This Is the One Place Where We Actually Need More Taxes

Wall Street opposes increased taxes on securities transactions.

But there's one market subset that needs more taxes - for the good of the economy. This is it.

Wall Street

3 Examples of Outrageous CEO Spending at the Expense of Shareholders

The more money the big wigs have, the more outrageous CEO spending habits start to become.

During the financial crash of 2008, one CEO decided it was a good time to use the company's money to buy a $1,405 trash can.

But when we did a little digging, we found out that even he wasn't the worst offender of ridiculous CEO spending...

Wall Street

How to Profit When Citigroup's $56 Trillion "Casino" Catches Fire

They say even a busted clock is right twice a day: The International Monetary Fund recently called Deutsche Bank AG the "world's riskiest financial institution."

Deutsche Bank stock is barely off 30-year lows, and it spent a great deal of this late summer frantically unloading some of its multibillion-dollar derivatives book. It's too late for Deutsche Bank, but that hasn't stopped it from trying.

Another troubled Eurozone bank, Credit Suisse Group, has been doing the same with its derivatives.

But if you thought these bad banks would have any trouble unloading their toxic "weapons of financial mass destruction," you'd be wrong.

In a breathtakingly stupid move, one American bank has been on a derivatives shopping spree, eagerly buying up these insanely risky instruments just as fast as Deutsche Bank and Credit Suisse can sell them.

Like a kind of Mayflower, full to bursting with toxic stupidity and risk, these ticking time bombs are heading across the Atlantic.

And that means there's another huge opportunity waiting for you...

Wall Street

Why This CEO Wants to Cancel Earnings Season Forever

This didn't exactly make the news, but in July, financial chieftains, including Berkshire Hathaway's Warren Buffett, BlackRock's Larry Fink, and JPMorgan Chase's Jamie Dimon, got together to talk corporate governance practices.

A noncontroversial topic, right?

Well… no. According to the Financial Times, Fidelity Investments, the $2.2 trillion asset manager, up and walked out of a Dimon-led effort to codify some best practices for American boardrooms.

So it seems some of finance's heaviest hitters are divided on the subject of good governance.

Nevertheless, the group released nine-page paper, "Commonsense Corporate Governance Principles."

And in it we have a clue as to just what it is that has these titans of finance so divided…

What's more, if these guidelines are widely adopted, investing will change, for everyone from JPMorgan on down to individual investors.

And most likely not at all for the better...