WDRW News and Press, Direxion Daily Regional Banks Bear 3X Shares Direxion Shares ETF Trust From 07/03/19

The Fed left interest rates unchanged at its last meeting on June 18/19, 2019. Recent Fedspeak points to a rate reduction this time around in recognition of falling economic indicators and damage from the Trump Trade War. The start of a global trend in downwardly moving interest rates looks ...

By Justin Murray Broadly speaking, banks operate under the concept of maturity transformation. Banks take short-term - less than one year - financing vehicles, such as customer deposits, and use that to finance long-term - more than one year - returns. These returns range from the most com...

Regional banks are faring better than the megabanks as the broader markets fluctuate in a session reflecting the ever-shifting trade-war landscape. More news on: SPDR S&P Regional Banking ETF, Financial Select Sector SPDR ETF, Citigroup Inc., Financial stocks news, Stocks on the move, ...

Randal Quarles, the Federal Reserve's vice chairman for supervision, tells the Senate Banking Committee that "competition in the banking industry is as good as competition anywhere," which suggests he's not worried about the pending merger between regional banks BB&T ( BBT -1% ) and ...

A Wells Fargo bank vault (AP Photo/Jeff Chiu) Associated Press Banks eased credit standards for business loans this quarter, reversing the tightening of late 2018. That sharp increase in banks tightening credit standards was coincident with the general doom and gloom which accompanied the ...

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More US bank respondents reported to the Federal Reserve that they are seeing weaker demand for Commercial & Industrial Loans than at any time since the end of the Great "Recession." The Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) asks respondents to gauge certain ...

While Goldman Sachs ( GS -3.2% ) and Citigroup ( C -0.1% ) Q1 earnings exceeded consensus estimates, investors weren't impressed and bank stocks, in general, slumped. More news on: The Goldman Sachs Group, Inc., Citigroup Inc., Financial Select Sector SPDR ETF, Financial stocks news, S...

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In his recent memoir, Keeping At It , Paul Volcker gave me greater perspective on the trials and tribulations of leading the US Federal Reserve and pursuing public policy. That's hardly a surprise. Few public servants over the last several generations can rival Volcker's breadth of experience...