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The Federal Deposit Insurance Corporation, one of the U.S. government agencies that regulate banks, proposes easing a post-financial crisis restriction that determines how much cash big banks should set aside to safeguard derivatives trades between affiliates. More news on: Financial Sel...
The 10-year Treasury yield whooshed lower earlier today after the ECB announced a rate cut and new wave of QE. That's reversed in a big way, with the yield now higher by 5.5 basis points on the session to 1.79%. TLT -0.7% , TBT +1.4% More news on: iShares 20+ Year Treas...
For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income of $62.6B in Q2 rose 4.1% Y/Y, led by higher net interest income. More news on: SPDR S&P Regional Banking ETF, SPDR S&P Bank ETF, iShares U.S....
David Beckworth : Our guest today is Thomas Hoenig. Tom was Vice Chair of the FDIC from 2012 to 2018, and then 20 years prior to that he was president of the Kansas City Federal Reserve Bank. Tom is currently a distinguished senior fellow at the Mercatus Center at George Mason University, whe...
Mutual funds are the most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597 equity mutual funds with $2.6T of assets under management based on positions by the end of Q2. More news on: Citigroup Inc., The PNC Financial Services Group, Inc., U.S. Ba...
The Financial sector has been an overweight for some time in client accounts, and it's hurt performance for the last two years, or since Jan 1, '18. Clients' biggest financial weighting has been Schwab (SCHW) given its asset-gathering prowess (and it is our only 3rd party client custodian) a...
During the first six months of the year, European banks earned a combined US$13.3 billion worth of investment banking fees - down 14% from this time last year, which makes it the lowest first half-year level since 2016, according to analysis by Refinitiv . In the first six months of 2016, Eur...
The Federal Reserve board is considering the use of a tool that could reduce help ensure that credit is available during a downturn, the Wall Street Journal reports. More news on: Citigroup Inc., Bank of America Corporation, JPMorgan Chase & Co., Financial stocks news, News on...
The major US banks reported quarterly earnings that beat expectations, but the prospect of lower interest rates could pose a risk in the second half of the year. Monica Yeung, Global Financials Analyst, TD Asset Management, talks about the latest results and the outlook for the Read mor...
Summarizing universal and trust banks' Q2 performance (excluding Northern Trust, which reports on Wednesday), Wolfe Research analyst Steven Chubak sees 2020 consensus for most of them still too high. More news on: Wells Fargo & Company, The Goldman Sachs Group, Inc., Citigroup Inc., Fi...
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Bank of Montreal ZC SP ETN REDEEM 25/03/2039 USD 50 - BNKO Company Name:
BNKO Stock Symbol:
NASDAQ Market:
BMO Announces Redemption of Six ETNs NEW YORK , Dec. 1, 2020 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it intends to redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "...