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Bank of America is investigating the deal with a South African retailer that blew a $1 billion hole through Wall Street bank earnings (BAC)

REUTERS/Robert Galbraith A handful of banks made a loan to the ex-chairman of South African retailer Steinhoff International The loan went belly-up after Steinhoff became embroiled in an accounting scandal. That cost Wall Street banks over $1 billi.....»»

Category: topSource: businessinsiderFeb 11th, 2018

Cuomo proposes plugging budget gap with more than $1 billion in taxes and fees

Gov. Andrew Cuomo called for an array of new revenues to close the state’s $4 billion budget hole on Tuesday while sketching his spending plan for the coming fiscal year. The governor asserted... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 17th, 2018

The cost of America"s war on drugs

The annual budget has ballooned to more than $51 billion annually......»»

Category: topSource: moneycentralDec 14th, 2017

Severance tax included as state budget compromise heads for vote

A severance tax is included in Pennsylvania's budget compromise bill, the Associated Press reported last night. The Republican-controlled state senate agreed to close a $2 billion hole in the budget by implementing a new tax on natural gas productio.....»»

Category: topSource: bizjournalsJul 27th, 2017

How Janice Bryant Howroyd turned a $900 loan from her mom into a billion-dollar business

Her company has made her one of the richest self-made women in America......»»

Category: topSource: moneycentralApr 20th, 2018

Banks Kick Off Q1 With Blowout Earnings: 5 Top Picks

Q1 earnings of Goldman Sachs, JPMorgan, Wells Fargo, Citigroup and Bank of America increased more than $2.5 billion on lower corporate.....»»

Category: worldSource: nytApr 19th, 2018

Japan is heading for a trade showdown with America

President Donald Trump wants to overhaul the $200 billion trade relationship with Japan. Prime Minister Shinzo Abe isn't so keen......»»

Category: topSource: cnnApr 17th, 2018

Bank of America execs tout "responsible growth" as bank hits sweet spot

For Bank of America Corp. (NYSE: BAC), it's onward and upward. The nation's second-largest bank released its first-quarter earnings results Monday morning, reporting a record net income of $6.9 billion, or 62 cents in diluted earnings per share. Fir.....»»

Category: topSource: bizjournalsApr 16th, 2018

Bank of America Strengthens Financial Indicators

Thought no one could profit from market volatility? Bank of America saw sales and trading exceed $4 billion in the quarterRelated Stocks: BAC, C, JPM, WFC, GS,.....»»

Category: smallbizSource: nytApr 16th, 2018

Analyst Spots $3.4 Billion Hole In Tesla"s Balance Sheet

When it comes to covering .....»»

Category: blogSource: zerohedgeApr 16th, 2018

Earnings Scheduled For April 16, 2018

Companies Reporting Before The Bell J B Hunt Transport Services Inc (NASDAQ: JBHT) is projected to report quarterly earnings at $1.08 per share on revenue of $1.89 billion. Bank of America Corp (NYSE: BAC) is expected to report quarterly earning.....»»

Category: earningsSource: benzingaApr 16th, 2018

Bank of America"s profit rises on higher interest rates, loan growth

The second-largest U.S. bank by assets said net income attributable to shareholders rose to $6.49 billion in the three months ended March 31 from $4.84 billion a year earlier......»»

Category: topSource: foxnewsApr 16th, 2018

Is Allegiant Air Safe? ’60 Minutes’ Probes Airline’s Safety Record

Is the budget airline the "most dangerous" in America?.....»»

Category: topSource: newsweekApr 16th, 2018

If GDP Growth Is 3% Over The Next Ten Years, The Income Tax Revenue Actually Rises By $544 Billion

This past week the Congressional Budget Office (CBO) released their budget projections for FY 2018 through FY 2028.  The budget projections include a host of assumpt.....»»

Category: blogSource: valuewalkApr 15th, 2018

America"s Future No Longer "Looks Sustainable In A Market Context": Deutsche

Earlier this week, when commenting on the latest CBO budget forecast, which now expects the US deficit will soar over 40% in 2019, and surpass $1 trillion by 2020 (in reality it may .....»»

Category: blogSource: zerohedgeApr 13th, 2018

PayPal Rolls Out Debit Cards, Check Deposits And Other Services For The "Unbanked"

Whether its Bank of America imposing a $12 fee on a popular low-budget checking account or Wells Fargo fraudulently opening fake accoun.....»»

Category: blogSource: zerohedgeApr 12th, 2018

US Budget Deficit Hits $600 Billion In 6 Months, As Spending On Interest Explodes

The US is starting to admit that it has a spending problem. According to the latest Monthl.....»»

Category: blogSource: zerohedgeApr 12th, 2018

LTCG impact: Equity MF inflow down 59% to Rs 66.57-billion in March

Finance Minister Arun Jaitley, in his budget speech, had announced LTCG tax of 10 per cent on equity gains beginning February 1, 2018 - on gains exceeding Rs 100,000.....»»

Category: topSource: business-standardApr 12th, 2018

BA-owner IAG says considering offer for Norwegian

British Airways-owner IAG has said it is considering making an offer for Norwegian, a low-cost carrier worth about $1.2 billion, in a deal which would expand its budget offerings and give it control of a struggling rival. Sonia Legg reports.....»»

Category: videoSource: reutersApr 12th, 2018

Regulators push to shrink big banks" rainy-day fund by $121 billion

America's biggest banks could have a smaller cushion to weather the next financial storm......»»

Category: topSource: moneyApr 12th, 2018