Bank stocks

Is capital haul too much of a good thing for Black-run banks?


The movement encouraging investment in banks run by African American management teams gained huge momentum in recent weeks, but a spat between one of those lenders and an activist investor highlights the potential downside.


'Buying Black' spurs huge gains in Carver Bank, Urban One shares


Carver Bancorp. and Urban One Inc., two companies that serve black and underrepresented communities, more than doubled on Wednesday as traders aid trends associated with supporting black-owned businesses amid global protests against police brutality.


Fannie, Freddie hire advisers to help raise capital; Deutsche leads the pack


Fannie Mae has chosen Morgan Stanley while Freddie Mac is going with JPMorgan Chase; the bank’s overhaul plan has helped make it the best performing big-bank stock so far this year.


Bank stocks slump on Fed forecast; Quicken going public


Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.


PacWest reports 1Q loss over goodwill impairment charge


The Los Angeles regional bank recorded the $1.5 billion noncash charge after its stock price ended March below its tangible book value.


After big banks suspend stock buybacks, will regionals follow suit?


They are under less pressure from policymakers to halt repurchase plans, but some have already hit the brakes and others may unofficially do so if the pandemic worsens.


Senator urges banks to stop stock buybacks during coronavirus outbreak


Sen. Sherrod Brown of Ohio, the top Democrat on the Banking Committee, said financial institutions "need to be investing in their communities right now, not investing in their CEOs’ stock portfolios.”


Oil price plunge fans bank fears; CFPB sues Fifth Third on phony accounts


Investors worry the drop in crude prices could spark a rash of defaults; the bank denies it opened accounts without customer permission to meet sales quotas.


Consumer lenders start to feel pinch as fears of virus spread


Concerns about the economic fallout of coronavirus have mostly focused on supply chain disruptions. But fears are growing that weakening consumer demand could spark a recession.


Wells board members quit; BofA quizzing clients on virus


Elizabeth Duke and James Quigley step down from board; the bank is asking corporations to divulge their exposure and preparations as part of risk assessment.