Stock buybacks are surging, but for how long?
The pace is torrid now, but it could slow if bank stock prices keep rising and one prominent lawmaker’s proposal to restrict share repurchases gains traction. ... Read full article
News Topic: Buybacks
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Fed, FDIC court banks; Germany seeks to help its banks
The two agencies seek to end the acrimony with the companies they regulate; the government is trying to make it easier for the wounded Deutsche Bank to merge with rival Commerzbank. ... Read full article
Wells called priciest bank for students; Senate bill targets 'live' checks
A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks. ... Read full article
A comeback for stock buybacks
With their share prices slumping and growth prospects dimming, many banks are trying to appease investors by initiating buyback programs. ... Read full article
Senate Dem blasts Fed stress test results for Goldman, Morgan
The Senate Banking Committee's top Democrat singled out Morgan Stanley and Goldman Sachs, which he said "got passing grades" despite being unable to maintain minimum required capital levels. ... Read full article
Buybacks, M&A and more lending: How banks might spend their tax savings
Banks would be big winners if Congress slashes corporate tax rates and they will have no shortage of options for deploying all that extra cash. ... Read full article
Refi gambit draws flak at student loan servicer Navient
Navient has suspended stock buybacks to buy and expand a debt-refinancing firm that faces stiff competition from fintechs, and some shareholders aren’t happy. ... Read full article
PNC works capital rules to expand stock buyback
PNC will add an extra $300 million to its stock buyback program, taking advantage of a little-known Fed rule. ... Read full article