News Topic: Equity market
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Making sense of a bull market in a bear economy
The stock market has reached record highs despite rampant unemployment, recession and a global pandemic. What gives? ... Read full article
6 takeaways from the Fed’s financial stability assessment
The central bank said that while financial markets' desire for higher yields raises the potential for losses, capital and liquidity safeguards temper any concerns about a looming crash. ... Read full article
Pacific City Financial in Calif. plans IPO
The Los Angeles company, which focuses on Korean-Americans, aims to raise $50 million. ... Read full article
FIG Partners hires veteran bank analyst Kevin Fitzsimmons
Fitzsimmons, who had recently covered banks for Hovde Group, will become FIG Partners' deputy director of research. ... Read full article
Outspoken bank analyst Mayo joins Wells Fargo
Wells Fargo, which is expanding its investment banking unit, has hired Mike Mayo to oversee U.S. large-cap bank research. ... Read full article