Sen. Bernie Sanders and Rep. Brad Sherman have introduced legislation aimed at breaking up the nation’s biggest banks and financial institutions. Here's what it means for the industry.
Read More »Owning vs. Renting: The Financial Gap Narrows
The savings incurred by homeowners on their houses are narrowing compared to renters in major metros, a report found. Here’s why.
Read More »“Transparency and Accountability”: HUD Working to Streamline Processes
On Thursday, HUD Secretary Dr. Ben Carson announced new measures to protect the financial integrity of the department. "We simply need to do better. An updated system of internal controls ...
Read More »Bank of America Posts Solid Results for Q4 2017
The bank’s pretax earnings for the year rose 17 percent as it gained market share across its businesses, but lower mortgage banking income and impact of the Tax Act decreased its noninterest income.
Read More »50% U.S. Households Won’t Have Enough Retirement Income
An index that gauges the country’s retirement risk shows that while rising home prices and stock market gains have decreased the risks associated with retirement, today’s working-age population will need to save more or work longer to retire comfortably.
Read More »Trump’s Impact on Banks
Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.
Read More »