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Apple is teaming up with Visa, MasterCard and big banks like Bank of America, JPMorgan Chase, Citigroup and Wells Fargo for its Apple Pay service.
Rafferty Capital Markets analyst Dick Bove fears the U.S. is at risk of losing its global position if it continues its current pace of rulemaking, penalties and fines against the likes of JPMorgan, Citigroup and Bank of America.
Facing political and regulatory heat, banks exit the physical commodities business.
Average market investors need to push Congress to regulate the banks, says former FDIC Chair Sheila Bair. TheStreet's Dan Freed spoke with Bair at Fordham Law School about the importance of pushing Congress to pressure regulators to make changes to the bank industry.
Bank analyst Mike Mayo has raised questions about a tiny office that plays a critical role in a controversial $8.5 billion settlement reached by Bank of America, so TheStreet's Dan Freed visited the office to see for himself.