- Costco Names Citi, Visa as Credit Partners(03 Mar 2015 00:39:38)
- Springleaf Nears Deal For Citigroup's OneMain(03 Mar 2015 00:36:55)
- Cramer Remix: I've got a problem with Buffett(03 Mar 2015 00:12:41)
- Springleaf nears $4.25 billion Deal for Citi’s OneMain(02 Mar 2015 23:46:55)
- What to expect from Costco's new deal with Visa and Citi(02 Mar 2015 23:42:20)
- Wells Fargo to cap subprime auto loans[at Fortune] - The move comes amid rising concerns of a new subprime lending bubble for cars.(02 Mar 2015 23:28:34)
- Your first trade for Tuesday, March 3(02 Mar 2015 23:19:51)
- Costco (COST) Reaches Deal with Visa (V) on Credit Cards - Stocks in the News(02 Mar 2015 23:15:11)
- Final Glance: Credit Card companies[AP] - Shares of some top credit card companies were mixed at the close of trading: American Express Co. rose $.44 or .5 percent, to $82.03. Capital One Financial Corp. rose $.44 or .6 percent, to $79.15. Discover ...(02 Mar 2015 23:08:44)
- Fast Money Final Trade: GM, CSCO, BAC & KO(02 Mar 2015 22:58:00)
The United States financial sector is the largest and most developed in the world, comprising 50% of all US profits. This industry is lead by major investment banks offering investment management, equity underwriting, and selling financial products. Other major companies offering lending, however many decline greatly during the recent housing bubble collapse.
As a result of the recent sub-prime mortgage crisis, many new regulations have been put into place to curb aggressive behaviors such as mixed risk class products, bank proprietary trading, and lending to high-risk customers. These new measures will result in lower financial sector profits, but also less risk associated too.
The US financial sector is largely based the north-eastern coast, centered in New York City’s Wall Street, housing the New York Stock Exchange and the NASDAQ stock exchange. There is also a sophisticated venture capital industry in the west coast where many high-tech and start-ups are based.