- APM for distributed and cloud environments(22 Aug 2014 07:01:34)
- PRESS DIGEST- New York Times business news - Aug 22[Reuters] - The following are the top stories on the New York Times business pages. * Sears Holdings Corp, which owns Sears and Kmart stores, announced on Thursday that it lost $975 million in the first six months of the year.(22 Aug 2014 05:13:34)
- Citigroup Earning Less From Tokyo Than CEO Salary(22 Aug 2014 05:00:33)
- BofA Settles, KPMG Bank Rules, Chilton Hired: Compliance(22 Aug 2014 04:00:22)
- [$$] Citigroup Faces Curbs on Hedge-Fund Sales[at The Wall Street Journal] - Citigroup faces restrictions that will prevent it from selling investments in hedge funds and private-equity funds to wealthy clients, following a recent deal with U.S. regulators.(22 Aug 2014 03:49:07)
- [$$] BofA Exorcises Ghost of Countrywide[at The Wall Street Journal] - Bank of America can now claim the dubious honor of agreeing to the largest-ever legal settlement by a company with the government. This may finally turn the page on its mortgage mess.(22 Aug 2014 03:49:03)
- [$$] Record Bank of America Settlement Latest in Government Crusade[at The Wall Street Journal] - Bank of America agreed to pay a settlement of $16.65 billion over its mortgage lending, capping a legal odyssey that has dogged it since the depths of the financial crisis.(22 Aug 2014 03:47:28)
- [$$] Banking in a Time of Cholera(22 Aug 2014 03:46:42)
- Asian stocks higher after S&P 500 record close[AP] - Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited ...(22 Aug 2014 03:41:42)
- Asian stocks higher after S&P 500 record close[AP] - U.S. stocks were on pace for a fourth straight day of gains Thursday, putting the Standard & Poor's 500 index on track to beat its record high close set last month. Investors were encouraged by a report ...(22 Aug 2014 03:41:27)
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.