Shares of New York Community Bancorp Inc (NYSE: NYCB) opened 40% up today after a deal with the FDIC established it as a beneficiary of the recent bank failures. Details of its deal with the FDIC On Monday, the Federal Deposit Insurance Corporation confirmed that Flagstar Bank – a subsidiary of NYCB will take over […]

Amazon.com Inc (NASDAQ: AMZN) is in focus this morning after announcing another massive round of layoffs to streamline costs. What jobs will be affected? On Monday, the tech behemoth confirmed plans of cutting another 9,000 jobs to better position for the economic uncertainty it sees in the near future. The said lay off will primarily […]

UBS Group AG (NYSE: UBS) agreed to acquire rival Credit Suisse Group AG (NYSE: CS) in what would have “seemed like a terrific deal” – had the agreement taken place a week ago, Morningstar analyst Johann Scholtz said in a note sent to Invezz. While the “position is less clear” today amid notable net outflow […]

The Nasdaq 100 index futures wavered on Monday as investors reflected on the implosion of Credit Suisse, the second-biggest Swiss banking group. The closely-watched index was trading at $12,540, which was a few points below this week’s high of $12,867.  Mike Wilson gives hope The Nasdaq 100 and other American indices have been under intense […]

Prudential (LON: PRU) share price has been among the worst-performing in the UK after the insurance company published weak results last week. The stock has slipped in the past four straight days and is trading at the lowest level since November 30th of this year. Prudential faces significant challenges Prudential published relatively weak financial results […]