Banking roundup
BankUnited earns $37.6M in Q2 After acquiring the assets of the failed BankUnited FSB, which had lost the most money of any Florida bank over the past year, the new BankUnited became the most profitable bank in South Florida, with $37.6 million in earnings during its abbreviated second quarter. feeds.bizjournals.com |
Smith, Brown plead guilty, resign
Missouri Sen. Jeff Smith and Rep. Steve Brown both pleaded guilty this afternoon to federal charges related to an investigation of Smith's unsuccessful 2004 bid for U.S. Congress. feeds.bizjournals.com |
Dotcom suit against banks ends in anti-climax (at FT.com)
A sweeping class-action lawsuit brought against some of Wall Street's leading investment banks in the wake of the dotcom bust ended in anti-climax on Tuesday, after a US judge approved a settlement that will cover only 1 cent for each dollar of losses investors suffered. us.rd.yahoo.com |
AGA Medical shares stall at lower IPO price (AP)
Shares of heart device maker AGA Medical Holdings Inc. held steady at the company's reduced IPO price Wednesday, as the broader market gained ground on better-than-expected profit reports from banks. us.rd.yahoo.com |
TradingMarkets 7 Stocks You Need to Know for Tuesday (TradingMarkets.com)
After a wild roller coaster trading session, the market closed in positive territory on Monday. Iconic American clothier, Polo Ralph Lauren is expecting to report second quarter earnings before the open on Tuesday. us.rd.yahoo.com |