Feds To Let Pot Shops Use Banks

The federal government took a significant step Friday toward addressing the marijuana’s industry’s banking problems, issuing guidance designed to help pot shops gain access to the financial system. Joint memos from the Department of the Justice and the Treasury Department’s Financial Crimes Enforcement Network gave individual banks the discretion to transact with legal marijuana companies, which have been denied access […]

Continue reading »

Regional banks ready to rally

Investors may be able to find some big bargains while betting on smaller regional banks. Financial stocks are in the midst of a 2012 comeback, but shares of regional banks haven’t enjoyed the same surge as their larger peers. While Keefe Bruyette & Woods’ large bank index (BKX) is up more than 26% in 2012, its regional bank index (KRX) […]

Continue reading »