Fixed income

The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory.

The S&P 500 Financials Index fell for the 12th straight day Tuesday amid concerns that the flattening yield curve will suppress banks' second-quarter profits.

Despite Tuesday's blip, many banks have seen double-digit gains in the months since the Dodd-Frank reform law was unveiled. There's good reason to think the run-up will continue.

James Ayers' stake in the Tennessee company will drop below 50% after a planned stock offering.

A planned stock offering by the French banking giant would lower its stake in First Hawaiian to 49.9%.

Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary.

Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.

“Sometimes Washington picks the winners for you,” said Manny Friedman, CEO of the hedge fund EJF Capital.

Acting director wants agency run by a bipartisan body, not a lone director; Fed and OCC push for relaxing the supplementary leverage ratio at the biggest banks.

Short sellers tend to go against the tide, making investments based on a belief that a stock is going to tank. These 10 banks have drawn the greatest amount of short-interest activity recently.