Quantcast

Daily Archives: April 23, 2009

bear36

If Banks Can Challenge Stress Tests, Are They Really Tests At All?

Posted: April 23, 2009 at 5:14 am

The purpose of the government's stress tests of the nation's 19 largest banks is to find out which will need capital. The evaluations are based on several artificial, and, perhaps, ...
Read Full Story »
bank37

Treasury Talks With Chrysler May Foul Up GM (GM) Negotiations

Posted: April 23, 2009 at 4:59 am

The Treasury has started to sweeten terms for Chrysler creditors in an attempt to keep the car company out of Chapter 11. According to The Wall Street Journal, "The Treasury ...
Read Full Story »
bank36

How Ken Lewis of B of A (BAC) Saved The Global Financial System

Posted: April 23, 2009 at 4:40 am

Ken Lewis, head of Bank of America (BAC), may be the most reviled financial executive in the United States. He bought Merrill Lynch when it was hemorrhaging money. He let ...
Read Full Story »
bank35

The Land Mine On Bank Balance Sheets

Posted: April 23, 2009 at 4:13 am

When General Growth, the big mall owner, declared bankruptcy last week, experts speculated that large banks were about to face another string of losses from commercial real estate. Bank stocks ...
Read Full Story »
water-lilies12

Apple (AAPL): Why Brands Matter

Posted: April 23, 2009 at 4:03 am

As the executives at Apple (AAPL) were passing around the Dom Perignon, their counterparts at other companies which design and manufacture smartphones were putting all sharp objects out of reach. ...
Read Full Story »
newspaper22

Media Digest 4/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 23, 2009 at 3:05 am

According to Reuters, a bill to restrict credit card charges cleared a key committee in Congress. Reuters reports that Ken Lewis of Bank of America (BAC) says his firm what ...
Read Full Story »
sunset20

Asia Markets And Europe Open 4/23/2009

Posted: April 23, 2009 at 2:23 am

Markets in Asia were mostly higher. The Nikkei was up 1.4% to 8,847. The Hang Seng was 1.5% to 15,094. The Shanghai Composite rose .1% to 2,464. At the open ...
Read Full Story »