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Posts related to ‘Banking’

Bracing For The Euro Without Greece… Other PIIGS Too (EWG, EWQ, FXE, EWI, IRE, IRL, NBG, GREK, EWP, STD, BBVA, VGK, FEZ)

Posted: May 23, 2012 at 12:20 pm

So much for any great help from the ECB, France, Germany, and any other entity being able to help the Euro stay together.  Rumors have been out that nations have ...
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Facebook Deathwatch: Shares Rise on Lawsuits, Investigations, Short Sellers

Posted: May 23, 2012 at 11:52 am

After tumbling about -26% in its first three days of trading, stock in Facebook Inc. (NASDAQ: FB) is up more than 3% just before noon today even as shareholder lawsuits ...
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Getting Ready For Large Blackrock Share Supply (BLK, BCS)

Posted: May 22, 2012 at 12:12 pm

Blackrock, Inc. (NYSE: BLK) is about to get a huge amount of shares dumped onto the stock market.  Barclays (NYSE: BCS) is set to unload a stake of about 19.6% ...
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Top Jamaican Bank Coming Public on NYSE (NCJ)

Posted: May 21, 2012 at 5:27 pm

National Commercial Bank Jamaica Limited has filed for an initial public offering of its American depositary shares, or ADSs. The bank and some selling shareholders are both filing to sell ...
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Wells Fargo Becomes Safest Bank In America, Book Values De Damned (JPM, WFC, BAC, C)

Posted: May 21, 2012 at 3:23 pm

Wells Fargo & Company (NYSE: WFC) has replaced J.P. Morgan Chase & Co. (NYSE: JPM) as the safest bank in America.  This did not happen overnight and it is not ...
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Are Bank Guarantees Coming For Europe? (NBG, IRE, STD, BBVA, DB, BCS, UBS)

Posted: May 21, 2012 at 2:30 pm

It is never a good thing to see a run on the banks.  That is what the fears were recently indicating in Greece.  The problem is that Spain is a ...
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JPMorgan to Suspend $15 Billion Share Buyback Program

Posted: May 21, 2012 at 10:30 am

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE: JPM) told an investor’s conference this morning that the bank would suspend its share buyback program as the company pays down ...
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Which of Europe’s Big Banks Gets Saved?

Posted: May 21, 2012 at 6:40 am

One of the proposals to salvage the financial fortunes of Europe’s weakest nations is to fund their largest banks. The theory goes that each of these nations has a troubled bank system that ...
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Jamie Dimon’s Useless Congressional Appearance

Posted: May 18, 2012 at 6:25 am

The Senate Banking Committee soon will examine and cross-examine JP Morgan (NYSE: JPM) CEO Jamie Dimon. It will be a chance for politicians to say how irresponsible large financial firms are, how they ...
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Fixed-rate Mortgages Continue to Post New Lows

Posted: May 17, 2012 at 11:04 am

The interest rate on a 30-year fixed-rate mortgage fell to an all-time low of 3.79% last week according to Freddie Mac. The previous record low was 3.83% set in last ...
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St. Louis Fed President Bullard Wants to Keep Genie of Inflation in the Bottle

Posted: May 16, 2012 at 1:58 pm

In a presentation today, St. Louis Federal Reserve Bank President James Bullard that further monetary actions by the Fed’s FOMC had been placed on “pause” as a result of the ...
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J.P. Morgan Firing The London Whale

Posted: May 16, 2012 at 1:35 pm

J.P. Morgan Chase & Co. (NYSE: JPM) has already sent its long-time Chief Investment Officer named Ina Drew packing after the $2 billion loss that surfaced last week.  The damage ...
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Debt Weighs on A Third of Small Business Owners

Posted: May 16, 2012 at 12:48 pm

More than a third of small business owners say that their debt burden is either “somewhat” or “very” uncomfortable in the latest Wells Fargo/Gallup small business survey. Of the rest, ...
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ECB ‘Actions’ & Threat Of Run On The Banks (NBG, GREK, CCH, IRE, STD, BBVA)

Posted: May 16, 2012 at 11:43 am

The European Central Bank is said to be freezing assets or considering freezing assets or halting monetary policy operations to some banks in Greece as the Greeks consider an exit ...
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GE Finally Starts Getting GE Capital Dividends Again, Plus $4.5 Billion Special Dividend

Posted: May 16, 2012 at 9:25 am

General Electric Company (NYSE: GE) is now going to be much further to being back on track in its GE Capital unit.  After having promised a return to dividend after ...
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