The Julius Baer Group has announced that Bank of America (NYSE: BAC) is selling Merrill Lynch’s international wealth management business to the Swiss private banking firm for approximately 860 million Swiss francs ($884.8 million),…
The Bank of Ireland (NYSE: IRE) may be down and out and its loss may have widened, but the good news is that the last of the New York-listed Irish banks gets to live…
If you just read the E*Trade Financial Corp. (NASDAQ: ETFC) release about firing CEO Steven Freiberg, you missed the biggest point. Freiberg’s tenure highlights were a drop of 50% in the share price, a…
If you think that the higher regulation of banks and financial institutions is immaterial, it is not. Even if the banks need far more regulation than what they had been accustomed to, the projected…
The U.S. Treasury has not had the best week when it comes to Treasury debt auctions. The 30-Year $16 billion Long Bond auction was a dud. You have to consider that the 30-year ‘on…
The Carlyle Group LP (NASDAQ: CG) is set to diversify its private equity business by purchasing TCW (Trust Company of the West) from Societe Generale. Whether this is a full buyout or a majority…
Trading volumes for global derivatives and cash equities exchanges fell across the board in July on exchanges operated by NYSE Euronext (NYSE: NYX). According to company’s report, average daily volume (ADV) fell by 12%…
Online broker E*Trade Financial Corp. (NASDAQ: ETFC) this morning ousted CEO Steven Freiberg, who had been the company’s chief for just over two years, and replaced him with Frank Petrilli, the chairman of E*Trade’s…
American International Group Inc. (NYSE: AIG) has completed its third round of shares being sold by the government (ergo, the taxpayer). This third share sale went off far better than others. We even noted…
Standard Chartered PLC has been pounded in local London trading. The bank has recovered from its lows this morning but it is impossible not to notice that this was a low back to 2009.…
The Federal Reserve’s Senior Loan Officer Opinion Survey on Bank Lending Practices for July indicates that a “modest” fraction of domestic banks have made borrowing easier on most types of loans. Foreign bank branches,…
The United States Treasury has successfully unloaded more shares of American International Group, Inc. (NYSE: AIG). While the last two sales were a bit harder on the stock, AIG shares are managing to hold…
Reports were out over the weekend that Knight Capital Group Inc. (NYSE: KCG) was raising some $400 million in bailout and survival capital. The company confirmed this in an SEC filing on Monday morning,…
Photo by Spencer Platt/Getty ImagesAfter watching its share price collapse following some nasty trading errors, Knight Capital Group Inc. (NYSE: KCG) got a huge bounce this afternoon when TD Ameritrade Holding Corp. (NYSE: AMTD)…
American International Group, Inc. (NYSE: AIG) is just one more step closer to being a self-governing company without the oversight of taxpayers and the government. Still, AIG owes all of us taxpayers but it…