Big Bounce for Knight Capital Group at Open
Knight Capital Group Inc. (NYSE: KCG) is surging this Friday morning. The gain is based on news headlines that the trading firm has secured a line of credit and that the firm is telling…
Banking, finance, and taxes
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Newest first · Page 145Knight Capital Woes Show Up Even More In Put Options Trading
The woes for Knight Capital Group, Inc. (NYSE: KCG) are still there despite newswire headlines about ongoing talks with multiple parties which have been seen throughout this Thursday. As of 12:45 PM EST we…
Draghi’s Full Press Comments After ECB’s No Rate Cut Decision
Mario Draghi is out with his post-ECB report trying to explain the “no rate cut” action this morning — the European Central Bank left rates on hold. We signaled that Draghi may be preferring to…
Knight Confesses $440 Million Loss, Seeking Alternatives (KCG, BRK-A)
Knight Capital Group Inc. (NYSE: KCG) has some explaining to do over its trading errors on Wednesday. This created major moves in many stocks and the NYSE canceled trades in at least six stocks.…
ECB Sticks Head in Sand: No Rate Cut
The European Central Bank either knows something that the rest of us do not know, or they are in a total state of denial. If you can imagine all of the negative news that…
Bank of England Keeps Lending Rate Unchanged
The Bank of England announced on Thursday that its key lending rate would remain unchanged, and it made no changes to its planned asset purchases. The bank’s Monetary Policy Committee left the so-called bank…
FOMC Promises More Easing Measures As (if) Needed
Today’s Federal Open Market Committee decision on interest rates was never really about rates. How could it be? The reality is that Ben Bernanke and friends at the FOMC have already had short-term interest…
US Treasury Planning to Offer Floating Rate Notes, Maybe Negative Bidding
In addition to comments on the debt limit, the US Treasury said this morning that it was working on a plan to offer floating interest rate notes in about another year. In the minutes…
Knight Capital’s Fat-Finger Trading Problems
Photo by Spencer Platt/Getty ImagesKnight Capital Group (NYSE: KCG) may have just been the latest firm to create trading issues that were somewhat akin to the Flash Crash of 2010, or at least akin…
LabCorp May Be Next Huge Private Equity Buyout
Laboratory Corp. of America Holdings (NYSE: LH) may soon be private if reports (or rumors) of a private equity buyout come true. There are now multiple reports that a private equity consortium is looking to…
Small Business Lending Falters
The Thomson Reuters/PayNet Small Business Lending Index showed that small business borrowing dropped in June. The news service reported that its measure “sagged to 98.5 from 103.8 in May.” The number was the lowest…
Societe Generale Blames Profit Slump on Write-Downs
Societe Generale SA on Wednesday blamed its worse-than-expected second-quarter profit on write-downs on assets in the United States and Russia. France’s second-largest lender by market value reported that its net profit in the three…
Meredith Whitney Cautions on Utility Banks
Bloomberg TV hosted the outspoken and well-known bank analyst Meredith Whitney early Tuesday morning about the banking sector and the future trends that have to be addressed in banking and brokerage operations. She said that…
Bond Losses Mounting as DJIA Nears 13,000 Ahead of FOMC
You have been warned about bubbles forming in bonds and in dividend stocks. So when you get a report out on Gross Domestic Product that is above most expectations it should be of little…
Barclays Faces New Probe, More Lawsuits
Barclays PLC (NYSE: BCS) revealed Friday that it faces a new regulatory probe and more U.S. lawsuits. This is more bad news for the British lender as it struggles to repair the damage to…