J.P. Morgan Exiting Most Of London Whale Losing Trade
J.P. Morgan Chase & Co. (NYSE: JPM) was already at highs not seen in a month yesterday and now it appears as though this one is heading even higher on Wednesday. The pre-market trading…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 150A Sovereign Credit Rating Upgrade For Turkey (TUR, TKF, TKC)
CIA World FactbookThe trend of ratings agencies and sovereign debt ratings has been one of downgrade after downgrade. So when you see a sovereign rating upgraded right now amidst the global turmoil, it tends…
Germany Set to Approve Bailout Fund Purchases of Sovereign Debt
In a reversal that was bound to come sooner or later, German Chancellor Angela Merkel is reportedly ready to agree to allow the Eurozone’s European Financial Stability Fund (EFSF) and the European Stability Mechanism…
Gold Added to FDIC Proposed Capital Rules (GLD, IAU, AUY, NEM, ABX)
The Federal Deposit Insurance Corporation (FDIC) yesterday issued a notice of proposed rulemaking that revises the measurement of risk-weighted assets by incorporating the latest changes to the Basel III framework and by implementing changes…
Jamie Dimon Tries To Lead Banking Sector, But Trumped by BofA
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony. The problem is that Bank of America Corporation (NYSE: BAC) is trumping Dimon and…
Peltz & Trian Could Help Drive Lazard Back Up To $35
Lazard Ltd. (NYSE: LAZ) is not your typical sort of company that an activist investor would normally go after. in fact, Lazard itself advises companies and individuals on things like financial advisory services and…
As Greece Fades, Attention Moves To Spain, Italy, Portugal (NBG, GREK, EWP, BBVA, SAN, PT, IRE, EWI, FXE, UUP)
The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay in the Euro due…
FOMC: Let’s Twist Again?
At this week’s meeting of the Federal Open Market Committee (FOMC), there is a reasonable chance that the Fed will at least drop a strong hint that more monetary help is on the way.…
AmEx Credit Card Metrics Keep Improving
American Express Company (NYSE: AXP) is showing why its customer base is said to be the best in the credit card industry as far as credit metrics are concerned. The gains of the last…
China Returns As Net U.S. Treasury Buyer
A new report from the U.S. Treasury called the Treasury International Capital Report is showing that, at least for now, China (and other nations in total) remains a net buyer of U.S. Treasury debt. …
London Metals Exchange Moving to Hong Kong (NYX, ICE, CME)
The world’s largest base metals market is moving to the Far East. The 135-year-old London Metals Exchange (LME) has agreed to be acquired by Hong Kong Exchange & Clearing (HKEx) for $2.2 billion in…
Huntsman Back In M&A Play! Private Equity Deal Returns From Dead (HUN, APO, BAC, KKR, DD, DOW)
Huntsman Corporation (NYSE: HUN) is rumored to be back in play. If you will recall, this was the subject of a private equity buyout back during the private equity bubble and its $6.5 billion buyout…
Against The Grain: Germany Should Just Exit The Euro
Here is a fresh take on the Eurozone and the Euro for you. With all of the talk about the PIIGS and the Euro, the angle always seems to be rather Greece, Spain, Portugal and…
7 More Banks Pay Back TARP Bailout Money (TAYC, ABCB, FDEF, FFKT, LNBB, FCVA, UBMI)
The U.S. Treasury Department is that much closer to winding down the Troubled Asset Relief Program (TARP). Today came word that over the last week it has received some $245 million in proceeds from…
Credit Suisse, UBS Told to Shape Up by Central Bank (CS, UBS)
Shares of Credit Suisse Group (NYSE: CS) are getting hammered in the pre-market this morning following an unusually direct instruction from the Swiss National Bank (SNB) to expand the Credit Suisse’s “loss-absorbing capital.” UBS…