BATS Volume Gains Despite IPO SNAFU
BATS Global Markets was the worst of the worst of botched initial public offerings in recent financial history. How bad is it when an exchange cannot adequately handle its own offering? It was a…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 156Bank Of America Readies More Job Cuts
The Wall Street Journal reported a rumor that Bank of America (NYSE: BAC) will cut as many as 2,000 jobs primarily at its investment bank and commercial units. If this happens it is another…
More Speculation About QE3
Global markets began to rally today, and the trend may continue as speculation that the Federal Reserve will start QE3 widens. The main cause of the speculation is that US GDP grew only 2.2%,…
S&P Downgrades Chesapeake Credit Ratings Over CEO Issues (CHK, CHKM)
Chesapeake Energy Corporation (NYSE: CHK) is getting put under even more fire dure to its CEO double-dipping by Aubrey McClendon. Standard & Poor’s has just downgraded the corporate credit ratings of Chesapeake and its…
Record Low 7-Year Treasury Note Yield At $29 Billion Auction
Yesterday brought on a near-record low yield for a 5-Year Treasury Notes auction. A 7-Year Treasury Note auction today managed to put in a record-low on the yield at a 7-Year auction. The $29…
Amylin Gets Carl Icahn Off Its Neck! (AMLN, IEP)
Amylin Pharmaceuticals, Inc. (AMLN) is supposed to be getting a takeover offer soon, or at least it is expected to receive or disclose several possible bids soon. Now the company has one more bit…
FOMC Alters Long-Term Targets: Rates, GDP, Inflation, Unemployment
The FOMC’s statement today is going to be clarified a bit further if you look at the comments from Ben Bernanke and friends that came out at 2 PM EST today. What is important to…
FOMC Keeps Exceptionally Low Rates Through At Least Late-2014 Stance
Ben Bernanke and friends at the FOMC have decided in a 9 to 1 vote to keep the monetary policy as is. Interest rates steady at the target 0.00% to 0.25% for overnight rates. …
Investors Seek Safety In Near-Record 5-Year Treasury Auction
The U.S. Treasury is still able to borrow at almost unbelievable interest rates. A $45 billion offering from the Treasury for a 5-year note offering actually managed to go off at what appears to…
NASDAQ Joins NYSE & CME In Paying Dividends, Finally (NDAQ, NYX, CME, CBOE, ICE)
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) is finally going to start paying out a cash dividend to its shareholders. The company announced its plans to initiate a quarterly cash dividend at a rate…
US Investors Deserting Equities? (RATE)
Even though the market for US stocks is at a four-year high, some 76% of Americans are not willing to invest more in equities. Only 18% of those surveyed by Bankrate.com (NYSE: RATE) plan…
Are Financial Firms Looking at Becoming Oil Refiners? (SU, DAL, COP, JPM)
Sunoco Inc. (NYSE: SU) has been shopping its two Pennsylvania refineries since late last summer with not a lot of interest from prospective buyers. That could be about to change. Last week we noted…
Spain’s GDP Contracted in First Quarter
Spain’s central bank, Banco de España, has issued its quarterly report on the Spanish economy, indicating that for the first time in eight quarters the country’s economy has contracted. In the fourth quarter of…
ECB Chief Blocks a European Comeback
nationsonline.orgU.S. Treasury Secretary Tim Geithner and International Monetary Fund chief Christine LaGarde almost begged European Central Bank President Mario Draghi to throw his weight behind the effort to steady the sovereign debt crisis in Europe.…
Hedge Fund Assets Rise to Record as Risk Appetite Returns
Hedge Fund Research (HFR) put out its quarterly report on assets. The data show that total investor capital allocated to hedge funds in Q1 2012 exceeded $16 billion. Because of this: otal capital invested…