Oaktree Debuts as Double-Busted IPO (OAK)
Oaktree Capital Group, LLC (NYSE: OAK) is looking to be an initial public offering which went from bad to worse. Let’s call is a double-busted IPO. The initial public offering price was $43.00 per…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 158Credit Card, Mortgage Lending Returning to Sub-prime Market (COF, GM, HBC, JPM)
Borrowers with less-than-perfect credit are being courted once more by lenders trying to bolster their loan portfolios to make up for the loss of fee income from new regulations. The lost fees can be…
Moody’s Warns of Bank Downgrades in Puerto Rico (STD, BBVA, BPOP)
More debt downgrade warnings are looming on the horizon. This time for Puerto Rico, a nation which many consider the unspoken fifty-first state in America. Moody’s Investors Service has now placed certain ratings of…
A Possible Sale of Travelzoo… At The Lows (TZOO, EXPE, PCLN, OWW)
Travelzoo Inc. (NASDAQ: TZOO) is up for sale. At least that is what Reuters is reporting with a ‘citing sources’ of those familiar with the situation. The Internet travel information and booking site offers…
China Trade Forecast Could Be Lowered
The International Monetary Fund (IMF) is considering lowering its estimate of future Chinese trade surpluses in the next World Economic Outlook due later this month. The IMF’s current forecast could be lowered to 5%,…
Monster Recovery for National Bank of Greece (NBG, EWP, EWI)
National Bank of Greece SA (NYSE: NBG) is not just up this Tuesday. It is up huge on a day where most investors would have assumed it would have been down. While many Euro-nation…
Big Banks Still At Big Discounts To Book Value Before Earnings (BAC, BK, C, GS, JPM, MS, NTRS, STT, STI, USB, WFC)
This week will be the start of earnings season as we get to start reviewing some key earnings for first quarter of 2012. The banking sector is going to be of particular interest since…
Great Wolf Bidding Gets a Boost (WOLF, APO)
Pretty much as expected, the bidding for Great Wolf Resorts Inc. (NASDAQ: WOLF) is heating up. Last week the company got an offer from K-9 Acquisition Inc., an affiliate of Apollo Global Management LLC…
Facebook Opts For NASDAQ IPO & Listing Over NYSE (FB, NDAQ, NYX)
CNBC has reported that Facebook is choosing to list on the NASDAQ rather than on the NYSE. The move seems a better fit considering the history of technology and internet companies through time. We…
Private Equity Firms in Water Fight (APO, WOLF)
In mid-March, private equity giant Apollo Global Management LLC (NYSE: APO) offered to acquire Great Wolf Resorts Inc. (NASDAQ: WOLF), owner of 11 water parks and resorts, for $5/share and the assumption of Great…
Bank of England Stands By Interest Rates & Asset Purchases
The Bank of England has voted to decide to leave its key short-term lending rate unchanged at 0.5%. The move was widely expected to remain unchanged, and it also follows a similar action announced…
Hitachi Bids Farewell to NYSE (HIT)
Japanese conglomerate Hitachi Ltd. (NYSE: HIT) has announced that it plans to de-list the company’s ADS on the New York Stock Exchange. The company will file for the voluntary de-listing on April 15th and…
Jamie Dimon Remains Vocal In His Annual Letter To Shareholders (JPM)
If you can count on one banking CEO to be outspoken, chances are high that it is Jamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM). In his annual letter to shareholders, Dimon…
Euro Bank Bashing Comes Back With Force (BCS, DB, STD, BBVA, IRE, NBG)
European banks are taking it right on the chin, or maybe the chin and the nose. The reports of a bad Spanish debt auction managed to push up borrowing costs again and it only…
Fitch Booted from Credit Suisse Bond Rating (CS, MHP, MET)
Ratings agency Fitch Ratings didn’t like what it saw on a residential mortgage backed securities bond from Credit Suisse Group (NYSE: CS) and it said so. That led the bank to drop the agency’s…