BATS Supports But Demotes CEO After IPO SNAFU
BATS Global Markets, Inc. sent out a press release last night to the media that sounds as though it is a passing of a vote of confidence. It is actually something else. BATS probably…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 160CEO Ouster At Goldman?
Pressure from the American Federation of State, County and Municipal Employees, a Goldman Sachs (NYSE: GS) shareholder, to change the investment bank’s board composition has dropped. That has not stopped senior management and the…
NY Fed President Tells Congress Europe Doesn’t Need More Fed Help
New York Federal Reserve President, and vice-chair of the FOMC, William Dudley told a House subcommittee hearing today that the US has done as much as it needs to — for now — to…
Media Digest (3/27/2012) Reuters, WSJ, NYT, FT, Bloomberg
Increasing numbers of mutual funds have performances tied to huge investments in Apple (NASDAQ: AAPL). (Reuters) Tim Cook, Apple’s CEO, is in China to address production labor problems. (Reuters) The European Union begins an…
Will Investors Turn Away From CDs Forever?
The environment of ‘exceptionally low interest rates’ may help borrowers, but it has the unintended consequences of bringing real returns to zero or even negative if you consider the impact of inflation against nominal…
BATS… When An Exchange Cannot Even IPO Its Own Stock (BATS)
BATS Global Markets, Inc. is facing the ultimate embarrassment over its initial public offering of its own exchange. While touting itself as an alternative to NASDAQ and to the NYSE. the exchange did not…
A Mortgage Relief Plan Some Cannot Afford
Reports in the press say that Bank of America (NYSE: BAC) will allow some people whose homes are in foreclosure to rent them from the bank. Under the “Mortgage to Lease” plan, homeowners would…
Bank Of America Will Test New Foreclosure Practice–
WSJ reports that Bank of America will take a new approach to handling mortgages which are about to go into foreclosure. The first test will be small. It is not certain whether the plan…
TIPS Buyers Get Negative Interest Rate
Today’s auction of $13 billion in US 10-year Treasury Inflation-Protected Securities (TIPS) went off at a yield of -0.89%, just the second time that yields have turned negative. Demand for the securities came in…
Analyst Kicks The Irish While They Are Down (IRE)
The Bank of Ireland (NYSE: IRE) is getting hit hard this morning. Today’s move is not due to new developments in the lands of the PIIGS, is not on a new development of creditor…
BATS IPO To Heat Up Public Exchange Competition (NYX, NDAQ, CBOE)
NYSE Euronext (NYSE: NYX), NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) and CBOE Holdings, Inc. (NASDAQ: CBOE) are all about to have yet one more public exchange competing against them for the attention of investors after…
Bank’s Re-capitalization Effort Ends, Stock Plunges (BTFG)
Regional bank holding company Banc Trust Financial Group Inc. (NASDAQ: BTFG) has terminated its efforts independently to recapitalize the firm. As a result, the bank is making some very ugly changes to its fourth-quarter…
Bernanke Testimony: Coordinated International Swaps With Major Central Banks
Fed Chairman Ben Bernanke is testifying before the Committee on Government Oversight and Reform at the U.S. House of Representatives in Washington, D.C. today. His FRB notes titled this one “The European Economic and…
Teva Tries NASDAQ & NYSE Exchange Hat Trick (TEVA)
This is obnoxious when companies do this. Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) is trying the hat trick where it changes exchange listings. Now the company plans to transfer the ADR listing to the…
Bernanke Worries More About EU In Testimony
Fed chief Bernanke’s worries about the eurozone financial crisis have not ended, based on comments he will make before the Committee on Government Oversight and Reform of the U.S. House of Representatives. Bernanke says that one-fifth of US…