Banking, finance, and taxes

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Freescale Files IPO Paperwork

Freescale Semiconductor Holdings I, Ltd. has just filed to come public in yet another large private equity re-IPO.  The company filing is for up to $1.15 billion in common shares to be sold.  While…

Jon C. Ogg · 16 years ago

News Corp. Raises $2.5 billion in 10 & 30 Year Debt (NWS)

News Corporation (NASDAQ: NWS) managed to do something rather impressive considering the  state of the media in the aftermath of the recession.  Rupert Murdoch and friends raised close to $2.5 billion today via long-term…

Jon C. Ogg · 16 years ago

Irish Bank Caught by NYSE Listing Rules Game (AIB, IRE)

Allied Irish Banks, p.l.c. (NYSE: AIB) has been in trouble from top to bottom from the financial crisis.  Things have become dire enough that now the bank has listing issues.  The bank noted today…

Jon C. Ogg · 16 years ago

Small Business Employment Continues To Leak

The jobs that might have been created in 2010 but were not are largely due to small businesses which could not afford to add the workers they needed to. According to a new Gallup…

Douglas A. McIntyre · 16 years ago

S&P Cuts Irish Banks, Late Again (AIB, IRE)

Standard & Poor’s is at it again, with late debt rating cuts.  This is actually in the Irish banking sector rather than in the sovereign ratings.  As this is too little too late, we…

Jon C. Ogg · 16 years ago

Remembering That Most Mergers Fail

A famous Bain & Co research report issued in 2004 said the 70% of mergers fail to create shareholder value. A Southern Methodist University study of 193 mergers which happened between 1990 and 1997…

Douglas A. McIntyre · 16 years ago

WikiLeaks Probably Is No Threat To Banks

WikiLeaks founder Julian Assange told “60 Minutes” that he enjoys watching banks sweat as they await the release of documents about their internal conversations, plans and operations. Assange has threatened the action for several weeks. He…

Douglas A. McIntyre · 16 years ago

BankUnited Returns As Public Bank With IPO (BKU, BX)

BankUnited, Inc. (NYSE: BKU) is coming public again today, for the second time.  The bank you used to know as “BKUNA” is now “BKU” and is far more healthy and more focused.  The Florida-based…

Jon C. Ogg · 16 years ago