Banking, finance, and taxes

All Banking, finance, and taxes Articles

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S&P Warns of Greece Downgrade, Very Late

Did you hear?  Greece has problems.  They are bad enough that S&P has threatened a sovereign downgrade on the debt of Greece.  Just one problem here, or more than one.  This call is about…

Jon C. Ogg · 16 years ago

Green Dot Secondary, Maybe ‘Good Dilution’ (GDOT)

Green Dot Corporation (NYSE: GDOT) has been one of the better IPO outcomes for 2010. It was just on July 21, 2010 that the prepaid credit card company sold 4.6 million shares at $36.00…

Jon C. Ogg · 16 years ago

J.P. Morgan Sued for Billions in Madoff Bankruptcy (JPM)

The two-year anniversary of the Madoff bankruptcy is coming upon us.  What that implies is that the statute to file suit is running out.  The Madoff trustee is Irving H. Picard.  Picard has, as…

Jon C. Ogg · 16 years ago

Turkey & Hungary File To Sell Billions in Dollar Bonds

It is not every day that you see foreign nations register bond offerings with the SEC for sale in the United States.  This morning we saw two S-B filings come literally about 58 seconds…

Jon C. Ogg · 16 years ago

FXCM Meets With Interest In IPO Debut (FXCM)

A new IPO is out and it makes a living off of the world of FOREX, which also happens to be the largest financial market in the world.  FXCM Inc. (NASDAQ: FXCM) priced 15.1…

Jon C. Ogg · 16 years ago

optionsXpress: The Power of Large Special Dividends (OXPS)

optionsXpress Holdings, Inc. (NASDAQ: OXPS) is leveraging up a bit to reward shareholders with a one-time dividend while it knows taxes will be low.  The company’s board of directors has declared a special cash…

Jon C. Ogg · 16 years ago

Some of China’s Banks Offering Bonus Rates for Deposits

This is one of those stories that almost defies belief. It follows the Chinese government’s recent requirement to increase its banks’ capital reserves. The reserve requirement for the country’s four largest banks will now…

Jon C. Ogg · 16 years ago

FOMC Minutes: Currency Manipulation & Duration Dissent

The minutes of the most recent FOMC meeting from November 2 and 3 showed that Fed governors were not exactly unanimous over all of the issues around quantitative easing or QE2.  Ultimately, those Fed…

Jon C. Ogg · 16 years ago

New Frontier for Dynegy Post-Blackstone (DYN, BX, NRG)

Dynegy Inc. (NYSE: DYN) is one of the country’s largest electric power producers. In August, the company’s board announced an offer from the world’s largest private equity firm, Blackstone Group LP (NYSE: BX), to…

Jon C. Ogg · 16 years ago