Bill Gross Of Pimco: No One Will Make Any Money Any More
Bill Gross of Pimco may be the most widely-admired fixed income investor in the world. He is also a first rate pessimist in a pessimistic time. His most recent monthly letter says that the…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 195Media Digest 9/29/1010 Reuters, WSJ, NYT, FT, Bloomberg
Reuters: The panel that will give advice to Obama about the deficit met but experts were concerned that it will offer few concrete answers. Reuters: The House may approve a bill aimed that the…
BP Raising Billions (BP)
BP plc (NYSE: BP) is set to raise a few billion dollars in cash after a bond offering has been filed with the SEC this morning via its BP Capital Market plc unit. This…
Sears Raises Cash (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) is raising cash. The turnaround retail giant is selling $500 million in senior secured notes due in 2018, and concurrently it is selling $165 million in notes in a…
The New Wave Of Super-Rich Wall St. Executives
The Wall Street austerity of 2008 and 2009 has quickly given in to a bounty of riches for the top tier of management at large financial firms. Proxies showed this began late last year.…
Deutsche Bank Earnings Warning, 52-Week Low Near (DB)
Deutsche Bank AG (NYSE: DB) might not be the biggest concern for Americans. The problem is that it is one of Europe’s top banks, and guess who is trading lower after disclosing that it…
Banks Find Ways Around Reform Costs
Bankers plan to find ways to make up the money they will lose as a result of new restrictions on fees set up by federal financial reform measures. Elizabeth Warren, who will run the…
Bankruptcy & Closures: Six More Bank Failures Makes 125 in 2010
The banking devil is still heading down to Georgia, looking for bad bankers’ souls to steal. The problem is that Georgia had just three of the six banks closed down on Friday. “Just…” Ohio,…
Chase Closes Website Again
The Chase e-commerce website, chase.com, is shut down completely again “Due to scheduled system maintenance out site is temporarily unavailable. Please try again later”–www.chase.com. After a short period when the site was available earlier…
Chase Website Still Down Intermittently
The Chase.com website is still down off-and-on, probably due to a huge influx of traffic created by the demand of customers who want access to their accounts after a one-day outage of the bank’s…
Buffett Keeps Dumping Moody’s (BRK-B, MCO)
If there is a single stock that really no longer deserves nor needs to be kept in the Warren Buffett stock portfolio of Berkshire Hathaway Inc. (NYSE: BRK-B), it is Moody’s Corp. (NYSE: MCO). …
Jamie Dimon Speaks Out: Dividends and All! (JPM)
Jamie Dimon, CEO and Chairman of JPMorgan Chase & Co. (NYSE: JPM), is presenting to investors on Tuesday at the Barclays Global Financial Services Conference. Dimon is usually the ax to watch of all…
Green Mountain Keeps Acquisitions Alive (GMCR)
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) is back at the buyout trough. The newest target is a Montreal rival in Canada called Van Houtte Inc. from an affiliate of Littlejohn & Co., LLC. …
Moody’s and S&P Defend Symantec (SYMC, INTC, MFE, HPQ, PAR)
Symantec Corporation (NASDAQ: SYMC) finds itself at a strange place in time. Shares were under pressure after the company issued an earnings warning about order pushouts. But when Intel Corporation (NASDAQ: INTC) announced the…
Why Basel III Won’t Work
The new bank capital rules for large multinational banks, called Basel III, may seem to set rules that will prevent another global credit catastrophe similar to the one in 2008. But, its full implementation…