Underwriters & Analysts Turn Back on CBOE (CBOE)
CBOE Holdings Inc. (NASDAQ: CBOE) is trading as a busted IPO under its formal IPO pricing. The $29.00 price was up 13% in June when the deal came public but closed Friday at $27.15. …
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 199US Bank Closures Hit 103 Compared With 64 Last Year
The FDIC in conjunction with state bank authorities closed seven more banks on July 23, bringing the total for the year to 102. The cost to the Deposit Insurance Fund was modest because the…
EU’s Rigged Stress Tests Spare the Public PIIGS (NBG, AIB, IRE, STD, DB, BCS)
After watching and looking through the EU Stress Test that was due today, we are so far seeing a rally in all the banks we had mentioned earlier as banks to watch. Only 7…
Seven Of 91 Europe Banks Would Fail Stress Tests
The Committee of European Banking Supervisors announced that seven out of 91 European banks failed its stress tests and would have had a Tier 1 capital ratio of less than 6% following an adverse…
E.U. Bank Stress Tests, Kissing the PIIGS (STD, DB, BCS, NBG, AIB, IRE)
The E.U. bank stress tests are due at 12:00 PM EST today, an interesting time considering that the U.S. will be the only active market. Many of the top banks are lower ahead of…
US Treasury To Dump More Citigroup Shares, Perhaps Fearing The Impact Of Financial Reform
The US Treasury Department may have lost faith in Citigroup (NYSE: C), perhaps because the new financial reform laws will undermine its earnings. What one hand giveth, the other taketh away. The Treasury means…
Getting More Positive on Buffett’s Favorite Bank (WFC, BRK-A)
Banking analysts came out of the cracks in the floor this morning to be positive on Wells Fargo & Company (NYSE: WFC). We have seen positive calls from several different firms. Dick Bove of…
Green Dot Debuts Strongly in Green (GDOT, WMT)
Green Dot Corporation (NASDAQ: GDOT) has made its debut, and made it with some cheer. The prepaid finance company sold some 4,558,050 shares of its common stock at $36.00 per share. The prior range…
GM Buys AmeriCredit, Taking $11.40 From Every American (ACF)
General Motors must think that doing big deals after taxpayer bailouts does not apply to it in the new normal. Will buying a finance company really help it meet customer demand for leasing…
Bernanke Pledges More Growth, Without Many New Tools
Keeping rates low indefinitely does act as a stimulus of its own. Keeping rates at zero without any rate hikes to what would still be low rates also takes away any real firepower in…
Bill Miller: Large-Caps at Once in a Life Opportunity (LM, XOM, KMB)
Legg Mason Inc. (NYSE: LM) portfolio manager Bill Miller has gone out on a limb in his July investing outlook. Although Miller’s observations do have many truths when it comes to value investing, many…
Dearborn Bancorp, A Turnaround That Can’t Stay Turned Around (DEAR)
Maybe some turnarounds just can’t turn around. Or maybe they just can’t ‘stay turned around.’ Dearborn Bancorp, Inc. (NASDAQ: DEAR) was an unlikely bank success a quarter ago and the fortunes of a day…
Global Cash Access Loses Largest Customer (GCA, GPN)
Global Cash Access Holdings, Inc. (NYSE: GCA) just became Global Cashless Access if you look at the trading volume today. A death spiral volume alert was seen at VSInvestor.com this morning. The company issued…
Canadian Banks Begin Hiking Rates; U.S. Far Behind? (TD, RY, CM, BMO, BNS, JPM, BAC, C)
The Bank of Canada this morning announced a hike for the overnight rate by 0.25%. The new overnight rate is still only 0.75%. The Bank Rate is correspondingly 1.00% and the deposit rate is…
Moody’s Cut on Ireland: Opportunity Rather Than Caution (AIB, IRE, IRL)
After Moody’s downgraded Ireland, there may be more of a buffer ahead in place than additional negative catalysts working against its two key banks of Allied Irish Banks plc (NYSE: AIB) and The Bank…