Senate Financial Reform Plans Can’t Address Short Term Trouble
The Senate has voted 96 to 1 in favor of a program that prevents the use of government funds to bailout large financial firms the way that the TARP fund did. At the same…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 204The World’s Most Important Bond Investor Calls Ratings Agencies As Flawed
Bill Gross, the head investment officer of bond giant PIMCO and the most famous fixed-income investor in the world, dismissed Moody’s (NYSE: MCO) and S&P as deeply flawed arbiters of investment risk. In his monthly…
Top Stocks from Top Managers (BAC, CMCSA, RF, CIT, C, AFL, NWS, KO, SYY, BCR)
Many investors chase famous and well-known portfolio managers’ newest stock picks. After all, if you can piggyback on Warren Buffett, Bruce Berkowitz, and others… why not? Morningstar has shown some of its top managers…
Goldman Sachs: Berkowitz In! Blankfein, Out? (GS)
Goldman Sachs Group Inc. (NYSE: GS) has become thought of as Darth Vader’s Empire for the public of late. Still, investors are torn over whether to Buy or Sell Goldman Sachs’ as a stock. …
Mortgage-Related IPO Filing: Ellie Mae (ELLI)
If you thought any of the “Mae” sounding names were all dead, guess again. We have one coming as an initial public offering, although this is not a government agency. An IPO filing from…
Broker Revenge: BofA Cuts Goldman Sachs (BAC, GS)
All bulge bracket firms and most major banking and brokerage firms cover each other in traditional analyst calls. Usually there is a coverage that involves trends in the sectors and the picks of which…
Kissing PIIGS… S&P Downgrades Spain (SNF, EWP, BBVA, STD, REP, TEF)
Standard & Poor’s just hit the brakes on the markets, a day after cutting Greece and Portugal. The PIIGS are taking another toll, with the cut today being the long-term rating of the Sovereign…
Derivatives Matter As Part Of Finance Reform
By Max Fisher, The Atlantic Wire Derivatives, a special kind of investment, played a key role in the financial crisis and generated $20 billion for Wall Street last year. They are also central in…
Testimony Of Goldman Sachs CEO Llyod Blankfein, Without Comment
Here is the transcript of the testimony that Goldman Sachs Group (NYSE: GS) CEO Lloyd Blankfein will give tomorrow, April 27. A number of the media have tried to make the case that a great…
The Unusual Suspects (ARMH, DEAR, ETFC, GE, GES, MED, PALM, RSH, RIG, USG)
This week’s big coming attractions via The Unusual Suspects could have been all about earnings again as the earnings onslaught continues. Our big events we are watching for this coming week based on upcoming…
New Leverage & Inverse ETF Competition (KBW, KRU, KRS, FAS, FAZ, UYG, SEF)
By now you know all about leveraged ETF and leveraged inverse ETF products. But you might not have heard of two new leveraged and inverse ETFs that launched from ProShares and KBW Inc. (NYSE:…
Sen Kaufman Of Delaware To Pole-Axe Big Banks
Senator Ted Kaufman of Delaware doesn’t care what Obama says in his speech on Wall St. today or what Volcker or Dodd want to do to break apart the largest investment and money center…
The Goldman Sachs Share Price And The Wisdom Of Crowds
There has not been any collapse of the prospects of Goldman Sachs Group (NYSE: GS), at least as far as traders are concerned. At $158.85, the stock trades well above its lows last February…
What Visa Really Gets With CyberSource (V, CYBS, EBAY, AXP, MA, DFS, GPN, TSS, PAY)
There is an interesting merger this morning in the credit card processing industry. Visa Inc. (NYSE: V) is acquiring CyberSource Corporation (NASDAQ: CYBS) for $26 per share in a deal valued at almost $2…
A Bank Turnaround in Michigan (DEAR)
Amazingly, something good can still happen in Michigan on the business front. Look no further than Dearborn Bancorp Inc. (NASDAQ: DEAR), which is managing to show profits despite this still being a story of…