No One Wants Treasury Long Bonds
The United States’ insatiable demand to borrow is still facing hurdles over whether new buyers want to buy longer-date maturities. Sure, our short-term bills are fine, but as you go farther out the curve,…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 215Will AIG (AIG) Change Its Name To Improve Its Image?
Branding counts. Apple (NASDAQ:AAPL) could probably do well selling tea pots. Sharper Image is still around, but its brand is so tarnished that it could not give away many of the ultra-modern home utilities…
TARP’s Failures Described By Congressional Oversight Panel
The Congressional Oversight Panel says in a new report that the TARP did one thing and did it well. It prevented the terrible panic in the credit markets from spreading while stabilizing the banking system.…
CIT Group Exits Bankruptcy, Wiping Out Old Holders (CIT, CITGQ)
CIT Group Inc. (OTC: CITGQ) is emerging from bankruptcy. The company has just announced that its prepackaged plan of reorganization was confirmed by the United States Bankruptcy Court for the Southern District of New…
Greece’s Rating Woes Weigh on Greek ADRs (NBG, OTE, CCH, DRYS, DSX, EXM, NM, TOPS, TNP)
Fitch Ratings joined in with a downgrade of Greece’s credit rating following a similar action yesterday by Standard & Poor’s. The downgrade this morning was to “BBB+” from “A-“… and the ratings outlook remains…
Talbots Surprising SPAC Merger (BPW, TLB)
The world of special purpose acquisition companies is already a strange one that offers a bit of individualized private equity via the stock market. The deal between BPW Acquisition Corp. (AMEX: BPW) and The…
Citigroup (C) And Government Fight Over TARP Exit
Behind the scenes but barely out of sight, Citigroup (NYSE:C) is fighting with federal agencies about how much money it will need to have on hand to exit the TARP program. Taxpayers own about…
Two More Bank Failures Make 126: Devil Goes Down to Georgia
State Bank and Trust Company is taking over two failed and seized banks in Georgia, making this the #125 and #126 closed banks in America during the financial crisis. But this marks the 23rd…
Geithner Says All Big US Banks Would Have Failed
It may be that Treasury Secretary Tim Geithner needs to take a revisionist’s view of history to support his attacks on the large bonuses Goldman Sachs (NYSE:GS) and other banks are about to pay their top executives.…
B of A Rejoins 1 Billion Shares-Traded Club (BAC, C)
Bank of America Corporation (NYSE: BAC) was all over the news for repaying the TARP and for its huge $15.00-equivalent stock offering of more than $19 billion. The S&P rebalance helped Bank of America…
China Blames Investment Banks For Derivatives Losses
Caveat emptor. Caveat emptor. Chinese official are blaming US banks for selling some of the country’s state-owned companies complex derivatives on which they lost money. The FT and other media report that “A senior Chinese official…
SunTrust ‘Sell’ From Meredith Whitney (STI, BRK-A)
SunTrust Banks, Inc. (NYSE: STI) is getting hit this morning, although perhaps not as harshly as the call might sound. Meredith Whitney put on her banker Scrooge hat and issued a SELL rating on…
Why Hasn’t Citigroup (C) Repaid TARP Funds
The program Bank of America (NYSE:BAC) has announced to repay the TARP funds it received is a modest vindication for its retiring CEO Ken Lewis. He has proved that his firm, which has rolled…
Bank of America Free to Exit TARP (BAC)
Bank of America Corporation (NYSE: BAC) will soon be out of the TARP. The report was first out by CNBC’s Charlie Gasparino right after 5 PM that Bank of America is about to do…
B of A Candidates Support Breaking Up Operation
It does not say much for the future of plans to rebuild Bank of America NYSE:(BAC) that major candidates for the CEO position question the board’s strategy for running the firm. Many of the…