We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning. There are deal updates and calendar events in United Energy…
TransUnion reports the auto loan delinquency moved up sharply in the third quarter. The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) rose between the…
There have been warnings for months that commercial real estate defaults would be the next plague to bank earings. Then Dubai indicated that it would default on some of its obligations. The kingdom in…
The head of the credit card operations at Bank of America (NYSE:BAC) believes that credit card write-offs will not continue to rise, and that they hit their high point in the last half of…
American International Group, Inc. (NYSE: AIG) is under far less pressure right at the open than many might have expected. While it settled some of its Hank Greenberg issues last week, the stock was…
FDIC chair Sheila Bair, who would seem to be one of the less important members of the government’s financial team, yesterday strongly suggested that secured creditors at the largest banks bear losses of as much as 20%…
It seems that the healthy banks will get to come up with new funds all over again to protect the unhealthy banks, or maybe it is the regionals and community banks which will get…
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning. Exceed Co. (NASDAQ: EDS), the Chinese apparel maker brought public…
The Fed wants the taxpayer’s money back. It has asked nine large banks, including Bank of America (NYSE:BAC), to give it a timetable for when they will repay TARP funds. All of these banks were…
Vanguard has just launched seven new bond exchange traded funds today. We are seeing very thin trading volume, and that will be the single biggest benchmark used for whether or not these become a…
Many, or most, major banks do not have enough capital to comfortably maintain their current ratings. Standard & Poor’s has a report out saying that the banks are underfunded despite capital raised and despite…
The Royal Bank of Scotland (NYSE:RBS) has had Cadbury as a corporate client for decades. The financial firm agreed to help fund Kraft’s (NYSE:KFT) potential buyout of Cadbury. RBS’s ownership is controlled by the UK…
A number of large Goldman Sachs (NYSE:GS) shareholders would like to see the firm’s profits in their pockets and not in the bank accounts of the Goldman partners. The Wall Street Journal reports that…
There is a rumor that has been around Hollywood for decades that some of the greatest silent film comedy scripts were created by screen writers who would bribe wardens at a local insane asylum…
TD AMERITRADE Holding Corporation (NASDAQ: AMTD) has just filed an automatic shelf registration statement with the SEC today, which many rumor mongers may jump on and point to the notion that this lends more…