This morning’s banking reports from Wells Fargo & Co. (NYSE: WFC) and US Bancorp (NYSE: USB) might as well be called the Warren Buffett banking reports, or the banking earnings for Berkshire Hathaway Inc.…
The Troubled Asset Relief Program inspector Neil Barofsky has almost nothing good to say about the way the Treasury has handled the TARP. He released his latest report to Congress today. His first criticism.…
GSME Acquisition Co. became the second Special Purpose Acquisition Company (SPAC) this year to file paperwork with the SEC to go public. The blank check wants to assemble a China-based dealmaking vehicle worth about…
Nuveen has been the largest player in single-state municipal bond closed-end and open-end bond funds for years and years. If you look in Barron’s each week under closed-end mutual funds data to find premium/discount…
SPACupdate.com has provided 24/7 Wall Street with some exclusive coverage on key issues coming up in the realm of special purpose acquisition companies. 2020 ChinaCap Acquirco (NASDAQ: TTY; NASDAQ: EDS) is on deck for…
Wall St. will not be the only place where key workers will get multi-million dollar bonuses this year. RBS (NYSE:RBC), a UK financial firm which came within days of failing and received massive government aid, will…
Bank of America (NYSE:BAC) CEO Ken Lewis is still the firm’s CEO. He was going to leave at the end of the year. The board of the bank would like to find a replacement…
Level 3 Communications, Inc. (NASDAQ: LVLT) has just disclosed in an SEC filing the “Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.” The company noted that…
Calling for more and more gains after what we have seen in the troubled financial sector is a tough call on the surface. Yet, that is what Rochdale’s Dick Bove is calling for, again. …
Goldman Sachs Group Inc. (NYSE: GS), Citigroup, Inc. (NYSE: C), and The Charles Schwab Corporation (NASDAQ: SCHW) have all reported earnings. All came in above or in-line with estimates and there is not really…
SPACupdate.com has provided 24/7 Wall Street with some exclusive coverage for the world of special purpose acquisition companies or SPACs. This monitors live deals involving blank check companies, associated stock and warrant transactions and…
J.P. Morgan Chase & Co. (NYSE: JPM) has just posted very impressive earnings. The cleanest bank in America reported earnings of $0.82 EPS and revenues were $26.62 billion versus $0.52 EPS and almost $25…
Conseco, Inc. (NYSE: CNO) was a mixed blessing today after the close. The firm is diluting shareholders with a secondary offering, but it also announced that the esteemed firm Paulson & Co. is taking…
This week is the week we have 6 DJIA components reporting earnings as the first real week of earnings season, but the big financial stocks reporting will set the tone for how the rest…
Private equity firms keep exiting their old buyouts when they can. This morning we have an initial public offering from RailAmerica, Inc. (NYSE: RA) for some 22,000,000 shares of common stock. This is being…