Lehman Says Barclays (BCS) Took $8.2 Billion Too Much
Lehman Bros. has misplaced $8.2 billion and believes that Barclays (BCS) may have made off with it. Barclays bought some of Lehman’s assets after the investment house filed Chapter 11.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 224Bove Could Care Less About Mack Leaving (MS, GS, JPM)
Dick Bove of Rochdale Securities does not care about John Mack leaving Morgan Stanley (NYSE: MS). In fact. you might think he’s even glad to see some new blood managing the company. Bove called…
SPAC Developments Heating Up (NAQ, CLA, GHQ, TTY, CADUF, GHC, PAX, TCW, IAQGU)
For the first time in more than a year, a special purpose acquisition company, a SPAC, saw its shares broke through their trust value prior to a deal vote. In the last 12 months,…
Citigroup (C) May Try To Buy Back Government Shares
Citigoup (C) may try to buy back some of the shares that the US government got when it bailed out the bank. Taxpayers own 34% of Citi and it may be time for the…
The Rakoff Decision: The SEC Will Be Changed Forever
Federal District Judge Jed S. Rakoff was supposed to a approve a $33 million settlement between the SEC and Bank of America (BAC) over the issue of the financial firm making inaccurate statements regarding…
Bank Of America (BAC) And The SEC: No Justice, No Peace
Federal District Judge Jed S. Rakoff was supposed to a approve a $33 million settlement between the SEC and Bank of America over the issue of the financial firm making inaccurate statements regarding Merrill…
Intuit Continues Diversification Path (INTU)
It used to be that Intuit Inc. (NASDAQ: INTU) was a company whose life revolved around tax season as Joe Public went to buy new versions of TurboTax® software, and the offset to the…
E*TRADE Almost Reverses Own Fortune (ETFC)
The analyst who upgraded E*TRADE Financial Corporation (NASDAQ: ETFC) at Citigroup is probably not feeling as confident as compared to about an hour ago. Citi raised its rating to BUY from Hold and raised its…
Three More Bank Closings Brings 2009 Total To 92
The FDIC became receiver for three more US banks, which means a total of 92 have been closed this year. The agency announced that Corus Bank of Chicago would close. Its eleven branches will…
Budweiser Returns For US Investors (BUD, TAP, SAM, HOOK)
Budweiser is back for US investors. It has been some time that US investors have been able to invest in an large beer company since Anheuser-Busch was acquired by InBev. But it is coming…
Whacking Mack (MS)
It turns out that all the rumors of the resignation or retirement of top dog John Mack turned out to be accurate. Better late than never… Morgan Stanley’s (NYSE: MS) Board of Directors announced…
Bank Of America (BAC) And Merrill: How Many Prosecutions?
The Bank of America (BAC) deal with the SEC to settle charges that it mislead investors about Merrill Lynch bonus payments in it proxy to approve the Merrill buyout is already being challenged in…
Treasury Wants Stronger Capital Base For Banks But Plans Are Vague
The Treasury wants to make banks, particularly large ones, increase their capital bases and improve their liquidity. In a statement, the department said, “Capital requirements for all banking firms should be increased, and capital…
Citi Now 33.6% Gov’t Owned… Reverse Split Seems Imminent (C)
Citigroup, Inc. (NYSE: C) is going to have a very active day ahead of it. The troubled banking giant has just announced that its common stockholders approved the three resolutions submitted in its Common…
FOMC Minutes Show a Punt
The minutes of the August 11 and 12 FOMC meeting shows a Fed that is slowly growing more confident in things, yet the conviction is low. The FOMC was more confident that the recession…