The movement against, or at least a move to better quantify, leveraged ETFs is still going. In fact, it is becoming more clear. While this is not against any single leveraged ETF (or inverse…
Pressure from the government may be forcing Citigroup’s (C) hand. Its Phibro energy group has generated $2 billion in profit over the last five years, but it has cost the bank in compensation expenses.…
Bank of America (BAC) announced that it would buy Merrill Lynch for $50 billion on September 15 of last year. It was one of the largest M&A transactions in the American banking industry, but…
For those who want to know how much worse that housing market is getting they need look no further that the quarterly results of Fannie Mae (FNM). The mortgage operation lost $15.2 billion and…
Avago Technologies Ltd. (NASDAQ: AVGO) is today’s IPO. The deal priced 43.2 million shares at $15.00 per share to raise approximately $621 million. This was at the high end of the indicated price range,…
Everyone is making money off of the break-up and financing of AIG (AIG) except the insurance company itself and the taxpayers who put up $180 billion to save it. One of the public’s largest…
Almost the entire fight to save the American financial system and punish those responsible for it has gone on in the executive and legislative branches. The third leg of the government, the judicial branch,…
Bank of America (BAC) got off with a $33 million fine “to settle charges that it made false and misleading statements” about bonuses paid to Merrill Lynch employees. The case what brought by the…
CIT Group Inc. (NYSE: CIT) has seen its shares halted for news pending. That news is out. The troubled financial lender to small businesses and middle market companies has announced that, with the consent…
Troubled insurance and financial giant American International Group Inc. (NYSE: AIG) may have found a new CEO to run the company. Or dare we say… a new victim! Based upon what the company has…
HSBC (HBC) announced that its earnings fell 57% to $3.35 billion during the first half of the year. The largest bank in Europe was able to temper some of its deficit for bad loans…
New date from S&P LCD presented by the FT, shows that large private equity firms have $400 billion in debt that needs to be paid in the next five years. That debt load could…
XO Holdings, Inc. (OTCBB: XOHO) is not a usual company we’d cover because of the size and because of the Bulletin Board status. But this week we have been getting multiple inquiries about this…
Andrew Cuomo, who is running for governor of New York State without having announced it, is denouncing Wall St. because of its big pay packages while in his current role as state attorney general.…
We may soon see if Goldman Sachs Group Inc.’s (Nasdaq: GS) argument that government attempts to curb energy market speculation will have unwanted consequences. All signs point to the CFTC putting in trade position…