This is the real week for earnings season where the floodgates open. That is particularly the case for some of the top banks, investment banks, and brokers. Goldman Sachs Group, Inc. (NYSE: GS) is…
The Goldman Sachs Group Inc. (NYSE: GS) is seeing some buying interest based upon an influential analyst call. Meredith Whitney Advisory has raised the rating on this investment bank and brokerage firm, a.k.a. bank…
The SEC says that companies holding California IOUs can trade them like stocks or bonds by handing them over to a broker. According to the agency, “The staff of the SEC has expressed its…
The Congressional Oversight Panel which keeps track of the effectiveness of the TARP program claims that the government has gotten much too little for the warrants it received as part of the loans that it gave…
UBS (UBS) told the IRS and Justice Department to go to hell. The agencies want the names of 52,000 customers who may have evaded taxes in transactions with the big Swiss bank. According to…
AIG (AIG) wants to pay a number of its “key” employees as much as $235 million. Most of the bonuses are meant to retain these people. The Washington Post reports that the reason behind the…
General Electric Capital Corporation, the hard-hit and recently criticized unit of General Electric Company (NYSE: GE), has just filed an automatic shelf registration with the SEC. Usually these are just normal operating procedures for…
Citigroup Inc. (NYSE: C) is announcing some key management changes. While this is not a CEO change as many expect to ultimately see, this is still a rather large shake-up and is very similar…
When we first floated the notion that Direxion may need to consider conducting a reverse stock split on its two Triple-Leverage cult ETFs for the financial sector, this was a notion that was not…
Las Vegas Sands Corp. (NYSE: LVS) has been all over the news today on reports that the company may conduct an initial public offering for its Macau assets. The company would like to raise…
An appetite for risky assets that has sent small-cap and emerging market stocks and junk bonds flying since March now is getting more scrutiny from a market heavyweight. Greg Peters, head of credit strategy…
Advanced Technology Acquisition Corp. (NYSE/AMEX: AXC) is a special purpose acquisition company, or blank check company, that is about to no longer be. The company has announced that its stockholders are voting to approve…
Goldman Sachs Group Inc. (NYSE: GS) is said to have either the best in-house and proprietary trading models or at least the best of the large bulge bracket firms. This weekend came a report…
It seems that venture capital has started to reappear in clean energy and clean technology. A report this week from The Cleantech Group with contributions from Deloitte saw a resumption to growth in venture…
Nouriel Roubini told Barron’s almost a year ago that 1,400 US banks would fail due to the collapse of the credit markets. RBC Capital made a similar estimate. As it turns out, 2009 is…