The waves of capital raising continues. American Express Company (NYSE: AXP), JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), and Bank of America Corporation (NYSE: BAC) are just the leading financial institutions…
Abu Dhabi investors plan to sell their stake in Barclays (BCS) for about $6.8 billion. They have only had the shares a year but their return is likely to be more than 50%. The…
The Wall Street Journal reports that five executives who left Citigroup (C) will not get the balance of their severance payments which total several million dollars. The reason behind the action is that the…
Jamie Dimon really hates the TARP and he wants out from under it. He’s said how being forced to take the TARP money has allowed JPMorgan Chase & Co. (NYSE: JPM) and others to…
InsideVenture was there for the open at the NYSE Euronext (NYSE: NYX) today, and the company is trying to open up wider markets for venture-backed and late-stage companies to come public. These models look…
There remains an issue about what to do with troubled banks, and the regulations over who can own banks and at what percentages only add more questions rather than answers. FDIC Chairman Sheila Bair…
The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are getting to deal with yet another potential wrench in the machine:…
Now that the bank stress tests are over the firms that were examined and found to need more capital have been able to go about the business of raising it. Part of their projections of…
The federal government is considering having one regulator to oversee the entire banking system. The mess in the industry is so great that the idea of consolidating the power to control the sector may be…
The Treasury has probably made a horrible mistake by not turning to the Mafia for cash during the current financial crisis. The Mob has billions of dollars looking for a legitimate home. Even the…
Bank of America Corporation (NYSE: BAC) has just issued an update on its capital raising to date. The banking giant has raised almost $26 billion and said it is “well on its way” to…
Micro-blogging platform Twitter has 32 million users, which is an increase from about 2 million a year ago, according to research mentioned in The Wall Street Journal. Some Internet measurement services show that figure…
It was not that long ago that corporate bonds were trading at spreads not seen in most of our professional careers. Even if the comparable Treasury was yielding 1% to 2%, spreads of 1,000…
Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) have so far not lived up to the notion of being “bank holding companies.” These companies have not just been poor acquirers of…
In a long, analytic article about commercial real estate, The New York Post points out that the debt backed by commercial real estate in the US has hit $3.5 trillion. The paper writes that “about $1.4 trillion…