The bank “stress tests” and their results have put the infallibility of the government on the line. If its judgment about the solvency of the large American banks is accurate, then the new capital…
The most exciting day of the financial year should have been today because the government releases the results of its multi-month bank “stress test” program which includes thorough vetting of the health of America’s…
As more information hits the press about the amount of money the government will say big banks will need due to the results of “stress tests”, it is already clear that three banks, Citigroup…
The twenty-five subprime lenders that originated $1 trillion in high interest loans between 2005 and 2007 got their funding from Wall St. banks that are now the beneficiaries of TARP money. According to the…
To call the triple-leverage financial ETF of the Direxion Financial Bull 3X Shares (NYSE: FAS) volatile would be the understatement of the year. It has become the day trading instrument of choice for those…
We had been awaiting a shelf registration statement from Visa Inc. (NYSE: V) for a while now, and now we have gotten that filing this morning. While the company has downplayed the importance of…
The Blackstone Group, L.P. (NYSE: BX) posted results that show a turn for the better in private equity is either afoot or much closer than before. It said that its economic net income was…
Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake in the China Construction…
Insider trading has a new face. Credit default swaps, long one of the least understood and least regulated sets of financial instruments can be used for insider trading in a similar manner to stocks,…
The Dow Chemical Company (NYSE: DOW) has commenced a public offering of common stock to shore up its balance sheet after closing its recent huge merger (acquisition) with Rohm & Haas. It will raise…
UBS (UBS) lost $1.7 billion in the first quarter. Some of the reasons for the poor earnings report could apply to American banks and their results in future quarters. UBS management mentioned that its short-term…
Several news organizations are reporting that ten of the 19 banks subjected to “stress tests” will be asked to raise more capital. Since the firms are still debating with the government, the number could…
One of the Obama proposals to fight global warming and climate change may be up against the ropes. This is emissions trading, or what the media calls “cap and trade.” There are many who…
Is Bank of America Corporation (NYSE: BAC) raising more capital or is it not? It depends upon which news service you believe. The FT reported that the company was seeking to raise as much…
The Financial Times is reporting that Citigroup (C) and Bank of America (BAC) may each need to raise over $10 billion. If that is true, to get money in the capital markets and not from…