A Cisco Debt Offering? (CSCO)
Cisco Systems, Inc. (NASDAQ: CSCO) made an SEC Filing this morning which may leave many scratching their heads. The company filed a prospectus for a sale of debt securities.
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 250Are Troubled Bank Stocks A Double? (FITB, BAC, C, PNC, STT, BK, WFC, JPM)
It seems that Uncle Sam via Treasury and via Congress is going to give the markets what they want. TARP, TALF, Bad Bank, aggregation, accounting rule exceptions, and the rest. If you were watching…
Barclays (BCS): A Ray Of Sunshine
Barclays (BCS) proved that not all earnings at global money center banks have to be a disaster. The company beat forecasts and posted a profit for the second half of last year. Barclays did…
Management Forecasts And The Inevitability Of Exaggeration
The press has not learned, despite repeated experiences, that televangelists, medical researchers, elected politicians and chief executive officers are often incapable of telling the truth. That is not to say that they are liars.…
Everyone Comes to Bank of America’s Aid (BAC)
Bank of America Corporation (NYSE: BAC) is gapping up over 13% this morning. Keep in mind that there was already a huge recovery from yesterday’s lows that went under $4.00, but this gap-up is…
TARP Funds Were Badly Invested, Unless They Kept Banks In Business
It is wonderful to watch boobs look back at history. It takes great skill to examine details and miss the obvious. The Congressional Oversight Panel which is reviewing how well TARP money was spent…
Oil Services & Drillers Brace For S&P Ratings Cut (ALY, HERO, PKD)
Standard & Poor’s Ratings Services downgraded several oilfield services and drilling companies. Among the companies the ratings agencies took action were Allis-Chalmers Energy Inc. (NYSE: ALY), Hercules Offshore Inc. (NASDAQ: HERO) and Parker Drilling…
B of A CEO & Insiders Buying Stock (BAC)
Bank of America Corporation (NYSE: BAC) was already trading as though the options traders were placing a bet today “against nationalization” and now we are getting more news from the company. SEC filings are…
Options Bet: No Bank of America Nationalization (BAC)
Bank of America Corporation (NYSE: BAC) has been the worst performer this year in the financial sector, or at least of all the large money center banks. The reasons are more on fears but…
IMF Confirms What Bank Stocks Already Show
Bank of America (BAC) hit another 52-week low today at $3.77. Wells Fargo (WFC) got close. The IMF said that that the banking crisis is far from over.
ETF LAUNCH: High-Yield Municipal Bonds (HYD)
Van Eck Global has announced the launch of a new ETF to track the high-yield municipal bond market. This is under its Market Vectors program and is called the High-Yield Municipal Index ETF (NYX:…
Buffett Heads To Switzerland (BRK-A)
Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) have been out making fairly large bets in recent months. It seems that distressed prices are tempting the Oracle of Omaha. But what is interesting is…
All The Best Investment Bankers Pack Their Bags For China
The people in Washington think they have bank CEOs and the investment bankers which they employ on the run. The threat of salary caps for CEOs at financial firms that take too much TARP…
Outsourcing Investment Banking To Please Congress
The Congress and the Administration seem fixated on cutting the pay of financial company executives and, perhaps, the people who work for them. The idea is a nearly perfect way to lower banking firm…
Did Citigroup (C) Have A Gun To Its Head When It Agreed to $25.7 Billion In Mortgages?
Citigroup (C) said it will put up $26.7 billion in capital for mortgage loans. It will also provide money for corporate loans, personal loans, credit cards, and student loans. The entire package totals $36.5…