Another Special Purpose Acquisition Company, or SPAC, has bitten the dust. This one bit the dust before it even launched. In a filing with the SEC, Greenstreet Acquisition Corp. is the latest "public-private equity"…
It seems that the appetite for online brokerage firms to do selective M&A deals is not entirely dead. TD Ameritrade (NASDAQ: AMTD) has announced this morning that it is acquiring much smaller thinkorswim Group…
From Bloomberg: The biggest U.S. banks may face the threat of lower profits or pressure to break up under greater regulation following the financial crisis. Federal Reserve officials have made tackling the issue of…
Citigroup (C) and some other banks are in talks with Senators about legislation that would change how people in bankruptcy would be treated when it comes to their mortgages. The obvious goal is to…
Oppenheimer’s star banking analyst Meredith Whitney slammed the banking giants yet again this morning. The difference between today’s note and her prior criticisms, is that now she expects that many banks will need to…
Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (JPM) once the…
The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take bonuses. There seems to…
It really is a wonder how and why the debt ratings agencies still have any merit or use at all, but for now they still have some pull. Moody’s has announced that it has…
Oil field services company Weatherford International Ltd. (NYSE:WFT) announced that it has begun offering Senior Notes due in 2019. A subsidiary of Weatherford "will fully and unconditionally guarantee the notes on a senior unsecured…
Financial stocks may have enjoyed sizable bounces from their lows in November and December, but not all analysts are following them up. The insurrance sector and some of the re-insurance names have been downgraded…
E*TRADE Financial Corporation (NASDAQ: ETFC) has filed an automatic mixed securities shelf registration with the SEC to raise cash via the sale of securities. There were no financial terms nor any size indications given…
One of the more subtle parts of the government bailout of GMAC came after the financial arm of the car company, now majority owned by star-crossed hedge fund Cerberus, got its $6 billion in…
The average man on the street would view giving up millions of dollars in bonus money for a hard year of work as a tremendous sacrifice. Vikram Pandit, CEO of Citigroup (C), chairman Win…
No one seems to have liked that way SEC chief Christopher Cox handled his job during the financial crisis. Congress thought he should have done more to keep banks and investment houses from using…
As hard as it may be to imagine, the stock market will move back up someday. It always has. When a market recovers, there are always one or two sectors which are perceived as…