10 CEOs To Go For 2009: Vikram Pandit of Citigroup (C, WFC, WB)
Citigroup, Inc. (NYSE: C) is still in a pinch despite more than a 100% bounce from recent lows, and its still-relatively new CEO is caught right in the middle of a storm he might…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 258Banks Look To Fourth Quarter Trouble
Hope springs eternal. For several months now analysts and investors have believed that the fourth quarter would be a reasonable one for banks. A lot of the bad paper on their balance sheets would…
The Great Treasury Bubble, Or Something Worse….
There has been one asset class which has held up with flying colors: US TREASURIES. It has been a great ride if you hold them, but the yields are reaching a point that signals…
Double Barrels Hit Financials
Most industries get to spread out their bad news. The current exceptions appear to be the automotive and banking sectors.Some days they can be hit from three or four sides. An impression that the…
Fannie Mae (FNM): Reverse Splits As The Last Refuge For The Weak
Reverse spilts are the tools of companies which cannot keep their share prices up through good management and sound operation. Most firms that resort to them want to keep their stocks above $1 to…
Regional Banks Refusing TARP Funds (BXS, CFR, FCF, HCBK, PRSP, WFD)
Bailouts, handouts, subsidies, and free money be damned. In times when most large financial institutions are lining up for their share of TARP funds, there are many regional banks out there which have decided…
Community Banks Refusing TARP Funds (AUBN, HARL, UBCP, AMNB, KRNY)
In a time of trouble, crisis, and inability to raise capital, there are many banks out there which have decided to refuse the government’s bailout TARP funds. These banks appear to be more solid…
BCE Merger Suddenly In Jeopardy (BCE)
There is one huge going-private transaction which has yet to close and has been pending for what feels like an eternity. BCE, Inc. (NYSE: BCE) in Canada has been in the works for more…
Coinstar Files To Raise Cash (CSTR)
Coinstar Inc. (NASDAQ: CSTR), the owner and operator of all the big giant green machines which counts and changes your coins for paper cash, has filed a mixed shelf registration with the SEC to…
AIG (AIG): Recycling Debt Without Paying Anyone Back
AIG is ready to repay the Fed $40 billion. The money will come from preferred shares it raised with backing from Treasury. If AIG defaults, the federal government gets the bag. That is the…
Goldman Sachs (GS) Brings In $5 Billion On The Cheap
In a home run for troubled credit markets, Goldman Sachs (GS) raised $5 billion with backing from the FDIC. It is likely that a number of other US financial firms will follow quickly, The…
State Street Already Registers Uncle Sam’s Stake (STT)
State Street Corp. (NYSE: STT) has filed for the potential resale of preferred stock, common stock, and warrants which was purchased by Uncle Sam in a recent transaction. This allows for the resale of…
FDIC Troubled Banks List Rises 46%
The FDIC is going to be working overtime. The agency increased the number of "troubled" banks on its list of firms it may have to shut down. The open question is where the FDIC…
E*TRADE’s TARP Dilemma (ETFC)
E*TRADE Financial Corporation (NASDAQ: ETFC) announced this morning that it is continuing to work with regulators through each phase of its TARP application and that it "remains optimistic that it will receive the necessary…
Does Bank Of America (BAC) Get The Next Bailout?
The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal. A number of banks got a piece of another deal, the…