One size fits all. That is the reasoning behind Treasury’s plan to invest money in a number of large banks by purchasing preferred shares. Jamie Dimon of JP Morgan (JPM) and Lloyd Blankfein of…
Many of the world’s largest sovereign funds believe that they were taken to the cleaners earlier this year when they dumped billions of dollars into large US financial companies like Citigroup (C) and Merrill…
The US Treasury is apparently ready to buy significant stakes in nine of the largest financial firms in America. The trouble with the report is that no one knows for certain which companies are…
Wells Fargo & Co. (NYSE: WFC) is the latest of the banking giants to look like the old Citigroup Inc. (NYSE: C) business model. This became the case with the acquisition of Wachovia Corp.…
The UK government is about to become the de facto largest shareholder in two of the country’s largest banks, HBOS and The Royal Bank of Scotland (RBS). Given the number of times that England…
It has long been thought that Goldman Sachs Group Inc. (NYSE: GS) was going to escape this credit crisis mostly unscathed and that the firm would never have capital issues. The good news is…
This highly anticipated deal to fund Morgan Stanley (NYSE: MS) with $9 billion from Japan’s largest bank, Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU), cannot come fast enough. Both sides have come public to…
IBM (NYSE: IBM) is showing that some companies can still raise cash in these troubled times. Big Blue is selling $4 billion in debt in a multiple maturity offering. The company is showing that…
AIG (AIG) moved rapidly to sell assets and borrowed heavily from it US government loan. According to The Wall Street Journal, "The insurer has now borrowed $70.3 billion from the government in three weeks."…
In a move which may end up trying to save the US banking system, the Treasury is considering backing all bank deposits and guaranteeing billions of dollars in bank debt. The backing of deposits…
By John Tamny, RealClearMarkets Chairman Henry Gonzalez (D-Texas) and his committee are taking us back to 1980, when former Chairman Fernand St. Germain boosted deposit insurance to $100,000 an account (from $40,000) in the…
Huntsman Corp. (NYSE: HUN) is seeing explosive trading in its stock this morning before the open. It appears that the private equity merger which was called off, then ruled as an improper break-up, may…
It did not take long for the bailout of AIG (AIG) to dissolve into chaos. Just two weeks after the Fed put $85 billion into the failing insurance company, the new management asked for…
Henry Paulson watched the Brits come up with a new plan to save the banking system before he did. He is probably embarrassed by that. He and Bernanke seemed to have a big lead…
MetLife Inc. (NYSE: MET) is joining the other major financial stocks of late with its shares getting clocked this morning to new multi-year lows. Last night, the insurer said earnings would be $0.83 to…