Fortress Investment Group, LLC (NYSE: FIG) has filed a shelf registration to offer as much as $1 billion in mixed securities. It lists Class A shares, preferred shares, depository shares, warrants, subscription rights, purchase…
There was an announcement this morning from Lexington Insurance Company, a unit of American International Group (NYSE: AIG). The unit has said that effective September 15, 2008 it has arranged a Contingent Property Reinsurance…
There is one interesting irony in this whole financial meltdown which goes which many will not want to admit. Citigroup Inc. (NYSE:C) and the financial supermarket model may actually be emulated by the entire…
Morgan Stanley (MS) is starting to have some of the problems that hurt Lehman. According to the FT, "Morgan Stanley lost close to a third of assets in its prime brokerage last week, amounting…
Washington Mutual (WM) failed yesterday and most of its assets where sold to JP Morgan (JPM). The price was $1.8 billion. JPM will have to write down $31 billion in bad loans, but, since…
There had been hopes that Hank Greenberg was going to come with his own plan to save American International Group (NYSE: AIG). That was removed yesterday after the company agreed to the government plan. …
The Treasury is making the case that the financial industry needs $700 billion to take toxic assets off bank balance sheets. This should free up liquidity and ease credit problems. Treasury Secretary Henry Paulson…
Oppenheimer’s star banking analyst Meredith Whitney is already keying in on Goldman Sachs Group’s (NYSE: GS) plans to raise cashs and shore-up its liquidity. She has noted that the $5 billion public stock offering…
Daimler AG has confirmed that it is in talks with Cerberus over the possible redemption of the 19.9% stake it still has in Chrysler LLC. That would put Chrysler back entirely in US hands,…
Billionaire and esteemed investor Warren Buffett has made a major move. Berkshire Hathaway Inc. (NYSE: BRK-A) is investing some $5 billion in Goldman Sachs Group Inc. (NYSE: GS). His stake is in preferred stock…
The FBI has started to look into the collapse of Fannie Mae (FNM), Freddie Mac (FRE), Lehman, and AIG (AIG). The agency is looking for fraud, the kind that was part of the Enron…
Goldman Sachs (GS) appears to be out of the woods of the credit crisis. It will take on the mantle of being a bank holding company. The Fed is likely to buy its toxic…
Capital One Financial Corp. (NYSE: COF) has come out with two announcements after the close. It is reaffirming its 2008 financial targets, but it is also raising cash. Capital One hired Citigroup and J.P.Morgan…
Capital One Financial Corp. (NYSE: COF) has come out with two announcements after the close. It is reaffirming its 2008 financial targets, but it is also raising cash. Capital One hired Citigroup and J.P.Morgan…
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) has signed a memorandum of understanding with Vietnam’s Ho Chi Minh Stock Exchange (HOSE). This is Vietnam’s largest stock exchange. The exchanges intend to support development of…