One of the aspects of the Paulson bailout bill that was not clear until today is that the Treasury has no intention of running a true action for the toxic assets on bank balance…
Oppenheimer’s star banking analyst Meredith Whitney is out with another scathing note on major banks this morning despite the government bailout plan. She slashed estimates on Bank of America Corp. (NYSE: BAC), Citigroup Inc.…
T. Boone Pickens can get out of the alternative energy business. Under new regulations, he is allowed to buy Citigroup (C) or Bank of America (BAC). The Fed has decided that banks are so…
Goldman Sachs (GS) and Morgan Stanley (MS) today give up their vaunted status as investment banks, no longer being the top dogs of the financial world. In this ancient industry, there is now no…
According to Reuters, Goldman Sachs (GS) and Morgan Stanley (MS) will give up their investment banking status and become bank holding companies to have access to the government’s proposed $700 billion bailout fund. Reuters…
Henry Paulson has suggested that part of the genius of his plan to save the US financial system by purchasing toxic mortgage paper from banks and brokerages is that it is simple and free…
One senior banker described the new Paulson, Bernanke & Co. plan as "the privatization of profits and socialization of losses." There are a number of reasons why the government’s plan to pull toxic assets…
This is the new official 48-hour period to be known in the future as GOVERNMENT BACKSTOP DAYS. While financial stocks are a big beneficiary of this, the moves being seen in online trading firms…
Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the pre-market. Washington Mutual’s (WM) stock is up more than 40% and AIG’s (AIG) soared…
Vikram Pandit’s job was to cut Citigroup (C) down to size. "Reverse the insanity of the empire builders who came before you", his investors said. Dump the damaged assets and maintain the solid core.…
Once upon a time, on a trading floor not so long ago… The NYSE Euronext, Inc.(NYSE:NYX) used to implement Trading Curbs that were different than the current Circuit Breakers. This was just when it…
We are suddenly seeing a meaningful drop in the major custodial banking stocks. State Street Corp. (NYSE: STT) and The Bank of New York Mellon Corporation (NYSE: BK) are the leaders in this group. …
By John Tamny, RealClearMarkets When he was still running Goldman Sachs, current Treasury secretary Henry Paulson would regularly talk to the classes of incoming associates about what kept him up at night. His answer…
The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs (GS) to handle the deal. According to The New York Times, Wells Fargo (WFC),…
Midwest Banc Holdings Inc. (NASDAQ: MBHI) looks like it is taking an about-face move from its comments from last week. Shares of the holding company for Midwest Bank and Trust Company are hitting new…