A look at the Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB) deals to raise more capital indicates that other banks and brokerages are looking at below-market deals if their Q1 numbers are light.…
It is one thing for Citigroup (NYSE: C) to sell $12 billion in leveraged corporate loans to private equity firms and even lend part of the money for the transactions. It is another for…
CDOs and other derivative instruments are often huge collections of securities broken into tranches, some of which are much more risky than others. Institutional investors are now trying to pry the more valuable pieces…
Early indicators from companies like Wachovia (NYSE: WB) and General Electric (NYSE: GE) show that the last half of March may have been tougher on banks earnings than Wall St. expects. Bloomberg recently reported…
Wachovia Corporation (NYSE: WB) has priced its offerings for common stock and convertible preferred stock right before the open this Monday after a dismal earnings report. They plan to offer 145,833,334 shares of common…
Deutsche Bank (NYSE: DB) is in the process of selling $20 billion of LBO loans. If the financial firm thought its earnings were OK and that its balance sheet would allow it to do…
Wachovia (NYSE: WB) will raise between $6 billion and $7 billion. Will the money come in at $28 where the bank trades now? That is already down by half from the 52-week high of…
This week, we’ll have an earnings onslaught from major US financial institutions for Q1 2008 quarterly results. What investors need to grasp from these financial giants is not whether or not the companies beat…
Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER) could show write-offs of $5…
National City Inc. (NYSE: NCC), has fallen on reports that the Bank of Nova Scotia (NYSE: BNS), the second largest Canadian lender by assets, has offered an minority investment in the troubled bank. National…
MSCI Inc. (NYSE: MXB) has filed to sell up to 30,861,235 shares in a secondary offering. Unfortunately, all of the shares are from selling holders. Those selling holders are Morgan Stanley (NYSE: MS) and…
Despite the beating it has taken in Chrysler, private equity fund Cerberus has about $7 billion on the sidelines to put into bank assets, many of which are going for a fraction of their…
In a sign that write-offs are still coming from unexpected quarters, Lehman (NYSE: LEH) has disclosed that it will liquidate three funds which have found themselves in deep trouble. According to Reuters "The bank…
Apollo Global Management, LLC, appears to be planning to become fully public as it submitted an S-1 filing with the SEC. The company is currently semi-public on the Goldman Sachs GSTruE over-the-counter private market…
Nothing ever goes wrong at Goldman Sachs (NYSE: GS). Their uncanny ability to do well irratates thei competitors to the point of distraction. Due to the company’s performance its shares have done better so…