Primary dealers borrowed $28.8 billion from the Fed during the first three days a new facility was open. Reuters writes that "Primary dealers borrowed more than $13.4 billion a day from the U.S. Federal…
The acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital and Huawei was already questionable, and then regulatory questions turned into trouble, and now trouble has turned into an outright dead deal. An affiliate…
Richard Breeden has disclosed in an SEC Filing that he has aggressively bought shares of H&R Block (NYSE: HRB) this week. From the dates of March 18 to March 20, Breeden purchased roughly 2.435…
CIT Group Inc. (NYSE: CIT) has announced that it is drawing upon its $7.3 Billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt maturing in 2008, including…
This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can’t hold a major up-day. Merrill Lynch & Co. (NYSE: MER) is feeling the…
Visa, Inc. (NYSE: V) has just opened for trading after its record IPO for a US-listing. The buy interest has been increasing all morning. Visa shares have just opened for trading at what looked…
Thornburg Mortgage, Inc. (NYSE:TMA) is seeing shares get hit this morning. While new financing may be a reprieve, it looks like it is coming at a high price with conditions that will be difficult…
E*TRADE Financial Corporation (NASDAQ: ETFC) has noted that customer cash and depositsincreased by nearly $1 billion in February, although total retail customer assets including customer cash and securities fell 1.7% month over month to…
Visa, Inc. (NYSE: V) will trade this morning. The deal has priced at $44.00 per share, which is $2.00 above the range of $37.00 to $42.00 per share. That is also what we noted…
Tonight we are going to get the highly awaited VISA, Inc. initial public offering. This one has been on the books since November 2007 and we have previously noted that this was going to…
If you have been around the markets for a decade you’ll know the name Frank Quattrone quite well. Quattrone was one of the most influential investment bankers in the 1990’s who also became the…
Goldman Sachs (NYSE: GS) has just posted earnings, and while many metrics are lower than last year the results overall were well above estimates that had been lowered in a weakening environment. The company…
With Citigroup’s (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of write-downs which may be coming for subprime paper, credit card debt, and troubled LBO…
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public and investors…
Alliance Data (NYSE: ADS) had given Blackstone (NYSE:BX) notice that the private equity firm is no longer negotiating in good faith to complete a buy-out. The charge probably has the benefit of being true.…