The US government and authorities in the EU have been up in arms about sovereign funds buying into iconic financial institutions and tech companies. The regulators fear that foreign-backed capital will use its money…
Thornburg Mortgage Inc. (NYSE: TMA) has filed an open shelf registration with the SEC to sell securities from time to time in the form of debt securities, common stock, preferred stock, warrants and shareholder…
A newly created firm called American Capital Agency Corp. has filed to come public. This is a newly-organized Delaware corporation that was formed to invest exclusively in single-family residential mortgage pass-through securities and collateralized…
Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm. Now, he may be out over $1 billion. On Sunday, the Times wrote that Lewis has…
Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came to bail-out Bear Stearns…
It’s official. The CME Group Inc. (NYSE, Nasdaq: CME) is acquiring NYMEX Holdings, Inc. (NYSE: NMX). The commodities and futures exchanges announced a definitive agreement where CME will acquire NYMEX on the terms previously…
Much of the concern about the Fed lending out tens of billions of dollars to financial institutions is that tax-payers will eventually pay the bill. The Fed is taking in securities from banks and…
The Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent. The Fed also authorized the Federal…
Most on Wall St. thought it would come to this, but few thought the price would be so low. JP Morgan (NYSE: JPM) will take over Bear Stearns (NYSE: BSC) for $2 a share.…
According to The Wall Street Journal, JP Morgan (NYSE: JPM) is close to buying Bear Stearns (NYSE: BSC), just days after providing financial aid, which was backed by the Fed, to the brokerage. The…
Because of its exposure to mortgage-related securities, shares in E*Trade (NASDAQ: ETFC) have fallen from a 52-week high of $25.79 to $3.63. Over the last six months, shares of rivals Schwab (NASDAQ: SCHW) and…
Shares in Goldman Sachs (NYSE GS): are only down about 12% over the last six months. That is about the same as the S&P. But, shares in peers Morgan Stanley (NYSE: MS) and Merrill…
Joe Lewis, a British billionaire, has lost $800 million from investing in Bear Stearns (NYSE: BSC). Lewis has almost 10% of the brokerage company’s shares. According to the Times ‘The huge paper losses could…
Sovereign equity funds are huge pools of capital controlled by foreign governments. Most countries have one. Dubai is so rich is has decided it needs two. The country currently has one large fund, Dubai…
Goldman Sachs (NYSE: GS) will take a $3 billion write-down when its announces its quarterly results, according to the Telegraph. That will cut the firm’s first quarter earnings by 50%. "Goldman will also take…