Visa Inc. submitted another amendment to their IPO filing this morning. The IPO could now be the largest in history, with a proposed maximum aggregate amount in securities listed as more than $18.7 Billion. …
Goldman Sachs has made some key downgrades in the financial sector today. The firm has cut both Fannie Mae (NYSE: FNM) and Freddie mac (NYSE: FRE) from an already "neutral" rating, with implied negative,…
The Fed has offered to to advance banks cash to ease their credit problems. It began the program in December in the hope of helping banks free up capital to make loans and help…
Goldman Sachs (NYSE: GS) is likely to report a bad quarter. Much of this will be due to LBO debt which it has on its books and cannot syndicate to other institutions. It took…
A number of large money center banks and brokers walked away from the role of using their capital to support the auction-rate markets. This market has been in place since 1984. Its size is…
Ambac (NYSE: ABK), the down-on-its-luck muni-bond insurance company may get rescued by several large banks. If the reports are to be believed, Citigroup (NYSE: C), UBS (NYSE: UBS), and Wachovia (NYSE: WB) will put…
On Friday, after a potential deal may be struck to save the monolines, we had been pondering the overall recovery of the healthy banks in the sector. We have covered "the banks that will…
2007 and 2008 aren’t turning out to be the best years for GSE’s like Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Things just got worse for these two this morning. Merrill Lynch…
We’ve seen the consolidation happening on the global exchanges. They are becoming larger and larger powerhouses, and some are coming under more and more scrutiny. This morning’s New York Post ran a piece titled…
There is a menagerie of companies with stocks that look like the boulevard of broken dreams because of the woes in the stock market and economy in January. But no group looks as bad…
Hatteras Financial Corp., a REIT, or a real estate investment trust, submitted an IPO filing this morning. The proposed maximum aggregate amount in securities is listed as $200 million, although this number is for…
BlackRock Inc. (NYSE: BLK) is one of the more well thought of asset managers out there. It typically doesn’t have to respond to market rumors, but there were rumors abound that BlackRock was hiding…
MBIA (NYSE:MBI) has replaced it CEO with former Chairman and CEO Joseph "Jay" Brown, 59, who retired from the firm last May. Brown expressed some degree of confidence about the company’s prospects no matter…
The evidence comes in in pieces. One bit of bad news here and one there. Today, the FT reported that US banks had tapped the Fed’s Term Auction Facility for over $50 billion in…
Just last week Credit Suisse (NYSE:CS) was the cock of the walk. It had been so well-run that its write-downs for mortgage-back securities were small. Unlike other banks in the US and Europe, it…