MFResidential Investments, Inc. submitted an IPO filing on Tuesday. The total proposed maximum aggregate amount in securities is listed as $250,000,000 in securities, although this number is merely for filing purposes. The underwriting group…
Eric Dinallo, New York State’s insurance regulator, is a clever devil. He has effectively pitted Warren Buffett against the nation’s biggest money center banks to see who will get the chance to rescue the…
Most banks have been having to be quiet as a church mouse not let their CDO and mortgage operation murder their books all at once. many banks and financials have had to lower their…
Julius Baer Americas Inc. has filed for its Artio Global Investors, Inc. to come public in an initial public offering. It has filed for registration purposes a sale of up to $1 Billion in…
American International Group (NYSE: AIG) saw one ugly Monday with a draw down to a new 52-week low after it disclosed an auditor’s "material Weakness" and new round of decreased values to some $5…
Warren Buffett of Berkshire Hathaway (NYSE: BRK-A, BRK-B) just appeared on CNBC with his plan to save the bond insurance business in the U.S. for municipal bond issuers. He noted that last week he…
American International Group, Inc. (NYSE: AIG) is spooking the financial markets over what is once again another point of the markets not being able to price anything in. AIG in an SEC Filing this…
As if banks and brokerages had not written off enough money for the subprime mistakes, the G7 experts think the figure could go as high as $400 billion. According to the FT "this is…
After booking billions of dollars in losses because of actions by a rogue trader and write-offs in its CDO portfolio, Societe Generale went to the market with a rights offering for almost $8 billion.…
The head of Deutsche Bank (NYSE: DB) said the US could be driven into a deep recession if the muni insurace companies including MBIA (NYSE: MBI) and Ambac (NYSE: ABK) fail. The CEO said…
The US Congress is nervous about sovereign funds from places like China and the Middle East owning too many US banks and financial companies. Some how these firms are "strategic assets" which need to…
Octavian Advisors, LP, a global alternative investment management firm managing over $1 Billon in assets, has hired Arif Gangat as Managing Director and Oscar Mockridge as Director to focus on international distressed debt investments. …
Banks thought they would make money on everything in 2007. Instead, they made money on nothing. That winning streak appears to be extending into 2008. One of the most sure-fire schemes at banks was…
On tonight’s MAD MONEY on CNBC, Jim Cramer was discussing the rhythm of the markets being short sharp rallies followed by sell-offs. But he also had the CEO of NYSE Euronext, Inc. (NYSE: NYX)…
Bankrate Inc. (NASDAQ: RATE) has just posted earnings of $0.33 non-GAAP EPS on revenues of $25.3 million. First Call has estimates at $0.39 EPS on revenues of $26.83 million. The company also gave some…