Goldman Sachs Likes Citigroup (C) Bonds
Normally taking extra risk onto a bank balance sheet and getting a debt downgrade would not be considered good news. Citigroup (C) brought $49 billion of SIV debt in-house and, for unrelated reasons Moody’s…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 306Will MBIA (MBI) Lose It “AAA” Rating?
Moody’s is having a look at the "AAA" rating carried by bond insurance firm MBIA (MBIA). MarketWatch writes that "Bond insurers agree to pay principal and interest when due in a timely manner in…
Goldman’s (GS) Brilliant Bet Nets $4 Billion, But Does Little For Customers
The bankers at Goldman Sachs (GS) must be selected from Mensa. When Wall St. bets the wrong way, Goldman takes the other side of the trade and makes billion. The firm is the only…
Citigroup (C) Gets Back On Track
Shares in Citigroup (C) fell to close to $1 during the Latin American loan crisis in the 1970s. During the market difficulties beginning in 1987, the stock fell from $4.50 to $1.40 in 1990.…
ACA’s Being Demoted To Pink Sheets? (ACA, BSC)
ACA Capital Holdings, Inc. (NYSE: ACA) has been notified by the NYSE that it had fallen outside of the NYSE’s continued listing standards and is now "below criteria" and will have a ".BC"status on…
Citigroup (C) Bails Out Its SIVs
Citigroup (C) announced that it has committed to provide a support facility that will resolve uncertainties regarding senior debt repayment currently facing the Citi-advised Structured Investment Vehicles (“SIVs”). Citi will consolidate the SIVs’ assets…
Could Citigroup (C) Fall To $15?
From mid-1998 to later that year, Citigroup (C) fell from $32 to just above $13. The stock moved from almost $4.50 in February of 1987 to $1.40 in October 1990. The markets hit periods…
Blackstone Goes Vulture in Mortgages & Loans (BX, NLY, CIM)
The Blackstone Group (NYSE:BX) this morning announced that it has closed upon the Blackstone Credit Liquidity Partners L.P. and has secured capital commitments of more than $1.3 Billion. If you look at the news…
Goldman Sachs Changes Exchange Call on Conviction Buy List (ICE, CME)
In a coverage swap this morning, Goldman Sachs has made a change to its closely followed CONVICTION BUY LIST. Goldman is adding InterContinental Exchange, Inc. (NYSE:ICE) and removing the Chicago Mercantile Exchange (NYSE:CME). The…
Lehman Beats on Mixed Bag (LEH)
Lehman Brothers (NYSE: LEH) is posting net income of $886 million. On a earnings per share basis it posted $1.54 EPS versus $1.42 EPS estimates and revenues were $4.4 versus $4.25 Billion estimates. What…
Countrywide (CFC) Loan Activity Takes Sharp Drop
According to numbers provided by Countrywide (CFC) Mortgage loan fundings for the month of November 2007 totaled $23 billion, a 40 percent decline from November 2006. Average daily mortgage loan application activity for November…
Lloyd Blankfein’s $70 Million Pay Day
Word out yesterday was that Richard Fuld, CEO of Lehman (LEH), would make $35 million for his year’s work. Lehman stock is down over 20% this year. But, the company’s board probably decided that…
Can Lehman Escape The Broker Earnings Hat Trick? (LEH, GS, BSC, C, XLF)
We are set to get the highly awaited earnings report out of Lehman Brothers (NYSE: LEH) on Thursday morning, and this could be the largest catalyst for brokers and financial stocks since the FOMC. …
Bank Of America (BAC) Falls On Its Sword
In an SEC filing ahead of an investor presentation, Bank of America’s (BAC) CEO says that the fourth quarter will be a bit of a train wreck. At Bank of America, we currently expect…
Which Financials May Slash Dividends Next? (WM, FMD, RWT, BAC, C, KEY, WB, SFI, CSE)
Yesterday’s announcement that Washington Mutual (NYSE: WM) about a dividend slash, layoffs, exit of sub-prime, and a capital raise was greeted with far less than joy. 24/7 Wall St. has already warned not to…