VeriFone Does The Unthinkable (PAY)
VeriFone (NYSE:PAY) is seeing shares crushed today after the company issued a release stating that it was going to restate financial results and quarterly financial statements for 2007. This is due to errors in…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 308A Huge Bail-Out for Citigroup (C)
Going back a year, it would be inconceivable that a large American bank might need to be bailed out. But, Citigroup (C) is facing two daunting problems. One is that Moody’s is probably going…
Citigroup’s (C) SIV Problems Get Worse, Perhaps A Hedge Fund Can Buy The Bank
According to The Wall Street Journal "Debt-rating agency Moody’s Investors Service, signaling a new turn for the worse for some bank-affiliated funds, said it downgraded or put on review debt totaling $119 billion that…
Freddie Mac Moves Into Value Investor Circle (FRE, FNM)
We won’t rehash the credit malaise that has punished shares of Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM). You’ve already seen it, heard it, felt it, and maybe lost money over it. But what…
Citadel Saves E*Trade With Huge Investment
E*Trade (ETFC), the big discount broker, was in such bad shape that the market thought a firm like TD Ameritrade (AMTD) would walk in and get the firm for next to nothing. It would…
Citgroup (C) Trading Down On Investment News
Citgroup (C) may have gotten a $7.5 billion investment from a fund controlled by the Abu Dhabi government, but its shares are down .4% in the pre-market. It may that Wall St. thinks that…
Why Breaking Up Citigroup (C) Makes No Sense
Citigroup (C) got a cash infusion of $7.5 billion from the investment arm of the Abu Dhabi government which seems to be taking a piece of every business in the world including local car…
$30 Critical For Citigroup (C)
Citigroup (NYSE:C) has probably been covered to death, but the 5% drop and the flirt with $30.00 puts this one at a severe risk today. The last time shares were down here right above…
Punk Ziegel & Co Says Super SIV Fund May “Defraud Investors”
Citigroup (C), JPMorgan (JPM), and Bank of America (BAC) want to raise a fund worth $80 billion to make short-term loans to SIVs that do not currently have a market for many of the…
CNBC Say Citigroup (C) Preparing For Huge Lay-Offs
CNBC says that a senior official at Citigroup (C) has said that the bank is preparing for huge lay-offs. Douglas A. McIntyre
HSBC (HBC) Puts SIVs Onto Balance Sheet, Pressures CitiGroup (C)
HSBC (HBC) is taking $41 billion in SIV assets onto it balance sheet, a move that could pressure US banks like Citigroup (C) to follow. Bloomberg writes "investors in the SIVs will be able…
E*Trade (ETFC) Mortgage Business May Block Sale
E*Trade (ETFC) should start looking for a big investor. With a market cap of just over $2 billion, it may have to give up a big chunk of the company, but common shareholders may…
Some Investment Advice For Dubai (YHOO)(HD)(GE)(MO)(DELL)
Now that Dubai International Capital has bought a piece of Sony (SNE), it must have a lot more capital to spread around. A shopping list: Yahoo! (YHOO) The stock is still down from $43…
With Citigroup (C) and Countrywide (CFC) Down Again, No Sign Of Recovery
Last week’s trading might have been a bell weather for whether the market thinks the worst is behind some of the troubled financial institutions. But, as The Wall Street Journal pointed out, the number…
Greed Is Good Story Of The Month
Buy-out firms like KKR and Blackstone (BX) are buying back the debt that their banks took on for LBOs over the last nine months. Big commercial banks like Citigroup and JP Morgna (JPM) put…