Three US hedge funds apparently have targeted beleaguered British mortgage bank Northern Rock. They plan to buy it and break it into pieces, leaving the company’s stock holders with almost northing, according to The…
HSBC (HBC), the largest bank in Europe, said HSBC Finance would close Decision One Mortgage. According to Reuters the company will be "cutting 750 jobs and taking an $880 million writedown, because the business…
There was no clear direction in the change in NYSE short interest on the major bulge bracket brokerage firms. If you look at the earnings this week, Goldman Sachs seems to have been the…
It looks like short sellers decided to bail out of the money center banking stocks ahead of the FOMC decision on rates. This is consistent with the overall trends if you look at the…
The short interest data for the NYSE Euronext (NYSE:NYX) and the American Stock Exchange are both out and they are both showing something we haven’t seen for some time: short interest declined, if you…
The NASDAQ Stock Market (NASDAQ:NDAQ) has been in a long hunt over how it plans to grow and compete in a new world of mega-exchanges, and frankly its second place status in the U.S.…
On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to review how all brokerage firms aren’t cut from the same cloth. The broker to own is the one Cramer always touts as the best,…
Last night we put out an alert where traders were clearly making a bet that Goldman Sachs (NYSE:GS) was going to be an earnings winner compared to its smaller and more troubled Bear Stearns…
MarketWatch is reporting that The Qatar Investment Authority said it’s taken a 20% stake in the London Stock Exchange literally hours after Borse Dubai said it was buying 28% of the LSE from the…
The deal, hatched by Nasdaq management with the help of the owners of the Borse Dubai is one that only a schizophrenic could understand. Dubai will buy slightly less than 20% of The Nasdaq…
On Thursday, September 20, we get the dual reports from Bear Stearns (NYSE:BSC) and from Goldman Sachs (NYSE:GS): Bear Stearns is expected to post $1.78 EPS on $1.65 Billion in revenues. On Monday shares…
We reviewed our different portfolios of key stocks to see which ones performed the best today, and it wasn’t just the financials as a general class. At the end of the day, Jim Cramer’s…
Turner Investments Inc. has filed to come public via an IPO. For filing purposes it listed $150 million as the amount up to which it will securities, although this is nominal and usually changes. …
Lehman Brothers Holdings Inc. (NYSE: LEH) has just reported net income of $887 million, or $1.54 per common share (diluted), for the third quarter ended August 31, 2007. This does represent a drop of…
Maybe Moody’s (MCO) should have thought of this before. According to the FT, Moody’s is considering overhauling the way it rates complex financial instruments to analyse how these products might behave in a liquidity…