The Nasdaq: Where Delisting Means Nothing
Dell (DELL) got another delisting warning yesterday. It has to file its financials on time, or risk being thrown off the exchange. Dell has gotten a number of these. but Nasdaq (NDAQ) keeps pushing…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 316E*Trade, Missing The Obvious (ETFC, AMTD, SCH)
E*TRADE FINANCIAL Corp. (NASDAQ:ETFC) announced it is exiting or restructuring non-core businesses that "lack a direct and strategic connection with its retail customers." It’s also getting an earnings whack: is revising its 2007…
Lehman Set To Lead Broker Earnings Ahead of the FOMC (LEH, BSC, MS, GS)
We compiled a summary of the key brokers reporting this week, and here you can see a full detailed preview that we offered on Friday for the whole sector with more detailed data: Lehman…
NYSE Gets Slapped Hard On Chinese Listings
Shares of Chinese companies listed on the NYSE (NYX) have sub-standard earnings. That is the conclusion of a study by RateFinancials, an independent research firm, covered in the FT. Since the NYSE views itself…
Has Nasdaq Unloaded Its Interest In LSE?
Nasdaq (NDAQ) has not had much luck in the M&A markets. Its most embarrassing attempt at increasing its presence overseas was it run at the London Stock Exchange. NDAQ ended up with 31% of…
Mortgage And Bank Stocks: Save Investors, Open The Books
Shares in Northern Rock, a big UK mortgage company are down almost 30% on news that the Bank of England had to provide emergency loans. Shares in CountryWide (CFC) are off 50% in less…
Goldman Sachs: The Smartest Guys In The Room
The problem with being super-smart is that when you become dumb it is more obvious. The Goldman Sachs (GS) Global Alpha fund, pride of the bank and the hedge fund industry, is now down…
Forget the FOMC, Watch Major Broker Earnings (BSC, LEH, BSC, GS, AGE)
Next week is the highly awaited FOMC meeting and the expected decision next Tuesday is certainly that a rate cut is coming. But the predicament bet is mixed, with some looking for a 25-basis…
Accredited Home Lenders Still Has Hopes Of Merger, But… (LEND)
LSF5 Accredited Investments, LLC, the subsidiary of Lone Star Fund V that had offered in June to acquire Accredited Home Lenders Holding Co. (Nasdaq: LEND), announced that it is extending its tender offer for…
TradeKing Looks At Its Place In Brokerage Industry
TradeKing CEO, Don Montanaro, has been around. He started at Quick & Reilly which was famous as a pioneer in customer service at discount brokerage firms. And, the lessons he picked up there have…
A Second Bail-Out For Countrywide
Countrywide (CFC) Financial has hired Goldman Sachs and law firm Wachtell Lipton Rosen & Katz to arrange another multi-billion investment in the company, just weeks after Bank of America (BAC) made a $2 billion…
More Exchange Mergers Coming? (NMX)
NYMEX Holdings, Inc. (NYSE:NMX) has been making another one of its mystery rallies today, as shares traded up to over $129.00 before today’s close. This one has been thought of in the past as…
KKR Knuckles Under
After weeks of sabre rattling about how its would hold banks to their lending commitments on money to finance its takeover of First Data (FDC), KKR "appears willing to agree to a covenant that…
Will Countrywide Make It? 12,000 More Job Cuts
Countrywide Financial (CFC) did what it could to keep the news out of the light. But late Friday The Wall Street Journal put out word that 12,000 more people would be fired at the…
Where Does The Market Go If Credit Agencies Crater?
It was not that many years ago that a slew of investigations almost ruined the big players in the accounting industry. Arthur Andersen disappeared under the weight of a Justice Department investigation. The process…