Nasdaq To Launch China Stock Index
Nasdaq (NADQ) will launch a financial instrument that will include 30 stocks from major Chinese companies that trade on US exchanges. Perhaps the drop in Chinese exchanges that caused a sell-off in US stocks…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 324Cramer Questions First Data Options Trades
On today’s WALL STREET CONFIDENTIAL on TheStreet.Com, Jim Cramer noted the First Data (FDC) buyout. He said the he was looking at the options contracts in the $27.50 and $30 calls, and he said…
ZION – Zions BanCorp: Growth through Acquisition
04/02/2007 For a small western bank, Zions has turned itself into a formidable banking conglomerate in a few short years. Starting in 1997, Zions started acquiring banking operations and expanded its footprint under several…
ISE: Equity & Index Trading Volumes Still Soaring in March
The largest equity options exchange in the U.S based on volumes, International Securities Exchange Holdings (ISE), reported that March trading volumes were up 32% YoY, at 2.8 million daily contracts to 2006’s level of…
Broadridge Financial Solutions, Inc (BR)
From Value Discipline ADP has just spun off its Brokerage Services Group into a separately traded company called Broadridge Financial Solutions (BR.) The basis of the spin off was a tax free dividend of…
GFI Group Bathing in Uncertainty
Investors have been showing a lot of love to derivatives broker GFI Group (GFIG) lately, as higher volatility levels in the market could have analysts quickly tossing previous earnings estimates out the window. Current…
Companies That Need to Cut Jobs: Citigroup
Everyone has heard the persistent Citigroup (C-NYSE) discussion about reducing workers and streamlining costs and the coming cuts are just more undefined than they are tentative, but how many job cuts are really needed? …
AT&T Mobile Banking Not Good From Credit Cards
AT&T (T) is launching a program that allows users of its Cingular wireless service to pay bills online. Wachovia (WB) will be the major banking partner. According to Reuters, the deal is a "step…
Citigroup’s Chuck Prince Won’t Take a Hint
Citigroup (C-NYSE) needs to make it 15,001. Chuck Prince told Reuters that he wouldn’t comment on the reports of layoffs. What is ironic here is that Citigroup is down today. Sure you can blame…
What If Citi Gets Sold?
There are several big banks that might like to have Citi’s (C) consumer bank network in the US and abroad. HSBC (HBC) comes to mind. So do BNP Paribus and UBS. The investment banking…
Cutting $1 Billion Is Not Enough For Citi
Citigoup (C) is about to announce that it will cut 15,000 jobs and take a $1 billion charge. For a company that watched expenses rise $7.4 billion last year, it is a drop in…
Citigroup & ABN AMRO? The Chuck Prince Conundrum
There are multiple reports that Citigroup (C-NYSE) may have a faction inside the company pushing Chuck Prince to jump into the bidding process for ABN AMRO (ABN-NYSE/ADR). This would be to nudge out Barclays…
Comerica: All My Exs Live In Texas
As the old country Western song says "All my exs live in Texas". Now Comerica (CMA), the big commercial bank based in Detroit for many decades has decided to leave for Dallas. (The roots…
LEND: Accredited Lives to Fight Another Battle
By William Trent, CFA of Stock Market Beat Subprime lender Accredited in deal to sell loans – Yahoo! News U.S. subprime mortgage lender Accredited Home Lenders Holding Co. (LEND) said it reached an agreement…
Wal-Mart the Ex-Banker; They Still Don’t Get It
Wal-Mart (WMT) has withdrawn its Industrial loan charter application, in what is an obvious throwing in of the towel. This will generate a sigh of relief among community bankers and regional finance and banking…