Robert Benmosche, the CEO of American International Group, threatens to quit his job so often that it could be timed by a metronome. He whined when the press criticized him for spending…
Douglas A. McIntyre There are many stocks on the move this morning, some from earnings some not. The active trader and day trader alerts seen so far this morning in the pre-market are American International…
Reuters: Democrats will make a final push for financial reform. Reuters: Hurricane Alex is likely to affect clean-up efforts in the Gulf significantly. Reuters: Oil will have its first quarterly drop in…
Treasury Secretary Tim Geithner made a number of important observations during his testimony before the Congressional Oversight Committee. The most outstanding of these is how much money from the TARP investment has…
Restructuring never ends in many large corporations. After a week’s worth of reading through dozens of corporate deals in the pipeline and analyzing others which could be close, it seems that many…
Updated throughout the day. The government has ended its investigation into American International Group, Inc (NYSE: AIG) and its management. (CNBC) Clothing company Barney’s will lose $60 million this year (NYPost) Nomura…
Douglas A. McIntyre The Treasury Department reported that in May TARP repayments to taxpayers have, for the first time, surpassed the total amount of TARP funds outstanding. “Treasury’s report showed that, through the end of…
The Congressional Oversight Panel issued a report today which says that the Federal Reserve and Treasury Department did a poor job of rescuing American International Group (NYSE: AIG), which put $160 billion…
The Congressional Oversight Panel attacked the Treasury for two aspects of its bailout of American International Group (NYSE: AIG): “By providing a complete rescue that called for no shared sacrifice among AIG’s…
Reuters: Volcker is optimistic about a good financial reform bill. Reuters: BP plc (NYSE: BP) shares dropped on concerns about financial viability. Reuters: China exports rose, putting the yuan issue center stage.…
Reuters: Bernanke said Europe is committed to keeping the euro as currency. Reuters: Congress has begun the final stage of financial reform legislation. Reuters: Apple Inc. (NASDAQ: AAPL) introduced the new iPhone.…
Reuters: More doubts about the global economy arose as the G20 prepares to meet. Reuters: American International Group (NYSE: AIG) is not sure about the future of AIA. Reuters: …
American International Group, Inc. (NYSE: AIG) bankers have, according to Bloomberg, estimated that its Asian life insurance unit would be valued between $32 billion and $36 billion after an IPO. While perhaps…
Reuters: G20 nations have no agreement on a bank levy. Reuters: Buffett’s testimony before the Financial Crisis Inquiry Commission did little to change members’ views of the ratings agencies. Reuter: Facebook’s CEO…
Updated throughout the day. The SEC is seeking to bar banker Steven Rattner from the securities industry. (NYTimes) Prudential plc may be a takeover target after its failed bid to buy AIA…
