The heads of Germany, France, Spain and Italy meet to seek a solution to the financial crisis in the eurozone. (Reuters) A “bug” interrupts Twitter service twice. (Reuters) Moody’s downgrades 15 banks,…
We had been informed that Moody’s was going to finally release its massive downgrade of the banking system today. The Moody’s warning came back in February that the downgrade was coming, so this…
24/7 Wall St. has been expecting this highly anticipated Moody’s downgrade of the large banks and investment banks for weeks. It appears that the wait is over as the downgrade is set…
Flickr, Images of MoneyAs part of the $26 billion mortgage foreclosure settlement reached between the federal and state governments with a number of mortgage lenders, borrowers who believe that their homes were…
Shares of Bank of American Corp. (NYSE: BAC) are up about 5% today on two bits of news. First there’s the story that the bank is negotiating a sale of its wealth…
J.P. Morgan Chase & Co. (NYSE: JPM) is leading the markets higher this morning ahead of the Jamie Dimon testimony. The problem is that Bank of America Corporation (NYSE: BAC) is trumping…
Huntsman Corporation (NYSE: HUN) is rumored to be back in play. If you will recall, this was the subject of a private equity buyout back during the private equity bubble and its $6.5…
Two things happened today in the Jamie Dimon hearing in front of Congress over the $2 billion loss (or is it $4 billion yet) for J.P. Morgan Chase & Co. (NYSE: JPM). …
Tiger Woods could win the U.S. Open this weekend and complete the comeback that may move him back into the spot as the world’s number one golfer, a position he held for years. Some…
If Jamie Dimon, CEO of J.P. Morgan Chase & Co. (NYSE: JPM), is really going to be grilled hard in Congressional hearings on Wednesday, then why is it that shares of J.P.…
Jon OggThe short interest data is out using the May 31 settlement date. As the market dropped so much in May, it is an interesting look to see what short sellers did…
As new regulations have eaten into their profits, banks have looked for new ways to increase revenue from their customers. Many banks tried, unsuccessfully, to implement debit card fees. More successful for…
Fitch has already warned today that if the United States dos not get a credible fiscal plan after the elections that it would likely downgrade the United States’ sovereign credit rating. Now…
US Senator Chris Coons (D-Delaware) is scheduled to introduce legislation today that would allow a wide range of renewable energy projects to qualify as master limited partnerships (MLPs). The partnerships are common…
SNL Financial has released its list of largest banks by assets and deposits. The list is as you might expect with the large money center banks being ranked, but where some of the…
