The skulduggery of banks who want out of LBOs is already widely known, and expected. Big financial companies have tried to put the legs out from under a deal to take Clear…
Banks will post much better earnings as the year goes on. Most of their write-offs are behind them. What else is there on their balance sheets to revise down in value? That…
Credit Agricole may have to raise over $9 billion to rebuild its capital after substantial mortgage-related losses in the last quarter. According to The Wall Street Journal "Crédit Agricole said it will…
Douglas A. McIntyre It may be that Citigroup (C) will never be fixed. According to Oppenheimer & Co analyst Meredith Whitney the bank "will be forced to announce the sale of major businesses toward the…
Douglas A. McIntyre Clear Channel (CCU) has a leveraged buy-out in place. Of course, like many of these deals cut last years, the banks tried to walk out a side door. often claiming that the…
International Lease Finance Corp (ILFC), the big aircraft lending business owned by AIG (AIG) is being pulled down by the financial woes of its parent. It makes money, which AIG does not.…
Not all financial shares are created equal, at least no according to short bets made on NYSE companies for the period ending. April 30 compared to numbers on April 15. Short interest…
According to Reuters, Cablevision (CVC) is close to buy newspaper Newsday Reuters writes that RIM (RIM) is releasing its Blackberry Bold, aimed at keeping its lead in the business market. Reuters writes…
There is a new feeling suffusing the financial markets that the worst of the credit crisis is over. The Fed has done most of its work. US citizens are about to get…
Douglas A. McIntyre Last night we saw news out of the Financial Times reporting that Citigroup, Inc. (NYSE: C) was on tap looking to unload some $400 Billion. The plan is set for today’s analyst…
Douglas A. McIntyre Hank Greenberg, former chief of AIG (AIG), still walks the avenues of Wall St. at night, plotting how to get his old job back. He has been in a series of disputes…
According to Reuters, AIG (AIG) lost $7.8 billion in the last quarter and will have to raise money. Reuters reports that Google says it will have revenue enhancing products for YouTube soon.…
UBS (UBS) telegraphed all ships in the known world as it sank into the Atlantic like the Titanic. The big bank will fire 5,500 poor souls and sell $15 billion of its…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are…
Late word is that the hedge fund business that Citigroup (C) CEO Vikram Pandit sold to the bank for $800 million has lost a huge amount of its value. All of the…
