24/7 Wall St. has evaluated over 200 CEOs in order to select it CEO of the Year. Six finalists were chosen from the list. The measurements were based on company stock performance…
Jamie Dimon, head of JP Morgan (JPM), predicts that there will be a large number of bank mergers, especially in the US and Germany. Dimon may be right. It makes sense for…
Another SIV has been bailed out by a major bank. Dutch bank Rabobank will move $7.6 billion of SIV assets onto its balance sheet. The SIV in question, Tango Finance, was co-managed…
Douglas A. McIntyre Economists hoped that, even though some US consumers would have trouble making mortgage payments, there was enough income in the market to keep credit card and car payments fairly safe.It does not…
Douglas A. McIntyre A funny thing happened on the way to creating a $100 billion "Super Fund" to loan money to SIVs which needed short term cash to stay in business. These SIVs own a…
Douglas A. McIntyre The Dubai International Capital fund has $15 billion to invest. Temasek Holdings, Singapore’s state-owned investment company, just put $2 billion into a new investment vehicle in China. According to the IHT "the…
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There…
According to Reuters "the Federal Reserve will cut interest rates by 100 basis points before June to help the housing market, Citigroup’s (C) chief economist, Lewis Alexander, said on Monday." Douglas A.…
Douglas A. McIntyre Going back a year, it would be inconceivable that a large American bank might need to be bailed out. But, Citigroup (C) is facing two daunting problems. One is that Moody’s is…
Douglas A. McIntyre According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales. Reutes writes that Nasdaq (NDAQ) has opened its…
According to The Wall Street Journal "Debt-rating agency Moody’s Investors Service, signaling a new turn for the worse for some bank-affiliated funds, said it downgraded or put on review debt totaling $119…
The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The Wall Street Journal writes that ‘The Bush administration and major financial institutions…
There is no crying in baseball or whining in big business. Sears CEO Aylwin Lewis said, regarding the company’s 99% drop in earnings in the last quarter: "We are very disappointed in…
It is always a wonder when the markets go from horrible to wonderful in two mere days. If you asked traders, institutions, and brokers last week (or even Monday) what to expect,…
Douglas A. McIntyre According to Reuters, "Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of America Corp as it was dealing with billions of dollars in mortgage-related losses…
