If you think ratings agencies do not quite matter any longer, today may be a reminder that they can still create at least some nervousness even if they are just late to…
An agreement in Greece is sending European shares higher in New York ADR trading this Monday morning. Is it real this time? And is it not just a temporary measure until the…
Following a poor fourth-quarter earnings report, Britain’s Barclays plc (NYSE: BCS) will join other big banks like Deutsche Bank AG (NYSE: DB), Morgan Stanley (NYSE: MS), Credit Suisse AG (NYSE: CS), Citigroup…
Reports are out that parties in Greece have finally agreed to a debt and austerity deal that will allow it to get its bailout funding and to remain part of the Euro. …
As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a $25 billion…
Germany’s largest bank, Deutsche Bank AG (NYSE: DB) has followed the lead of Morgan Stanley (NYSE: MS), Credit Suisse Group AG (NYSE: CS), and Citigroup Inc. (NYSE: C) in announcing a cap…
The 24,000 employees of Barclays plc (NYSE: BCS) can look forward to an announcement next week that they will be getting a cut of 25%-30% in the compensation this year. That’s not…
Today is Facebook Day. It will be remembered that way as long as there are IPOs. The Facebook public offering has every aspect of what makes IPOs the focus of so much interest.…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Wednesday morning. Amazon.com Inc. (NASDAQ: AMZN) Maintained Neutral but cut target…
Deutsche Bank AG (NYSE: DB) has announced a new methodology of predicting inflation. How well it works is anyone’s guess, but the international banking giant is launching the DB Market-Implied US Inflation…
Jon C. Ogg Wal-Mart Stores Inc. (NYSE: WMT) wanted to buy South Africa’s Massmart chain for about $4.6 billion in 2010. The chain countered with an offer for Walmart to buy 51% for about $2…
Swiss crude oil refiner Petroplus has temporarily halted operations at three of its five European refineries after the company’s banks refused to extend the $1 billion credit facility Petroplus uses to buy…
Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
Moody’s downgraded its long-term rating of Societe Generale to A1. Its ratings of Credit Agricole and BNP Paribas dropped to Aa3. If Moody’s had confidence in a solution to the eurozone debt crisis, it probably…
Douglas A. McIntyre Sarkozy and Merkel have gone from killers of the markets to saviors of the market, and oddly enough there is no full resolution yet to the Euro Zone debt crisis other than…
