Photo by Spencer Platt/Getty ImagesWhether it’s the latest effort by the Federal Reserve to pump some liquidity into the US economy or it’s the IMF’s statement that Europe’s banks need another $440…
“Never apologize. It’s a sign of weakness” — John Wayne as Captain Nathan Brittles in She Wore a Yellow Ribbon (1949) CEOs are rarely in the business of apologizing. They leave the…
Morgan Stanley (NYSE: MS) has just released a “leadership transition” at the company. John Mack, known formerly as ‘Mack the Knife,” is stepping down as Morgan Stanley’s Chairman and is retiring at…
Bank of America (NYSE: BAC) will need a new CEO soon, if the market’s reaction to the current plans of chief executive Brian Moynihan remains poor. Moynihan has said he will cut…
This morning’s report that Citigroup Inc. (NYSE: C) has downgraded its fellow banks’ earnings was based on fears that the European banking system is facing severe pressure from economic weakness on the…
Major banks and brokerage firms do not cover their own banks, for obvious reasons of conflicts of interest. They do, however, cover their peers and rivals. Many investors believe that the banks…
American International Group, Inc. (NYSE: AIG) has filed a registration Form S-1 for a proposed initial public offering of its wholly-owned IFLC Holdings, Inc. subsidiary. IFLC is the aircraft leasing unit of…
Bank of America Corporation (NYSE: BAC) has been the subject of more rumors and more speculation than one could imagine. Most of the rumors and speculation feel like 2008 rather than 2011. …
Morgan Stanley (NYSE: MS) has decided to officially acknowledge what most economists and educated people around the world already know. The global economy has begun to grind to a halt and will…
Douglas A. McIntyre Hewlett-Packard’s (NYSE: HPQ) new CEO faces investors concerned about its prospects. (Reuters) U.S. box office sales near records despite the slowdown. (Reuters) Lenovo posts strong earnings in spite of troubles with global…
Investors couldn’t have missed seeing the recent waves of new corporate share buyback plans. What they may have not noticed as clearly is the increasing trend in “legal insider trading” — when…
Financial markets have been reeling as investors grow more concerned about the economy: An S&P downgrade of the full faith and credit of the United States, dismal GDP data, and ongoing weak…
Morgan Stanley (NYSE: MS) has sold off enough! That is what the company CEO is saying, and he’s putting his money where is mouth is. A Form-4 SEC filing this morning shows…
Jon C. Ogg Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Alcatel-Lucent (NYSE: ALU) Cut to Sell at S&P Equity Research. Altria…
24/7 Wall St. has long considered E*TRADE Financial Corporation (NASDAQ: ETFC) as a buyout candidate in the world of online brokerage firms. The company made some big gambles in an effort to…
