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According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss…
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought…
There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by…
According to Reuters, bond giant Pimco called for more governemt support for the financial system saying the the credit crisis…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division…
According to Reuters, NY State sent subpoenas to Bank of Americ (BAC) executives over auction-rate securities. Reuters reports the Boeing’s…
The Commerzbank buy-out of Dresdner Bank was not a shotgun wedding. Neither institution was failing. The severe balance sheet problems…
Short sellers believe that they have seen the bottom for financial shares and exited the industry en masse. Shares sold…
Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America…
Why any bank which has undermined the value of its shares by poor management and taken billions of dollars in…
With nearly all of the top investment banks in a precarious financial position as a result of horrific investments in…
So far there are some changes seen in the holdings of Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A). We…
According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN. Reuters reports that Ford’s (F) new…
Back in January, the Supreme Court placed stringent limitations on scheme liability — the notion that investment banks and accounting…
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July…
Our top personal finance-related articles today. Your wallet will thank you later.