Banking, finance, and taxes
2412 Articles
Citigroup (C) came clean about what everyone with any sense already expected. Write-offs at the money center bank are not…
Wall St. almost always takes the public proclamations of hedge funds and short sellers with a grain of salt. But,…
MGIC Investment (MTG) Money still moving out of bond insurers. Down to $8.75 from 52-week high of $62.94. US Airways…
From the viewpoint of pessimists, it was just a matter of time. The run-up in financial shares which began in…
It turns out that Frank Mozilo, head of Countrywide (CFC), was passing out special mortgages to people including two former…
Washington Mutual (WM) More banking concerns. Hammered to $7.12 from 52-week high of $44.19. Bank of America (BAC) Death to…
Indevus Pharmaceuticals (IDEV) Bad news on drug trial. Falls to $1.21 from 52-week high of $8.22. Ambac (ABK) Possible downgrade…
Standard & Poor’s has come out with a report that is actually weighing down on the entire market even though…
Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today…
Oppenheimer now puts out a negative report on banks stocks every other day, like clock work. Today’s reports says that…
Banks will post much better earnings as the year goes on. Most of their write-offs are behind them. What else…
A series of lawsuits against the board and management of Countrywide (CFC) accuses them of insider trading and not being…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper…
One of the interesting by-products of S&P cutting Countrywide’s (CFC) debt to junk is that Bank of America (BAC) may…
Bond-holders who own debt in Countrywide (CFC) have assume that Bank of America (BAC) would take those obligations on and…
Our top personal finance-related articles today. Your wallet will thank you later.