According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN. Reuters reports that Ford’s (F) new plans will not change because of the fall in gas prices. Reuters…
Back in January, the Supreme Court placed stringent limitations on scheme liability — the notion that investment banks and accounting firms that inadvertently helped companies commit accounting fraud could face civil liability…
Shorts sellers suffered from a lack of conviction on the direction of financial stocks in the period that ended July 31. They were clear that betting against tech was no longer a…
NY Attorney General Andrew Cuomo wants blood from the banks that marketed auction-rate securities but have not made settlements with him. In his mind, Wachovia (WB), Morgan Stanley (MS), and JP Morgan…
The SEC informal investigation of Bank of America’s (BAC) recently acquired Countrywide Financial has been in progress for months and now there’s a new development. And it’s not good for Bank of…
Douglas A. McIntyre Ambac Financial (ABK) Cut To Underweight at JPMorgan. Ann Talor (AMM) Cut to Market Perform at FBR Bank of America (BAC) Cut to Neutral at UBS FEMSA (FMX) Cut to Equal Weight…
The safe-house for money center banks closed and locked its doors long ago. The mortgage-related paper crisis rolls on like a mighty river and its latest victim is RBS (RBS). But, victim…
Regulators may be trying to keep short sellers out of a few financial stocks, but that is not keeping large bets against most other stocks from rising. While some of the shorts…
Bank of America Corporation (NYSE: BAC) just made key announcements regarding the dividend and the share buyback plans. It has just announced that it declared a regular quarterly dividend on common stock…
Douglas A. McIntyre At the start of the year, many Wall St. analysts and much of the media give the impression that the current financial crisis would pull down all large US banks and brokerages.…
The most important financial lifeline for most small businesses and consumers is their bank. More often than not these banks are regional or local. They are easier to approach and tend to…
The federal government has decided that Fannie Mae (FNM) and Freddie Mac (FRE) are too big to fail. The Fed and Treasury will offer a combination of loans and stock purchases to…
Twenty-seven of the Dow components are down. And, three are playing defense in an brutal market: Coca-Cola (KO), GE (GE), and Caterpillar (CAT). Each of these is up a modest amount. With…
Twenty-seven of the Dow components are down. And, three are playing defense in an brutal market: Coca-Cola (KO), GE (GE), and Caterpillar (CAT). Each of these is up a modest amount. With…
The short interest in most financial and industrial companies rose sharply for the period ending June 30. Shares sold short in Washington Mutrual (WM) rose 21.6 million to 276.4 million. Short interest…