Banking, finance, and taxes
2216 Articles
Eric Dinallo, New York State’s insurance regulator, is a clever devil. He has effectively pitted Warren Buffett against the nation’s…
According to Reuters, GM (GM) offered buy-outs to workers after posting a large Q4 loss. Reuters writes that Warren Buffett…
The US Treasury is encouraging several large banks, lead by Citigroup (C) and Bank of America (BAC) to freeze foreclosures…
Bank of America has release a study showing the levels of LBO write-downs that large banks and brokerages may have…
After booking billions of dollars in losses because of actions by a rogue trader and write-offs in its CDO portfolio,…
Cisco (NASD: CSCO) and EDS (NYSE: EDS) have businesses which point different directions on a compass. But, it is the…
Short interest in financial stocks generally fell in NYSE figures for January 31. Numbers compare to January 15. Shares sold…
Citigroup (NYSE: C) is trading off over 5% today. Wachovia (NYSE: WB) and JP Morgan (NYSE: JPM) are down over…
Ambac (ABK) and MBIA (MBI) figured they could improve their earnings by putting money into swaps and derivative instruments. For…
As the selling of bank shares has fallen off, Wall St. has begun to believe that the worst of the…
The head of insurance regulation in NY State is busy as a bee trying to bail out Ambac (ABK) and…
As if some miracle had saved the financial system and averted a recession, shares in bank and brokerage companies moved…
People still take about how Hannibal crossed the Alps to attack the Romans in 218 BC. Years from now they…
Senior officials of the US Treasury Department are sneaking around Davos trying to get the managers of big sovereign funds…
Years ago, in a fit of creativity, some journalist coined the term "rogue trader" to describe some manic soul who…
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