Banking, finance, and taxes
2224 Articles
Ambac (NYSE: ABK), the down-on-its-luck muni-bond insurance company may get rescued by several large banks. If the reports are to…
If muni-bond insurers like Amback (NYSE: ABK) and MBIA (NYSE:MBI) are forced to break into two pieces, some banks could…
An analysis out of Citigroup says that UBS (UBS) could be forced to write-down $18 billion more of its $80…
According to Reuters, Citigroup says UBS (UBS) may face another $18 billion in write-downs this year. Reuters writes that Alan…
UBS (UBS) had an awful quarter. The Swiss financial firm reported a fourth-quarter loss of 12.45 billion Swiss francs ($11.3…
Eliot Spitzer, former prosecutor and now governor of New York State, will ape comments made by Deutsche Bank (DB) Chief…
A lot of smaller companies will continue to report earnings over the next several weeks, but almost all of the…
Wikipedia listing "No Exit", a 1944 play by Jean-Paul Sartre, (see also–Delphi’s Chapter 11 problem.) On the way to getting…
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…
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