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Jamie Dimon, head of JP Morgan (JPM), predicts that there will be a large number of bank mergers, especially in…
Another SIV has been bailed out by a major bank. Dutch bank Rabobank will move $7.6 billion of SIV assets…
Economists hoped that, even though some US consumers would have trouble making mortgage payments, there was enough income in the…
A funny thing happened on the way to creating a $100 billion "Super Fund" to loan money to SIVs which…
The Dubai International Capital fund has $15 billion to invest. Temasek Holdings, Singapore’s state-owned investment company, just put $2 billion…
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB)…
According to Reuters "the Federal Reserve will cut interest rates by 100 basis points before June to help the housing…
Going back a year, it would be inconceivable that a large American bank might need to be bailed out. But,…
According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the…
According to The Wall Street Journal "Debt-rating agency Moody’s Investors Service, signaling a new turn for the worse for some…
The federal government and several large mortgage lenders have a plan to freeze loan rates for certain subprime borrowers. The…
There is no crying in baseball or whining in big business. Sears CEO Aylwin Lewis said, regarding the company’s 99%…
It is always a wonder when the markets go from horrible to wonderful in two mere days. If you asked…
According to Reuters, "Citigroup Inc got a call from a prominent investment banker suggesting a merger with Bank of America…
Tonight on CNBC’s MAD MONEY, Jim Cramer wanted to discuss some trades off of fresh deals. After Abu Dhabi invested…
Our top personal finance-related articles today. Your wallet will thank you later.