Bank of Montreal (NYSE: BMO) is expanding in the U.S. The fourth largest bank in Canada is acquiring Marshall & Ilsley Corp. (NYSE: MI) for $4.1 billion in stock. The terms call…
You most likely saw the carnage that came to MasterCard Incorporated (NYSE: MA) and Visa, Inc. (NYSE: V) today. The markets were braced for more changes coming to the interchange fees, also…
The U.S. Treasury has exited its stake in Citigroup Inc. (NYSE: C). Normally you would expect shares to drop when you see 2.4 billion shares sold out or so, but that is…
Reuters: Obama’s deal with Congress will extend Bush tax cuts for two years. Reuters: The US will sell its remaining shares in Citigroup (NYSE: C) and will make a $12 billion profit.…
An SEC filing right after the close of trading on Monday is showing that the Treasury is set to unload shares of Citigroup, Inc. (NYSE: C). The filing did not disclose how…
Jon C. Ogg Regulators have hinted in the U.S. about the stage being set for a return to normalized dividends from major banks. If Canada is a model and if the Canadians act as a…
Updated throughout the day. Shares of Actelion are up on takeover rumors (Reuters) KKR (NYSE: KKR) is about to buy Del Monte (NYSE: DLM) (Reuters) Pacific Investment Management Co (PIMCO) will raise $1…
The recorded music business has been getting beaten up for the last decade or so, starting with the original release of Napster in the late 1990s. Music industry executives decided that they’d…
It is 13F season and investors are looking to see what their favorite gurus are up to. While everyone is looking at the slew of Buffett portfolio changes, it is John Paulson…
Short sellers moved into the shares of large financial firms, perhaps sensing the effects of new regulation and an exit from proprietary trading businesses. The short interest in Citigroup (NYSE: C) rose…
Updated throughout the day. Aol (NYSE: AOL) has hired investment bankers to look at strategic option which may include a bid for Yahoo! (NASDAQ: YHOO) (WSJ) Sara Lee (NYSE: SLE) is close…
Chine criticized the US for its QE2 program because it believe the move will add to much liquidity to emerging markets. (Reuters) Regulators have begun to examine Citigoup debt funds to see…
It is no surprise that after a stock market rally that investors want more of a rally. Dow Theory has been confirming the market rally with gains in transportation and industrial stocks,…
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Updated throughout the day. Bank of America (NYSE: BAC) is under to buy back sour mortgages that it syndicated (NYT) Bank of America and Citigroup (NYSE: C) have begun to test Apple…
