Reuters:Â Â Obama’s poll ratings on the economy dropped. Reuters:Â Â Bank of America (NYSE:BAC) picked insider Brian Moynihan as CEO. Reuters:Â Â Bernanke’s confirmation should pass its first hurdle. Reuters:Â Â The US delayed selling…
Updated throughout the day. Citigroup (NYSE:C) will be able to avoid about $38 billion in taxes under an agreement with the government (Washington Post) Playboy’s (NYSE:PLA) buyout talks with Iconix have fallen apart (Bloomberg) Goldman…
Reuters:  Galleon’s Raj Rajaratnam was indicted for securities fraud. Reuters:  Concerns about interest rates hurt the markets. Reuters:  Inconix broke off buyout talks with Playboy (NYSE:PLA). Reuters:  Credit Suisse (NYSE:CS) settled a US…
Reuters:  Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) will pay back TARP funds. Reuters:  Kraft (NYSE:KFT) says it will be disciplined in its Cadbury (NYSE:CBY) buyout effort. Reuters:  Some of AIG’s (NYSE:AIG) top staff…
Reuters:Â Â The pressure is on big oil companies such as Exxon (NYSE:XOM) and BP (NYSE:BP) to find inexpensive oil reserves in Iraq. Reuters:Â Â Moody’s (NYSE:MCO) sees no threat to the US debt…
The board and management of Goldman Sachs (NYSE:GS) succumbed to the extraordinary outcry against the size of bonuses at the firm, some of which will certainly range into the tens of millions…
Douglas A. McIntyre Pressure from the federal government and taxpayers did nothing to bend the will of Goldman Sachs (NYSE:GS) It will pay out $19 billion in bonuses to its employments which means that executives and…
Douglas A. McIntyre It may be that Treasury Secretary Tim Geithner needs to take a revisionist’s view of history to support his attacks on the large bonuses Goldman Sachs (NYSE:GS) and other banks are about to pay their…
Updated throughout the day. Kraft (NYSE:KFT) will make its official offer to Cadbury (NYSE:CBY) shareholders (Reuters) The 300 richest people in Switzerland lost $10 billion this year. (Bilanz) Goldman Sachs (NYSE:GS) management may take…
The argument that Goldman Sachs (NYSE:GS) will pay its employees too much this year has always been a weak one. Some shareholders believe that more money should be going to them, perhaps in the…
Douglas A. McIntyre Reuters:Â Â Goldman Sachs (NYSE:GS) may make bonus payments in stock. Reuters:Â Â China is worried about sticking to dollar deposits. Reuters:Â Â A well-known economist says housing will continue to fall. Reuters:Â Â Bank of…
The program Bank of America (NYSE:BAC) has announced to repay the TARP funds it received is a modest vindication for its retiring CEO Ken Lewis. He has proved that his firm, which…
Goldman Sachs (NYSE:GS) has started to meet with its largest shareholders to defend the millions, and in some cases tens of millions, that it pays its management and star bankers. The Wall…
Douglas A. McIntyre Reuters:Â Â Affluent borrowers are being made credit card offers. Most other people are rarely solicited. Reuters:Â Â Bank of America (NYSE:BAC) will repay $45 billion in TARP funds. Reuters:Â Â AMRÂ (NYSE:AMR) and TPGÂ have offered…
Many, or most, major banks do not have enough capital to comfortably maintain their current ratings. Standard & Poor’s has a report out saying that the banks are underfunded despite capital raised…
