Banking, finance, and taxes
2192 Articles
There is one interesting irony in this whole financial meltdown which goes which many will not want to admit. Citigroup…
The Fed has been loaning banks and money managers an average of $188 billion a day over the last week.…
Washington Mutual (WM) failed yesterday and most of its assets where sold to JP Morgan (JPM). The price was $1.8…
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that…
Oppenheimer’s star banking analyst Meredith Whitney is out with another scathing note on major banks this morning despite the government…
General Motors (GM) said on Friday that it will draw down $3.5 billion on the $4.5 billion line of credit…
The latest rumor on Wall St. is that Washington Mutual (WM) will be auctioned off and has retained Goldman Sachs…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for…
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A…
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me…
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division…
The Commerzbank buy-out of Dresdner Bank was not a shotgun wedding. Neither institution was failing. The severe balance sheet problems…
According to Reuters, Singapore sovereign fund Temasek say it sees value in US and UK stocks. Reuters writes that two…
In the latest installment of the "Batman" film series, loyal butler Alfred tries to explain the behavior of some of…
Our top personal finance-related articles today. Your wallet will thank you later.