Reuters: The Senate backed restrictions on credit rating agencies and credit card fees. Reuters: Oil dropped to a three-month low based on demand. Reuters: Facebook will hold a staff meeting on privacy.…
Updated throughout the day. The NY Attorney General is probing the relationship between eight banks and ratings agencies. The financial firms include Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Crédit Agricole…
Twitter has, by most estimates, 100 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…
These are ten of the top analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Thursday: ArcelorMittal (NYSE: MT) Cut to Neutral at UBS. eBay Inc. (NASDAQ: EBAY) Raised…
The Wall Street Journal reports that J.P. Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Deutsche Bank AG (NYSE:DB) and UBS AG are under investigation for allegedly having “misled investors about their roles…
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB),…
Reuters: The SEC said there was no single cause of the market plunge. Reuters: The Senate approved a single audit of the Fed. Reuters: Morgan Stanley Group (NYSE: MS) is the subject…
Updated throughout the day China shipbuilder Jiangsu Rongsheng Heavy Industries will have an IPO of $1.5 billion with JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) as underwriters (Reuters) The Senate will start voting…
WSJ: Warren Buffett intends to discuss his investment in Goldman Sachs Group (NYSE: GS) at the Berkshire Hathaway (NYSE: BRK.B) annual meeting. Reuters: Federal authorities have started a criminal probe into Goldman.…
Reuters: A new panel to address the budget deficit will start work. Reuters: A lawyer for Goldman Sachs Group (NYSE: GS) said it is not an “evil empire.” Reuters: The euro slipped…
Updated throughout the day. The US is planning to sell its stake in American International Group, Inc (NYSE: AIG) (NYPost) “Goldman Sachs was both an underwriter and an investor in Lloyds Banking Group’s…
Reuters: The push for a stronger yuan has been modest at the G20 meetings. Reuters: A Goldman Sachs Group (NYSE: GS) Director Rajat Gupta told hedge fund billionaire Raj Rajaratnam about a $5 billion…
Imagine the government and taxpayers finally being out of AIG… Who doesn’t love to hate AIG? The financial crisis and the bailouts might have been much different had American International Group, Inc.…
We have some big movers this morning, mostly on earnings news. We have provided the basics for each here with a link to more detail at VSInvestor.com where applicable on each: Apple…
Regulators in the US and Europe are still sifting through a variety of programs that would create a tariff on large banks to create a pool of money that could be used…
