The Swiss pride themselves in being calm, reserved people. Unlike the Spanish, English, Germans, and French, they have never given the world much trouble. The trouble, it appears, has been visited upon…
Douglas A. McIntyre According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis. Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules. Reuters reports that…
According to Reuters, the economic bailout bill passed the Senate and is likely to pass the House. Reuters reports that GE (GE) raised $15 billion with some of the capital coming from…
UBS AG is back in the barrel this morning. Investors have more concerns about write-downs, adding pressure to the stock today. It looks like shares were even halted. They opened down 10%…
Douglas A. McIntyre Shares of Lehman (LEH) were off 84% in European trading. Bank of America (BAC) was down 14%. UBS (UBS) shares fell 7% at the open. Douglas A. McIntyre
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile… Saint…
According to Reuters, Ford (F) will build a news luxury crossover vehicle. Reuters writes that Merrill Lynch (MER) will freeze all hiring through the end of the year. Reuters reports that the…
No one has really worked out how to wall-off significant risk in one division of a financial services giant from divisions which are "safe" and operating smoothly. UBS (UBS) skinned its investors…
According to Reuters, JP Morgan (JPM) lost $1.5 billion in July. Reuters writes the UBS (UBS) posted a huge loss and will split itself into a wealth management operation and an investmen…
Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities…
There has been a great deal of talk about how the New York State Attorney General and the SEC has done companies and individual investors a service by getting Merrill Lynch (MER),…
Reuters reports that UPS (UPS) is trying to buy Dutch rival TNT Reuters writes that credit unions are being hit by mortgage market problems. Reuters reports that GATX (GMT) is offering over…
Now that Citigroup (C), UBS (UBS), and Merrill Lynch (MER) have agreed to buy back a total of about $40 billion in auction-rate securities, Wall St. will have to hazard a guess…
According to Reuters, RBS (RBS) had $1.35 billion loss due to write-downs. Reuters reports that Google (GOOG) says its investment in AOL may be impaired. Reuters writes that Citigroup (C) and Merrill…
According to Reuters, oil is nearing a 20% drop from its peak, moving into bear market range. Reuters writes that HP (HPQ), Yahoo! (YHOO), and Intel (INTC) are looking at ways to…