Shares of Bank of America Corp. (NYSE: BAC) posted a new 52-week low today at $5/share. BofA isn’t the only loser in the financial sector — JPMorgan Chase & Co. (NYSE: JPM),…
Jon Corzine of MF Global says he does not know where much of the firm’s funds went. (Reuters) Samsung wins the legal fight over whether it can sell its tablet PC in…
The attorneys general of Nevada and California have agreed to co-operate in an investigation of of mortgage fraud and lender misconduct and not to be part of the ongoing settlement talks between…
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue…
Banks were able to shine for years and years over credit unions. This new age of “too big to fail” after bailouts and then banks gouging customers for charges may be creating…
In a threat to a national settlement related to the foreclosure “robo-signing” investigation, the attorney general of Massachusetts has filed suit against Bank of America Corp. (NYSE: BAC), J.P. Morgan Chase &…
Standard & Poor’s is at it again… more downgrades and this time in the ailing banking sector. While we focused solely on the U.S.-based banks here, the downgrade was handed aimed at…
The new proposed stress tests are just one more thorn in the side for the banking sector, but analysts from Dick Bove to Meredith Whitney, as well as value and bargain investors and…
China’s factory activity reaches a 32-month low. (Reuters) Merck (NYSE: MRK) pays $950 million to settle Vioxx charges brought by the government. (Reuters) FCC head wants more examination of the AT&T (NYSE:…
Germany’s mixed bag. Two key economic figures out of Germany offset one another. GDP grew 0.5% in the third quarter. The number was up 2.6% from the same quarter last year. The advance…
Paulson & Co. Inc. is another hedge fund group that investors use for Whale Watching, although this last quarter was not exactly kind to Mr. Paulson’s billions… The current 13F report shows…
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released the latest holdings of U.S.-listed equities as of September 30, 2011 and this is the second group of ‘L to…
After a period in which short sellers backed out of stocks in troubled companies, the have rushed into them again. The short interest in Research-In-Motion (NYSE: RIMM), battered by competition from Apple…
Last Friday at the meeting of the G20 in Cannes, the Financial Stability Board (FSB) revealed a list of 29 global systemically important financial institutions (known as the G-Sifis). These institutions are…
Warren Buffett and his team at Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) went out buying stocks in this last quarter according to the firm’s quarterly report. Sadly, no one outside of…
