It was a surprise when Ken Lewis, the CEO of Bank of America (BAC), finally resigned. Neither shame nor pressure could move him out of his corner office. He was replaced as…
The IMF issued its Global Financial System report and one of the most critical points of its analysis is that banks face another $1.5 trillion in writedowns. That is on top of…
Short sellers posted a mixed record on big banks. Short interest in Citigroup (C) plunged by 73% to 177.5 million shares. The short interest in Bank of America (BAC) was down 18% to…
It may be a decade or more from now, but the time will come when there are no bank branches at all. Broadband will be in 90% of American homes. Banking will…
Reuters: Obama’s move on trade with China makes good on a promise to labor. Reuters: Uninsured Americans hope healthcare reform will bring them coverage. Reuters: Adobe (ADBE) will buy Omniture for $1.8…
Now that we are out of the woods in the crash scenario, assuming this week is no ill omen, investors may want to know which of the big companies would start to…
Reuters: Sales growth of Ford (F) and Hyundai topped other car companies. Reuters: The EU could slow a takeover of Sun (JAVA) by Oracle (ORCL). Reuters: Home sales and factory orders signaled…
Wells Fargo (WFC) and a lot of other American banks got in trouble by being more liberal than they should have been in their loan practices. Financial firms made to many risky…
Douglas A. McIntyre Reuters: UBS (UBS) shares may fall when the Swiss government sells out. Reuters: The US deficit estimate was trimmed to $1.59 trillion. Reuters: A homeowner sued Wells Fargo (WFC) over a credit…
Fidelity Management & Research Company, or FMR, was among the giants which released its quarterly holdings over the most recent days. While it is always interesting to see which holdings are the…
Berkshire Hathaway Inc. (NYSE: BRK-A)(BRK-B) has released its public stock holdings for Q2-2009 as of June 30, 2009. Buffett did make some portfolio changes that have been seen here from the end…
Short sellers moved out of financial shares in great numbers. As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE)…
Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush…
The stock price of Berkshire Hathaway (BRK-A) hit $100,000 today, up from a 52-week low of $70,000, but still well off its period high of $147,000. Berkshire’s chief Warren Buffett has made…
We recently gave a list of companies which we thought Warren Buffett might want to consider selling or lightening up on after Berkshire Hathaway Inc. (NYSE: BRK-A) disclosed that it had finally…
