Banking, finance, and taxes
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Merrill Lynch (MER), pole-axed by the Citigroup (C) decision to buy back all of the auction-rate securities it has sold…
In an announcement that shows how remarkable flawed the marketing and risk management at Citigroup (C) have been, the bank…
This morning there was interesting note out of The Blackstone Group (NYSE: BX), although some efforts have already been made…
Freddie Mac’s (FRE) results undercut any hope that things at the quasi-governmental agency would get better soon. Actually, they were…
Morgan Stanley (MS) has gone to some of its private clients and told them they cannot borrow more on their…
Misery acquaints a man with strange bedfellows.—Shakespeare, “The Tempest” Auction-rate securities were one of the great inventions of modern banking.…
Bankrate Inc. (NASDAQ: RATE) has just posted non-GAAP EPS of $0.33 on a 70% gain in revenues to $40.2 million. …
Lehman (LEH) may have to raise several billion dollars. With its market cap below $13 billion, that could be painful…
Analysts who think that money center banks are out of the woods, may want to look at the RBS results…
There has been plenty of forecasting and anecdotal evidence that US money center banks will have more write-downs in coming…
Today before the close of the market, former Fed-Head Alan Greenspan participated in an interview on CNBC with Maria Bartoromo. …
We are seeing a substantial move in shares of Washington Mutual, Inc. (NYSE: WM). British Activist fund Toscafund Asset Management…
"You can fool some of the people all of the time, and all of the people some of the time,…
Credit card clearing and processing giant Visa Inc. (NYSE: V) just posted earnings with an adjusted $0.59 EPS on $1.6…
In another move to save the finances of almost every man, woman, and child in the US, the Fed has…
Our top personal finance-related articles today. Your wallet will thank you later.