Banking, finance, and taxes
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Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private…
John Mack, who has run every investment bank on Wall St, and is now CEO of Morgan Stanley (MS) says…
Washington Mutual (NYSE: WM) has outlined its details of a financial aid or rescue finance package. The company is raising…
Goldman Sachs has issued a call on its asset manager universe, and says it’s time to go on the offensive. …
Washington Mutual (WM) may get $5 billion in much-need capital. It is an example of how financial companies bet on…
Moody’s cut the credit rating of Countrywide (CFC) to "D" for default, over worries about liquidty. According to Reuters "The…
Revenge is a dish best served cold. The former CEO of UBS (UBS), pushed out by the bank’s current chairman,…
The Fed does not want to see all the money it has give to brokerages in exchange for lousy paper…
A federal judge has approved an investigation into the lending practices of Countrywide (CFC). The mortgage company may have, among…
The bets that companies will default on their debts is rising. Financials which own junk bonds or have financed junk…
Cypress Sharpridge Investments, Inc. (NYSE: CYS) has filed to come public in an effort to raise capital. The company will…
Broadpoint Securities (NASDAQ: BPSS) has filed on behalf of stockholders a securities offering whereby an aggregate of 7.058 million shares…
Another director of Bear Stearns Companies, Inc. (NYSE: BSC) has unloaded his holdings as the stock was trading north of…
There was an interesting communication from The Blackstone Group, L.P. (NYSE: BX) this morning and the company issued a press…
Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to "post $14 billion in writedowns on assets…
Our top personal finance-related articles today. Your wallet will thank you later.