Banking, finance, and taxes
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Citigroup (NYSE: C) is trading off over 5% today. Wachovia (NYSE: WB) and JP Morgan (NYSE: JPM) are down over…
Trading in CDOs is just not happening. According to Bloomberg "buying and selling of collateralized debt obligations based on mortgage…
Moody’s (MCO) wants to replace its old ratings system, which used letter grades, with a new one which will use…
With all those subprime write-downs hitting bank and investment house balance sheets it would be nice for them to off-load…
On Tuesday, we’ll get to see earnings out of Bankrate Inc. (NASDAQ:RATE). The estimates from First Call for the internet-based…
Transmeta Corp. (NASDAQ: TMTA) may be an interesting stock now. The company scored a major win with a legal settlement/victory…
Ambac Financial Group Inc. (NYSE: ABK) and MBIA (NYSE: MBI) are both trading higher in pre-market trading this morning. CNBC…
A hedge fund is claiming that Countrywide Financial (NYSE: CFC) is selling itself too cheaply to Bank of America (NYSE:…
Losses from securities linked to subprime mortgages may exceed $265 billion as regional U.S. banks, credit unions and overseas financial…
Wall St. thought things would be bad when MBIA (MBI) reported earnings, but they were worse. The largest bond insurer…
There are some SEC filings out of online brokerage firm E*TRADE Financial Corp. (NASDAQ: ETFC) that shows quite a bit…
Ambac (ABK) and MBIA (MBI) figured they could improve their earnings by putting money into swaps and derivative instruments. For…
As the selling of bank shares has fallen off, Wall St. has begun to believe that the worst of the…
Bank of America (BAC) says that its deal for buying mortgage-bank Countrywide (CFC) is on track despite the M&A target’s…
The head of insurance regulation in NY State is busy as a bee trying to bail out Ambac (ABK) and…
Our top personal finance-related articles today. Your wallet will thank you later.