Banking, finance, and taxes
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Fannie Mae (NYSE:FNM) is seeing shares trade much lower after net income fell by more than half in the first…
According to Reuters "British bank Barclays Plc categorically denied rumors it was about to announce a $10 billion writedown and…
Wachovia (WB) is down 5% in the pre-market. According to Reuters the fourth-largest U.S. bank, said on Friday that it…
Moody’s has begun to downgrade the debt in a number of the structured investment vehicles that own huge pools of…
Morgan Stanley sees $6 billion in potential losses from subprime. The company said it held $12.3 billion in Q3 U.S.…
The FT says that the "super-fund" to bail out financial instruments tied to mortgage-backed securities may be dead. Speaking about…
CNBC was just reporting that The NASDAQ Stock Market, Inc. (NASDAQ:NDAQ) is close to purchasing the Philadelphia Stock Exchange for…
"Directors are not like some kind of 1950s housewife who was always the last to learn about the misadventures of…
Analysts are beginning to talk about how large the write-downs may be at financial institutions when earnings are reported for…
BATS Trading, Inc. announced Monday it filed with the U.S. Securities and Exchange Commission to become a fully licensed securities…
AIG’s (AIG) ancient former CEO Hank Greenberg is not happy with how the place is run. He shouldn’t be, but…
Former head and oustered Maurice "Hank" Greenberg according to an SEC filing is leading a campaign to do a total…
It seems while Merrill Lynch (MER) was losing all of that money on mortgage-backed financial instruments it was trying to…
Yesterday morning 24/7 Wall St. covered how the buyout for Affiliated Computer Services (NYSE:ACS) was for all practical purposes looking…
Ambac (ABK), the bond insurance company is down 19% today to a 52-week low of $30.10. The high for the…
Our top personal finance-related articles today. Your wallet will thank you later.