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Over the last week, both major financials and techs sold off substantially, another sign that one major sector is doing…
Moody’s cut the credit rating of Countrywide (CFC) to "D" for default, over worries about liquidty. According to Reuters "The…
A federal judge has approved an investigation into the lending practices of Countrywide (CFC). The mortgage company may have, among…
With all of the carnage in the financial sector it would be hard to believe that any other group of…
Banks are going to the Fed and getting money at 2.5% and putting it onto their balance sheets. What do…
Countrywide NYSE: CFC) chief operating officer David Sambol cannot get a job as a garbage man. He is viewed as…
According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run…
According to Reuters, Oppenheimer cut is earnings forecasts for Merrill Lynch (MER) and UBS (UBS) a day after cutting Citigroup…
Oppenheimer’s Meredith Whitney is currently the most followed bank and financial firm analysts on Wall Street. We don’t normally like…
According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC)…
"The current financial crisis is the most serious since the second world war, and perhaps since the Great Depression."–The London…
Tonight we are going to get the highly awaited VISA, Inc. initial public offering. This one has been on the…
With Citigroup’s (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of…
Private equity firms and hedge funds often make what seem to rather odd investments. But the one thing you can…
The Federal Reserve has just made an expansion of its securities lending program to add much more liquidity to the…
Our top personal finance-related articles today. Your wallet will thank you later.