Banking, finance, and taxes
142 Articles
If muni-bond insurers like Amback (NYSE: ABK) and MBIA (NYSE:MBI) are forced to break into two pieces, some banks could…
New York State Insurance Superintendent Eric Dinallo has come up with the lame-brained idea of taking bond insurers like MBIA…
Eliot Spitzer, former prosecutor and now governor of New York State, will ape comments made by Deutsche Bank (DB) Chief…
Eric Dinallo, New York State’s insurance regulator, is a clever devil. He has effectively pitted Warren Buffett against the nation’s…
Warren Buffett of Berkshire Hathaway (NYSE: BRK-A, BRK-B) just appeared on CNBC with his plan to save the bond insurance…
The head of Deutsche Bank (NYSE: DB) said the US could be driven into a deep recession if the muni…
Accorrding to Reuters, GM (NYSE: GM) will have half of its cars running on ethanol by 2012. Reuters writes that…
Citigroup (NYSE: C) is trading off over 5% today. Wachovia (NYSE: WB) and JP Morgan (NYSE: JPM) are down over…
Ambac Financial Group Inc. (NYSE: ABK) and MBIA (NYSE: MBI) are both trading higher in pre-market trading this morning. CNBC…
According to Reuters, Chinese mining group Chinalco and Alcoa (AA) have bought 12% of Rio Tinto (RTP) setting up a…
Wall St. thought things would be bad when MBIA (MBI) reported earnings, but they were worse. The largest bond insurer…
According to Reuters, Amazon’s (AMZN) financial results show that its profit margins were squeezed in the last quarter. Reuters writes…
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…
The head of insurance regulation in NY State is busy as a bee trying to bail out Ambac (ABK) and…
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