A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Bank Of America ’
The numbers on the Facebook earnings revisions – Reuters
Moneycontrol.comThe numbers on the Facebook earnings revisionsReutersBy Poornima Gupta and Alexei Oreskovic | SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced ...
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Financials rise; regulators to review JP Morgan – MarketWatch
Financials rise; regulators to review JP MorganMarketWatchAmong the Dow Jones Industrial Average's (DJI:DJIA) financial shares, Bank of America Corp (NYSE:BAC) and JP Morgan Chase & Co. (NYSE:JPM) each rose about 1.5%. It's a good time to o...
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JPMorgan Veered From Hedging Practices at Banks With Credit Bets – San Francisco Chronicle
CitybizlistJPMorgan Veered From Hedging Practices at Banks With Credit BetsSan Francisco ChronicleMay 22 (Bloomberg) -- JPMorgan Chase & Co.'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led t...
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JPMorgan Veered From Hedging Practices at Competing Banks – BusinessWeek
BloombergJPMorgan Veered From Hedging Practices at Competing BanksBusinessWeekJPMorgan Chase & Co. (JPM) (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion lo...
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JPMorgan Veered From Hedging Practices at Competing Banks – Bloomberg
BloombergJPMorgan Veered From Hedging Practices at Competing BanksBloombergJPMorgan Chase & Co. (JPM)'s biggest US competitors say their corporate investment offices avoid the use of derivatives that led to the bank's $2 billion loss and bu...
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FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank – Bloomberg
FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche BankBloombergThe Federal Deposit Insurance Corp. sued JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG. (DBK) The FDIC sued in New York federal ...
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No, None of This Makes Any Sense
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond Market" (Aucontrarian.com, 2009...
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Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling’ | Matt Taibbi | Rolling Stone
The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time – primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the...
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BofA hiking relocation aid for troubled homeowners – Reuters
ChicagoNowBofA hiking relocation aid for troubled homeownersReuters* Customers can receive payments between $2500 and $30000 * Program based on test in Florida * Short sales must be initiated by year end May 15 (Reuters) - Bank of America Corp said on ...
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Weak Jobs Read Slams Wall Street – Fox Business
Straits TimesWeak Jobs Read Slams Wall StreetFox BusinessBy Adam Samson Wall Street tumbled on Friday in a broad-based retreat amid signs that US economic expansion may be losing some of its luster. As of 10:40 am ET, the Dow Jones Industrial Average s...
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BofA to Cut From Elite Ranks – Wall Street Journal
Wall Street JournalBofA to Cut From Elite RanksWall Street JournalBy DAN FITZPATRICK And DANA CIMILLUCA Amid the banking industry's relentless belt-tightening, even Bank of America Corp.'s moneymakers aren't safe. The Charlotte, NC, company...
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Here is What’s Wrong With Bank of America (NYSE: BAC)
If you have a mortgage with Bank of America (NYSE: BAC) and want to refinance, don't bother.
You are not worth the bank's time. Or at least I wasn't.
That's what I learned first-hand last week when I called...
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Bernanke: "I Want to Bring Back Irrational Exuberance"
On January 25th we got word from the Fed that ZIRP would be extended until at least 2014. Bernanke's guarantee of another two years of cheap-cheap money has lifted the market's animal spirits. Since the Fed announcement (33 trading days), the S&P g...
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Analysis: The great hedge fund humbling of 2011
Analysis: The great hedge fund humbling of 2011
By Svea Herbst and Katya Wachtel | Reuters – 3 hrs ago...
BOSTON/NEW YORK (Reuters) - Excuses, excuses and more excuses.
The result was a humbling year for the $1.7 trillion hedge fund industry, with...
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Wall Street Is Bracing for Dismal 4th Quarter
January 6, 2012, 9:03 pm
Wall Street Is Bracing for Dismal 4th Quarter
By SUSANNE CRAIG
Wall Street banks have been buffeted by the weak American economy and the European debt crisis.
For most Wall Street bankers, 2011 was a year they would rathe...
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U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
Bloomberg
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
December 11, 2011, 7:26 PM EST
By Daniel Kruger and Liz Capo McCormick
Dec. 12 (Bloomberg) -- The strengthening U.S. economy is proving no deterrent to the biggest rally in ...
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Backlash Growing Against Survival of the Fattest
ELIMINATING the benefits reaped by institutions that are too politically powerful and interconnected to fail has been an elusive goal in the aftermath of the credit crisis. Institutions most likely to receive assistance from the federal government if t...
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The Debt Walkers Strike Back
Ilargi: It's very simple, but maybe that's the problem. For all I know it's just too simple for people to see.
There's a group of people, and it's tempting to call them the 1%, but they’re not really, since there’s politicians in there too who ...
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Maverick Judge Jed Rakoff Stares Down The Street
One of the biggest problems with Wall Street's malfeasance is how the ruling elite view legal settlements - as little more than an acceptable cost of doing business.
Well, no more.
Thanks to Judge Jed Rakoff we may see some real regulatory action leading...
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Major Banks Face New Foreclosure Lawsuit
Major Banks Face New Foreclosure Lawsuit
By GRETCHEN MORGENSON
Citing extensive abuses of troubled borrowers across Massachusetts, the state’s attorney general sued the nation’s five largest mortgage lenders on Thursday, seeking relief for cons...
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Secret Fed Loans Gave Banks Undisclosed $13B
Secret Fed Loans Gave Banks Undisclosed $13B
So here's what I got from this.
Howard Opinsky, a spokesman for JPMorgan (JPM), declined to comment about Dimon’s statement or the company’s Fed borrowings. Jerry Dubrowski, a spokesman for Bank of Amer...
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S&P to update bank credit ratings within 3 weeks
..
S&P to update bank credit ratings within 3 weeks
By David Henry | Reuters – 1 hr 22 mins ago...
(Reuters) - Standard & Poor's plans to update its credit ratings for the world's 30 biggest banks within three weeks and may well mete out a few dow...
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The New Banking Fees That Are Silently Squeezing You
Customers won a victory in early November when their protests prompted Bank of America Corp. (NYSE: BAC) to drop new banking fees on debit cards.
But while you were celebrating, banks got busy finding new ways to recoup that money.
Now they've implemented new,...
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Lloyd says the economy will snap right back, and Volcker will be overturned
http://www.bloomberg.com/news/2011-11-15/goldman-s-blankfein-growth-to-
snap-back-.html
And if that doesn't pan out, there's always a job waiting as head of Treasury, the Fed, or Greece.
Excerpt:
Goldman Sachs Group Inc. (GS), the fifth- biggest ...
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Big Banks Plead With Customers Not To Move Their Money
Yes, The Big Banks DO Care If We Move Our Money
650,000 customers moved $4.5 billion dollars out of the big banks and into smaller banks and credit unions in the last month.
But there is a myth making the rounds that the big banks don’t really ca...
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Warren Buffett’s $24 Billion Bet on the U.S. Market
Investing legend Warren Buffett must be feeling good about the U.S. market and economic outlook - he's bet $24 billion on them.
Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) invested $23.9 billion in this year's third quarter, the most in at least 15 years.
What I Learned From My Lunch with Vikram Pandit
I've long been bearish on bank stocks and financials - but something happened last week that made me rethink my position.
I was having lunch with Citigroup Inc. (NYSE: C) Chief Executive Officer Vikram Pandit, and he had some interesting points.
According to Mr. Pandit, providing...
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Nightmare scenario: U.S. deflation risks rising
Nightmare scenario: U.S. deflation risks rising
On Wednesday October 26, 2011, 4:19 pm EDT
By Jason Lange
WASHINGTON (Reuters) - Risks are rising that a moribund job market and potentially steep drop in inflation could push the United States into a d...
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