Archive for February, 2010

JP Morgan Chase & Co (NYSE: JPM) raised its recommendation on the largest Japanese bank, indicating that the firm may be bullish on the Japanese financial sector, helping raise the Nikkei in Monday’s trading. JP Morgan Chase’s team of analyst raised its recommendation on Mitsubishi UFJ Financial Group Inc., Japan’s largest bank in terms of [...]

Bank of America (NYSE:BAC) Hires Merrill Lynch Veterans for Investment Banking … – American Banking News http://tinyurl.com/yfjgjat #Econ # Bank Lending Decline in 2009 – Largest Since the 1940's – Benzinga http://tinyurl.com/yg7nsek #Econ # China Tells Banks to Restrict Loans – New York Times (blog) http://tinyurl.com/y9jsztd #Econ # The Big Bank Excuse – Wall Street [...]

Bank of America (NYSE: BAC) CEO Brian Moynihan earned a total of $6.5 million in compensation during 2009 when he served in a number of executive positions, according to a new regulatory filing from the company. Most of Moynihan’s compensation was in the form of $5.2 million worth of stock awards. His base salary was [...]

Borrowers are turning to peer-to-peer lending companies, such as Prosper Marketplace and Lending Club, for debt consolidation loans more than every other type of loan request made, according to new data from Prosper Marketplace. Prosper has originated more than $190 million in peer-to-peer loans since the company was founded in 2006. A recent press release [...]

In light of the ongoing recession and continual bad economic news emerging from the Labor Department and Commerce Department, it’s definitely puzzling as to why Bank of America (NYSE:BAC) has become one of the investment darlings of Wall Street.  There’s nothing happening to justify the confidence in the stock to warrant its surge in stock [...]

Prosper Marketplace, the peer-to-peer lending company that has originated more loans than any other company in its industry, recently has come under fire for being an investment that is too high-risk and has now outlined what steps that it has taken to reduce the potential losses that its investors might face. Lending Socially recently interviewed [...]

Goldman Sachs (NYSE:GS) has come under fire concerning another issue as Senator Charles E. Grassley, the senior Republican on the Finance Committee, asked in a letter to Chief Executive Lloyd C. Blankfein about the underwriting fees associated with the Build America Bonds, which were supposedly created for the purpose of creating jobs primarily through projects [...]

JP Morgan Chase & Co (NYSE: JPM) CEO Jamie Dimon said that United States banks would largely be immune from the current debt crisis in Greece and other European countries. Dimon, speaking at JP Morgan’s annual investor day on Thursday, said that risk from potential defaults on sovereign debt has been hedged and that JP [...]

If returns from past auctions are any hint of what may be made on the Bank of America (NYSE: BAC) warrants being auctioned off in the next month, investors may be lined up at the door.  The coming auction will be the largest conducted since December, when the Treasury auctioned off about 88 million warrants [...]

Wells Fargo & Co said that the Chinese Yuan may appreciate by as much as 7% over the next 18 months and that current Yuan forwards are underestimating the pace of gains in China’s currency. China’s central bank may allow the Yuan to resume appreciation by the middle of 2011 and then seek a 6-8% [...]