Home » Archive for October, 2010
Ohio AG Takes Aim at Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others
Homes are being foreclosed on in record numbers, amidst the housing market collapse. Tuesday is election day, and banks have had their questionable foreclosure process and robo-signers exposed. All of this adds together to create a... More of this article »
Lehman Brothers (OTC: LEHMQ.PK) Pays CEO nearly $100,000 for July Alone
Lehman Brothers Holdings Inc. (OTC: LEHMQ.PK) may be defunct in the banking world, but is still actively winding down operations for assets not sold to Barclays (NYSE: BCS) and other firms. The firm has largely fell off the map since... More of this article »
Bank of America (NYSE: BAC) Preparing For Legal Battle, are JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) Next?
Bank of America (NYSE: BAC) has a mess on it’s hands. The firm badly missed earnings estimates, is struggling to cope with the new Dodd Frank financial reform legislation, and was all over the news recently for the mortgage debacle. What... More of this article »
Citigroup (NYSE: C) Continues To Shed Assets
Citigroup (NYSE: C), the mammoth banking giant created by Sandy Weill is starting to look vastly different than it was even just a few years ago. The firm once stood as the beacon of a new era in banking, where a single firm would... More of this article »
New Credit Card Strategy Needed for Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Others
When you’re twenty years old and you get a credit card offer, many people anxiously sign up. When you’re forty years old, consumers become much more jaded and the offer is more likely to end up in the trash bin. Marketing to customers... More of this article »
Goldman Sachs (NYSE: GS) Repaying Buffett Early?
Goldman Sachs (NYSE: GS) was on the ropes two years ago and looking for a savior. While their stock price was plummeting the firm sought to restore confidence and stability by gaining an investment from a big name. The biggest name... More of this article »
Bank of America (NYSE: BAC) Continues Rebound
Bank of America (NYSE: BAC) has seen it’s stock price battered in recent weeks. Although loan loss write offs are down, and the worst of the financial crisis may be behind us, Bank of America has continued to struggle mightily.... More of this article »
Compensation Down at Goldman Sachs (NYSE: GS) and Deutsche Bank (NYSE: DB)
Now that earnings season is over, there is a plethora of information to digest. In the world of investment banking, compensation levels always exists near the top of the list. Following this quarter’s disclosures, an interesting... More of this article »
Federal Reserve Seeking To Block Details of Bailouts to JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC), and Others
The details around the bank bailouts have been rather hazy to date. Although JPMorgan Chase (NYSE: JPM), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and many others were given cash by the treasury department, few know the full... More of this article »
PerkStreet Financial Review: Get Up to 5% Cash Back on Debit Card Purchases
Credit cards that offer great rewards programs will soon disappear as a result of the recent implementation of the Credit CARD Act and an anti-trust suit against Visa, MasterCard and American Express. Banks are now tacking on annual... More of this article »
Citigroup (NYSE: C) Exec Forgetful In Court
David Wormsley, an executive at Citigroup (NYSE: C) had a bought of forgetfulness today. While Wormsley was on the witness stand today, he seemed to have a difficult time trying to recall his role in the acquisition of music company... More of this article »
Closed Courtroom for Former Goldman Sachs (NYSE: GS) Employee?
The fact that Goldman Sachs (NYSE: GS) has a competitive advantage is no secret. The firm has flourished while many have failed. While most will point to the people inside Goldman as the reason the firm has done so well, the importance... More of this article »
PerkStreet Financial Offering 5% Cash Back During Holiday Season
PerkStreet Financial, a company known for offering a debit card with 2% cash back, has begun offering 5% cash back to its account holders for some purchases during the Christmas season. Account holders can now get 5% cash back when... More of this article »
Bank of America (NYSE: BAC) Facing Billions in Mortgage Repurchases
The practice of repurchasing loans is not new. However, the recent crisis surrounding falsified mortgages that were bundled into Residential Mortgage Securities (RMBS) may leave large banks such as Bank of America (BAC) exposed with... More of this article »
How to Get One Free Audiobook from Audible.com’s “Audiblepodcast.com/Imprint” Deal.
If you have any interest in reading, you might want to consider listening to audio books from Audible.com. The service allows you to read with your ears at times when it’s not feasible to pick-up a book. You can get started on your... More of this article »
Bank of America Corp (NYSE: BAC) Hires New International M&A Head
Bank of America Corp (NYSE: BAC) will hire Adrian Mee from Nomura Holdings Inc as the company’s new head of international mergers and acquisitions, according to a report from Bloomberg, citing a person familiar with the matter Mr.... More of this article »
UBS AG (NYSE: UBS) Energy Investment Banking Team Heads to Citigroup, Inc (NYSE: C)
UBS AG’s energy investment banking team has left the company to take positions at Citigroup, Inc (NYSE: C). According to a report from the Boston Business Journal, five senior managers and head of UBS’ energy investment bank Stephen... More of this article »
Get One Free Audiobook from Audible.com’s “Audiblepodcast.com/Freak” Deal.
If you’ve ever considered delving into the world of audiobooks, you can start listening at no-cost by downloading a free audiobook from Audible.com with the company’s “AudiblePodcast.com/Freak” deal in which listeners can get... More of this article »
Bank of America (NYSE: BAC) Planning New Fee Strategy
Bank of America (NYSE: BAC) Chief Executive Brian Moynihan is entrenched in a press tour today, following the firm’s earning results and explaining the firm’s new direction. Part of this new strategy and direction is incorporating... More of this article »
Goldman Sachs (NYSE: GS) Cuts Compensation Ratio, Similar Story at JPMorgan Chase (NYSE: JPM)
Goldman Sachs (NYSE: GS) famously set a Wall Street pay record in 2007. Since then, the firm has come under increased pressure from shareholders and politicians, seeking to reduce bonuses following the financial crisis. One must wonder... More of this article »
Goldman Sachs (NYSE: GS) Tops Earnings Estimates
Another earnings disclosure, another bank tops estimates. The latest benefactor of improving market conditions is Goldman Sachs (NYSE: GS), which easily beat analysts’ forecasts again. The bank did see a big slowdown in trading,... More of this article »
Bank of America (NYSE: BAC) Posts Loss
Bank of America (NYSE: BAC) announced earnings this morning, and posted rather surprisingly negative results. The firm said it lost $7.65 billion during the third quarter, driven by a charge related to credit and debit card reform... More of this article »
Capital One (NYSE: COF) Earnings Beat Estimates, $803 Million in Q3 Net Income
Capital One Financial (NYSE: COF) announced that it had made $803 million or $1.76 per share during the third-quarter, up from revenue of $394 million or $0.87 per share during the year earlier. Analysts had expected the company to... More of this article »