Home » Archive for November, 2010
Former Citigroup (NYSE: C) Exec Starting Real Estate Investment Fund In India
Anyone that read Thomas Friedman’s “The World is Flat” has heard the case for India being the next mega market. Banks have noticed this too of course, by beginning to invest in the developing region, and trying to attract new... More of this article »
Citigroup (NYSE: C) Sold Reverse-Convertible Notes
According to regulatory filings, Citigroup (NYSE: C) has sold $104.2 million of reverse-convertible notes in two offerings. The securities pay set interest rates that are generally higher than those of corporate bonds. The risk lies... More of this article »
HSBC (NYSE: HBC) and JPMorgan Chase (NYSE: JPM) Turning Attention to Asia
Amidst a deep and severe recession in the US and Europe, banks have shifted their focus to grow onto the Asian market. Nowhere is this more evident than with HSBC (NYSE: HBC), the European banking leader who is moving their headquarters,... More of this article »
Put Options Gaining Momentum on UBS (NYSE: UBS)
Stock in Swiss bank UBS (NYSE: UBS) has been plummeting since Oct. 26, when it reported a stunning drop in investment-banking business. It rebounded briefly from that decline, made a lower high, and then collapsed. Now, it seems options... More of this article »
Stable Commodity Markets to Negatively Impact Traders at Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), and Barclays Capital (NYSE: BCS)?
The commodity market is continuing it’s boom, which is somewhat of a surprise in light of global recessionary pressures. Prices remain high for most raw materials, while volatility stays low even amidst falling inventory levels.... More of this article »
Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), and Wells Fargo (NYSE: WFC) Seeking to Increase Hotel Financing
Bank profitability was battered throughout 2008 and 2009 by loan loss reserves. As clients endured difficulty paying their debt obligations, the banks were left to write off many of these loans, and realize the losses in their P&L.... More of this article »
Unlocked Potential in Citigroup’s (NYSE: C) GTS Business
Citigroup (NYSE: C) has been trading at a discount to book value for quite a while, and has seen it’s stock price battered during and since the financial crisis of 2008. In the supermarket model that is Citigroup, disseminating which... More of this article »
Lending Club Default Rate: How to Reduce Lending Club Defaults
If you’re an investor on Lending Club, you know that the number one thing that can negatively impact your rate of return is borrower defaults. Lending Club gives each borrower a credit rating, but by taking advantage of some other... More of this article »
Goldman Sachs (NYSE: GS) Retires More Debt
It seems that Goldman Sachs (NYSE: GS) is aggressively looking at their capital structure, as they have announced multiple plans this month to retire debt. A call provision allows a borrower to retire a bond before it’s maturity... More of this article »
Wells Fargo (NYSE: WFC) Donates to Bay Area Food Banks
As the holiday season quickly launches into full swing, firms sometimes take notice of those less fortunate, and Wells Fargo (NYSE: WFC) has decided to do something about it. The Bay area megabank has donated more than $250,000 to... More of this article »
Bank of America (NYSE: BAC) Suspends Foreclosures In Maine
Bank of America (NYSE: BAC) has been embroiled in a foreclosure mess for nearly two months. Multiple State Attorney Generals have filed suits or are currently preparing legislative action aimed at the foreclosure process and question... More of this article »
SEC Still At Odds With Goldman Sachs (NYSE: GS) and “Fabulous Fab”
The Securities and Exchange Commission has expanded its complaint against Goldman Sachs (NYSE: GS) trader Fabrice Tourre. The new allegations accuse Tourre of giving the company “substantial assistance” as it misled investors in... More of this article »
Banking Profits Rise in Q3 for JPMorgan Chase (NYSE: JPM), KeyBank (NYSE: KEY), and Others
Perhaps the tale of their demise has been greatly exaggerated. After all, can a ‘struggling’ industry really earn billions of dollars? The U.S. banking industry earned $14.5 billion during the third quarter, albeit declining... More of this article »
Banks Eager To Issue Dividends, Including Bank of America (NYSE: BAC), Citigroup (NYSE: C), and JPMorgan Chase (NYSE: JPM)
The large banks suspended dividends during the financial crisis, stemming cash outflows and shoring up their financial positions. Now that it seems the worst has passed, the banks are eager to declare dividends once again and hopefully... More of this article »
Wells Fargo (NYSE: WFC) Offering Consumers Tips To Thwart Identity Theft
The holiday shopping season is on the immediate horizon, with the unofficial start set to begin in just three days on Black Friday. Since consumers have spent more each year with the credit or debit cards for the past decade, Wells... More of this article »
Are Bank Closures on Tap for Citigroup (NYSE: C) and Bank of America (NYSE: BAC)? Meredith Whitney Thinks So
Meredith Whitney made a splash nearly three years ago predicting the demise of Citigroup’s (NYSE: C) dividend. In a recent report, she presents a dismal view of the future for profit strapped U.S. banks. Whitney expects 5,000... More of this article »
Goldman Sachs (NYSE: GS) Retiring Debt
A Call Provision allows a borrower to retire a bond before it’s maturity date. Strong companies tend to attach these to bond issuances, so that if interest rates fall they can retire the bonds, and re-issue during a more favorable... More of this article »
Federal Home Loan Sour on Investments Bought From Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), and Others
Federal Home Loan is one of 12 banks in the nation set up by the U.S. government in 1932 to provide money at low interest rates to community banks. Now, they are at the center of a lawsuit, claiming that they bought investments from... More of this article »
Ireland Rescue Plan to Impact Euro, How Will Trading Desks at Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM) Respond?
With news of a bank rescue plan in Ireland, Asia’s financial markets responded positively in early trading. Japan’s Nikkei average logged its fourth winning session in a row, but this this news is offset some by the real... More of this article »
Bank of America (NYSE: BAC) Plans New Client Service
Bank of America (NYSE: BAC), the nation’s largest lender as measured by assets, is venturing into new territory. The firm has long been committed to offering online services to it’s customers, and they have now announced... More of this article »
EU Bank Bailout Causes Stock Slide, Goldman Sachs (NYSE: GS) Investigation Compounds It
There is no joy in mudville, perhaps the EU banks have struck out. Although the European Union has committed nearly a trillion dollars to backstop the latest bank failures in Ireland, the number that it will take to correct the problem... More of this article »
Hedge Fund Offices Raided, Holders of Citigroup (NYSE: C) and JPMorgan Chase (NYSE: JPM) Stock
Federal investigators raided the offices of Diamondback Capital Management and Level Global Investors today in relation to what FBI spokesman Richerd Kolko described as “an ongoing investigation.” Both firms are headed... More of this article »
Goldman Sachs (NYSE: GS) Facing New Investigation
Goldman Sachs (NYSE: GS) has been embroiled in controversy since the height of the financial crisis nearly two years ago. Today, we learned the firm may face yet another serious challenge, as a federal investigation is underway into... More of this article »