How to Become a Lending Club Lender or a Prosper.com Lender

Posted by ABMN Staff on Jan 6th, 2011

The great recession reminded investors that putting money into the stock market and real estate isn’t as safe of an investment as they may have previously thought. As a result, investors are moving into “safe” assets such as... More »

Former Goldman Sachs (NYSE: GS) Programmer Convicted

Posted by Alex on Jan 5th, 2011

Program trading is a difficult, but lucrative trade. The large trading houses have crafted proprietary systems to give them an edge, and fiercely protect that code. During 2010, when news broke that a former Goldman Sachs (NYSE: GS)... More »

Big Bonus for Bank of America (NYSE: BAC) Exec

Posted by Alex on Jan 5th, 2011

With government appointed compensation czar Ken Feinberg in the rear view mirror, paychecks at Bank of America (NYSE: BAC) appear to be on the rise. According to a securities filing, executive Tom Montag received $7 million in BofA... More »

Citigroup (NYSE: C) Execs Cleared in India Probe

Posted by Alex on Jan 5th, 2011

India’s investigation into top Citigroup (NYSE: C) executives came and went quickly. As has been widely publicized, the Indian government has brought a case against a Citi employee who may have forged bank accounts, documents and... More »

JPMorgan Chase (NYSE: JPM) Plans Expansion in Switzerland

Posted by Alex on Jan 5th, 2011

Banking in Switzerland may not be as popular as it once was, following the crack down of US and European taxing authorities, but it remains a hotbed for wealthy investors. With increased regulations and dissipating growth opportunities... More »

Akorn, Inc. (NASDAQ: AKRX) Downgraded to a “Neutral” Rating

Posted by ABMN Staff on Jan 5th, 2011

Equities research analysts at Zacks Investment Research downgraded shares of Akorn, Inc. (NASDAQ: AKRX) from an “outperform” rating to a “neutral” rating in a research note to clients and investors on Monday. Akorn,... More »

Tough Task Ahead for Bank of America (NYSE: BAC) CEO Moynihan

Posted by Alex on Jan 4th, 2011

Brian Moynihan, Chief Executive Officer at Bank of America (NYSE: BAC) has his work cut out for him. Although he’s been battling fires valiantly since taking over the reigns of the firm struggling to rebound from the financial crisis,... More »

Lending Club Sets Eyes on More Venture Capital, Expects 2012 Profitability

Posted by ABMN Staff on Jan 4th, 2011

Lending Club, a California-based company that operates a peer to peer lending marketplace, recently revealed that they will be eyeing another round of venture capital in 2011 and that the company should be profitable by “early 2012”... More »

Prosper.com Sees 17% Increase in November Loan Demand

Posted by ABMN Staff on Jan 2nd, 2011

Prosper.com, a peer to peer lending company, announce in a press release that they had seen a significant increase in loan demand for their services during the month of November. Here’s the text of the press release: Prosper.com... More »

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