Home » Archive for November, 2009
Standard & Poor’s Risk Capital Study Finds Citigroup (NYSE: C) And UBS (NYSE: UBS) Lacking
Standard & Poor’s releases a report on Monday that detailed a capital ratio study of the world’s largest banks. The report showed a wide variance in the risk adjusted capital ratio (RAC) and regulatory ratios, such as Tier... More of this article »
How to Get a Peer-to-Peer Personal Loan Online
If you are looking to get any sort of personal loan through the internet, you will be inundated with offers from hundreds of different banks, credit unions and finance companies. Most of the offers you’ll find have terms that are... More of this article »
Will Ben Bernanke Remain Chairman of the Federal Reserve?
Not too long ago Federal Reserve Chairman Ben Bernanke was considered to be assured of being nominated for another term as Chairman of institution, but after a dismal performance at the helm of the agency, it’s not necessarily... More of this article »
Morgan Stanley (NYSE:MS) Transfers Subsidiary ‘Crescent Real Estate Equities’ to Barclays Capital (LSE: BARC.L)
The timing of buying Crescent Real Estate Equities by Morgan Stanley (NYSE:MS) was among the worst in history, and not long after paying out $6.5 billion to acquire the company, Morgan Stanley has struggled to pay for it since that... More of this article »
JPMorgan Chase & Co. (NYSE:JPM) Drops Arbitration Clause From Card Contracts in Antitrust Lawsuit
JPMorgan Chase & Co. (NYSE:JPM), the largest credit card lender in America has agreed to drop the use of an arbitration clause in order to move forward in settling an antitrust lawsuit which included a number of other large financial... More of this article »
Wells Fargo (NYSE:WFC) Says Taxpayers Will Bail Out Bad Loans, So Doesn’t Have to Reserve Against Losses
Wells Fargo (NYSE:WFC), in an extraordinary and arrogant practice, has decided they don’t have to reserve against any potential losses for off balance sheet (OBS) exposures because the taxpayers will bail them out if the loans... More of this article »
Lending Club Complaints: What Lending Club Could Do Better
As of the end of 2009, Lending Club is now originating over $6 million in new loans per month, almost three times what its primary competitor, Prosper.com, is putting out. Although it’s currently getting a lot of attention while... More of this article »
Lending Club Stats: What Types of Loans Perform Best
With Lending Club’s revamped statistics pages, investors have gained a much better idea of what types of loans perform better than others. Previously, investors had some hints about what typed of loans performed better from the company’s... More of this article »
Lending Club Originates $6.3 Million in New Loans in October, Outpaces Prosper Marketplace
Lending Club originated a total of $6.3 million in new loans during the month of October, making it the fastest growing peer-to-peer lending firm in the United States. The company has seen significant growth in the number of loans... More of this article »
Lending Club Investment Strategies: High Risk or Low Risk Loans
Investors that make use of the peer-to-peer lending firm, Lending Club, recently gained access to a lot of new data that will help them make better decisions as to what types of loans they should fund and which ones they should avoid.... More of this article »
Bank of America’s (NYSE: BAC) Next CEO: Ken Lewis?
It is no secret that Bank of America (NYSE: BAC) is struggling to find it’s next Chief Executive. Earlier this year, Kenneth D. Lewis announced that he was planning to leave his position at the end of the year amid a storm of controversy.... More of this article »
Ohio Sues Moody’s, Standard & Poor’s, and Fitch Over Fund Losses
While much of the disdain of the banking industry in the last 12 months has been primarily aimed at banks, the scope now seems to be broadening. On Firday, the State of Ohio has filed a lawsuit against Moody’s Investor Services,... More of this article »
Becoming a Lending Club Lender – What are the Legal Requirements?
Many investors have lost faith in the stock market, real estate and other investments to provide consistent return over time. As a result, investors are increasingly seeking alternative investments to round out their investment portfolios.... More of this article »
Lending Club Hosts Webcast about New IRA Product
Lending Club recently hosted an online conference with its investors about its new IRA product. During the conference, hosted on Instant Presenter, Scott Langmack presented on Lending Club’s new IRA option to over 100 of the company’s... More of this article »
Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and J.P. Morgan Chase (NYSE:JPM) Hire 17,000 for Mortgage Restructuring
There’s good and bad news when you consider that a large growth area for job creation is with Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), and J.P. Morgan Chase (NYSE:JPM), which have hired approximately... More of this article »
Is Wells Fargo (NYSE:WFC) Much Weaker Than it Admits?
The Wells Fargo (NYSE:WFC) continues to be a somewhat strange one, as the conflicting signals from the company over the months leaves you wondering what the real strength of the bank is. One obvious example is their response to receiving... More of this article »
JP Morgan (NYSE:JPM) Acquiring All of Cazenove for $1.67 Billion
After a successful joint venture partnership over the last five years, JP Morgan (NYSE:JPM) announced it will be acquiring the rest of Cazenove, an investment bank based in the UK. Terms of the deal were JP Morgan would pay $8.98 a... More of this article »
Congressmen Ron Paul and Alan Grayson Announce Amendment Based on HR 1207 Passes in Financial Services Committee
Concerns were raised after highly supported HR 1207 was gutted by Mel Watts, who offered a version of the bill so different as to not to be taken seriously, in response, Congressmen Ron Paul and Alan Grayson added an amendment to HR... More of this article »
Lending Club Vs Prosper – Which Company Provides Better Peer-to-Peer Loan Investment Opportunities?
After the dust has settled from the SEC coming down on peer-to-peer lending companies in the United States, Prosper.com and Lending Club have come out as the two dominant forces in the peer-to-peer lending industry in the United States.... More of this article »
Goldman Sachs (NYSE:GS) Shorting Wells Fargo (NYSE:WFC), Mastercard (NYSE: MA), PNC (NYSE: PNC) and AIG (NYSE: AIG)
I learned a long time ago to not listen to what people say but watch what they do, and in the case of Goldman Sachs (NYSE:GS), their net shorting of Wells Fargo (NYSE:GS), Mastercard (NYSE: MA), PNC (NYSE: PNC) and AIG (NYSE: AIG)... More of this article »
J.P. Morgan Chase (NYSE:JPM) CEO Jamie Dimon: No Bank Should be Too Big to Fail
In a recent op-ed piece, J.P. Morgan Chase (NYSE:JPM) chairman and CEO Jamie Dimon asserted that there should be no limits to the size companies are allowed to grow, while at the same time any company should be allowed to fail. While... More of this article »
Prosper Vs Lending Club – Who Has The Best Peer-to-Peer Loan Interest Rates?
Both Prosper.com and Lending Club offer fixed-rate unsecured loans that amortize over a period of 3 years. Although the loan products that borrowers are getting are essentially the same from both companies, the interest rates that... More of this article »
Prosper.com Lending Volume Increases by 65% in October
Peer-to-Peer lending firm, Prosper.com, has announced that its new loan volume had increased by 65% during the month of October. During the month of September, the company originated $1,222,378 in new loans. That number increased to... More of this article »