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Citigroup (NYSE:C), Bank of America (NYSE:BAC),JP Morgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and Morgan Stanley’s (NYSE:MS) Exposure to European Crisis
It hasn’t taken more than few days after the announcement that the European Union would be bailing out the socialist, welfare states of the region, when it is being increasingly realized that this is another way of saying we’re... More of this article »
Richard Bove Downgrades UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) as Europe Deteriorates
Rochdale Securities banking analyst Richard Bove downgraded UBS (NYSE:UBS) and Credit Suisse (NYSE:CS) from “Buy” to “Neutral,” based solely on the deteriorating economic situation in Europe. Both banks were... More of this article »
Citigroup (NYSE:C) Plunges Below $4 A Share on EU Sovereign Debt Crisis
The fallout from the decision to offer almost $1 trillion to the socialist, welfare nations of southern Europe is hitting stocks hard today, as Citigroup (NYSE:C) has fallen below $4 a share, and about 12 stocks are falling for every... More of this article »
Morgan Stanley (NYSE:MS), Credit Suisse (NYSE:CS) Concerned Over EU Inflation
As investors have digested the implications of the bailout package of close to $1 trillion for the irresponsible spending by the countries in southern Europe, Morgan Stanley (NYSE:MS) and Credit Suisse (NYSE:CS) have rightly noted... More of this article »
Andrew Cuomo Investigating Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), others, Over “Misleading” Ratings Agencies
Andrew Cuomo has initiated another investigation, this time into eight banks, which include Citigroup (NYSE:C), Goldman Sachs (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), UBS, Deutsche Bank, Credit Agricole and... More of this article »
Fiserv (NASDAQ: FISV) Launches New Peer to Peer Payments Service, Hopes to Steal Thunder from PayPal (NASDAQ: EBAY)
Fiserv, Inc (NASDAQ: FISV) has announced a new peer to peer payments service which will be available to banks and credit unions, called ZashPay, which will allow users to send each other electronic payments without the use of an intermediary... More of this article »
Lending Club Now Offering 5-Year Peer to Peer Loans
Lending Club, a company which offers a peer to peer lending marketplace, has now begun offering 5 year unsecured loans to borrowers in addition to the 3 year loans which are standard among the industry. Lending Club Director of Product... More of this article »
Lending Club Extends Photo Contest Deadline
Lending Club, a company which offers a peer to peer lending marketplace, has extended a contest that they are running to collect backgrounds for their new homepage to May 31st. The contest was originally scheduled to end on April 30th. Lending... More of this article »
Peer to Peer Lender Prosper.com Implements New Loan Servicing Platform
Prosper.com, a company which offers a peer to peer lending marketplace, has implemented a new loan servicing platform which “involved the integration of more than 2 million loan based transactions”, according to a statement... More of this article »
Citigroup (NYSE:C) Chief Economist Says EU Governments are “Wimps” in Response to Greek Sovereign Debt Bailout
Chief economist of Citigroup (NYSE:C) Willem Buiter said governements in the European Union are “wimps” because of how long it’s taking them to bail out Greece. At the Council of Foreign Relations in New York, Buiter... More of this article »
AIG (NYSE:AIG) Reportedly Chooses Citigroup Inc (NYSE:C) and Bank of America (NYSE:BAC) Over Goldman Sachs (NYSE:GS) for Restructuring Advice
AIG (NYSE:AIG) has changed course and decided to go with Citigroup Inc (NYSE:C) and Bank of America (NYSE:BAC) to advise them on restructuring the business, changing their mind on their original plan to have Goldman Sachs advise them... More of this article »
Lending Club to Hold New Investor Forum on May 6th
Peer to peer lending company Lending Club will be hosting a new investor meeting on May 6th at 4:00 PM ET. According to Lending Club’s statement, “This forum will help you streamline the investing process, and become a... More of this article »
Lending Club Offering Up to 2% Cash on New Deposits from Investors
Lending Company, a firm which offers a peer to peer lending marketplace, is offering investors a cash bonus for any new money invested with Lending Club by may 26th. Lending Club will provide the following tiered bonus to investors... More of this article »
Goldman Sachs (NYSE:GS) will Re-examine Business Practices says Blankfein
In a conference call with the wealthiest customers of its private-wealth-management business, Goldman Sachs’ (NYSE:GS) CEO Lloyd Blankfein said there’s a positive outlook to the fraud charges against the company in that... More of this article »
Citigroup (NYSE:C): Commodity Companies BHP Billiton (ASX:BHP) and Xstrata (LON:XTA) May Cut Expansion, Acquisitions on Super Tax
Planned expansion by BHP Billiton (ASX:BHP) and Xstrata (LON:XTA) may be dramatically cut back according to Citigroup (NYSE:C) and others, as a new 40 percent levy by the Australian government, along with double taxation which is paid... More of this article »
Lending Club Fees and Prosper.com Fees: Which Peer to Peer Lending Site Has the Lowest Fees for Investors?
Prosper.com and Lending Club are two companies which operate peer-to-peer lending marketplaces which allow their members to serve as lenders and provide loans to other members of the site. As with any investment, fees matter. Investors... More of this article »
Citigroup (NYSE:C) Says Euro Will Rally on Greece Bailout – Are they Serious?
According to Citigroup (NYSE:C) strategist Steven Englander the euro could surge above $1.35 as the possibility of a Greece bailout bringing more stability to Europe could drive up the beleaguered currency. Englander thinks investors... More of this article »
Warren Buffett Strongly Defends Goldman Sachs (NYSE:GS) Over Fraud Charges
At the highly popular annual shareholders meeting of Berkshire Hathaway (NYSE:BRK), Warren Buffett came out strongly in defense of Goldman Sachs (NYSE:GS) over the fraud allegations leveled against them. Buffett told shareholders that... More of this article »
Lending Club’s Fees and Prosper.com’s Fees: Which Peer to Peer Lending Site Has the Lowest Fees for Borrowers?
Lending Club and Prosper.com are two companies which operate peer-to-peer lending marketplaces which allow borrowers to take out unsecured loans from other members of the site that act as lenders. Both marketplaces operate with slightly... More of this article »
Canada Faces Real Risks says Morgan Stanley (NYSE:MS)
After some glowing reviews from Moody’s (NYSE:MCO) and the Bank of Canada, it seems the country is poised to grow at rates faster than expected, but Morgan Stanley (NYSE:MS) says there are some very real risks Canada faces, and... More of this article »
Should You Use Lending Club for Debt Consolidation?
If you have several thousand dollars of miscellaneous debt floating around, such as credit cards or personal loans, it might be worth considering consolidating your debt into a single loan for convenience purposes and because it could... More of this article »
Student Lending Reform May Hamper Growth in Student-Targeted Peer to Peer Lending Sites
Fynanz and People Capital, Two fledgling peer to peer lending companies, which offer peer to peer loans to student borrowers, may face trouble finding customers given the student loan reform legislation which was passed as part of... More of this article »
Bank of America (NYSE:BAC) Chairman Charles “Chad” Holliday Could Help International Expansion
The choice of Charles “Chad” Holliday as the new chairman of Bank of America (NYSE:BAC) may have been at least partially influenced by his experience as CEO of DuPont (NYSE:DD) at a time when the company was expanding it... More of this article »