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The Case for Streamlined Banks. Wells Fargo and Co. (NYSE: WFC) Puts up High Average Return on Equity
As Congress mulls over a financial reform bill, it may be the banks themselves that are providing the road map. The argument: it’s not the size that matters. It’s the complexity. Wells Fargo & Co. (WFC) does not have a large... More of this article »
Get Peer to Peer Lending Investment Tips from Lending Club Webcasts
If you are interested in investing some of your money in a peer to peer lending company, such as Lending Club or Prosper.com, you really shouldn’t go in without spending a significant amount of time learning about what makes... More of this article »
Prosper.com “Series D” Funding Devalued Shares by 93%
Prosper.com, a company which offers a peer to peer lending marketplace, recently completed its “Series D” funding round which provided the company with $14.7 million in new capital, however the deal was on much less favorable... More of this article »
Opinion: Goldman Sachs (GS) is Only the Tip of “Quant” Iceberg
I recently read The Quants, a book by Wall St. Journal reporter Scott Patterson. The book talks about the rise, and perhaps fall, of a group of mathematicians and computer scientists turned investment bankers and hedge fund managers. Their... More of this article »
Warren Buffett Has No Problem with Berkshire Hathaway (NYSE:BRK) Stake in Goldman Sachs (NYSE:GS)
According to Berkshire Hathaway (NYSE:BRK) director, Thomas Murphy, cited by Bloomberg News, Warren Buffett has little concern over the large stake Berkshire holds in the giant financial firm, regardless of the current fraud charges... More of this article »
Citigroup (NYSE:C) Says Greece Becoming a European Union Contagion
Citigroup’s (NYSE:C) Mark Schofield, global head of interest-rate strategy in London, said concerning the Greece sovereign debt debacle that “We’re seeing contagion.” He is referring Portugal, Spain and Italy,... More of this article »
Media Reports that German Bank BayernLB (BAYB.UL) Cut Ties with Goldman Sachs (NYSE:GS) Not True
Sloppy research and reporting from media outlets that German bank BayernLB (BAYB.UL) had cut all ties with Goldman Sachs (NYSE:GS) are untrue, as all the story really entailed the cancellation of only one consultancy agreement. Communicating... More of this article »
Citigroup (NYSE:C) Says Real Estate Correction in Chinese Market Inevitable
An increasing number of analysts and investors are concerned over how quickly and high Chinese real estate prices have risen, and according to Citigroup (NYSE:C), there a correction in the Chinese property market is inevitable, and... More of this article »
How to Get a Bonus on Your Lending Club Investment
Lending Club, a company which operates a peer to peer lending marketplace, recently offered a 1.5% cash bonus on any new investments for investors that chose to deposit their tax refund into their Lending Club account. The offer... More of this article »
Prosper.com Gets Funded by Google (NASDAQ: GOOG) CEO Eric Schmidt
Prosper.com, a peer to peer lending marketplace, recently closed a $14.7 million “Series D” round of funding from new and existing investors, including Google Inc. (NASDAQ: GOOG) CEO Eric Schmidt through TomorrowVentures. Prosper... More of this article »
Peer to Peer Lending Discussed on This Week in Venture Capital
The Podcast This Week in Venture Capital (TWIVC) discussed the return of the peer to peer lending industry with the two major companies in the arena closing a new round of capital during the last month. Prosper Marketplace closed a... More of this article »
Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and JP Morgan Chase (NYSE:JPM) Will be Downsized if Liberal Democrats Get Their Way
A group of liberal Democratic senators are seeking to broaden the regulations concerning big banks, as they’ve introduced legislation to limit the size of banks in the United States, of which only Bank of America (NYSE:BAC),... More of this article »
Why U.S. Government Wants Citigroup (NYSE:C) Over $5 A Share
At the recent Citigroup (NYSE:C) shareholder meeting, a number of shareholders pushed for a reverse stock split in order to increase the price of the company, as I wrote about earlier. This is also why there has been so much positive... More of this article »
Questions About the SEC in Case Against Goldman Sachs (NYSE:GS)
There can be no doubt the charges by the SEC against Goldman Sachs (NYSE:GS) have been waiting in the wings as a political tool to use at the right time to promote the agenda of the Obama Administration, which has been tottering on... More of this article »
Citigroup (NYSE:C) Doubles Profits, Pandit’s Guidance Cautious
Although Citigroup (NYSE:C) CEO Vikram Pandit was happy with the first quarter results, which surprised some by doubling profits and increasing revenue, Pandit was quit to add caution on any type of positive guidance going forward,... More of this article »
Prosper.com Finalizes $14.7 Million Series D Funding Round
Peer to peer lending company Prosper.com has announced that it has finalized a $14.7 million Series D round from new investors TomorrowVentures, LLC and CompuCredit Holdings Corporation (NASDAQ: CCRT) and all of Prosper’s existing... More of this article »
SEC Files Fraud Charges Against Goldman Sachs (NYSE: GS)
The Securities and Exchange Commission filed charges against Goldman Sachs Group Inc (NYSE: GS) on Friday, accusing the Wall Street firm of defrauding investors in a sale of securities tied to subprime mortgages. The SEC announced... More of this article »
Lending Club and Prosper: Comparing Two Peer to Peer Lending Models
Lending Club and Prosper Marketplace are the two established companies in the United States which offer peer to peer lending marketplaces in which people can make loans to one another. Although they have similar business plans, the... More of this article »
Lending Club Announces Closing of $24.5 Million Series C Funding
Lending Club, a company which offers a peer to peer lending marketplace, announced the closing of a $24.5 million “Series C” investment round, lead by Foundation Capital and joined by existing investors including, Morgenthaler... More of this article »
Technical’s May Indicate Decline in Citigroup (NYSE: C) Share Price
Citigroup Inc Shares (NYSE: C) closed down by $0.02 or -0.43% on Tuesday, despite seeing 596 million shares of the company’s stock trading hands during the day. Citigroup had what some in the investment world would refer to as... More of this article »
Bank of America (NYSE:BAC) Mortgage Picture Not Looking Pretty Says President of Home Loans
In her testimony before the House Financial Services Committee today, which assembled to find out where the bank is in regard to modifying mortgages in trouble, president of Bank of America Home Loans, Barbara Desoer, didn’t... More of this article »
Citigroup Cuts Dead Weight, Sets Eyes on Growth (NYSE: C)
Citigroup Inc (NYSE: C) has gotten past the financial crisis and now with the U.S. Treasury announcing plans to divest itself from the New York-based bank. Citigroup is in the process of regrouping and has ridden itself of most of... More of this article »
Morgan Stanley (NYSE:MS) Says Tory Victory Better for Pound, Stock Market
Morgan Stanley (NYSE:MS) has said a victory by the British Conservative party would be better for the British Pound and the stock market, reiterating what Deutsche Bank recently stated as well. In a note to clients, Morgan Stanley... More of this article »