Posts Tagged ‘
Wall Street Banks ’
Sep 14th, 2009 |
By Bill Bonner |
Category: Politics & Economics
This week marks the one-year anniversary of the Lehman bankruptcy. The media struggles to say something meaningful about it. Here at the Daily Reckoning we will not even attempt meaningfulness. We’ll be satisfied with a few snide remarks.
Tags: Bill Bonner, Depression, inflation, JPM, Lehman, President Obama, US economy, US unemployment crisis, Wall Street Banks
Posted in Politics & Economics |
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Jan 2nd, 2009 |
By William Patalon III |
Category: Financial News
Two major U.S. banking deals were completed yesterday (Thursday), enabling the suitors to finalize the deals before 2008 came to a close. Bank of America Corp. (BAC) completed its purchase of Merrill Lynch & Co. Inc. (MER), creating the largest U.S. bank – as well as the biggest challenge yet for longtime BofA Chief Executive Officer Kenneth D. Lewis.
Tags: BAC, BLK, Citigroup, credit crisis, JPM. LEHMQ.PK, MER, Real Estate Loans, US Banking, Wall Street Banks, WB, WFC, William Patalon III
Posted in Financial News |
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Nov 17th, 2008 |
By Chris Gaffney |
Category: Financial News, US Dollar & Forex Trading
G20 largely a non-event… Pound moves up… Brazil falls on sell off of emerging markets… Japan enters recession… And Now… Today’s Pfennig!
Tags: Brazilian real, British pound, Chris Gaffney, CPI, Emerging Markets, Financial Crisis, G20, Global Currencies, Global Economy, Global Recession, hedge funds, Investment Vehicles, Japanese recession, Japanese Yen, Manufacturing Sector, President George W Bush, Retail Stores, US dollar, Wall Street Banks
Posted in Financial News, US Dollar & Forex Trading |
1 Comment »
Oct 29th, 2008 |
By William Patalon III |
Category: Financial News
Consumer Confidence at All-Time Low; Home Prices Continue Collapse; OPEC Still Not Satisfied; Whirlpool Circles the Drain; Optimistic Wall Street; Banks Balk on Buyout; Stop the Presses?
Tags: Consumer Confidence Index, Credit Suisse Group, CS, DB, Deutsche Bank Ag, DHX, GCI, Oil Market, Opec, US stocks, Wall Street Banks, Whirlpool Corp, WHR
Posted in Financial News |
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May 28th, 2008 |
By Contrarian Profits |
Category: Featured, Financial News
Since the beginning of the subprime crisis last July, financial companies around the world have fired a total of 83,000 workers, sparking fears that the global recession could be worse than expected. This from Bloomberg:
It’s as if the entire workforce at Goldman Sachs Group Inc. and Morgan Stanley vanished in less than a year.
From Tokyo to London to New York, financial companies announced plans to shed more than 83,000 jobs since last July as revenue and compensation pools evaporated, according to figures compiled by Bloomberg.
Tags: bear market, Bear Stearns, Global Recession, housing crisis, inflation, Labor Department, recession, subprime, Wall Street, Wall Street Banks
Posted in Featured, Financial News |
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May 19th, 2008 |
By Contrarian Profits |
Category: Featured, Financial News
Citigroup has slashed its earnings outlook for Wall Street investment banks Goldman Sachs Group, Lehman Brothers Holdings and Morgan Stanley because of a tough operating environment, according to a report by Thomson Reuters.
The second quarter has seen lower client-related trading volumes, little banking activity, losses related to ineffective hedging and reversals of gains on fair valuing liabilities, [Citigroup analyst] Prashant Bhatia wrote in a note dated May 16.
Tags: , Confidence Index, Consumer Confidence, credit crisis, Financial Economics, Global Insight, Goldman Sachs, Goldman Sachs Group, Index Of Consumer Sentiment, Insight Inc, Investment Banks, Lehman Brothers, Residential Mortgages, Stimulus Package, Wall Street Banks
Posted in Featured, Financial News |
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Apr 18th, 2008 |
By Contrarian Profits |
Category: Featured, Financial News
From the Five Minute Forecast, “Citi came clean with another $12.1 billion in write-downs. They announced a $5 billion first-quarter loss this morning, too.
The loss is larger than expected, but a higher-than-expected top-line earnings number has given traders reason to celebrate, apparently. Ticker C rocketed up over 8% in premarket trading. Our best guess: A known loss is better than the great abyss. And there are still plenty of folks willing to time the bottom in any one of these behemoth Wall Street banks.
Tags: 1 Billion, 5b, Abyss, Au Contraire, Behemoth, Citi, Citigroup, Earnings, etf, Losses, Mortgage Backed Securities, Proshares Ultrashort, Quarter Loss, Stock, Tangled Mess, Treasuries, Wall Street, Wall Street Banks
Posted in Featured, Financial News |
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