Investment Banks Hoist on 2005 Bankruptcy Law Changes Petard
Investment banks? What investment banks, says the alert reader ... to pull funds from the Federal Reserve more readily. The Financial Times report that the changes ... about having credit exposure and can start curtailing certain types of activities and close accounts [more...]
Date: 2008-10-31 14:00:01
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Commodity Boom Turns Bust in 2008 as Worldwide Economy Crumbles
Commodity prices in 2008 plunged the most in five decades as demand for energy, metals and grains tumbled in the second half because of the recession ... crumbled last year. Home prices plummeted, investment banks collapsed and credit froze. U.S. consumer ... emerging markets withered. “Macroeconomically, we’re in a free fall,” said John Brynjolfsson [more...]
Date: 2009-01-02 17:46:41
Research house upbeat on property stocks
Research house upbeat on property stocks It cites falling interest rates and possible favourable Budget measures By EMILYN YAP INVESTORS can ... credit for new investments,’ it explained. Banks may also introduce more attractive mortgage ... the operating environment for real estate companies this year, said Kim Eng Research in a report yesterday [more...]
Date: 2009-01-06 22:00:37
godai aku LAGI: The Fed works very hard to restore..
Fed loans to banks increase in latest weekHoldings of commercial paper grow by $16.5 billion, as credit crunch persists ... to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezing the financial system.The Fed released a report Friday saying commercial banks averaged [more...]
Date: 2008-11-30 10:44:00
Wall Street, big bonuses, and the taxpayer
There's an interesting article in Bloomberg this morning about Wall Street bonuses and how they are viewed by the public ... Americans with the consensus view being that a good deal of that pain has its origins in New York City ... ., the investment bank acquired by Credit Suisse Group AG in 2000. ``Your very best people are people you want [more...]
Date: 2008-11-11 16:45:46
The Schwab Bank Invest First™ Visa Signature® Credit Card
The name of the card has clearly too many symbols and arguably too many syllables, but when the daily financial news is consistently dire, ... to literally take advantage of a credit card’s bonus features, check this out: Unlimited 2% “cash” back ... I should just be happy to see something that is this innovative and attractive. It’s a credit [more...]
Date: 2008-12-09 12:56:30
Well! Now we know why Emperor Paulson wanted retroactive immunity in his trillion dollar bailout plan!
How did Paulson try to get retroactive immunity? Why, via the infamous Clause 8, of course: the clause Krugman caught Paulson lying about ... , Lehman Brothers and American International Group, bringing to 26 the number of bureau investigations ... into disclosure and valuation of housing-related investments at banks, insurers and credit rating [more...]
Date: 2008-09-24 02:53:58
"60 Minutes" Report: So Many More Foreclosures Coming
Back in August, the New York Times ran a story about a second wave of foreclosures that is going to hit, ... and then reset years later). The above chart, put together by the investment bank of Credit Suisse and featured on last night's "60 Minutes'" report, shows when the resets on these exotic mortgages [more...]
Date: 2008-12-15 19:12:36
JPMorgan profit drops 76 percent
JPMorgan Chase & Co. said that its profit fell 76 percent as rising defaults. The company said in a statement that the year-old U.S ... More consumers are paying late on their credit cards and mortgages, forcing banks to increase reserves ... , a year earlier, the New York-based bank said. JPMorgan’s investment-banking division lost $2.36 [more...]
Date: 2009-01-15 14:23:57
Jamie Dimon Shows How It Is Done (JPM)
JPMorgan Chase (NYSE: JPM) has just released earnings and Jamie Dimon is showing he is a better manager even than the most positive ... billion due to mortgage-related positions and leveraged lending exposures in the Investment Bank ... increased credit reserves by $1.3 billion to $15.3 billion, resulting in loan loss allowance [more...]
Date: 2008-10-15 11:11:59
From Citigroup to Citicorp
David Enrich says that the new big idea over at Citigroup (C) ... he has a proven ability to run such a thing. The problem, of course, is how on earth to get there from here ... to the credit-card operations and the investment bank, and it might be easier, quicker [more...]
Date: 2009-01-13 21:36:58
How To Build A CD Ladder and Get The Highest Interest Rate
During tough times, there is always the inevitable flight to quality as investors seek out stable investment options to keep their money safe from ... certificate of deposits (CDs). Because CD’s are issued by banks and credit unions, they enjoy ... fixed time asset offered to consumers and businesses by banks and credit unions. When you buy a CD [more...]
Date: 2008-10-21 03:29:32
End of The Year Market Report for Charlottesville Region
Copyright RealCentralVA.com, LLC. If you are not reading this at RealCentralVA.com the site you see is likely stealing content ... ‘em … wait! yes he does , Auto Bailouts, Investment Banking Bailouts, Credit Card companies [more...]
Date: 2008-12-22 14:00:36
End of the Week Earnings - January 16, 2009
As the earnings season begins to heat up, there were several announcements today before the opening bell concerning some of the top financial ... of financial products and services, including consumer banking and credit, corporate and investment [more...]
Date: 2009-01-16 15:55:00
6 Money Management Software For Personal Finance (Freelancer’s Special)
Being a freelancer is not easy and more so in these troubled times of worldwide recession. It is time that we tighten our budgets and start putting checks on our expenses and start ... , investments, credit cards, savings and your day to day bank accounts. It can also integrate with your bank [more...]
Date: 2009-01-08 14:41:12
Merril Lynch bailout bio
Merrill Lynch was one of the few remaining investment banks before it agreed to be acquired by Bank of America in September ... and credit default swaps) that were backed by mortgages and hedges against defaults, these are high risk [more...]
Date: 2008-11-25 21:09:48
If you’re reading this, you’re part of community banking
35 years ago ShoreBank was founded on the South Side of Chicago to provide people unfairly denied credit with access to financial resources and ... does banking. And they want to invest in this work. They love the stories of local entrepreneurs ... I am definitely in this camp. Banking online is part of “green banking” and it supports our mission to [more...]
Date: 2009-01-16 23:01:57
Secondary Sources: Bank of America, Tax Cuts and Stimulus
A roundup of economic news from around the Web. Bank of America’s Deal: Writing on his Basline Scenario blog, ... incremental investment tax credit; it provides a big bang for the buck, encouraging companies to invest ... and technology, relief to states, and help to the unemployed need pride of place.” Compiled by Phil Izzo [more...]
Date: 2009-01-16 16:01:30
200+ Tools for Surviving the Economic Crisis
With Wall Street’s recent decline and the economy in such an uncertain place, many people are fearful of losing their jobs and lifelong investments ... in that it aggregates your different accounts from banks and credit cards, lets you budget and also [more...]
Date: 2008-10-16 22:24:58
200+ Tools for Surviving the Economic Crisis
With Wall Street’s recent decline and the economy in such an uncertain place, many people are fearful of losing their jobs and lifelong investments ... in that it aggregates your different accounts from banks and credit cards, lets you budget and also lets [more...]
Date: 2008-10-18 10:55:50
Maybe the Fed Should Go Direct
It seems like however much "liquidity" goes in the doors of the banks, not much comes out the other side: WASHINGTON – The Federal Reserve boosted its lending to commercial banks and investment firms over the past week, indicating that a severe credit crisis was still squeezing the financial system [more...]
Date: 2008-11-29 07:01:50
Why Wall Street Is Out Of Control
On 10.01.09, In , By Mike This one chart is all you need to know about the dangerous levels of risk I-banks on Wall Street have accumulated. It also highlights why government intervention to prop up all banks has been so disastrous for the guys who kept their risk levels normal.So what are you really looking at here? This is a comparison of ratios of total credit exposure to risk based capital between Morgan Stanley and Goldman Sachs, two of the largest investment banks in the world. [more...]
Date: 2009-10-01 13:11:20
Words from the Wise
Weekly review of everything financial – courtesy of Prieur du Plessis, writing at his international investment blog, ... . With credit markets still not thawing after the introduction of various central bank liquidity facilities ... (FRE) and the Federal Home Loan Banks, and also purchase up to $500 billion of mortgage paper [more...]
Date: 2008-12-01 06:14:28
Dealing with Uncertain Economic Times
I find a strange melancholic amusement to learn that many of these investment banks’ CEOs and boards of directors — people being paid millions of ... their ability to score a new position in a year’s time? Not one bit. These things will simply be chalked ... in the midst of trying), or other significant credit. If you’re trying to start a business [more...]
Date: 2008-09-23 20:00:00
Secondary Sources: Bank of America, Tax Cuts and Stimulus
A roundup of economic news from around the Web. Bank of America’s Deal: Writing on his Basline Scenario blog, ... vein.” Separately, the Journal’s David Wessel discusses how well TARP is working on NPR. Tax Cuts ... incremental investment tax credit; it provides a big bang for the buck, encouraging companies to invest [more...]
Date: 2009-01-16 17:00:00
Fortis Rescued, but Hypo Bank May Go Bankrupt Monday
Banks are falling over like kingpins. Not good at all. First, on the Fortis salvage operation: Belgium, The Netherlands and Luxembourg invested 11 ... last year and credit writedowns. Fortis will sell its stake in ABN Amro's consumer banking unit ... the articles are in German. which sadly I do not read). However, this report comes from a reader [more...]
Date: 2008-09-29 00:53:15
Mortgages In Arizona For Canadian Citizens Still Available
This week, we were asked by a few people whether or not it was still possible for a Canadian citizen to get financing on an investment property in ... 75% Loan-to-Value International credit report required Verification of mortgage history on primary ... bank statements Picture ID (Drivers license, coy of passport) If self employed, last 2 years Canadian [more...]
Date: 2008-10-17 03:46:05
Mean Street: Why Lehman Brothers Doesn’t Matter Anymore
Yesterday’s precipitous 45% decline in the shares of Lehman Brothers took the broader U.S. stock market down by almost 3 ... . But the vultures are circling. A five-year credit-default swap on Lehman debt now costs almost 600 basis points ... U.S.-focused investment bank with a market cap of around $5 billion. There are a score of billionaires [more...]
Date: 2008-09-10 11:19:00
Merged Citigroup, Morgan brokerage would be largest
Sara Lepro, The Associated Press January 12, 2009 NEW YORK — Citigroup and Morgan Stanley may announce as early as Monday a deal to combine their ... investment banks would no longer be viable amid continued weakness in the credit markets. A deal [more...]
Date: 2009-01-08 01:36:11
De-leveraging the Children of Wall Street
submitted by James Baker Welch, VP of Rothschild Investments One of the most stunning facts of the 2008 Financial Melt-down has been the wholesale ... regulatory agencies to determine if the institution has met the credit needs of its entire community. 1 The CRA began to compel banks to underwrite less credit-worthy mortgage loans in order [more...]
Date: 2009-01-15 15:40:18
more hazard
After all the drama of the last few months, from pre-bailout fear mongering to post-bailout recriminations, ... repaid — to continue through 2009 and into 2010 at all the banks. Commercial real estate, credit ... by rising write-downs, Juneja said as the value of some investments such as mortgage-backed [more...]
Date: 2009-01-11 14:14:46
Global Investing Roundups Wednesday, November 26th, 2008
Consumer Confidence Climbs; Home Prices Record Plunge; Troubled Banks on the Rise; Oil Falls 7%; Slim’s Bank Buys Citi Stock; D.R ... for” 2009, a Credit Suisse Group AG (CS) report said. Source: Global Investing Roundups Wednesday ... , according to the S&P Case-Shiller Home Price index, which posted a 16.6% drop for the three [more...]
Date: 2008-11-26 13:12:23
Bank of America Seeks Second Bailout From Treasury Department
Yesterday, I speculated on the question of whether a bailout of those in credit card debt would be fair ... bailout funds to one of the nation’s largest credit card issuers. Just when I had begun to think ... . Now, after its acquisition of mortgage lender Countrywide and investment bank Merrill Lynch, the fact [more...]
Date: 2009-01-14 23:32:04
Clark Howard talks about the worsening economy
Some interesting articles from Clark Howard’s website: New signs of worsening economic situation CLARKONOMICS: ... value of the banking sector’s toxic assets at $2.1 trillion — that’s $2,100 billion dollars! Read ... is actually like the equivalent of a credit union for investing because it’s wholly owned by account [more...]
Date: 2009-01-16 23:09:38
Green revolution: still possible amid deep recession?
In 2008, oil prices spiked then collapsed, climate-change talks stuttered, and nuclear power reemerged ... -cutting cause by reducing energy usage. A recent Deutsche Bank report predicts that EU emissions ... technologies need. Investment has tapered off and will continue to do so while credit is tight in 2009 [more...]
Date: 2009-01-07 02:08:00
Why the $700 Billion Bailout Bill Will Fail US Taxpayers
My sister lives in a landmark building in Coral Gables, Fla. There was a fire in one apartment in the building ... you an important new report for free: “The Three Best Investments in Asia.” ... was that the banks would get the money, which they could then turn around and lend to keep the credit [more...]
Date: 2008-12-15 14:51:15
How To Chase High Interest Rates On Savings Accounts and Manage Them
I consider myself one of many rate chasers out there - savvy savers who hunt for the best annual percentage yield (APY) interest rates at banks and credit unions, and who are keen on quickly moving large sums of money ... of what I own in cash form, invested in stable interest bearing savings accounts. The type of money [more...]
Date: 2008-07-01 19:21:37
NEWS WIRE: Investing for Social Impact Lures Investors
Source: Investment News. Original news wire here. Community and proactive investing refers to ... in similar problems in rural areas. In some areas, local community banks, credit unions and loan [more...]
Date: 2008-11-19 05:01:42
History Of The World (Financial Crisis), Part I
Nice to see someone is taking notes of the ongoing economic crisis ... struggling investment bank, failed mortgage company, missed-earnings warning, lousy housing report, cut ... and well kept, in fact, that it’s now one of Google’s top entries for the credit crisis timeline [more...]
Date: 2009-01-05 20:43:48
Where Is The Safest Place To Save Or Invest Your Money?
Whether we want to acknowledge the grim reality or not, ... the credit crunch squeeze. With the recent bank safety scares hitting Wall Street and now Main Street, bank deposit customers have been sent reeling and scrambling to check FDIC insurance coverage limits [more...]
Date: 2008-10-03 06:35:30
Bank of America (BAC) might have to cut dividends again
Yesterday a bearish report from Citi Investment Research analyst Keith Horowitz sent Bank of America shares 12% lower ... indeed cut its dividends as it faces further writedowns, frozen credit markets and TARP restrictions ... reasons why companies have lost their dividend aristocrats status between 1989 and 2004 is dividend [more...]
Date: 2009-01-13 12:14:00
“A frightening deterioration in the UK economy”
The British Chambers of Commerce report today that orders, investment and demand for labour all fell heavily in the last quarter of 2008 ... you are not encouraging an old firing at the same time. If you are offering a guarantee to banks for offering credit [more...]
Date: 2009-01-08 15:48:33
Words from the (investment) wise for the week that was (October 13 – 19, 2008)
What a crazy week! A week in which the Dow Jones Industrial Average managed to record both its largest single-day points increase ( ... banks in order to unfreeze short-term credit markets and avoid a collapse of the world’s financial ... . Reflecting on the origins and fall-out of the credit debacle, a quote from Winston Churchill comes [more...]
Date: 2008-10-19 07:33:57
Hong Kong Finance chief given report on minibonds saga
Joyce Man, South China Morning Post 01 Jan 2009 The banking and securities regulators handed a report on the minibonds saga to the financial ... , but consist of high-risk credit-linked derivatives. They are marketed as proxy investments in well-known ... products, a spokesman for the Financial Services and the Treasury Bureau said. He said [more...]
Date: 2009-01-02 20:02:26
Words from the (investment) wise for the week that was (November 24 – 30, 2008)
The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five ... investment and $306 billion in asset guarantees. With credit markets still not thawing after ... billion of debt from Fannie Mae (FNM), Freddie Mac (FRE) and the Federal Home Loan Banks, and also [more...]
Date: 2008-11-30 07:45:19
(C) Words from the (investment) wise for the week that was (November 24 – 30, 2008)
The holiday-shortened Thanksgiving week brought investors an additional item to be thankful for when stock markets closed higher for five ... investment and $306 billion in asset guarantees. With credit markets still not thawing after ... billion of debt from Fannie Mae (FNM), Freddie Mac (FRE) and the Federal Home Loan Banks, and also [more...]
Date: 2008-12-01 01:00:10
What Has Happened to Real Estate Prices?
by Mary Bush Back in the late 1990’s and in the early part of the 2000’s banks had tougher guidelines to purchase a property when using conventional financing. Banks would lend you money based on your debt to income ratio and your credit score ... payment around $600 including principal, interest, taxes, and insurance (PITI). Most investment [more...]
Date: 2008-12-21 13:24:48
What Has Happened to Real Estate Prices?
by Mary Bush Back in the late 1990’s and in the early part of the 2000’s banks had tougher guidelines to purchase a property when using conventional financing. Banks would lend you money based on your debt to income ratio and your credit score ... payment around $600 including principal, interest, taxes, and insurance (PITI). Most investment [more...]
Date: 2008-12-29 12:10:23
U.S. Banks Refuse to Detail How They’re Spending Federal Bailout Money
After receiving hundreds of billions of dollars in taxpayer-funded federal bailout money, the biggest U.S ... up right now, and we’ll send you an important new report for free: “The Three Best Investments in Asia ... . Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight [more...]
Date: 2009-01-06 15:56:33
August 19 2009: A credit crunch on crack
Dorothea Lange Cotton June 1935 Somewhere in California. "Motherless migrant children. They work in the cotton." Ilargi: Shanghai stocks are taking a whoopin’. China's exports are down 23% from a year ago. Direct foreign investment in the country decreased by 35.7% over that same timeframe. Much of the downside has been papered over so far in 2009 by massive amounts of government stimulus and government-ordered lending by the banking system. [more...]
Date: 2009-08-19 16:00:00
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