CIT isn’t big enough to be a systemic risk, said Jason Mudrick, president of New York-based investment firm Mudrick Capital Management LP and a CIT bondholder... yet others state: House Financial Services Committee Chairman Barney Frank said he’s “heard from a lot... (Continue reading)
This post got deleted off the FAZ board on yahoo…fwiw,which seems odd. I merely ask: if this is a financial rally which is suppose to run for months, as the pundits keep saying, why the unseemly haste of the banks to all... (Continue reading)
"With the rise we've seen lately there's no sense leaving it all on the table," said Dan Cook, senior market analyst at IG Markets....Saluzzi said investors shouldn't mistake the strong trading volume seen this week as a sign of conviction... (Continue reading)
nothing to see here, certainly don’t worry if BAC needs to dilute it’s common stock by at least 30%, or if WFC and Citi need to do the same. The fact that the reporters conclude that 60% of the top... (Continue reading)
Put this odd little video in the same category as the leaked stress test results last month posted on an extremist web site. That rumor, however, did affect the markets, so I post this here as an fyi. Take this all... (Continue reading)
Fed Delays Stress Test Results as Conclusions are “Debated” Posted May 01, 2009 09:45am EDT by Henry Blodget in Investing, Recession, Banking Related: xlf, spy, dia, bac, c, wfc From The Business Insider, May 1, 2009: Stress-test results not coming Monday after all: Bloomberg: The... (Continue reading)
Citi, BofA reportedly told to boost capital Early results of bank stress tests indicate the troubled banks need more capital in case economic conditions worsen, according to a published report Government regulators have told Bank of America Corp. and Citigroup Inc. that... (Continue reading)
However, that bottom hasn't been reached, and is still nowhere in sight, despite the recent quarterly profit reports by a few of the largest US banks....Additionally, much of the "profit" reported for the first quarter resulted from one-off events that... (Continue reading)
In today’s Bloomberg article “Fed’s White Paper Leaves Questions Unanswered, Analysts Say ” the prominent analysts quoted express their disappointment in the Fed White Paper released on the bank stress tests, saying the anticipation surrounding the long awaited paper was “much... (Continue reading)
Calculated Risk lists 4 banks closed today by the FDIC, plus one large credit union seized by the NCUA. MarketWatch posts on the story as well: NCUA Seizes Eastern Financial Florida Credit Union by CalculatedRisk on 4/24/2009 03:17:00 PM Link: http://www.calculatedriskblog......orida.html by CalculatedRisk on... (Continue reading)