: iStockAnalyst.com Symbols Feed

Reaching For Yield In The Post-TARP Era

Fri, 04 Dec 2009 15:42:49 GMT

Bank of America’s repayment of its TARP funds, I couldn’t help but think of a post I wrote six months ago called "Asymmetric information and corporate governance in bank bailouts." The gist is of the post is about the same as Yves’ and it was inspired by lessons of the S&L crisis of the 1980s.[More...]

Citi Issues Notes

Fri, 04 Dec 2009 15:10:01 GMT

Citigroup Inc. (C) yesterday announced the sale of $1.875 billion worth of senior remarketing notes. The notes will mature on Jan 15, 2015. These will bear interest at a fixed rate of 6.01% per annum. Interest on the notes is payable semi-annually in equal installments on the 15th day of each June and December, commencing Jun 15, 2010.[More...]

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Thu, 03 Dec 2009 23:50:15 GMT

Farewell IPO window. European construction company Hochtief was forced to cancel the IPO of its concessions business once investors became unwilling to pay more than €20 for the new shares, with the bottom of the range at €24 previously. Furthermore, according to market participants, the company was able to only fill half a book, after management disclosed during a roadshow lunch that the Dubai jitters made finding investors complicated. Watch for some material downside to the stock when it opens in Europe tomorrow.[More...]

Revealed: How The System Favors The Wealthy

Thu, 03 Dec 2009 21:07:08 GMT

"The U.S. tax code is the most political law in the world." -- Jonathan Blattmacher, tax lawyer to the super-wealthy "Taxes are what we pay for civilized society." -- Oliver Wendell Holmes[More...]

A Busy Month For Immunogen (Part II)

Thu, 03 Dec 2009 21:03:11 GMT

At ASH 2009, Immunogen (IMGN) and its partners will present clinical data on three compounds: Sanofi-Aventis’ (SNY) SAR3419, Immunogen’s IMGN901 and Biotest’s BT-062.[More...]

Bank of America (BAC) Hopes To Lure Top Shelf Talent By Paying Back TARP Loans

Thu, 03 Dec 2009 20:31:33 GMT

Bank of America Corp. (NYSE: BAC), the nation’s biggest lender, reached an agreement to repay $45 billion of Troubled Asset Relief Program (TARP) bailout funds, removing government imposed restrictions on executive pay that have hindered its search for a new CEO.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

Chinese official raps foreign banks on derivatives

Fri, 04 Dec 2009 09:46:00 GMT

BEIJING - A senior Chinese official criticized foreign banks for selling derivatives with "fraudulent characteristics" that led to heavy losses for state-owned airlines and other companies.
"Some international investment banks are the biggest villains," said Li Wei, deputy chairman of the agency that oversees China's biggest state companies, in a newspaper published by the school of the Communist Party's Central Committee.
The commentary in this week's edition of the Study Times was the Chinese government's most pointed public criticism yet of foreign financial institutions.

: iStockAnalyst.com Symbols Feed

Reaching For Yield In The Post-TARP Era

Citi Issues Notes

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Biggest European IPO In Two Years Cancelled After Major Valuation Disconnect

Revealed: How The System Favors The Wealthy

A Busy Month For Immunogen (Part II)

Bank of America (BAC) Hopes To Lure Top Shelf Talent By Paying Back TARP Loans

China Will Continue To Drive The Global Economic Recovery In 2010

Chinese official raps foreign banks on derivatives

Chinese official raps foreign banks on derivatives

BofA to pay off bailout: Repayment of $45 billion loan from taxpayers will free bank from extra regulations

Defendants exit suit by Enron investors

Roundly differing views on cyclical stocks

Bank of America to repay government in full

Judge ends Enron suit filed by shareholders

CEO candidates recommend changes at BofA

Chicago Tribune Gail MarksJarvis column: Roundly differing views on cyclical stocks

UPI NewsTrack Business

100% Profitable Stock Trading Streak Climbs to 51 in a Row

Citi Private Bank Announces Key Hires

Grass Roots Research and Distribution Issues "BUY" Rating With $0.15 Target Price for United States Oil & Gas Corporation

Level 3 to Support Clearwire's National 4G WiMAX Network

Citi Awarded Contract Renewal and Extension of Fund Services to Victory

PicksThatMove.com Announces Investment Opinion on Citigroup Inc., Berens Energy Inc., Somaxon Pharmaceuticals Inc., Gran Tierra Energy Inc. and NeoMedia Technologies Inc.

NYSE Euronext Completes Acquisition of NYFIX

Rothman Research Issues Fundamental Research on Players in the Financial, Healthcare & Services Sectors

Notice to All Investors of CIT InterNotes From the Securities Law Firm of Klayman & Toskes

PicksThatMove.com Announces Investment Opinion on Bristol-Myers Squibb Co., Incyte Corp., EnCana Corporation, B2Gold Corp. and Medclean Technologies Inc.

Form 4 SUNOCO INC For: Dec 02 Filed by: Thomson Michael J (10K)

Form 4 SUNOCO INC For: Dec 02 Filed by: Ainsworth Anne-Marie (10K)

Form 4 CITIGROUP INC For: Nov 30 Filed by: Mills William (10K)

Form 4 CITIGROUP INC For: Nov 30 Filed by: KELLY EDWARD J III (10K)

Form 4 CITIGROUP INC For: Nov 30 Filed by: Gerspach John C (10K)

Form 4 Elsenhans Lynn Laverty For: Nov 09 (10K)

Form 3 Ainsworth Anne-Marie For: Nov 09 (10K)

Form 4 MCBRIDE ANTHONY A For: Nov 01 (10K)

Form 4 LEVEL 3 COMMUNICATIONS For: Oct 16 Filed by: SIXTY TWO INVESTMENT CO LTD (10K)

Form 3 Merchant Rahul N For: Oct 01 (10K)