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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...]

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...]

15 European Banks Now Have Assets Larger Than Their Domestic Economies, Versus 10 Pre-Crisis

Thu, 03 Dec 2009 13:39:38 GMT

It appears just as in the US, where "the big 4" financial oligarchs now dominate, gave become even "too bigger to fail" post crisis and make a farce of "8000 competitors"....[More...]

Treasury Sells Capital One Warrants

Wed, 02 Dec 2009 15:01:36 GMT

The U.S. Treasury Department said on Tuesday that it will auction 12.7 million warrants to buy common stock of Capital One Financial (COF) on Thursday. This is the latest government effort under the Troubled Asset Relief Program (TARP) set up during the height of the financial crisis last year to shore up the financial system.[More...]

Upside Follow-Through

Wed, 02 Dec 2009 00:47:04 GMT

The indices followed through on yesterday’s late comeback rally and gapped up strongly early on, backed off and retested the gap successfully, and then came on and rallied strongly into the mid-afternoon before a last 90-minute rollover brought them off the highs. Still net on the day the Dow was up 126.74 at 10,471,58, the S&P 500 up 13.23 to 1108.86, and the Nasdaq 100 up 20.28 at 1787.71.[More...]

Financial ETF's Could Suffer As Big Banks Look To Boost Cash Position

Tue, 01 Dec 2009 22:29:20 GMT

“Big banks are scaling back their lending activities and boosting cash so far in the fourth quarter to cover lingering credit losses, said J.P. Morgan, which also trimmed its earnings estimates for some large-cap banks on Tuesday,” John Spence Reports From The WSJ.[More...]

Solid 5-Wave Advance Reverses Morning Losses

Mon, 30 Nov 2009 22:42:02 GMT

The markets started out the week on a positive note after some early session choppiness. They were down early at the get-go, rallied to session highs early on, and then rolled over hard to the session lows before noon. They meandered back and forth, held support and then launched a 5-wave advance over the last three hours to close with a solid advance.[More...]

Looking At The Dollar, Treasuries, And Dubai

Sat, 28 Nov 2009 15:54:38 GMT

On Wednesday, I discussed the action in the Dollar, and mentioned that a weakening USD would lead to a rising stock market. I also posted some monthly charts, suggesting the longer-term technical picture makes this a logical point for a significant pullback. It appears that the Dollar breakdown on Wednesday may have been a false move, as nervous US traders looked to avoid holding the currency over the long holiday weekend. This morning the major news relates to debt problems in Dubai:[More...]

Seven 5-Star Stocks From Berkshire's Latest Portfolio

Mon, 23 Nov 2009 17:31:39 GMT

Burlington Northern was just one of several purchases Berkshire has made lately.[More...]

Buffett Borrows For Rail Acquisition

Fri, 20 Nov 2009 21:55:41 GMT

Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRK.A)/(BRK.B), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced earlier this month it would acquire the rest for a total value of $34 billion. Buffet agreed to pay $100 a share in cash and stock to buy the rest of the company.[More...]

Rachleff now the target of $7.5M fraud complaint: Attorney's claim ties late stockbroker to misappropriation of client's funds

Sat, 05 Dec 2009 19:50:00 GMT

Dec. 5--The late New London stockbroker Edwin F. Rachleff, already linked to the disappearance of nearly $12 million from a local credit union, has been accused of fraud in the alleged misappropriation of $7.5 million from one of his clients.
The attorney also was not identified.
FINRA, successor to the National Association of Securities Dealers, is a private corporation that acts as a self-regulatory agency for the brokerage community.

: iStockAnalyst.com Symbols Feed

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

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

15 European Banks Now Have Assets Larger Than Their Domestic Economies, Versus 10 Pre-Crisis

Treasury Sells Capital One Warrants

Upside Follow-Through

Financial ETF's Could Suffer As Big Banks Look To Boost Cash Position

Solid 5-Wave Advance Reverses Morning Losses

Looking At The Dollar, Treasuries, And Dubai

Seven 5-Star Stocks From Berkshire's Latest Portfolio

Buffett Borrows For Rail Acquisition

Rachleff now the target of $7.5M fraud complaint: Attorney's claim ties late stockbroker to misappropriation of client's funds

Senator John Kerry out million$: Study: Senator lost one-third of fortune amid economic crisis

Serial bank robbery suspect charged in federal indictment

67.5% of state-based banks unprofitable: That's twice as many as last year; total loss $824 million in 3Q

Business leaders split on economy: Bankers' outlook upbeat. Duke chief's not so rosy.

Obama's jobs summit faces worst statistics since WWII

Triangle jobless rate at 8.9%

UPI NewsTrack Business

Rev. Jackson calls for foreclosure hiatus

Bank deposits grew in NEPA

Wachovia Preferred Funding Corp. Declares Dividend on Series A Preferred Securities

AFS Technologies, Inc. Acquires Assets of Softrax Corporation

RidgewaterEquity.com Free Fundamental Sector & Market Research on KIM, SOL, LMT, WFC, MET and TDW

Exterran Partners Completes Acquisition of Additional Assets from Exterran Holdings

Wells Fargo Commercial Banking Increases Focus on Illinois, Names Lisa Johnson Regional Head

Wells Fargo Named Best Consumer Internet Bank in North America by Global Finance Magazine

Latest Wells Fargo Survey: Expectations for Increased Revenues Improve Small Business Owner Optimism

Marlin Business Services Corp. Reports Third Quarter 2009 Results

Corporate Office Properties Trust Reports Third Quarter 2009 Results

Washington Trust Announces Third Quarter 2009 Earnings

Form 4 WELLS FARGO & CO/MN For: Nov 30 Filed by: White Julie M (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 30 Filed by: STROTHER JAMES M (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 30 Filed by: CALLAHAN PATRICIA R (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 24 Filed by: White Julie M (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 21 Filed by: STUMPF JOHN G (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 21 Filed by: OMAN MARK C (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 21 Filed by: HOYT DAVID A (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 21 Filed by: ATKINS HOWARD I (10K)

Form 4 STUMPF JOHN G For: Nov 07 (10K)

Form 4 OMAN MARK C For: Nov 07 (10K)