A Stress-Free Briefing by Thain, Lewis Masks Tough Market Conditions
Stress. That was the one element missing from today's press conference with John Thain and Kenneth Lewis regarding the agreement...
Archive
Banking Stocks Tumble Upon Financial Services Turmoil
A wide range of financial services stocks are getting hammered in the wake of news that Lehman Brothers Holdings was...
Lehman Falls Into the Grip of Investor Hysteria
Seemingly with every passing moment, the gap between the reality of Lehman Brothers's financial situation and the fears surrounding it...
BofA Puts Blue Jeans in Their Walls
Don't throw away your old blue jeans just yet. Apparently they offer great insulation. Designers of the new branch of...
20% Becomes the Benchmark for Deteriorating Credit
Much ink -- and blog space -- has been spent on quantifying the deterioration in credit quality. However, it appears...
CBO Director Says Fannie, Freddie Should Be on Treasury’s Budget
In a blog post Tuesday, the director of the Congressional Budget Office, Peter R. Orszag, said Fannie Mae and Freddie...
Deutsche Bank Goes Full Tilt for German Retail Market
Deutsche Bank AG is on the hunt for more retail banking assets, as consolidation in the German retail banking industry...
The Real-Life-Is-Stranger-Than-Fiction Files: Stealing From Banks Gets Easy
These are the facts -- and they are shocking. From an AP report published Monday: With a startling success rate,...
CIT Appears to Have Turned the Corner
CIT Group reported that it improved its liquidity position by $11 billion during the current quarter, a welcome sign for...
New WaMu CEO Stresses Retail, Mortgage Growth — Not Risk Management
What is Alan Fishman's strategy for WaMu? Don't bother reviewing the transcript of the new WaMu CEO's inaugural conference call...
