Banking
Eagle Eye Opener: U.S. Government Uses Freddie Mac to Sue Big Banks on Libor Rate Charges; J.P. Morgan Endures Double Blow; England Braces for Sustained Austerity
The United States launched a government-backed lawsuit against 12 of the world’s biggest banks through Freddie Mac. alleging...
Eagle Eye Opener: Fed Backhands Big Banks; Federal Workers Face Salary Freeze; Japanese President Pushes Farm Subsidy Cuts
The U.S. Federal Reserve dealt an unkind blow to four of the largest banks, slapping their “stress test”...
Banking on Bigger Bonuses
Would you like to get a big fat bonus check this quarter? Sure you would. And if you...
Eagle Eye Opener: JP Morgan Cuts 17,000 Jobs Related to Mortgage Mess; Italy’s Election Causes Uncertainty; Honda Opens New Tokyo Plant
JP Morgan Chase & Co (JPM) is looking to trim about 17,000 jobs from its ledger by the...
Daily Data Flow: Stocks up on Confidence in Germany; Will More States Ban Credit Card Surcharges?; Business Opportunities in Myanmar?
After several days of downward movement for stocks, German business confidence hit a 10-month high to contribute to...
Eagle Eye Opener: Markets Await Direction from United States; BoA Retirement Assets Surged in 2012; Auto Sales Slide Industry-wide in Europe
With the United States sitting out yesterday’s trading session, world indexes looked to be merely killing time.
Eagle Eye Opener: Don’t Expect Help for the Markets from Obama’s Speech; ING Misses Earnings and Announces Job Cuts; Long Bond Loses Luster
What will make a difference to the markets is not the State of the Union speech btut whether...
Eagle Eye Opener: Will State of Union Speech Help Investors?; Goldman Sachs Indicates Market Needs Breather; Barclays Trims Fat
Whether the president says or does anything to help investors is an open question. So, buckle up.
Eagle Eye Opener: Michael Dell’s $24 Billion Offer to Buy Back Company Accepted; McGraw Hill, S&P 500 Sued for Allegedly Understating Risk of Mortgage-Backed Securities; Barclays Spends $12 Billion for Payment Protection Insurance
Michael Dell, founder of Dell, Inc., won approval to take publicly traded DELL corporation private in a $24.4...
Daily Data Flow: Dow at Five-Year High; Citi Q4 Falls Short; Spain Debt Lifts Euro
The Dow Jones Industrial Average closed at its highest point since 2007, thanks to rallying stocks. A jump...