Top Universal Banking News, Videos, and Blogs - WallStreetBlips

Stocks For Buffett To Unload (BRK-A, BNI, COP, XOM, GCI, WPO, MCO, NSC, UNP, UPS, UNH, WLP, GSK, SNY, IR, STI, BAC, WFC, TMK, TRV)

Wed, 25 Nov 2009 14:49:12 +0000

We recently discussed the changes that have been taking place inside Berkshire Hathaway Inc. (NYSE: BRK-A) as Warren Buffett has been going higher up the food chain. In his more focused and more opaque approach, it also seems that after a $44 billion deal including debt to buy Burlington ...

Abnormal Returns found this 36 hours ago on 247wallst.com

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FDIC Fund Goes Into the Red

Tue, 24 Nov 2009 21:20:00 +0000

It seems that the healthy banks will get to come up with new funds all over again to protect the unhealthy banks, or maybe it is the regionals and community banks which will get to fund the problem. Or with any luck, the taxpayers can get to participate in the misery here. The Federal Deposit ...

BloggingStocks found this 2 days ago on 247wallst.com

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Tax the windfall banking bonuses

Fri, 20 Nov 2009 07:02:21 +0000

Windfall taxes are a ghastly idea. They are a sop to prejudice, a burden on risk-taking and a form of arbitrary confiscation. No sensible person should support them. So why do I now find the idea of a windfall tax on banks so appealing? Well, this time, it really does look different. First, all ...

naked capitalism found this 6 days ago on ft.com

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Goldman's Non-Apology

Mon, 23 Nov 2009 13:15:50 +0000

Goldman Sachs's chief executive, Lloyd C. Blankfein, on some level seems to understand that an apology is in order. But his recent remarks do not come close to an apology, The New York Times's editorial board opines.

Dealbreaker found this 3 days ago on dealbook.blogs.nytimes.com

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At Hearing, Questions about BofA C.E.O. Candidate

Wed, 18 Nov 2009 13:00:35 +0000

Bank of America representatives were asked about who would succeed Kenneth D. Lewis as the firm's next chief executive at a House Oversight Committee hearing on Tuesday, with one legislator skeptical about the prospects of one candidate, Brian Moynihan.

Dealbreaker found this 8 days ago on dealbook.blogs.nytimes.com

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Lazard Names Jacobs as Chairman and C.E.O.

Tue, 17 Nov 2009 14:18:07 +0000

Lazard on Tuesday named Kenneth M. Jacobs as its new chairman and chief executive, succeeding the late Bruce Wasserstein as the head of the independent investment bank.

Dealbreaker found this 9 days ago on dealbook.blogs.nytimes.com

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Banking Fix Made Easy With Six Simple Steps: Roger Lowenstein

Tue, 17 Nov 2009 15:30:42 +0000

Nov. 17 (Bloomberg) -- Financial reform seems to be flailing. Legislation has been proposed, but it is complicated and diffuse. Most of the proposed fixes are incremental changes that don’t seem likely to prevent a future bubble. The House and Senate are squabbling over which federal agency ...

The Big Picture found this 9 days ago on bloomberg.com

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Paulson Takes Huge Stake In Citigoup.

Sat, 14 Nov 2009 02:25:10 +0000

John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way down. But the financial world found out in August that the Paulson & Co. vehicle had bought up many key financial and banking stocks. Paulson & Co. Inc. is out with a ...

UpsideTrader found this 13 days ago on 247wallst.com

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Small businesses, small banks, big problems?

Fri, 13 Nov 2009 17:53:03 +0000

In a speech on Tuesday , Federal Reserve Bank of Atlanta President Dennis Lockhart drew some connections between the current commercial real estate (CRE) problems and the prospects for a small business-led recovery. The starting point was an observation made in an earlier macroblog post that ...

Abnormal Returns found this 13 days ago on macroblog.typepad.com

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Banking In A State

Tue, 17 Nov 2009 13:14:05 +0000

“ Banking on the State ” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points ...

jamesykwak posted 9 days ago from baselinescenario.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Universal Banking, Paul Volcker, Andrew Cuomo

Banking veteran leading buyers toward Baytree

Fri, 20 Nov 2009 17:36:42 +0000

" Baytree — formed nearly a decade ago by the late Howard Adams, a co-founder of Lake Forest-based Wintrust Financial Corp. — ran into serious trouble this year and is operating under a regulatory order requiring it to raise capital. Through the first nine months of the year, Baytree recorded a ...

iehi posted 6 days ago from hf-implode.com

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The Public Purpose of Banking

Fri, 13 Nov 2009 23:11:00 +0000

While Lloyd Blankfein claims bankers are worth Billions, even as they destroy Trillions, it's worth taking a look at what the public purpose of banking is. Chicago economists, sit back down, the public purpose of banking is not to enrich their shareholders any more than the public purpose of ...

interfluidity found this 13 days ago on winterspeak.com

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Universal standards

Fri, 20 Nov 2009 19:01:00 +0000

There are advantage to universal standards. The most important is economies of scale–once you learn the standard, it applies everywhere. But the disadvantages are subtle and usually much greater than the advantages. I don’t want standard of health care, one standard of ...

SCSUScholars found this 6 days ago on cafehayek.com

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The Fed is sending gold higher

Thu, 19 Nov 2009 08:05:11 +0000

Is gold going to $6,300? Dylan Grice, an analyst with Societe Generale, says it’s possible, given the decline in central bank credibility. But investors need to keep one thing in mind: Gold is merely a vehicle to protect the purchasing power of money. Gold is surging because investors ...

FT Alphaville found this 7 days ago on blogs.reuters.com

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Another View: Unintended Consequences on Wall St.

Fri, 20 Nov 2009 07:55:10 +0000

Another View: Peter J. Solomon, the chairman of the Peter J. Solomon Company, looks at Wall Street's compensation and the unintended consequences of the banking bailout.

FT Alphaville found this 6 days ago on dealbook.blogs.nytimes.com

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