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It's no secret that banks are constrained as they try to raise capital these days. Shareholders seem to have borne the brunt of these efforts, to say the least, and there's got to be a limit as to... Read more...
According to the Financial News Online write-down-o-meter, banks collectively wrote off $205 billion as of June. Since then, the total has marched higher. Is that number set to explode to even higher... Read more...
Will Lehman Brothers be forced to sell its Neuberger Neuman asset management unit? There's been a lot of talk that it might be forced to find a buyer or sell shares to... Read more...
MarketWatch says this about Wachovia: "A case could be made that Charlotte, N.C.-based Wachovia, where loan defaults have jumped nearly five fold, isn't much better off... Read more...
We've noted that most banks big banks have fewer options when it comes to capital raising. Public offerings are increasingly hard, given concerns about dilution among other things. Outside investors... Read more...
Bank earnings for the second quarter have been surprisingly strong, so far. Of course, expectations were really, really low, which helped JPMorgan Chase handily top... Read more...
These were welcome surprises: Wells Fargo, in addition to reporting a smaller-than-expected quarterly loss, actually boosted its dividend, to 34 cents from 31 cents.... Read more...
We all get the sense that banks are due for some more capital raising. But it comes down, in large part, to upcoming writedowns. If they are much worse than expected, banks will have to hit the... Read more...
In times such as these, an analyst really can make a name for herself. Oppenheimer's Meredith Whitney rocketed to fame based in part on prescient prediction that Read more...
Vikram Pandit's much anticipated new strategy for Citigroup was anti-climactic in several ways. Among the most disappointed were those who... Read more...