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Latest Headlines
Tension and optimism over stress tests rise
The tension is palpable in the TARP bank industry. The likes of Citigroup, Bank of America and others spent Monday pleading their cases to regulators, arguing that they are better capitalized than the early reports would suggest. Tuesday, Treasury officials will inform them exactly on the results
Hope rises for Morgan Stanley's earnings
Morgan Stanley is scheduled to report results on April 22. It's fair to say that the string of surprisingly good results from some of its banking peers in specific areas has lifted expectations a bit. In particular, investment banking activity was strong at several banks, including Goldman Sachs a
Lots of upside for Morgan Stanley and Goldman Sachs?
We've noted recently that Goldman Sachs and Morgan Stanley have held up relatively well over the past few months. Breakingviews weighs in on the two power firms with a piece noting that they are trading below book value, reflecting the fear over their toxic assets.
But "having written dow
Bank of America-Merrill Lynch, a bogus deal?
With Bank of America's stock sinking to 14-year lows, some are starting to question the wisdom of the Merrill Lynch deal. What really made the deal work, one could argue, was the government assurance that it would help defray any losses tied to the deal--quite a revelation in itself. That's coming
