Tag:
stake
Latest Headlines
Latest Headlines
The outlook for private equity firms
So, is the glass half empty or half full? Well, Blackstone Group ( Blackstone Group news) has reported a profit for the fourth quarter after a big loss a year earlier. Kohlberg Kravis Roberts will likely follow suit. So this is good news, but there are limits to how much the financial markets c
In praise of John Paulson
Looks like John Paulson is here to stay? Or is he? Let's face it, smashing the market for consecutive years is not easy. Few are able to do what he has done. For the past two years, he has really set the world on fire. So far this year, his streak seems to be continuing. He won big by betting agai
What to watch for in upcoming earnings
There's a lot at stake when it comes to earnings over the next few quarters. All TARP banks are keenly aware that they will receive "credit" for earnings from regulators, who will allow them to reduce the amount of capital they are required to raise. For banks facing shortfalls, a big surge in ear
Bank of America sells stake in strategic China bank
Bank of America, facing the need to raise $33.4 billion but also keep the government's common stake to a minimum, has aggressive plans to sell assets. It has said it will raise $17 billion in common equity, $10 billion from selling assets including First Republic Bank and the Columbia asset manage
Can top banks sell assets in time?
The Treasury made clear this week that some banks, in an effort to build capital, will be expected to sell off assets, spin off assets or enter more joint ventures. But that's easier said than done. Buyers are already scarce; those that remain are all too aware which banks are being motivated by s
How much will Bank of America need?
The timing couldn't have been worse. As angry shareholders were preparing to convene, the news trickled out: Bank of America's stress results were not great, requiring billions more in capital. But how much more? An early estimate comes from Freidman, Billings, Ramsey analysts, who reckon the bank
Taxpayers to take a bath on Citigroup, post-exchange?
Exchange offers have been touted as way to for the government to help banks enhance their capital positions without having to inject more capital. This is something taxpayers may not stand for, and you can't blame them. There is no guarantee taxpayers will not take a huge bath on its forced "inves
Is Bank of America poised to receive more aid?
Bank of America CEO Ken Lewis made headlines last week when he wrote in a memo that the bank "does not need further assistance today and I don't believe we'll need any more in the future." Let's just say not everyone is convinced. TheStreet.com notes estimates from an Egan Jones analyst that B
The slow nationalization of Citi?
And so it has come to pass, as we all expected, the government has boosted its stake in Citi to 36 percent from 8 percent, by converting preferred shares and trust preferred securities. That's a huge chunk in taxpayers' hands. In exchange, the bank will be able to boost its tangible common equity
Government aims to quell nationalization fears
There's a lot riding on the upcoming stress tests, and if the move by Citi to approach the government about taking a large stake in the bank is any indication, we can expect some banks to fare poorly. Which will certainly prod the government into more direct intervention.
For now, Obama Admini
