stake news from FierceFinance

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... Read more...

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... Read more...

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... Read more...

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... Read more...

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.... Read more...

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... Read more...

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... Read more...

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... Read more...

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... Read more...

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... Read more...