Tag:
Warrants
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Latest Headlines
Richard Bove vs. Warren Buffett
The lore of Warren Buffett is built around the idea that the sage of Omaha is a fairly average guy who relies on common sense to invest the old-fashioned way. But the ubiquitous bank analyst Richard Bove has some pointed questions about Buffett's sweetheart Bank of America deal, which seemed to ha
Buffett invests $5 billion in Bank of America
Just as Warren Buffett rode to the rescue of Goldman Sachs at the height of the financial crisis, so too is he riding to the rescue of Bank of America.
Bank of America has announced that the sage of Omaha's Berkshire Hathaway has agreed to invest $5 billion in preferred stock that carries a so
Typo costs Goldman Sachs $45 million
A cautionary reminder about the value of a legitimate editorial review of contracts and other important documents: In February Goldman Sachs ( NYSE:GS ) issued four warrants tied to Japan's Nikkei index, according to The Economist .The deal was described in separate regulatory filings which c
Goldman to buyback Buffett's preferred shares
It's easy to see why Goldman Sachs ( NYSE: GS ) has been hankering for some time to buy back the preferred shares it sold Warren Buffett at the height of the financial crisis. The sweetheart deal started looking somewhat less shrewd for the gilded financial firm after the crisis passed.
Buff
How much will taxpayers make on the Citigroup bailout?
For all of the angst over the bailout of big American financial institutions, several can claim they haven't cost taxpayers a dime. The Treasury has announced that, via Morgan Stanley, it will sell its remaining 2.4 billion shares in Citigroup, which it bailed out to the tune of $45 billion in 200
Vision Capital ensnared in PIPE deals probe
We've noted how hard it is to stay on top once you've made it to the pinnacle of the hedge fund industry. Stupendous returns year after year are hard to generate; the credit crunch marked a stumbling block for many. This brings us to the case of Vision Capital, founded by two visually impaired men
Warren Buffett in a tight spot on Goldman Sachs
This is what Warren Buffett ( Warren Buffett news) said about the embattled Goldman Sachs ( NYSE: GS ) CEO before the firm was charged by the SEC. "It's a very, very strong, well-run business. Lloyd Blankfein ( Lloyd Blankfein news), you cannot find a better manager."
Has he changed hi
Does the success of bank bailouts make failure again likely?
The government bailout of the banking industry hasn't been nearly as expensive as many predicted. Thanks to the rising stock market and strong demand for various warrants, the tab for the bailout so far, according to Treasury Department ( Treasury news) estimates, is running at about $90 billio
Returns on big bank TARP investments strong
We've been talking piecemeal about the decent returns the government seems to be racking up when it comes to bailouts of specific firms. Certainly, the government scored some big wins on banks such as Goldman Sachs ( NYSE:GS ), JPMorgan Chase ( NYSE: JPM ) and others, via dividends, warrants s
Treasury cashes in on Bank of America warrants
The Treasury Department ( Treasury news) auctioned off 272.17 million Bank of America ( BAC Bank of America news) warrants, raising more than $1.5 billion. This is certainly good news for Treasury, which would like to show the world that it has been a good steward of taxpayer money. Thes
