writedowns news from FierceFinance
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Capital raising to get harder for commercial banks
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...
Second-quarter earnings still a question mark
Goldman Sachs analyst William Tanona has reduced his second-quarter earnings estimates at Bear Stearns, Lehman Read more...
Banking industry future still cloudy
So is the worst really over? We've been hearing as much from lots of executives as of late. But not everyone is buying it. Case in point: Former Fed official Vincent Reinhart says banks face an Read more...
William Ackman's bet against MBIA: A winning move?
One of the most publicized of the bond insurance bulls was William Ackman of Pershing Square Capital Management, who pressed his case in part with presentations given over the Internet. He received Read more...
Citigroup anlayst gets it wrong--really wrong
Shannon Cowherd, bank analyst at Citigroup, raised eyebrows last week when she put out a note to clients estimating that the Royal Bank of Read more...
Should Bank of America walk away from Countrywide?
MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate Read more...
SPOTLIGHT: Deutsche Bank
Deutsche Bank reported its first loss since 2003 and $4.2 billion in writedowns. The writedowns are bad but not nearly as bad as the writedowns at UBS. This was pretty much in line with expectations. Read more...
Writedowns, writedowns everywhere
Meredith Whitney speaks with authority on Citigroup. She predicts Citigroup will announce an $11 billion writedown this Friday, to go with Read more...
Earnings anxiety continues this week
Citigroup reports earnings on Friday. Merrill Lynch will report on Thursday. As a prelude, Read more...