E-Trade

ALSO NOTED: Class action suit targets Bank of America's auction rate securities; Wells Fargo tightens home loan rules; and much

Tue, 27 May 2008 06:59:50 -0400

Company News:
> Wells Fargo tightens home loan rules. Article
> E*Trade looking better. Article
> Class action suit targets Bank of America's auction rate securities. Article

Regulatory News:
> SEC looks at Wachovia's auction rate securities. Article
> CT widens probe into missing banks data. Article
> Official: Credit crunch easing. Article

And Finally... More executives opt for hourly pay. Article

ALSO NOTED: Citi's hedge fund woes pose issues for its brokers; Lehman creates restructuring and finance group; and much more..

Thu, 22 May 2008 06:59:50 -0400

Company News:
> Lehman creates restructuring and finance group. Article
> Eaton Vance profits in line with expectations. Article
> Ladenburg Thalman pares Lehman estimates. Article
> E*Trade doubles authorized shares. Article
> Citi's hedge fund woes pose issues for its brokers. Article
> E*Trade to close financial call center. Article
> Bank of America moving unit to Boston. Article
> Wachovia Securities expands service offering. Article

Industry News:
> Hedges can be trouble for i-banks. Article
> Activist shareholder wins seat on board. Article

Regulatory News:
> CT regulator raps BONY Mellon for data breach. Article

And Finally... How to deal with a crazy boss. Article

SPOTLIGHT: E*Trade to sell stake in Indian firm

Tue, 20 May 2008 06:59:52 -0400

E*Trade expects a pre-tax gain of up to $30 million from its deal to sell its stake in the India-based IL&FS Investsmart for $145 million for the company to HSBC. Article

ALSO NOTED: Another deal in trouble: Bell Canada; Blackstone reaps investment funds as performance tumbles; and much more...

Mon, 19 May 2008 06:59:50 -0400

Company News:
> Blackstone reaps investment funds as performance tumbles. Article
> Citigroup to sell German retail bank. Article
> E*Trade outlook bright? Article
> Lehman to cut jobs this week. Article
> WaMu cuts home equity credit to customers. Article
> PNC a symbol of regional troubles? Article

Industry News:
> Another deal in trouble: Bell Canada. Article
> New Fed securities-swap facilities stoke controversy. Article

And Finally... People trading down to cheap beer. Article

ALSO NOTED: Goldman Sachs, Morgan Stanley estimates cut again; Countrywide must face shareholder suit; and much more...

Fri, 16 May 2008 06:59:50 -0400

Company News:
> Bullishness on Franklin Resources. Article
> Goldman Sachs, Morgan Stanley estimate cuts again. Article
> Bank of America's Ken Lewis sees consolidation ahead. Article
> Power outage shuts down ICE. Article
> Icahn declares war on Yahoo board. Article
> JPMorgan Chase makes room for Bear workers. Article
> Countrywide must face shareholder suit. Article
> Bank of America analysts raises Merrill Lynch price target. Article
> Merger buzz grows at E*Trade. Article

Regulatory News:
> E*Trade, CIBC fined by FINRA. Article
> Bernanke: Banks must manage risk better. Article

And Finally... Where debt woes really take a toll. Article

ALSO NOTED: UBS slashes equity sales jobs; E*Trade to quite mortgage origination business; and much more...

Mon, 12 May 2008 06:59:50 -0400

Company News:
> E*Trade to quit mortgage origination business. Article
> UBS slashes equity sales jobs. Article
> Wachovia separates chairman, CEO jobs. Article

Industry News:
> Energy funds among hedge fund winners. Article
> How much are banks paying to borrow? Article
> Rohatyn recalls bailout of NYC. Article

Regulatory News:
> SEC settles charges against short seller. Article

And Finally... Losing homes and everything in storage. Article

ALSO NOTED: Analyst: Merrill Lynch at risk of downgrade; Lehman bets on sovereign wealth; and much more...

Mon, 28 Apr 2008 06:59:50 -0400

Company News:
> E*Trade CFO and general counsel resign. Article
> E*Trade shorts, right or wrong? Article
> Schwab CEO exercises options. Article
> Lehman bets on sovereign wealth. Video
> Analyst: Merrill Lynch at risk of downgrade. Article
> Countrywide CEO Mozilo makes $132 million in 2007. Article

Industry News:
> Analyst: Credit risks to banks declining. Article
> Continental abandons deal talks with United. Article
> Mortgage industry fights back. Article

And Finally... Man jumps with a Da Vinci-designed parachute. Article

ALSO NOTED: Market turning bullish on Merrill Lynch; Och-Ziff also scammed in Japan; and much more...

Mon, 21 Apr 2008 06:59:50 -0400

Company News:
> Och-Ziff also scammed in Japan. Article
> Another loss for E*Trade. Article
> Market turning bullish on Merrill Lynch. Article
> Citigroup to slash 9,000 jobs. Article
> S&P puts Citigroup counterparty rating on watch. Article

Industry News:
> How cheap are bank stocks right now. Article
> CDS spreads on banks fall sharply. Article

And Finally... Seven things to do in a job interview. Article

E*trade at the precipice?

Mon, 07 Apr 2008 06:59:56 -0400

It has been a long, hard road for E*Trade. The rumor mill has been unkind to it, and it still is not out of the woods. Fortune notes that since October, E*Trade has watched $56 billion in customer assets evaporate. On one memorable day, a bearish analyst's report raised the prospect of bankruptcy, which led to customers demanding their money to the tune of $2.5 billion. Unfortunately, E*Trade still is far from working down its exposure to toxic debt. The online brokerage still has $28 billion in mortgage-related loans on its balance sheet and $11 billion in mortgage-backed securities--the legacy of a once-hailed move to push into higher return fare. The story is far from over.

For more on the run on E*Trade:
- here's the Fortune article

Related Articles:
Is the worst over for E*trade? Article
E*trade, the next victim of the credit crunch? Article
How deep will the crisis descend? Article

ALSO NOTED: Meredith Whitney continues to pare bank estimates; Another bid for Bear Stearns to emerge?; and much more...

Thu, 27 Mar 2008 07:59:50 -0400

Company News:
> Another bid for Bear Stearns to emerge? Article
> Citigroup settles Enron suit for $1.6 billion. Article
> JP Morgan Chase acquires ClimateCare. Article
> Most volatile stock? E*trade. Article
> Goldman Sachs analysts cuts Bank of America estimates. Article
> Deutsche Bank may miss earnings target. Article
> Moody's downgrades MoneyGram. Article
> Meredith Whitney continues to pare bank estimates. Article
> More on Whitney and Citigroup. Article

Industry News:
> Bearishness on credit card companies. Article
> Home equity loans: The next crisis? Article

Regulatory News:
> Senate wants more info on Fed's role in Bear Stearns deal. Article

And Finally... Four worth-it career risks. Article