The market was reminded of the economy’s ongoing problems when the Conference Board, a business-backed research group, said its Consumer Confidence Index plunged to 64.5 in March from a revised 76.4 in February. The reading — a five-year low — was far below the 73.0 expected by analysts surveyed by Thomson/IFR.
Investors also weighed a report […]
John D’Agostino (born November 3, 1982) is an American professional poker player from Seymour, Connecticut.
He placed 5th in the second season World Poker Tour (WPT) PokerStars Caribbean Poker Adventure event, winning $99,450.
At the 2004 United States Poker Championship, he had a huge chip lead heading into the final table. However, a bad beat against Hoyt […]
It doesn’t make a whole lot of intuitive sense, on its face. The investment
banks are up to their eyeballs in structured products and quantitative strategies,
while the big global universal banks are heavily diversified among different
products and countries. Yet it’s the latter which are making
headlines today: both Citigroup […]
Yesterday’s surprisingly bad news out of Citibank (C) and then UBS (UBS) sent us
back to the research archives looking for information about the
quality of Banks earnings.
As we noted last week, much of the Brokers’ gains were fictitious.
It turned out that a decrease in the value of the B/D’s own debt
was offset […]
The rally that began in the U.S. Monday continued in Asia Tuesday, with some indices reaching record levels. Hong Kong’s Hang Seng Index (+3.9%) outpaced the rest of the indices and finished at a record close. Korea’s Kospi Composite (+2.6%), helped by enthusiasm over a summit between North and South Korea, finished with a record […]
TD Bank Financial Group has agreed to acquire Commerce Bancorp in a 75% stock and 25% cash deal valued at US$8.5 billion. Commerce shareholders stand to receive 0.4142 shares of TD Bank common stock and $10.50 in cash, for each share of Commerce. This values Commerce at $42.37/share based on TD’s Monday closing price, representing […]
Following up on last week’s hard-to-believe Bear Stearns/Buffett story, I happened across an interesting blog the other day: News Visuals.
Their methodology uses the engine from intellectspace.com to look at the inter-relationships between the various executives and Boards of Directors between firms.
Its really quite a fascinating application.
Really interesting stuff. These guys go straight to the […]
Let’s
take a look at banks, balance sheets credit card growth and other things
through the eyes of Minyan Peter, who “helped build and ultimately ran
a Wall Street asset-backed securities business and was treasurer of a
top credit card company and treasurer of one of the largest banks in
the Midwest.” Many snips of wisdom from Peter follow.
A […]
Hello. This blog will be about topics in the financial services industry.
Originaly from Source
There is an article about the potential danger of USB drives in the July 2007 issue of Bank Systems & Technology. While they discuss the lack of security precautions that are taken by companies on this issue, I couldn’t help but notice that iPods and other MP3 players were not mentioned. Personally, I […]