BEAT THE STREET GAME:
Sovereign to Raise $1.5 Billion
The bank is selling common stock and issuing debt.
Related Topics: Financial Services | Banks
01:19PM 05/12/08
Wachovia: Auction Rate Securities Probed
The Charlotte, N.C.-based bank says it has received 'inquiries and subpoenas' from state and federal regulators.
Related Topics: Banks | Financial Services
12:56PM 05/12/08
BofA Needs to Rework Countrywide Deal
Analysts increasingly say the state of Countrywide's debt, the litany of lawsuits and mounting losses at the lender mean the deal struck in January just doesn't work.
Related Topics: Banks | Financial Services
02:59PM 05/09/08
Citi Continues Management Shuffle
The bank is creating a new alternative asset group, according to an internal memo.
Related Topics: Financial Services | Banks
04:59PM 05/06/08
Writedowns to its bank insured life insurance portfolio jumped to $708 million, from the $393 million it reported last week.
Related Topics: Financial Services | Earnings | Banks
01:05PM 05/06/08
Countrywide Plummets on Deal, Debt Worries
A Friedman, Billings Ramsay analyst says BofA should "walk away" from the deal, due to the poor quality of Countrywide's loan portfolio.
Related Topics: Financial Services | M&A | Banks
04:15PM 05/05/08
Countrywide Plunging on BofA Deal Fears
A Friedman, Billings Ramsay analyst says BofA should 'walk away' from the deal, due to Countrywide's poor loan quality.
Related Topics: Banks | Financial Services | M&A
10:59AM 05/05/08
Citi, State Street Sell Joint Venture
ING is buying the employee benefits manager CitiStreet for $900 million.
Related Topics: M&A | Banks | Financial Services
12:34PM 05/02/08
The home lender said it expects to significantly cut its expected first-quarter loss vs. the $509 million it shed in the fourth quarter.
Related Topics: Earnings | Financial Services
12:41PM 05/01/08
Wachovia to Record up to $1 Billion Charge
The Charlotte, N.C.-based bank said a U.S. Court of Appeals ruling impacted accounting treatment of certain leveraged leasing transactions.
Related Topics: Financial Services | Banks
01:08PM 04/30/08
