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Bank of America's Offering Well-Received
Bank of America got a warm welcome for its secondary offering, managing to sell half a billion dollars more in securities than it was aiming for a a reasonable discount to its stock's current price.
09:50AM 12/04/09
Ambac Surges on Higher S&P View
Ambac Financial shares got a big bump after Standard & Poor's lifted its rating on the company's main operating unit.
10:10AM 12/03/09
Bank of America to Pay Back TARP
Bank of America said Wednesday it plans to pay back the federal government's $45 billion TARP investment with excess liquidity and a secondary sale.
06:43PM 12/02/09
Morningstar Wades Into Credit Ratings
Morningstar said Wednesday it's expanding into corporate credit ratings, a move that represents a shot over the bow for the current cadre of ratings agencies.
03:00PM 12/02/09
Analyst Lowers DART Views for E*Trade
Another voice joined the chorus saying retail investors have slowed trading toward the end of 2009 on Tuesday as BMO Capital lowered its DART estimates for E*Trade.
02:03PM 12/01/09
AIG Tumbles on Loss Reserve Questions
Shares of American International Group fell sharply after a bearish research firm said it estimates the company's loss reserves are deficient by about $11 billion.
04:53PM 11/30/09
Bank Stocks Slump on Dubai Worries
The financial sector was lower Friday with the shares of U.S. banks roiled by Dubai's debt problems, although the group's direct exposure to the situation isn't believed to be significant.
11:11AM 11/27/09
E*Trade, TD Ameritrade Talk Has Skeptic
The chatter about a hookup between E*Trade and TD Ameritrade heated up again earlier this month, but Raymond James isn't buying it.
05:10PM 11/24/09
FDIC's 'Problem' Bank List Grows
The FDIC's latest quarterly report on the banking industry showed strong profits, a decline in overall loan balances, and a growing list of 'problem' banks.
05:03PM 11/24/09
Looking for the Next Failed Bank Winner
Recent winners of failed bank auctions have seen their stocks soar, and FBR Capital lists Washington Federal and NewAlliance among the banks likely to go this route in the near term.
04:35PM 11/23/09
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