Regardless of the near-term strength, investors will face a volatile backdrop over the balance of the year.
The refinancing boom could hit fees banks collect from home borrowers for collecting monthly payments and other administrative functions.
After 12 months on the short side, Doug Kass goes long on Berkshire Hathaway.
A recycling of recent gains would be healthy and supportive of an advance.
Hedge funds have found their latest arbitrage opportunity in SPACs, the once-trendy investment beaten down last fall as the fast money set liquidated their holdings.
No U.S. banks or thrifts failed last week, as the number of U.S. banks and thrifts closed during 2009 remained at 21.
The ranks of undercapitalized banks continues to grow, according to final data for the fourth quarter.
Roberto Lavagna, economic minister of Argentina from 2002 to 2005, talks to TheStreet.com about the global economic crisis.
My variant view on the market corresponds with a variant view on housing.
Georgia banks have been hit hard by the economic crisis over the past seven months, where many and there's a lot more trouble ahead.
New bank failures for the week of March 30 include Omni National Bank of Atlanta, the 21st institution to fail this year.
I continue to believe that the early March low represented a yearly and, quite possibly, a generational market bottom.
New bank failures for the week of March 23 include Georgia's FirstCity Bank, Colorado National Bank and TeamBank of Paola, Kan. See our interactive map.
AIG CEO Edward Liddy (above) on Wednesday told lawmakers the company was working to secure the return of at least half of the controversial retention bonuses awarded to executives.
It is hard to find anyone who believes in a sustainable advance.
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