We’ve lent some of it. We’ve not lent some of it. We’ve not given any accounting of, ‘Here’s how we’re doing it,’” said Thomas Kelly, a spokesman for JPMorgan Chase, which received $25 billion in emergency bailout money. “We have not disclosed that to the public. We’re declining to.”
The Associated Press contacted 21 banks that [...]
By John Brinsley and Rebecca Christie
Nov. 18 (Bloomberg) — China surpassed Japan in September to become the biggest foreign holder of U.S. Treasuries, as foreign investors sought the relative safety of government debt as stocks plunged 9.1 percent that month.
Total net purchases of long-term equities, notes and bonds increased a net $66.2 billion in September [...]
In case you somehow managed to miss it, our friendly pawnbroker of last resort (central bank) has been taking lots of crappp collateral in return for loans under its alphabet soup of facilities. As we are learaning in our housing meltdown, collateral may not prove to be worth as much as it was said to [...]
Treasury plans to take equity positions by mobilizing funds from $700 billion bailout package.
Citigroup $25 billion
J.P. Morgan $25 billion
Bank of America $12.5 billion
Merrill Lynch [...]
LONDON (MarketWatch) — Japan’s yen posted strong gains against the dollar
Friday, boosted by mounting risk aversion and heightened money-market tensions
after talks on the U.S. Treasury’s proposed $700 billion bank-rescue plan failed
to produce an agreement.
The yen also gained ground against the euro, with strategists noting that the
Japanese currency and, to a lesser degree, the Swiss franc [...]
Now as the title suggests, we are having a bank run in the money markets. I believe it was Monday [so much has happened so fast that I can't keep my days straight] we saw a large money market fund “break the buck” and trade down to .97 cents. Today Putnam has closed its institutional [...]
Lehman folds with record $613 billion debt
By Sam Mamudi, MarketWatch
Last Update: 9/15/2008 10:11:00 AM
NEW YORK (MarketWatch) — Lehman Brothers Holdings is closing its doors with more
than $600 billion of debt — the biggest bankruptcy in U.S. history.
Lehman (LEH) has total debts of $613 billion against total assets of $639
billion, according to a filing prepared Sunday.
The [...]
Brazilian shares leap after S&P lifts country’s rating
By Carla Mozee, MarketWatch
Last Update: 8:33 PM ET Apr 30, 2008
SAN FRANCISCO (MarketWatch) — U.S.-listed shares of overseas companies rose
Wednesday, bolstered by a jump in shares of Brazilian companies after Brazil’s
rating was raised to investment grade by Standard & Poor’s.
The Bank of New York Mellon American Depositary Receipt [...]
UPDATE: Bank Of New York 1Q Net Up 71% On Yr-Earlier Merger
Last Update: 4/17/2008 7:16:52 AM
DOW JONES NEWSWIRES
Bank of New York Mellon Corp.’s (BK) first-quarter net income rose 71% on its
2007 merger as the company saw some benefits from market volatility.
The giant asset manager and securities servicer posted net income of [...]
Golds’ price is likely to raise this Monday and Tuesday as traders continous to sell of dollars.
“It is a green light to continue selling U.S. dollars. It is most likely what we’re going to see on Monday and Tuesday,” said Michael Woolfolk, senior currency strategist at the Bank of New York Mellon.
“It was a very [...]
WASHINGTON (Dow Jones)–International banking regulators acknowledged Saturday
that they can only lessen the effects of future crises in the financial markets,
not prevent them.
“I don’t think we can prevent the kinds of waves of optimism and pessimism that
pass over the market particularly when there have been innovations,” U.S. Federal
Reserve Vice Chairman Donald Kohn said. “There will be [...]
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