Jul 01
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Financials stocks skid in early action

NEW YORK (MarketWatch) — U.S. financial stocks fell early Tuesday, as the
Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P500, lost 1.2%, while the Amex Securities Broker/Dealer Index slipped 0.3%.
Investors are closely eyeing financial firms as the third quarter begins, and are
maintaining negative outlook as the credit crisis continues [...]

Author: admin
Jun 29
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Financial News: Banks Suffer As Fees Plunge By Over A Third

By Harry Wilson
Of FINANCIAL NEWS
Barclays Capital, Citigroup and Deutsche Bank were among the worst hit banks in
Europe in the first half of this year as investment banking fees dropped by more
than a third in the wake of the credit crisis.
The three banks each lost market share in investment banking and saw their fees
fall by more [...]

Author: admin
Jun 26
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Stock Market Cools Down Rally After Fed Signals Aggressive Rate Cutting Is Over

Federal Reserve signals aggressive rate cuts are over; unclear about when rate hikes will come
WASHINGTON (AP) — The Federal Reserve’s aggressive period of cutting interest rates to keep the country from falling into a recession is over. That point is in general agreement. The trouble starts when you try to figure out what period the [...]

Author: admin
Jun 18
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Morgan Stanley’s quarterly profit falls 60%

Morgan Stanley’s quarterly profit off 60%
By Greg Morcroft, MarketWatch
Last Update: 6/18/2008 8:57:00 AM
NEW YORK (MarketWatch) — Morgan Stanley, the third U.S. investment bank to
report financial results this week, said Wednesday second-quarter profit fell 60%
as continued weakness in key businesses reflected the ongoing credit crunch as
well as the falling real-estate market.
The company (MS) reported net income [...]

Author: admin
Jun 10
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Lehman Shares Fall Below $28 Price In Capital-Raising >LEH

Lehman Shares Fall Below $28 Price In Capital-Raising >LEH
Last Update: 6/10/2008 11:50:06 AM
DOW JONES NEWSWIRES
Shares of Lehman Brothers Holdings Inc. (LEH) continued their fall, dropping over
6% Tuesday as their month-long swoon resulted in the brokerage shedding 40% of
its market value.
Monday’s projection of a $2.8 billion quarterly loss deepened anxieties that
banks and [...]

Author: admin