-
By Marlene Y. Satter, AdvisorOne |
September 14, 2011
Moody's Investors Service cut the ratings of two French banks on Wednesday, citing their holdings of Greek sovereign debt as the reason. Crédit Agricole and Société Générale were both downgraded a single notch.
-
By Robert Bloink, Esq., LL.M., William H. Byrnes, Esq. |
September 14, 2011
More bank stock declines and less lending could be in store as financial institutions face another massive round of lawsuits. The Federal Housing Finance Agency sued 17 banks on Sept. 2, alleging that the financial institutions committed securities violations in the lead-up to the recent financial crisis.
-
By Marlene Y. Satter, AdvisorOne |
September 12, 2011
Worries that Greece might default on its mountain of sovereign debt sent global markets steeply downward on Monday, with bank stocks in France leading the plunge.
-
By Marlene Y. Satter, AdvisorOne |
September 6, 2011
Plunging European markets and a loss of control by the European Central Bank over the sovereign bond market in the euro zone foretell a difficult post-Labor Day market in the U.S., said PIMCO's Mohamed El-Erian in a commentary on Monday.
-
By Marlene Y. Satter, AdvisorOne |
September 5, 2011
Worries over the European debt crisis drove markets and Italy’s bonds lower on Monday, with gold and the dollar gaining over the euro. Angela Merkel’s party lost elections in Germany over the weekend as well, showing opposition to euro bailouts the German chancellor has advocated.
-
By Janet Levaux, AdvisorOne |
August 25, 2011
Bank of America said Thursday that it was selling 50,000 shares of preferred stock with a liquidation value of $100,000 per share and a dividend that pays 6% per year to Berkshire Hathaway.
-
By Gil Weinreich, AdvisorOne |
August 18, 2011
The widely followed manager tells AdvisorOne that there are no opportunities to invest in markets, so investors should ‘stay conservative.’
-
By Marlene Y. Satter, AdvisorOne |
August 12, 2011
Europe's markets seemed to have regained some of their appetite for risk on Friday as shares rose. Part of the reason was a ban on the short selling of stocks put in place Thursday night by some euro zone countries.
-
By John Sullivan, AdvisorOne |
August 11, 2011
Maybe you heard? Our partners at Standard and Poor’s caused a bit of a stir by downgrading U.S. debt from AAA to AA+. Though they’re quick to note the equity research team is separate and distinct from the ratings arm, we went to the source for their view on the...
-
By Marlene Y. Satter, AdvisorOne |
August 11, 2011
After a day of pummeling on the markets on Wednesday, French bank stocks led world markets lower once again on Thursday as investors fearing contagion in the euro zone turned their attention to Paris.