MoneyCenter

Welcome to the 'MoneyCenter' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'MoneyCenter'.

Latest blogosphere posts tagged “MoneyCenter”

• (JPM) Bernanke Just Squashed the Gold Rally – Now What?

  
  Stock Blog Hub — Authority: 459
  by Robert Williams , Publisher Tuesday, December 8, 2009 Gold prices are in retreat – their steepest two-day decline since March – on the announcement by Fed Chairman Ben Bernanke that inflation “appears likely to remain subdued for some time.” He also reminded us that the weak labor market (can you say ...
  6 hours ago

• ($C) Entire Citigroup Stake Sold by Kuwaiti Investment Authority

  
  Stock Blog Hub — Authority: 459
  The Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, has sold its entire stake in Citigroup Inc. ( C ) and made a 37% return on its initial investments. The KIA converted all its preferred shares to common shares and sold the stake for $4.1 billion, making a profit of $1.1 billion. The KIA ...
  15 hours ago

• (BAC) Fitch Upgrades Bank of America’s Ratings

  
  Stock Blog Hub — Authority: 459
  Following the Bank of America ’s ( BAC ) announcement late Wednesday that it will repay the entire $45 billion of bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP); Fitch Ratings upgraded the individual, preferred and trust preferred ratings of BofA ...
  1 day ago

• ($JPM) U.S. Bank Failures Continue Higher

  
  Stock Blog Hub — Authority: 459
  Regulators shut down 6 more banks including Cleveland, Ohio-based AmTrust Bank, the 4th largest this year; pushing up U.S. bank failures to 130 so far this year. Bank failures continue unabated as U.S. regulators on Friday shuttered six more banks, including AmTrust Bank of Cleveland, Ohio. The shutdown of AmTrust ...
  1 day ago

• (UBS) Canadians Disclose UBS Accounts

  
  Stock Blog Hub — Authority: 459
  Canada’s Revenue Minister Jean-Pierre Blackburn said on Wednesday that around 88 Canadian clients of UBS AG ( UBS ) have voluntarily disclosed their UBS accounts to Canada’s revenue agency. The government has reached settlement with around 41 of these clients who have reported C$15 million ($14.3 million) in ...
  4 days ago

• (C) Citigroup Issues $1.875 Billion in Notes

  
  Stock Blog Hub — Authority: 459
  Citigroup Inc. ( C ) yesterday announced the sale of $1.875 billion worth of senior remarketing notes. The notes will mature on Jan 15, 2015. These will bear interest at a fixed rate of 6.01% per annum. Interest on the notes is payable semi-annually in equal installments on the 15th day of each June and December, ...
  4 days ago

• (BAC) Bank of America Raises $19.3B to Exit TARP

  
  Stock Blog Hub — Authority: 459
  Bank of America Corporation ( BAC ) has raised $19.29 billion by selling 1.286 billion common equivalent securities at $15 each, almost 5% below the company’s closing share price on Thursday. The company took this step as part of its plan to pay back $45 billion it received under the government’s Troubled Assets ...
  4 days ago

• (BAC) Initial Unemployment Claims Fall Again

  
  Stock Blog Hub — Authority: 459
  We got some more good news on the intial claims for unemployment insurance front today, with the number of new claims dropping to 457,000, a decline of 5,000. That brought the four-week moving averge down to 481,250, a drop of 14,250. The decline in this week’s initial claims brought the level to its lowest ...
  5 days ago

• ($BAC) Bank of America to Repay Entire TARP Money

  
  Stock Blog Hub — Authority: 459
  Bank of America Corporation ( BAC ) said on Wednesday that in a few days it will repay the entire $45 billion of bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year and after its purchase of Merrill Lynch ...
  5 days ago

• (C) Federal Reserve Chairman Ben Bernanke’s Confirmation Testimony

  
  Stock Blog Hub — Authority: 459
  Federal Reserve Chairman Ben Bernanke has been nominated for a second term, and is facing a confirmation hearing in the Senate today. Below are the key parts of his prepared testimony , and my reaction to it. “Over the past two years, our nation, indeed the world, has endured the most severe financial crisis ...
  5 days ago

• (WFC) Wachovia Converts to Wells Fargo

  
  Stock Blog Hub — Authority: 459
  Wells Fargo & Co. ( WFC ) has recently announced that it will be converting 65 Wachovia branches in California displaying its own name and stagecoach logo. San Francisco-based Wells Fargo has been moving slowly to consolidate Wachovia Bank into its system. During December of last year, all 4,800 branches of the ...
  6 days ago

• (MTU) Mitsubishi UFJ Financial Group to Issue Shares

  
  Stock Blog Hub — Authority: 459
  At its Board meeting on Nov 30, Mitsubishi UFJ Financial Group Inc. ( MTU ) said that it plans to issue new shares and the secondary offering of shares along with a withdrawal of the shelf registration in Japan for future equity issuances. Mitsubishi, Japan’s largest bank, plans to issue 2.34 billion of new ...
  6 days ago

• (BK) Bank of New York Mellon Corporation Earns Favorable Rating Action

  
  Stock Blog Hub — Authority: 459
  Credit-rating agency A.M. Best has granted a favorable rating to BNY Trade Insurance, subsidiary of the Bank of New York Mellon Corporation ( BK ). The financial strength rating of “A-” and issuer credit rating of “a-” of BNY Trade Insurance Ltd. has been affirmed and upgraded to positive from stable. The ...
  1 week ago

• ($BAC) Bank of America to Issue Commercial Mortgage Backed Securities

  
  Stock Blog Hub — Authority: 459
  The Bank of America ( BAC ) is planning to sell $460 million of commercial mortgage backed securities (CMBS). The issue with a term of seven years will be collateralized by office buildings and industrial facilities in Florida. Fortress Investment Group ( FIG ) will back the deal. The bonds will have four tranches ...
  1 week ago

• (BAC) Bank of America Slashes Top Executive Pay

  
  Stock Blog Hub — Authority: 459
  Bank of America Corporation ( BAC ) said on Friday that it has altered the compensation of its two top executives as a result of the pay czar’s review. The two executives, Chief Financial Officer Joe Price and mortgage head Barbara Desoer would receive $500,000 as salary for 2009, while they had earned $800,000 ...
  1 week ago

• ($BAC) Bank of America’s Lending to Community Development Financial Institutions Exceeds $1B

  
  Stock Blog Hub — Authority: 459
  Bank of America Corporation ( BAC ) said on Nov 24 that it has lent and invested more than $1 billion to over 120 Community Development Financial Institutions (CDFIs) in 37 states. These institutions include credit unions, investment funds and niche banks that focus on low-income and disadvantaged communities. The ...
  1 week ago

• (CS) What Dubai banking and Dubai investment means for Black Friday and beyond

  
  Stock Blog Hub — Authority: 459
  The emirate of Dubai, one of the seven United Arab Emirates, has been perhaps the ultimate poster child of excess. It is the land of the palm-shaped islands and the indoor ski slopes in the desert. Now it looks like Dubai banking and Dubai investment are in deep over their heads. The main investment vehicle of Dubai ...
  1 week ago

• (JPM) Federal Deposit Insurance Corporation Fund in the Negative

  
  Stock Blog Hub — Authority: 459
  In its quarterly report on the banks, issued on Tuesday, the Federal Deposit Insurance Corporation (FDIC) said that the deposit insurance fund used to protect customer accounts dropped by $18.6 billion during the third quarter of 2009 to a deficit of $8.2 billion, while banks earned only $2.8 billion as loan defaults ...
  1 week ago

• (JPM) JPMorgan Chase & Company Fortifies China Management

  
  Stock Blog Hub — Authority: 459
  JPMorgan Chase & Company ( JPM ) said on Monday that it has appointed Zili Shao as chairman and chief executive of its China operation. It has also appointed Fang Fang as vice-chairman of its Asia Investment Banking operations. The company has initiated management changes to strengthen its China operations as ...
  1 week ago

• (C) Citigroup Expects Strong Economic Growth

  
  Stock Blog Hub — Authority: 459
  Citigroup Inc. ( C ) forecasts strong economic growth in many countries in 2010. But although the company expects several countries to experience economic growth, it predicts that the growth will be somewhat uneven. According to the annual report of Citi’s Investment Research and Analysis group, though growth will ...
  1 week ago

Comments about MoneyCenter