BLOG.JMHAMILTONPUBLISHING.COM: Category Archive for Finance

He also said the country's banking crisis does not begin and end with Bankia.

Posted by J.M. Hamilton Blog at 5/30/2012 9:00 PM | Add Comment

Rockefeller and Rothschild: Love and Money

Posted by J.M. Hamilton Blog at 5/30/2012 8:30 PM | Add Comment

Mendelson finds it basically topped in early February.

Posted by J.M. Hamilton Blog at 5/30/2012 4:29 PM | Add Comment

“The reality of it is the market got oversold,” Mr. Pride of Glenmede said.

Posted by J.M. Hamilton Blog at 5/30/2012 2:30 PM | Add Comment

"Japanese companies feel they have no choice but to battle it out overseas," says Yasuhiro Sato

Posted by J.M. Hamilton Blog at 5/30/2012 12:15 PM | Add Comment

Perhaps you never subscribed to Fangoria, or only infrequently grabbed a copy on the newsstand.

Posted by J.M. Hamilton Blog at 5/30/2012 12:00 PM | Add Comment

Nearly eight in 10, or 77 percent, of the 1,600 Greeks surveyed by GPO for Athens-based Mega TV, said the terms of the bailout should be revised.

Posted by J.M. Hamilton Blog at 5/30/2012 11:00 AM | Add Comment

The loss at Citi Holdings widened to $1.03 billion in the first quarter from $1.02 billion a year earlier.

Posted by J.M. Hamilton Blog at 5/30/2012 10:30 AM | Add Comment

“Greece will not default on the troika because the troika is paying themselves,” said Thomas Mayer, a senior advisor at Deutsche Bank in Frankfurt.

Posted by J.M. Hamilton Blog at 5/30/2012 10:00 AM | Add Comment

“Greece will leave the euro, just not perhaps quite as soon as some people would imagine.”

Posted by J.M. Hamilton Blog at 5/30/2012 9:30 AM | Add Comment

Levitt Says Facebook Reached `Too Far’ and Fell Far: Bloomberg with Tom Keene

Posted by J.M. Hamilton Blog at 5/30/2012 9:15 AM | Add Comment

The study showed that 16.8 percent of dropouts defaulted on their loans compared with 3.7 percent of those who graduated.

Posted by J.M. Hamilton Blog at 5/30/2012 8:30 AM | Add Comment

It is a sign of the housing slump's severity that a flat index is something to cheer about. Five cities—Atlanta, Chicago, Las Vegas, New York and Portland—still saw average home prices hit new lows since the financial crisis.

Posted by J.M. Hamilton Blog at 5/30/2012 7:28 AM | Add Comment

Indeed, that seems to be the message behind the tangle of Facebook's July $25 puts. These July $25 puts still indicate that someone sees the stock falling as low as $25 by July 20.

Posted by J.M. Hamilton Blog at 5/30/2012 6:29 AM | Add Comment

Then, the New York attorney general, Eric T. Schneiderman, said that the federal-state mortgage fraud working group announced in President Obama’s State of the Union address in January needed more resources

Posted by J.M. Hamilton Blog at 5/30/2012 6:00 AM | Add Comment

But while the major driver of a rising U.S. dollar has been a falling euro, the greenback seems to be gathering strength versus most other major currencies.

Posted by J.M. Hamilton Blog at 5/30/2012 5:30 AM | Add Comment

In contrast, Finra examined 58 percent of broker dealers last year.

Posted by J.M. Hamilton Blog at 5/30/2012 5:00 AM | Add Comment

Tuesday’s testimony was less about preferred stock and more about Pampers and other P.&G. products.

Posted by J.M. Hamilton Blog at 5/30/2012 3:00 AM | Add Comment

Much of the criticism was aimed directly at Mr. Fernández Ordóñez for not standing up to vested political and banking interests, particularly when they kept the central bank from forcing failing banks to close.

Posted by J.M. Hamilton Blog at 5/29/2012 9:00 PM | Add Comment

Instead, virtually everyone who bought Facebook on that first day was making a one-day, get-rich-quick calculation. It didn’t work out. Too bad.

Posted by J.M. Hamilton Blog at 5/29/2012 8:30 PM | Add Comment

About 11% of U.S. manufacturing workers are represented by unions.

Posted by J.M. Hamilton Blog at 5/29/2012 7:30 PM | Add Comment

"I think if there is a major crisis, people will literally stop spending money. That little bit of confidence that was coming back will be gone," said Martin, who employs 20 people in three cities.

Posted by J.M. Hamilton Blog at 5/29/2012 6:30 PM | Add Comment

“Spain has engaged in a policy of delay and pray,” Echavarren said in an interview.

Posted by J.M. Hamilton Blog at 5/29/2012 3:30 PM | Add Comment

U.S. Gasoline Prices May Fall; Stocks Drop

Posted by J.M. Hamilton Blog at 5/29/2012 2:31 PM | Add Comment

From last year’s low on July 27, the greenback has risen against all 16 of its major peers.

Posted by J.M. Hamilton Blog at 5/29/2012 12:44 PM | Add Comment

But the company stuck to its position that it will name an independent chairman before considering Mr. Icahn's request for representation on the board.

Posted by J.M. Hamilton Blog at 5/29/2012 12:14 PM | Add Comment

So will the Chamber of Commerce, which sponsors more political advertising than any other group, follow the clear language of the court order and begin revealing the names of its donors? Of course not.

Posted by J.M. Hamilton Blog at 5/29/2012 11:30 AM | Add Comment

In March, data firm CoreLogic estimated that for every two homes sold, there is one that could yet be foreclosed.

Posted by J.M. Hamilton Blog at 5/29/2012 11:00 AM | Add Comment

Glass-Steagall did one basic thing. It forced banks to get rid of their investment banking arms.

Posted by J.M. Hamilton Blog at 5/29/2012 10:31 AM | Add Comment

BOOM FOR GLOOM

Posted by J.M. Hamilton Blog at 5/29/2012 10:15 AM | Add Comment

The London-based Association of Corporate Treasurers says businesses should take precautions such as demanding cash on delivery and writing sales contracts in another currency such as pounds or dollars.

Posted by J.M. Hamilton Blog at 5/29/2012 10:00 AM | Add Comment

Euro Likely Worthless as Collector's Item & Mr. Blair is a War Criminal??? --- Bloomberg

Posted by J.M. Hamilton Blog at 5/29/2012 9:29 AM | Add Comment

"The process is self-fulfilling. The more [sovereign] yields rise the more denuded banks' balance sheets become. This in turn fuels concerns about the banking system, which further inflames yields," Mr. McGuire said.

Posted by J.M. Hamilton Blog at 5/29/2012 9:00 AM | Add Comment

"We can take some of those gains and we can take them to offset this loss," he said. "But usually it's tax inefficient, so we're very careful about taking gains."

Posted by J.M. Hamilton Blog at 5/29/2012 8:15 AM | Add Comment

This makes sense, given that the U.S.’s legal tradition is partly based on a long-standing and well-founded suspicion that strong executives can behave in an irresponsible and socially damaging manner.

Posted by J.M. Hamilton Blog at 5/29/2012 8:00 AM | Add Comment

“I was thinking, what is recession-proof?” Ms. Wilson recalled. The answer: “vanity.”

Posted by J.M. Hamilton Blog at 5/29/2012 3:00 AM | Add Comment

To Germans and quite a few others, though, euro bonds would be a lot like co-signing a loan for a deadbeat brother-in-law.

Posted by J.M. Hamilton Blog at 5/29/2012 12:00 AM | Add Comment

JPMorgan’s hedges didn’t make the risk disappear; they merely transferred it to someone else.

Posted by J.M. Hamilton Blog at 5/28/2012 8:05 PM | Add Comment

“The banks are scared if the escape valve is opened there could be an explosion.”

Posted by J.M. Hamilton Blog at 5/28/2012 3:00 PM | Add Comment

Six media executives wound up in the top 15 of the Associated Press’s list of highest-paid executives released last week; not a single banker joined them.

Posted by J.M. Hamilton Blog at 5/28/2012 12:30 PM | Add Comment

“They have zero credibility.”

Posted by J.M. Hamilton Blog at 5/28/2012 10:00 AM | Add Comment

Public Pension Funds are in such Desperate Shape that they even run into the Arms of Private Equity... J.M.H.

Posted by J.M. Hamilton Blog at 5/28/2012 8:31 AM | Add Comment

Four years after the 2008 collapse, the finance industry has regained its dominant position in American politics.

Posted by J.M. Hamilton Blog at 5/28/2012 7:00 AM | Add Comment

That flight started at least two years ago, as the debt crisis grew more serious.

Posted by J.M. Hamilton Blog at 5/27/2012 8:31 PM | Add Comment

The employment report for May will take center stage. Also of note: Pension funds take on the board of Wal-Mart, and China posts its PMI.

Posted by J.M. Hamilton Blog at 5/27/2012 8:00 PM | Add Comment

Franc Tumbles

Posted by J.M. Hamilton Blog at 5/27/2012 4:30 PM | Add Comment

Finally, as Mr. Iksil, the London Whale, kept selling, Mr. Weinstein began buying.

Posted by J.M. Hamilton Blog at 5/27/2012 3:00 PM | Add Comment

While all of the attention on individuals' virtual boycott of stock investing is logical, the discussion tends to produce faulty conclusions.

Posted by J.M. Hamilton Blog at 5/27/2012 12:44 PM | Add Comment

And it's human nature that whichever bank that is will come off looking really good and its CEO will develop a reputation for intelligence and prudent risk management.

Posted by J.M. Hamilton Blog at 5/27/2012 12:00 PM | Add Comment

Experts say that what happened to Mr. Moreno is happening to small companies all over Spain, as many of the regional savings banks that such businesses once relied on are being eliminated or swallowed up

Posted by J.M. Hamilton Blog at 5/27/2012 11:00 AM | Add Comment

Because the stock (ticker: FB) has behaved so atrociously since the initial public offering, the options are initially expected to be too expensive to buy and too cheap to sell when they begin trading Tuesday.

Posted by J.M. Hamilton Blog at 5/27/2012 9:30 AM | Add Comment

EU banks are undercapitalised

Posted by J.M. Hamilton Blog at 5/27/2012 7:30 AM | Add Comment

Chesapeake, carrying over $30 billion in debt and other obligations on $3.5 billion of annual cash flow, according to ISI Group estimates, fits the bill.

Posted by J.M. Hamilton Blog at 5/27/2012 6:30 AM | Add Comment

Facebook Inc.'s botched initial public offering left Morgan Stanley investment banker Michael Grimes in an unusual spot: on the defensive.

Posted by J.M. Hamilton Blog at 5/27/2012 6:00 AM | Add Comment

‘Slow Motion’ Wreck

Posted by J.M. Hamilton Blog at 5/27/2012 5:00 AM | Add Comment

High-profile individuals could pay as much as four times more for an umbrella policy than another person, said Jeff McCarthy, a branch manager in Woburn, Massachusetts

Posted by J.M. Hamilton Blog at 5/27/2012 3:00 AM | Add Comment

The Office of the Comptroller of the Currency is also facing scrutiny about whether it is too cozy with the banks it oversees.

Posted by J.M. Hamilton Blog at 5/26/2012 9:00 PM | Add Comment

"Every bank has a task force right now looking at the potential consequences of a return to the drachma," a Paris-based banker said.

Posted by J.M. Hamilton Blog at 5/26/2012 6:30 PM | Add Comment

As mortgage rates have hit one record low after another, millions of homeowners have been forced to watch, longingly, from the sidelines.

Posted by J.M. Hamilton Blog at 5/26/2012 6:00 PM | Add Comment

Whether in or out of the euro region, Greece has to lower its costs (mostly via wage cuts) and increase efficiency by weeding out corruption, streamlining government, and reducing the power of entrenched interest groups.

Posted by J.M. Hamilton Blog at 5/26/2012 5:29 PM | Add Comment

Of AIG, Blankfein told directors at an afternoon meeting on Sept. 14 that the insurer “was experiencing severe liquidity stress, and it wasn’t clear how long it could continue,” George recalled.

Posted by J.M. Hamilton Blog at 5/26/2012 4:27 PM | Add Comment

So their advice is blunt: Remove cash and other liquid assets from Greece and prepare to take a short-term hit on any other investments.

Posted by J.M. Hamilton Blog at 5/26/2012 3:00 PM | Add Comment

China will be able to bypass Wall Street and buy Treasuries direct.

Posted by J.M. Hamilton Blog at 5/26/2012 1:30 PM | Add Comment

In New York, a prosecutor continues his broad campaign to end insider trading.

Posted by J.M. Hamilton Blog at 5/26/2012 1:00 PM | Add Comment

Banks set the value of these assets – which can be bonds, loans, stocks or derivatives — mostly according to their own models.

Posted by J.M. Hamilton Blog at 5/26/2012 12:45 PM | Add Comment

From a financial perspective, the Australian bond market faces an inverted yield curve

Posted by J.M. Hamilton Blog at 5/26/2012 12:31 PM | Add Comment

In Greece, more than two years into its financial crisis, nearly one-third of the country’s bank deposits have already left the country.

Posted by J.M. Hamilton Blog at 5/26/2012 11:00 AM | Add Comment

The board of J.P. Morgan Chase & Co. is expected to shake up its risk-policy committee in the wake of more than $2 billion in trading losses, people familiar with the matter said.

Posted by J.M. Hamilton Blog at 5/26/2012 10:30 AM | Add Comment

In many cases, he said, they are “simply opening whatever new accounts overseas and in other currencies that are easiest to have,” whether in Luxembourg, Canada or Norway.

Posted by J.M. Hamilton Blog at 5/26/2012 10:00 AM | Add Comment

THESE DAYS, it's the tsunami of money flowing from the central bankers that worries Abraham. "

Posted by J.M. Hamilton Blog at 5/26/2012 9:30 AM | Add Comment

"We've seen a lot of miniflash crashes. Some of us are paying attention to this stuff," says Chilton.

Posted by J.M. Hamilton Blog at 5/26/2012 8:31 AM | Add Comment

Boy, there's just no keeping a secret from Tim Geithner.

Posted by J.M. Hamilton Blog at 5/26/2012 8:00 AM | Add Comment

The Spanish government has tried to avoid following the same path as Ireland, which faced a similar housing crisis.

Posted by J.M. Hamilton Blog at 5/26/2012 7:30 AM | Add Comment

“In secret deals, intermediaries have the upper hand and use it to squeeze taxpayers,” Piga said in an interview. “The bargaining power is in investment banks’ hands.”

Posted by J.M. Hamilton Blog at 5/26/2012 7:00 AM | Add Comment

The Senate Banking Committee invited Mr. Dimon for June 7, but JPMorgan has declined.

Posted by J.M. Hamilton Blog at 5/26/2012 6:29 AM | Add Comment

New details have also emerged about Goldman’s role in helping Greece hide its debt so it could qualify for membership in the European Union.

Posted by J.M. Hamilton Blog at 5/26/2012 6:00 AM | Add Comment

"In general, Wall Street has conflicts of interest, and conflicts of interest are profitable," said Daylian Cain

Posted by J.M. Hamilton Blog at 5/26/2012 5:30 AM | Add Comment

But Bank of America and Barclays were looking for a quicker exit, leading them to consider selling their holdings to Equity Residential.

Posted by J.M. Hamilton Blog at 5/26/2012 5:01 AM | Add Comment

Mr. Gupta was seated at the defense table in Judge Jed S. Rakoff’s courtroom in Manhattan, on trial on insider trading charges.

Posted by J.M. Hamilton Blog at 5/26/2012 2:58 AM | Add Comment

“It’s a massive task to watch the risk of JPMorgan.”

Posted by J.M. Hamilton Blog at 5/25/2012 6:30 PM | Add Comment

“A bank run can happen very quickly,” said Matt King, an expert on international fund flows in London for Citigroup. “You are fine the night before, but on the morning after it’s too late.”

Posted by J.M. Hamilton Blog at 5/25/2012 6:00 PM | Add Comment

Shareholder Spring?

Posted by J.M. Hamilton Blog at 5/25/2012 5:29 PM | Add Comment

A law-enforcement group formed to go after wrongdoing related to the financial crisis needs more investigators in order to rev up its work, New York's attorney general said.

Posted by J.M. Hamilton Blog at 5/25/2012 2:30 PM | Add Comment

The investments raise new questions about the risks being taken by the bank's Chief Investment Office, or CIO, which J.P. Morgan has said is tasked primarily with investing excess cash

Posted by J.M. Hamilton Blog at 5/25/2012 1:30 PM | Add Comment

If ever there was an open-and-shut case for clawing back compensation from reckless traders and risk managers, it must be J.P. Morgan Chase & Co.

Posted by J.M. Hamilton Blog at 5/25/2012 12:45 PM | Add Comment

Goldman Sachs picked up $6.2 billion of such investments in February. The month before, Credit Suisse scooped up $7 billion of similar assets.

Posted by J.M. Hamilton Blog at 5/25/2012 11:00 AM | Add Comment

One proposal would require the board to prepare a detailed report on the firm’s lobbying efforts and how much it spends on them.

Posted by J.M. Hamilton Blog at 5/25/2012 10:00 AM | Add Comment

JPMorgan is reluctant to provide the nitty-gritty details of the broken hedge because it fears other market players will bet against the trade if they know its characteristics, making the bank’s losses even bigger.

Posted by J.M. Hamilton Blog at 5/25/2012 9:30 AM | Add Comment

Think about where we are right now, in the fifth year of a slump brought on by irresponsible bankers.

Posted by J.M. Hamilton Blog at 5/25/2012 8:15 AM | Add Comment

“The markets, or at least the optimists, seem convinced Europe will find a solution and do something,” said Manish Singh, the London-based head of investment at Crossbridge Capital

Posted by J.M. Hamilton Blog at 5/25/2012 7:15 AM | Add Comment

Goldman's newly created list of "50 Very Important Short Positions."

Posted by J.M. Hamilton Blog at 5/25/2012 7:00 AM | Add Comment

The European Central Bank is trying to limit the flow of information about so-called Emergency Liquidity Assistance

Posted by J.M. Hamilton Blog at 5/25/2012 6:44 AM | Add Comment

The judge said in the ruling that she only asked AIG and Countrywide to address the timeliness of AIG’s claims, with all additional grounds for dismissal to be taken up later.

Posted by J.M. Hamilton Blog at 5/25/2012 6:30 AM | Add Comment

The underwriters are given the option to buy the overallotment of shares from the company at a discount.

Posted by J.M. Hamilton Blog at 5/25/2012 5:31 AM | Add Comment

After years of self-acknowledged profligacy, hospitals, doctors and health insurers say there is a strong effort under way to bring medical costs under control.

Posted by J.M. Hamilton Blog at 5/24/2012 7:00 PM | Add Comment

"If you create bank resolution funds without European level powers to impose structural changes, then you use funds but you don't have a central to force the banking sector to reorganize."

Posted by J.M. Hamilton Blog at 5/24/2012 5:30 PM | Add Comment

Goldberg cited press reports blaming the delays on New York-based Nasdaq and claiming that as many as 30 million Facebook shares were affected.

Posted by J.M. Hamilton Blog at 5/24/2012 2:00 PM | Add Comment

Economist David Mackie notes that the Greek party, Syriza, is seeking a deal that the core euro-area cannot support -- to seek a new deal and remain in the euro

Posted by J.M. Hamilton Blog at 5/24/2012 1:30 PM | Add Comment

His point was that virtually every week now we see stories like this that hint at a kind of two-tiered market system

Posted by J.M. Hamilton Blog at 5/24/2012 1:00 PM | Add Comment

Before we jettison “too big to fail” by breaking up the megabanks, we need to take a careful look at the pitfalls of having banks be too small for us to care.

Posted by J.M. Hamilton Blog at 5/24/2012 12:45 PM | Add Comment

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