Blog Archives

US Economy: Awry Euro claims could reward US investors, housing could recover

The day has started well with the Ira Sohn conference giving a lot of hope to ideas floating around in my head since that jump began last year, but then Jobless claims seem to have kidnapped good news baselines to

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, Financial Markets, Global, US

Trading losses to hit Goldman Sachs again! | Banking insight

One instantly thinks up exposure to Europe’s credit markets when one thinks of Wall Street trading this year too and it seems Goldman Sachs has again stepped in it and Q2 earnings estimates are rapidly being downgraded this quarter. For

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Posted in Amitonomics, Banking, US

The Deal Economy: New numbers for the Facebook IPO ($16B at $38) make it the largest IPO in history | Deal Insight

Facebook’s self effacing roadshow trudge seems to have thrown quite a leg with Zuckerberg’s dream project taking off to a larger Capitalisation target ahead of Friday’s open. Earlier the company had upgraded its IPO range to $34-$38 making itss $104

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Posted in Financial Markets, Retail Lifestyle, Social Media

Whale Trader burns JP Morgan goodwill | Banking Insight

Though JP Morgan would degrade earnings for Q2 by a minimum of $800 mln from yesterday’s announcement, the damage could be more severe for the bank’s decision to hold on to unrealised gains in the CIO portfolio of securities of

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

Rakoff hands out $315 mln to Missie’s Purse(PERS) | Banking insight

Bank of America continued its run of good luck with Judge Rakoff letting it off in the case by Mississippi Public Employees Retirement System for $16 bln of MBS investments sold to them. Goldman Sachs had to sign a $9.8

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Posted in Banking, US

Consumer Credit jumps, Wells Fargo dumped, Goldman Sachs trading platform | Banking insight

The hitherto bankers’ bank Wells Fargo originated more than 30% of the $385 mln in new mortgages in Q1 2012 and led the pack, #2 JP Morgan at just below 11% and Bank of America at hardly 4% ( obviously

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Posted in Amitonomics, Banking, Financial Markets, US

Too Big to Fail – Time for a sit down, if you must! | Banking Insight

The bone of contention described yet by banks as the limits on derivatives trading has snowballed to the next stage with the Fed adopting the more stringent 10% interbank exposure limit, lining the coffin of the hitherto “wholesale funding” that

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Posted in Amitonomics, Banking, US

Bank Results Thursday Q1 2012 ( incl US Economy day ahead) : Beat expectations a norm for $0.71 at Morgan Stanley, $0.31 EPS at Bank of America

See larger image Calico Joe (Hardcover) By (author) John Grisham List Price: $24.95 USD New From: $9.99 In Stock Used from: $7.00 In Stock Release date April 10, 2012. Even as credit spreads tightened and the resulting CVA of $2

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Posted in Amitonomics, Banking, US

Bank Results Season: The return of Goldman Sachs (Q1 2012)

Compensation battles at Chase that compare unfavorably for retail banking employees as Dimon gets paid 67 times the average bank pay or Lloyd Blankfein’s own titular troubles with non profits and activist investors seem destined to take a back seat

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

Bank Results Season: Citi proves its worth to itself (Q1 2012)

Citigroup results of Jan to March 2012 relied on reduced Citi Holdings assets of $134 bln in the run off portfolio and the $4.74 bln revenues n Fixed Income about a 20% higher than even Q1 2011 and more than

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Posted in Amitonomics, Banking, US
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