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    U.S. Economy well past point of no return

    You will be surprised, but there are some good news out there : UBS upgrades Enel to buy from unchanged UBS upgrades Tate & Lyle to neutral from sell UBS upgrades Akzo Nobel to buy from unchanged UBS upgrades Repsol to buy from neutral :p
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    HSBC to scale back US lending and Considers Raising Capital

    Sure, but as it is the only bank of prestige existing without government help, I think the offering will be oversubscribed "several" times...
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    HSBC to scale back US lending and Considers Raising Capital

    HSBC will on Monday announce plans to scale back its US consumer finance operations as the bank launches a £12bn-plus ($17bn) rights issue designed to re-establish its position as one of the world’s best capitalised banks. HSBC is expected to say that it is further shrinking HSBC Finance...
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    Bank of England to start quantitative easing ?

    The Bank of England is set to bring interest rates down to an effective zero-level within days and to sound the starting pistol on quantitative easing, pumping extra cash into the economy. The Government is putting the finishing touches to a letter to the Bank endorsing its proposal to...
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    Stress test research note from UBS

    Goldman Sachs Group Inc.’s analysts, led by Richard Ramsden, recommended that investors avoid Citigroup shares because “it is unclear whether this is the last round of capital restructuring, which means that existing equity may be further diluted in the future.” The analysts also noted...
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    Bank to Pay Back TARP Money After Golf Dust-Up

    Press Release from Iberiabank http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/02-26-2009/0004979666&EDATE= :D
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    Bank to Pay Back TARP Money After Golf Dust-Up

    Northern Trust sees a sand trap in TARP. The Chicago-based bank said Friday evening that it would repay the government more than $1.5 billion “as quickly as prudently possible” following a hail of criticism from Capitol Hill over its lavish entertainment spending at a golf tournament last...
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    BofA carries loans $44 billion above market value

    February 25, 2009 VIA Electronic Mail (director@fasb.org) Technical Director Financial Accounting Standards Board 401 Merritt7, P.O. Box 5116 Norwalk.CT 06856-5116 File Reference; Proposed FSP FAS 107-b and APB 28-a Dear Board Members and FASB Staff: The Mortgage Bankers...
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    BofA carries loans $44 billion above market value

    Feb. 26 (Bloomberg) -- Investors looking at the assets on a bank’s balance sheet simply want a good estimate of how much they are worth. It’s not easy getting a straight answer. Consider yesterday’s disclosures by Regions Financial Corp. in the annual report it filed with securities...
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    BofA carries loans $44 billion above market value

    Bank of America Corp (BAC.N) is carrying loans on its balance sheet marked at more than $44 billion above their fair value, the company said in its annual report filed with U.S. regulators on Friday. The bank said it ended 2008 with $886.2 billion in loans, but estimated the fair value -- or...
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    ISDA Launches Cds Standard Model As Open Source, Appoints Markit As Administrator

    NEW YORK, Thursday, February 26, 2009 –The International Swaps and Derivatives Association, Inc. (ISDA) today announced the launch of the ISDA CDS Standard ModelTM as an open source project. The model has its basis in J.P. Morgan’s CDS Analytical Engine, which was transferred to ISDA on...
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    Spreading some good news: Germany's 'Scrap' Bonus Fuels Car Sales

    BERLIN -- Around the world, some economists and governments have their doubts about whether costly fiscal-stimulus measures will work. But in Germany, one measure already is a roaring success. Germany's €2,500 ($3,200) subsidy for people who scrap an old car and buy a new one has triggered...
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    Citibank personal loans ranging from 10,49 % to 28,49 %...

    Well Fargo does not publish ranges as does not Capital One, Chase... https://www.wellsfargo.com/personal_credit/products/options/unsecured_loan https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/unsecured_personal_loans/personal_loans_lines/page/personal_loans_home...
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    Citibank personal loans ranging from 10,49 % to 28,49 %...

    HSBC Avg; range: 13.85-19.25%; no fee
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    Citibank personal loans ranging from 10,49 % to 28,49 %...

    https://online.citibank.com/US/JRS/pands/detail.do?ID=LLInstallmentLoan You must be kidding me that you intend to bring back the economy with 10,49-28,40 APR´s ! That´s a joke !
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    WTF!!! Taxpayers Paying Off GM Bondholders

    :D :D :D
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    hahahaha! NYSE suspends $1 rule

    NYSE suspends $1 rule Posted Feb 27th 2009 10:50AM by Zac Bissonnette Filed under: Good news, Amer Intl Group (AIG) The New York Stock Exchange has decided to temporarily suspend (subscription required) a rule requiring that companies be kicked off the exchange when their shares fall below...
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    hahaha! FDIC considering emergency fee on banks to recapitalize its own balance sheet

    Too funny. :p
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    Short DAX at 7740

    Core view intact: Short-term downside followed by a large rally Our central view for the market has been that the first half of the year will be extremely volatile and the DJ Stoxx could fall to €160 due to increasing deflation risks being priced in. However, we thought, and still believe...
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    Short DAX at 7740

    3872.00 closing some longs. Need to break 3892.00.
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