Tag Archives: banking

Financial Stories You Might Have Missed – And a Note of Irony

by Richard Magrann-Wells, March 23, 2012 | Posted in Financial Services

A New Class of Exports – Class Action Goes International Countries export when they have a surplus.  Japan produces cars.  France produces wine. America, well, America produces lawyers. In the last 12 years the number of countries that allow class actions … Continue reading → Continue reading →

5 Financial Stories You May Have Missed – And a White Hot Development

by Richard Magrann-Wells, February 24, 2012 | Posted in Financial Services

1. Is SEC “Breaking the Buck” and the Money Markets? Money markets funds are funny animals. They are mutual funds, but unlike most funds they are extremely short term and invest in US Treasury bills and commercial paper.  But what makes … Continue reading → Continue reading →

It’s a Wonderful Sub-Prime Life

by Richard Magrann-Wells, December 21, 2011 | Posted in Financial Services

The Bailey Building & Loan Association (BB&L) was one of the worst run banks in America. It would have topped the FDIC’s problem bank list, if such a list had existed in 1946. In fact it almost certainly would have failed every financial test of today’s regulators. Continue reading → Continue reading →

Rakoff SEC-Citigroup Ruling Sends Chills Through Wall Street

by Ann Longmore, December 2, 2011 | Posted in Directors & Officers

What are the implications of Judge Rakoff's decision to block the SEC-Citigroup settlement for Wall Street and Directors and Officers? Continue reading → Continue reading →

5 Financial News Stories You May Have Missed — And a Little Deja Vu

by Richard Magrann-Wells, November 4, 2011 | Posted in Financial Services

Financial news this week included MF Global, AIG bailout, Capmark, Trust Company of the West, Allied Home Mortgage, and related government agencies. Continue reading → Continue reading →

Geithner’s Vague Threat to Banks: More Harm than Good?

by Richard Magrann-Wells, October 26, 2011 | Posted in Financial Services

The threat of regulatory action has hung over the banks for the last three years. The recent comment by Treasury Secretary Timothy Geithner  suggesting that the public should “stay tuned” could exacerbate the dark cloud hanging over our financial institutions, Continue reading →

5 Financial Services Stories You May Have Missed — The Effects of FX

by Richard Magrann-Wells, October 7, 2011 | Posted in Financial Services

This week: NY Attorney General, Bank of New York Mellon, Bank of America, House Financial Services Committee, UBS, rogue traders, SEC, FINRA, sub-accounts. Continue reading → Continue reading →

5 Financial Services Stories You May Have Missed — And an Occupation

by Richard Magrann-Wells, September 30, 2011 | Posted in Financial Services

News stories from the week that were easy to miss, but may have some lasting impact: overdrafts, interest, treasury, hedge funds, hackers, and an occupation. Continue reading → Continue reading →

5 Financial Services Stories You May Have Missed – Run-on Sentences

by Richard Magrann-Wells, September 23, 2011 | Posted in Financial Services

Below are news stories from the week that were easy to miss, but may have some lasting impact -- featuring Galleon, Lloyd's, Madoff, Goldman, and LaSalle Bank. Continue reading → Continue reading →

5 Financial Services Stories You May Have Missed — And a Rogues Gallery

by Richard Magrann-Wells, September 21, 2011 | Posted in Financial Services

We've rounded up the top five recent news stories on the world of banking that were easy to miss, but may have some lasting impact. Continue reading → Continue reading →