You just knew they wouldn’t play by the rules, right?
Investment bankers in the U.S. have begun using equity derivatives to convert restricted shares paid as bonuses into cash, side-stepping new guidelines on remuneration which were designed to preven…
<ul><li>Jan. 31–Walking into a tax-preparation office and picking up a refund check there just a few days or hours later sounds good to a lot of cash-strapped people. </li><li>People who take advantage of tax-preparers’ offers …
<ul><li>Jan. 31–Ahli United Bank B.S.C. (AUB) announced an increase in its stake in Ahli United Bank, Egypt (AUBE) from 35.3% to 79.6%, completed through a formal tender offer to all AUBE shareholders. </li><li>This was achieve…
A hat-tip to Deano for directing me to the following story about growing mortgage stress amongst first home buyers in Australia. Unlike the rest of the world Australia did not undergo a sizeable correction in home prices as a result of the misguided po…
<ul><li>The National Bank of Abu Dhabi (NBAD), The Number One Bank in UAE, was incorporated in 1968 and is listed on the Abu Dhabi Securities Exchange (ADX), under stock code (NBAD).</li><li>NBAD has a network of more than 100 b…
A sharp reader offers the following hypothesis (which I have edited):
Illinois is fundamentally bankrupt. It has less than $1 million in cash, pays vendors net 90, and owes its state university $450 million that it cannot pay. Oh, and it also has $60 …
ConocoPhillips (NYSE: COP) earned $0.81 per diluted share, on a GAAP basis, in the fourth quarter of 2009, which ended 31 December. This result includes non-cash impairment charges totaling $573 million …
<ul><li>A Bulgarian man nabbed by Quincy police secretly installed cameras and other equipment at banks across eastern Massachusetts to steal ATM card users’ private information to empty their accounts, authorities alleged.</li><li…
<ul><li>Adjusted net income reported above eliminates the impact of non-cash, mark-to-market, gains and losses, which arise from changes in the fair value of certain of the Partnership’s derivative instruments that do not qualify for hedge …
<ul><li>First Banks, Inc. ("First Banks" or the "Company")(NYSE:FBSPRA), the holding company of First Bank, today announced a net loss of $153.8 million for the three months ended December 31, 2009 as compared to a …