Financial

Shedding over N4 trillion of toxic debt to  the state-run AMCON starting in 2010 was the first step in a cycle for Nigerian banks which has now come full circle …

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Sentiment Stock market averages are up sharply and led by the financials Friday. JPMorgan (NYSE:JPM) jumped 5.9 percent and is the best gainer in the Dow Jones Industrial Average after …

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The Advent/Claymore Global Convertible Securities and Income Fund (NYSE:AGC) is a closed-end fund that was formed in May 2007. AGC seeks total return from current income and capital appreciation. The …

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Every now and then, the markets leave you speechless. Last week was one of those weeks. There was hardly any place to hide except for Treasuries and a rather choppy …

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It’s all about reputation.  That’s the argument Stanford professor Michael Tomz makes – and credibly supports – in this 241 page work.  Released in 2007 before the financial crisis, Reputation and …

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“Be Bold” was the theme of Charles Schwab ‘Impact’ 2010 financial conference. And, would you live your life any other way? As a manager with the General Electric Company (NYSE:GE) …

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My outlook for 2010: Weak recovery: High unemployment and low expected growth rate of 2.5%-3% in 2010, not enough to push the unemployment rate under 9%, will force the FED …

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What group of hedge fund investors pay their managers 50% of profits? Goldman (NYSE:GS) stockholders, that’s who. Over 50% of the profits generated at Goldman come from the employees’ use …

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Six former private insurers have the political privilege of getting TARPed; added to the U.S. government’s red/to-do list. Although the dollar amounts are minuscule compared to the banking sector, there’s …

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Risks abound on UBS’s balance sheet, off the balance sheet, and across the pond. Yet, UBS trades at an astonishing premium to its peers. We are initiating a SELL rating. INVESTMENT …

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