As far as I know, Thomas Donlan of Barron’s is no car expert. But he’s covered the financial sector long enough to see some problems in recent dealings involving Tesla.…
Thomas Donlan of Barron’s devotes his latest editorial commentary to issues surrounding the skyrocketing price tag of American higher education. Unfortunately for most of the not-wealthy but not-poor students and…
According to NC DENR (footnote 6) in their latest report on North Carolina’s renewable portfolio standard. Investors are allowed to claim a maximum of 20% of the ITC each year and are…
Finds an additional $1 billion to $3 billion in annual savings on top the previously promised $5 billion. According to Bloomberg: The lender, which already targeted $5 billion in expense…
The latest Bloomberg Businessweek features a less-than-flatttering cover photo of an apparently worried Bank of America CEO Brian Moynihan, and the article associated with that cover questions whether it’s possible…
How often do we hear the phrase “it’s not the government’s money, it’s our money”? I’m sure that many of us here at the JLF have used this expression. But,…
Man, if you have been following the Bank of America-Merrill Lynch saga since last fall, the following graf on the departure of another top ML exec from BofA by Uptown…
The New York Post is reporting that Bank of American has begun a deep round of layoffs which includes the bank’s “rank and file staffers” in its investment bank and…
It’s baaack. I told you so. Washington is not going to stop with the bailout approach because the entire financial services sector — minus heroic BB&T chief John Allison —…
Wow. I am gob smacked. Understand what this means. Merrill has basically given up on raising capital. Instead they’ve collapsed into the depositor base of BofA. This is Banking 101.…
Christina Rexrode does a fairly good job catching up the Uptown paper of record on the auction-rate security thicket that ensnared Wachovia and BofA a couple months ago. The banks…
Is busting in on my few days at the beach. Sigh. A blogger is never off-line. Suffice it to say that we will know this week if Wachovia will remain…