Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Facebook is in the stock market, officially. What the company brings is an extra capital boost to its already-thriving enterprise, the social network that has around 900 million subscribers. The first day of trading gave the company an extra capital gain of $16 Billion, closing the trade at $38.23 a share. At the day’s start […]
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Federal Reserve picked the brain of a wise man when they started taking the US banking system seriously. Oh! Or was it the 2008 economic crisis that forced them to think straight? Whatever the case was, the US central bank has taken a serious notice of the US banks and late in 2011, laid out […]
Bank of America BofA cleared the stress test with 5.9% capital ratio. It is not believed to have proposed any additional capital returns after proposed dividend hike was rejected in 2011. Capital One Financial The institute passed stress test with 7.8% capital ratio. Regions Financial The bank passed stress test with 6.6% capital ratio, announced […]
JPMorgan Chase One of the too big to fail, passed stress test with 5.4% capital ratio under stressed scenario, including proposed captal actions through 2013. Increased its dividend 20% to 30 cents per share, from 25 cents, authorized a $15 billion stock buyback. US Bancorp With a margin US Bancorp passed stress test with 5.4% […]
(Reuters) – Facebook Inc plans to increase its $2.5 billion credit line to help cover a major tax hit when employee stock awards vest shortly after it goes public, according to two sources familiar with the company’s plans. The world’s largest social media network, which boosted its borrowing capacity by two-thirds just six months ago, […]
In the 24 hours or so since Facebook filed its long-awaited S-1 and started on the way to a second-quarter public offering, some of the focus has been on the near-certainty that the bulk of the social network’s shares being sold will be snatched up by big institutions and high net-worth individuals. There are some […]
After a long wait of almost a year since the first rumour sprung at the Pablo Alto, California head quarters, Facebook is planning to file for the Initial Public Offering at Securities and Exchange Commission on Thursday, February 02 or Friday, February 03. The filing will initiate the process of the social network’s net worth […]
Goldman Sachs is trying to pull some strings on the basis of its former relation with Facebook. The company led the private offering of Facebook but that relation frayed in the past few months. But the investment bank is trying to sway the top management at Facebook for a preference over other competitors. The reason […]
The US Senate and Congress took notice of Federal Reserve’s easy lending late in 2010 and first quarter of this year. Fed Chairman Ben Bernanke was sent a memo to make public detailed reports on the aid provided to the US financial institutions. Bernanke, in reply to the leaders of the House and Senate, said […]
Federal Reserve laid out a stress test for major financial institutions in the US. There are currently 19 banks on FRS’ subject-list; among them major parties are Bank of American, JP Morgan Chase and Goldman Sachs Group. The statement issued by the Fed ordered these financial goliaths to undertake a test to see if they […]
