A trader is betting that the oil and natural-gas giant will return to recent lows and is opening a large put spread in the December contracts.
Read more »Exxon Mobile faces downside spread
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Fifth Third Will Overcome Challenges To Outperform
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On Thursday, Fifth Third Bancorp (FITB) announced the IPO of its payment processing unit, Vantiv, for $100M worth of Class A common stock. At a time when MasterCard (MA) and Visa (V) are near their highs, this is indeed an opportune time to create value.
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RBS Bonus Watch ’11: David Cameron Is Thinking About Trying Something New This Year
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It’s called you’ll get nothing and you’ll like it.
U.K. Prime Minister David Cameron said he will stop Royal Bank of Scotland Group from paying a reported 500 million pounds ($800 million) in bonuses to investment bankers this year. “We can stop the 500 million, yes, absolutely,” Cameron said in an interview on BBC Radio 2 today. “That is not the agreed figure. That’s a proposal I’ve read about in the newspapers.” The Sunday Times reported the 500 million-pound figure on Nov. 6.
Read more »MF Global Customer Funds Were Not Used In Connection With This Portrait
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Does anyone have anything they’d like to say to Jon Corzine but have had a difficult time getting in touch? You’re in luck.
Read more »Are Securities Crowding Out Bank Lending?
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We hear a lot of angst about bank lending and the continued trends regarding a reduction in outstanding bank loans. I tend to think it's a healthy step in our collective recovery, but I do worry that we are seeing a fundamental shift in the bank model regarding asset makeup.
Read more »Delay In 10-Q Filing To SEC Raises Warning Flag For Chimera
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Chimera Investment Corporation (CIM) shareholders should immediately become familiar with a Securities and Exchange potential risk. Chimera has not filed a timely SEC 10-Q report for the 3rd quarter. The rationale is outlined in the below explanation from the company's website. The company, on November 10, filed a notice of late filing due to the following:
Read more »Fixed Again?
The Call Is Coming From Inside The House
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The chorus began quietly at a recent strategy session inside Zuccotti Park, with a single cough from a security team member, a muffled hack between puffs on his cigarette. Then a colleague followed. Then another. Soon the discussion had devolved into a fit of wheezing, with one protester blowing his nose into the mulch between clusters of tents. “It’s called Zuccotti lung,” said Willie Carey, 28, a demonstrator from Chapel Hill, N.C. “It’s a real thing.” “Pretty much everything here is a good way to get sick,” said Salvatore Cipolla, 23, from Long Island.
Read more »CME Should Fully, Not Partially, Repay MF Global Customers
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After dithering for far too long, CME Group, Inc. (CME) has finally agreed to guarantee up to $300 million worth of MF Global (MFGLQ.PK) customer funds. I hopes my coverage of this issue helped to point them in the right direction.
Read more »Write-Offs: 11.11.11
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$$$ Euro Debate: Goldman Says Buy, Morgan Stanley Says Sell [Bloomberg]
$$$ Big Money Funds Pull $8B From Deutsche Bank [Bloomberg]
Read more »Which REITs Are Worth Buying Now
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I have written quite a bit about Annaly Capital Management (NLY), and I still maintain that it is the best of breed and fits nicely into just about any diversified and balanced portfolio, especially for those seeking higher yields (given the risks).
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