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4Vote!

U.S. to sell warrants in three financial firms

WASHINGTON (MarketWatch) -- The Treasury Department announced late Thursday that it intends to sell warrants to purchase common shares in three financial firms: JP Morgan Chase, Capital One Financial Corp and TCF Financial Corp. The warrants were received in return for government capital injections in the firms. Over the next month, Treasury said it intends to conduct auctions to sell the warrants....

7Vote!

AmEx to Acquire Revolution Money for $300 Million

Zacks.com submits: American Express Company ( AXP ) said on Wednesday that it will acquire Internet payment platform Revolution Money for about $300 million. The deal is expected to close in early 2010. Following the closure of the deal, Revolution Money would operate as a subsidiary of AmEx. The founder and chief executive of Revolution Money, Jason Hogg, will continue as president and chief executive....

5Vote!

AmEx (AXP) To Buy Revolution Money

American Express Company (AXP) said on Wednesday that it will acquire Internet payment platform Revolution Money for about $300 million The deal is expected to close in early 2010. Following the closure of the deal, Revolution Money would operate as a subsidiary of AmEx. The founder and chief executive of Revolution Money, Jason Hogg, will continue as president and chief executive. [More...]

5Vote!

The First Marblehead Corporation: First Marblehead to Explore Strategic Alternatives for Bank Subsidiary

BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today affirmed that its subsidiary, Union Federal Savings Bank, has completed the sale of its remaining private education loans held for sale. As a result of the sale of the portfolio, Union Federal no longer carries any private education loans on its balance sheet.

6Vote!

The First Marblehead Corporation: First Marblehead to Broadcast Annual Stockholders Meeting on November 16, 2009

BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today announced that it plans to broadcast its annual meeting of stockholders to be held at 10:00 a.m. EST, in New York on Monday, November 16, 2009. Daniel Meyers, First Marblehead's Chief Executive Officer and President will provide an update and outlook for the company.

5Vote!

The First Marblehead Corporation: First Marblehead Announces First Quarter Fiscal 2010 Financial Results

BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the first quarter of fiscal 2010 which ended September 30, 2009.

5Vote!

American Express Company Q3 2009 Earnings Call Transcript

American Express Company ( AXP ) Q3 2009 Earnings Call October 22, 2009 5:00 pm ET Complete Story »

5Vote!

The First Marblehead Corporation: First Marblehead to Release First Quarter Fiscal 2010 Financial Results on October 26, 2009

BOSTON, MA (MARKET WIRE) The First Marblehead Corporation (NYSE: FMD) today announced that it plans to release its first quarter fiscal 2010 financial and operating results for the three-month period ended September 30, 2009 before the market opens on Monday, October 26, 2009.

9Vote!

Earnings Duel: American Express vs. Capital One (AXP, COF)

American Express Company (NYSE: AXP) and Capital One Financial Corporation (NYSE: COF) have both reported earnings this afternoon. We saw estimates rise in recent days as many lenders were discussing better credit metrics starting to be evident. These numbers are mixed on the credit metrics but look amazing on some fronts. American Express has reported its [...]

5Vote!

CFSI Meeting Today Explores Consumer Credit and Industry Needs

The Center for Financial Services Innovation (CFSI) has announced that it will welcome more than 30 senior executives from a broad cross-sector of the financial industry in Chicago today for a joint meeting of its Innovators and Responsible Credit Roundtables. The gathering seeks to provide insight and actionable ideas for companies, advance their individual efforts in developing new projects and business...

7Vote!

Cat And Mouse

At it’s core, the credit industry seems to be a cat and mouse game between banks and customers, creditors and debtors. Here are two stories that illustrate both sides. Banks Evade Reform The credit card bill of rights (CARD Act) is a great piece of legislation. It closes many loopholes and bans many unfair and deceptive practices. [...]

6Vote!

U.S. Profits from Bailed-Out Banks

Zacks.com submits: The U.S. government has already retrieved about $4 billion in profits from 8 of the biggest banks that have fully repaid their obligations from the $700 billion Troubled Asset Relief Program (TARP). The government has recorded profits of about $1.4 billion from its investment in Goldman Sachs Group Inc. ( GS - Snapshot Report ), $1.3 billion from Morgan Stanley ( MS - Snapshot Report...

1Vote!

American Express shares rise as loan concerns ease

NEW YORK, Aug 7 - American Express Co's shares rose on Friday for the eighth straight session to a 10-month high, as concerns eased about credit losses . The stock of the largest U.S credit card company by sales rose 5.4 percent to $33.00, after t ...

1Vote!

Financial Stocks: Investors pull back following AmEx's big loss

A day after hitting their highest levels in more than a month, financial stocks beat a retreat as investors grow wary heading into the weekend after credit-card giant American Express Co.'s big decline in quarterly profit.

1Vote!

Financials off on credit card makers' woes

NEW YORK (MarketWatch) -- A day after topping new 30-day plus highs, financial stocks retreated Friday morning as investors grew wary heading into the weekend after American Express Co. and Capital One Financial Corp. reported big declines in quarterly profit. The sector's benchmark exchange-traded fund, Financial Select Sector SPDR Fund , was down 0.5% to 12.43. Shares of the two credit card makers...

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1Vote!

Help Me Payback My Student Loans

Go to our home page for more information on student loans regardless of credit Pay Back Your Student Loan Paying back student loans can be a long and lengthy process but as long as you keep the debt in perspective and handle it res...

1Vote!

Student Loan Law Review - Cant Pay My Student Loan

Discharge of Indebtedness and Student Loans - Top 5 ways to Help Me Payback My Student Loans Student loan has become a ‘necessary evil’ for most of the students, which help them to complete their education. In the present social and econ...

1Vote!

Student Loan Consolidation Advice

Winning Strategies For Tackling Student Loan Debt If you’ve recently finished school and are currently in your six-month grace period before you have to make your first student loan payment, you may have questions about the best way to tackle you...