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Archive for the 'banks' Tag

Financial overhaul meets corporate governance …

Thursday, July 15th, 2010

The long-anticipated Wall Street reform bill just passed the U.S. Senate and is heading for President Obama’s desk. It still has a number of the investor-protection and corporate-governance provisions we mentioned before, but we were recently reminded that even some of the headline issues — bank capital standards, systemic-risk oversight, derivatives regulation — have a [...]

FootnotedPro: Long-term risks to bank income

Friday, July 2nd, 2010

The slow season for filings is a mixed blessing: It lets us spend a little more time with the filings that do come in. But at the same time, there’s less in the way of clear-cut, compelling material for FootnotedPro, our subscription service for professional investors. So we took the opportunity to go back and [...]

Banking on the little bucks at CVB Financial …

Wednesday, March 31st, 2010

In all the hue and cry over executive compensation, one refrain is constant: Without good pay packages, companies won’t get the best and brightest men and women for the job. And heck, you never know what it’ll take to keep them coming in to work. For some, like Sprint CFO Robert Brust, it’s rides on [...]

TFS Financial Corp. Discusses its Loan Woes

Tuesday, December 1st, 2009

Given the paucity of filings on Friday, we couldn’t help but pay attention to the 10-K that TFS Financial Corp. (TFSL) filed. The company actually tried to sneak it in late Wednesday — around 6:30 pm. But the SEC was closed for Thanksgiving by then so it wound up getting accepted on Friday morning. Granted, [...]

Bank of America paid $1.2 billion to Merrill associates…

Wednesday, March 4th, 2009

We hate to pick on Bank of America (BAC). Really we do. But we couldn’t help it after noticing something new and interesting buried deep in this amended 8K filed late yesterday. We’ll skip right to the good part: Adjustments to record approximately $1.2 billion related to contractual change in control obligations included in historical [...]