Tag: banks

— 29 items —

The Mercedes S65 is the latest contra indicator…
May 20, 2008—While I've yet to see research on this, there simply has to be an inverse relationship between the number of club memberships and luxury cars an executive of a publicly traded company belongs to or drives and the stock's performance. Vineyard National Bancorp (VNBC), which ...

Wachovia pays up…
April 25, 2008—Last Tuesday, we footnoted about an interesting disclosure in Wachovia's (WB) 8K announcing first quarter earnings. There was new language about a potential restitution involving a former Wachovia customer called Payment Processing Center that had bilked lots of people -- many of them ...

The silly season for perks…
April 21, 2008—Here at footnoted, we're all about better disclosure. But as with most of the other good things in life, there are certain times when there is simply too much of a good thing. Take the proxy statement filed by CVB Financial (CVBF) last ...

Now you tell us…
November 30, 2007—Flipping through the 10-K that Bank United (BKUNA) filed late yesterday, I found myself doing a double-take when I got to this sentence on pg. 49: Forty-two percent of our one-to four family residential loans were underwritten based on borrower stated income and asset verification and an additional 9% ...

Missing the shower curtain at Tyco…
November 28, 2007—Gee, I miss Dennis Kozlowski's $6000 shower curtain (pictured here). Let's face it, the former Tyco CEO's extravagant misbehavior made for entertaining reading. Although I can't say the same for the 10-K that Tyco International (TYC) filed yesterday, I was intrigued by the company's update ...

A fine mess…
November 15, 2007—Was just taking a peak at some of this afternoon's filings when I came across this 8K filed by Morgan Stanley (MS) Loan Trust 2007-13. At just over 1,200 pages and with 19 different exhibits, it's about as complex as filings get. And yet, it seems to crystallize ...

Back to the beach…
November 15, 2007—Yesterday, I decided to spend a bit more time poking around the foreclosure records for Manatee County, Florida, where I used to live and where I got my start as a business journalist. This was prompted by a question by the ever-diligent Floyd Norris of the NY ...

Turns out, you can go home again…
November 7, 2007—Home sweet home. Home is where the heart is. A man's home is his castle. I'm sure I'm missing a few other clichâô_Ÿs here. But I just couldn't help it after reading this exhibit to the 8-K that Regions Financial (RF) filed late yesterday. As the accompanying press ...

Just another Friday night in Florida…
October 8, 2007—There's nothing like a Friday night for some good SEC filings and this S-4 filed late Friday by Colonial Bancgroup (CNB) took me back to my roots along the charming I-4 corridor in Florida. First: a bit of background. Colonial announced in July that it was acquiring Citrus & Chemical, ...