Wall Street Folly

• Bank of America names Brian Moynihan as new CEO
• U.S. Delays Sale of Citigroup Stake as Shares Sell at Discount
• Bernanke confirmation seen passing first hurdle
• Meredith Whitney Cuts Goldman Sachs, Morgan Stanley Estimates
• Lehman to pay $50m in bonuses
• U.S. says Credit Suisse schemed to evade sanctions
• SEC tightens rules on investment advisers, corporate transparency
• Tiger Woods Dubai Says It’s Committed to Golf Course Read the rest of this entry »

Tags: Bank of America, Ben Bernanke, Citigroup, Fed, Goldman Sachs, Lehman Brothers, Meredith Whitney, Morgan Stanley, SEC, Tiger Woods, Vikram Pandit

Tags: Bearish, financials, Meredith Whitney, Videos

After striking out on her own from Oppenheimer in February 2009 to form her own research boutique, Meredith Whitney is making a move to becoming a full service firm, acquiring Seegal Benson Leucadia Securities LLC, launched  by media banker Frederic Seegal in 2007:   And her firm now has a new name: Meredith Whitney Securities LLC. Read the rest of this entry »

Tags: Meredith Whitney

• Goldman Sachs Raised to ‘Buy’ by Meredith Whitney
• Berkshire Tones Down Risky Business
• For Buffett Fans, the Price Is Right
• Boutique banks win bigger share of M&A fees Read the rest of this entry »

Tags: Berkshire Hathaway, Boutiques, Goldman Sachs, M&A, Meredith Whitney, Warren Buffett

• Roubini, Shiller [and Meredith Whitney] see more pain for economy
• Banker claims ‘irresponsible’ pricing is back
• Credit default swaps losing favor to corp bonds Read the rest of this entry »

Tags: Banks, CDS, Green Shoots, JP Morgan, Meredith Whitney, Nouriel Roubini, Pundits, Robert Shiller

The more she said on her CNBC appearance late this afternoon, the more the market sank…. Read the rest of this entry »

Tags: Banks, CNBC, Credit Crunch, Meredith Whitney

In a video interview with Bloomberg, Meredith Whitney says that after a series of one time factors that produced gains for banks this quarter, she expects them to return to losses.  And she expects that the large banks will pass their stress tests, but that the regional banks will face more difficulty:

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Tags: Banks, Meredith Whitney

With some shareholders calling for embattled Bank of America CEO Ken Lewis' ouster,  queen banking analyst Meredith Whitney is still on his side.

Bank of America Should Keep Lewis After ‘Mistake,’ Whitney Says – Bloomberg

Tags: Bank of America, Meredith Whitney, Merrill Lynch

Tags: Banks, CNBC, Meredith Whitney

Meredith Whitney appeared on CNBC this morning for the 8-9 hour.  Here are videos from her appearance.

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Tags: Bank of America, Banks, Citigroup, CNBC, consumer debt, credit cards, investment banks, Meredith Whitney, TARP

Yesterday bearish bank analyst Meredith Whitney penned an op ed piece in the Wall Street Jourmal noting that the next shoe to drop would be in credit cards.  The above video is from her appearance on CNBC later in the day.

Tags: Banks, CNBC, Meredith Whitney

Don't miss Meredith Whitney's opinion piece in this morning's WSJ.  Here are some excerpts:

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Tags: Credit Crunch, Meredith Whitney

MeredithWhitneyLLC

Tags: Meredith Whitney

CNBC is reporting that Oppenheimer banking analyst goddess Meredith Whitney is leaving Oppenheimer to start her own firm: "Meredith Whitney Advisory Group".  Today is her last day.  She'll reportedly be up and running by mid March.

Tags: Meredith Whitney

The deafening noise out of D.C. about Wall Street bonuses has gotten so loud and nasty that firms who accept any money from the feds risk losing all of their talent.  True stars will always find someone who will pay them, either at hedge funds, boutiques, or through starting their own ventures.

Oppenheimer's Meredith Whitney seems to think the same thing.  She spoke to Bloomberg Television:

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Tags: Bonuses, Compensation, Meredith Whitney

Per CNBC: She's dubbing the "Bad Bank" part of the good bank / bad bank idea being floated the

"Bank Asset Repository Fund", or BARF for short.  Catchy name.  LOL

Tags: CNBC, Meredith Whitney

Meredith Whitney is more bearish than she's ever been.  While she continues to be bearish on banks, she's now worried about what's going on with the consumer.  She was interviewed this morning on CNBC:

"The big banks are going to be on
life support for at least 18 months, if not 36 months," 
Oppenheimer's executive
director of equity research told CNBC Wednesday morning.  "The big banks will
not fail, but the big banks will not grow, in my opinion, for at least another
two years."

"Just over 70 percent of American
households have credit cards, but over 90 percent of those households revolve at
least one time a year, so they're using it as a cash flow management vehicle,"
she explained. "The banks now are starting to cut those lines back. That will
impact spending."

You can see a video of her CNBC appearance at the link below.

Whitney:  Banks On Life Support Next 18 Months – CNBC

Tags: Credit Crunch, Meredith Whitney

Oppenheimer Banking seeress Meredith Whitney has more lumps of holiday coal for the banking industry.  She's projecting that the U.S. banks, including Citigroup, could see another $44 billion in writedowns and charges in the fourth quarter.

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Tags: Banks, Citigroup, Credit Crunch, Meredith Whitney