Influential bank analyst Meredith Whitney just gave a Maria Bartoromo an interview on CNBC after her op-ed piece in the WSJ called credit cards and credit lines the next wave of problems for financial…
Vikram Pandit, CEO of Citigroup (C), said that the bank made money in the first two months of the year. Primarily on the strength of those comments, the firm’s stock is up 36% to…
Vikram Pandit, CEO of Citigroup Inc. (NYSE: C) is being credited for most of today’s rally based upon a memo he sent to employees after last week’s debacle. We have provided additional data, and…
Citigroup (C) CEO Vikram Pandit says that the bank is having a great quarter. That must be true because he says it is, although his comments in the past have not always been spot on. According to the…
Other companies that need federal bailouts should use the AIG (AIG) approach. It told the the government that if it did not get a large slug of money the global financial system would burn to the…
Wells Fargo (WFC) is supposed to be one of the healthier big banks. The market has not treated that way, driving its shares relentlessly lower–down 40% over the last five trading days which is…
The chairman of the board of directors of Wells Fargo & Co. (NYSE: WFC) has just used today’s weakness to buy stock. Richard Kovacevich spent $805,000 to purchase 100,000 shares of Wells Fargo common…
Citigroup (G), until recently the largest financial services company in the world, traded below $1 at 11.37 AM today, one more road mark on its trip to a becoming a firm which is essentially controlled by…
Andrew Cuomo spends most of his time running for the governor’s job in New York State. In his spare time he acts as Attorney General and will investigate and prosecute anything he can get…
It seems that bond ratings agencies still have some merit, or at least investors still read what they write. Standard & Poor’s has lowered and reaffirmed some ratings for Bank of America Corp. (NYSE:…
Anadarko Petroluem Corporation (NYSE:APC) has priced two tranches of senior notes, one of $500 million due 2014 at a coupon of 7.625% and the other of $600 million due 2019 at a coupon of…
Two years ago, Citigroup shares traded for $55. Last week, after the government said it might own as much as 36% of the company, the stock dropped to $1.40. Citigroup is about to become…
MBIA Inc. (NYSE: MBI) is set to report earnings Tuesday, before the market opens. As the market has slid further, this troubled “guarantor” has gone with it and has again hit new 52-week lows…
Clearly feeling the need to debase themselves further after their role in the subprime mortgage mess, the two major credit agencies are signaling that they will hold their ratings on AIG (AIG) steady once…
HSBC (HBC) proved two things as it raised just over $17 billion to offset substantial losses. The first is that a money center bank can still raise capital, even in a tight credit market.…