Schwab’s Numbers Down, But Now The Envy of Wall Street (SCHW)
Charles Schwab Corp. (NASDAQ: SCHW) results might not be that great compared to before, but they may be the envy of Wall Street. The online discount broker not only made money on a GAAP…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 253Citigroup (C): Two Businesses Need Two CEOs
Buried a bit in the news that the government had entered into a definitive agreement to share losses on $301 billion of Citigroup’s toxic assets and the announcement that the company lost $8.3 billion…
Citigroup (C): Rebuilt Against Its Will
The rehabilitation and restructuring of Citigroup (C) was supposed to take months, or maybe a year. The big bank got a cash infusion when it sold a part of Smith Barney to Morgan Stanley.…
The Winning Idea Of The “Bad Bank”
Now that Bank of America (BAC) has been given $20 billion more capital from the government in addition to about $118 billion in guarantees against toxic asset losses, the subject of whether the government…
Bank Of America (BAC) And The Incredible Disappearing TARP
Congress is fighting with both the administration that is leaving and the one that is coming about what should happen to the $350 billion left in the TARP. Most legislators do not seem to…
Merging The Mutual Fund Companies: Janus (JNS) And Alliance Bernstein (AB) Will Be Sold
Being in the mutual fund and institutional money management business is almost as bad as being in commercial banking. Several companies in the industry have lost half of their assets between redemptions and the…
Downgrading Hedgies, Private Equity & Financials (BX, FIG, GLG, IVZ, JNS, OZM, STD, TROW)
There is an interesting trend where Barclays has essentially cut its rankings on hedge fund and private equity operators. Here are the calls, plus a call elsewhere on a bank: Blackstone (NYSE: BX) Cut…
Why Citigroup (C) Never Mattered
Sandy Weill created Citigroup (C) because he wanted to run the world’s largest financial services company. He had lost this opportunity earlier in his career, but he did find a way eventually to get…
Level 3 Files Mixed Shelf, For Holders (LVLT)
Level 3 Communications, Inc. (NASDAQ: LVLT) has just filed a mixed securities shelf registration with the SEC that will allow the sale of securities. This filing pertains more to security holders of the company…
Citigroup (C) Brokerage Partnership With Morgan Stanley (MS) Is Done
Citigroup (C) and Morgan Stanley (MS) have agreed to combine Morgan Stanley’s Global Wealth Management Group and Citi’s Smith Barney, Quilter in the UK, and Smith Barney Australia into a new joint venture to…
Will Huntington Bancshares Raise Cash? (HBAN, HBANP)
Huntington Bancshares Incorporated (NASDAQ: HBAN) has filed a mixed-securities shelf registration with the SEC which will allow the company to sell securities and raise capital if it chooses. The company asked to sell an…
Citi Fesses Up On Smith Barney & Morgan Stanley Reports (C, MS)
Citigroup Inc. (NYSE: C) has issued a statement regarding the many news reports on the possible combination of Smith Barney with Morgan Stanley (NYSE: MS).
A Vicious Market Turns Against Citigroup (C), Again
Usually when there are rumors that management is being changed at a company, its shares go up. There are stories flying around Wall St. that the Citgroup (C) chairman Win Bischoff will be pushed…
Corporate Bankruptcies: The Next Hurdle For Banks
The list of problems that could hurt bank earnings is already pretty long. The first big problem was mortgage-backed securities. That was followed by consumer credit write-offs. Then came loans for commercial real estate.…
Rubin Out At Citi (C)
The WSJ first reported that famed ex-Treasury Secretary Bob Rubin will be leaving the board of directors at Citigroup Inc. (NYSE: C). This has now been confirmed in multiple reports elsewhere. This follows about…