According to Reuters, Congress is ready to pass the stimulus package. Reuters reports that Chinalco is putting $17.5 billion into Rio TInto (RTP). Reuters reports that Wall St. CEOs were attacked by…
There is not going to be much positive press today about the U.S. banking sectors. The top CEOs of America’s banks are going to testify before the House Financial Services Committee. Despite…
Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over executive…
When Bank of America (BAC) bought Merrill Lynch, one huge retail brokerage team was married with a smaller one. Morgan Stanley (MS) will probably take over the Smith Barney unit of Citigroup…
According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval. Reuters reports that January…
According to Reuters, Republican may keep fighting Obama on the stimulus package. Reuters reports that Roche dropped its bid on Genentech (DNA) to $42 billion. Reuters writes that the Administration will release…
These are some of the top pre-market analyst upgrades we have seen early this Monday morning with more than two and a half hours to the market open: GlaxoSmithKline (GSK) Started as…
The conventional wisdom was that 2008 would be the worst year for bank losses in years, but that it would be the bottom. The damage of mortgage-backed securities has moved into the…
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…
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).
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…
According to Reuters, Citigroup (C) is near a deal to form a venture putting its brokerage business together with the one at Morgan Stanley (MS) Citi would be paid about $2 billion.…
No one seems to have liked that way SEC chief Christopher Cox handled his job during the financial crisis. Congress thought he should have done more to keep banks and investment houses…
According to MarketWatch, "Standard & Poor’s cut the credit rating or outlook of 12 major U.S. and European financial institutions Friday, saying the move reflected its view of the significant pressure on…
Citigroup Inc. (NYSE: C) is getting a more "in-line" view from analyst and fan Dick Bove of Ladenburg Thalmann. Bove is capitulating at least a bit with the admission that the quarter…
