Last October, Bank of America (BAC) cuts its dividend in half to $.32. Citigroup (C) has taken its down to a penny a share. There are not may reasons to invest in…
People who get to the end of 2008 and are still at work can be thankful. The unemployment rate will probably be over 7%. That does not count the people no longer…
Most members of Congress are still remarkably upset that Paulson too the first half of the TARP money and used it for purposes much different than the ones he first set out.…
Henry Paulson wants the $350 billion still left in the TARP funding from Congress. He says the last part of the first $350 billion is going to Detroit. His logic seems to…
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…
Just when credit card issuers from Mastercard (MA) to Citigroup (C) need the extra money due to deadbeats, the federal government is going to make it hard for them to get it.…
As if Citigroup Inc. (NYSE: C) had any real strength to its ratings, Moody’s has downgraded Citigroup’s senior debt. Interestingly, Moody’s says that this downgrade was moderated by the expecation that Citigroup…
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…
America is short on czars. The ones in charge of energy, the war on drugs, intellectual property, and, perhaps, cars are not enough. The one segment of the economy that has needed…
Citigroup (C) will probably merge its commercial bank and investment bank. That makes sense. They both serve corporate customers. Investment banking fees are down and so is corporate lending. Efficiency is the…
Douglas A. McIntyre According to Reuters, the Fed may need to use a trillion dollars to halt the economy from moving into a period of deflation. Reuters reports that OPEC will make the largest production…
Despite all the capital the Treasury has put into large US banks, their stocks may be about to make new multi-year lows. While the housing market is still hurting their derivative holdings,…
Schwab (SCHW) said that trades by its customers dropped 18% from October to November falling to "408.0 thousand", as the firm likes to put it. The market still seems volatile. All that…
Douglas A. McIntyre A man runs from a burning house covered with soot and with his hair and clothing aflame. A fireman stops him and asks, "What was your strategy for coming out of the…
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the…
