The world’s largest producer of crude oil and its largest exporter of crude could become a net importer of crude in the next 20 years according to an analyst at Citigroup Inc.…
Paul Ausick Moody’s is panning the U.S. banking sector yet again. In an updated credit profile on Tuesday, Moody’s said, “The outlook for the US banking system remains negative, with ongoing challenges in the operating…
Research firm SNL Financial has released its list of the top 50 U.S. banks at the end of the second quarter of 2012. The eleven largest banks are JPMorgan Chase & Co.…
Moody’s cuts its growth forecast for emerging economies. (MarketWatch) Antony Jenkins, who runs Barclays PLC’s (NYSE: BCS) retail business, is made chief executive. (Reuters) Samsung launches new Microsoft Corp. (NASDAQ: MSFT) Windows-based…
Citigroup Inc. (NYSE: C) is increasing its debt repurchases. The banking giant said that it is upsizing the principal amount of the notes to be accepted for purchase under cash tender offers…
Jon C. Ogg The short interest in bank stocks looks to be one where investors and speculators are easing up on their attacks of the quality banks if you review the short interest changes from…
The hedge fund business might not be so easy after all, even for billionaires. Reports are out today citing ‘people close to the situation’ that Citigroup Inc. (NYSE: C) via its private…
Jon C. Ogg Citigroup Inc. (NYSE: C) does not feel it is being dealt fairly with in the matter of losses that arose from the Facebook Inc. (NASDAQ: FB) initial public offering. The bank believes…
Best Buy Resumes Talks with Founder Even with a new CEO on the way, the Best Buy Co. Inc. (NYSE: BBY) board continues to hedge bets about the firm’s future. Founder Richard…
The Federal Reserve signals it may ease monetary policy as early as next month. (Reuters) HSBC China PMI estimates hit a multimonth low at 47.8, down from 49.3 in July. (Reuters) Hewlett-Packard…
While M&A activity might be slower this year than it was last, there is one buyer that has picked up the pace. Actually, a number of buyers from one country: China. And…
The International Monetary Fund and World Bank do not think the rise in food prices will bring a global financial crisis. (Reuters) Apple Inc. (NASDAQ: AAPL) is the largest company by market…
The press recently had a field day with a report from the “Institute for Policy Studies” about executive pay. The report said the of the 100-highest paid U.S. CEOs in 2011, “26…
Twenty-six of the top 100 highest-paid U.S. CEOs in 2011 made more than their companies paid in federal income taxes, according to a study released recently by the Institute for Policy Studies. This figure is up from…
Standard Chartered continues to seek an agreement with the U.S. government to settle money laundering charges. (Reuters) The new Samsung tablet has a unique split screen technology. (Reuters) A judge presses for…
