Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion the economy.…
Almost all of the stress tests for America’s 19 largest banks demonstrated the financial companies possess adequate capital to survive an economic event similar to the Great Recession. One exception was Citigroup (NYSE: C). Citi has had over two years…
Douglas A. McIntyre J.P. Morgan Chase & Co. (NYSE: JPM) has raised its dividend as we expected. Good news on the surface, but a true disappointment in reality. The bank has declared a quarterly dividend…
The next wave of stress tests on the U.S banks is due to come out by the end of this week. The Federal Reserve is expected to show that bank balance sheets…
Short sellers reduced their positions in major financial firms and their positions in major tech stocks were divided, based on data from the NYSE and Nasdaq for the period that ended February…
The Fed is unlikely to act with bond purchases if February unemployment figures are good. (Reuters) Low inflation in China could drive banks there to ease capital requirements to increase credit access.…
The next wave of stress tests on the U.S banks is due in the coming week. While many of the banks have reportedly been asking regulators to be less transparent, there are some…
Richard “Dick” Parsons, former CEO of Time Warner (NYSE: TWX), will leave his post as Chairman of Citigroup (NYSE: C). Many observers believe he stayed far too long. Most of the Citi board…
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press…
Jon OggThese are some of this Monday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. American Campus Communities Inc. (NYSE: ACC) Raised to Buy at Argus. American Electric…
The nation’s biggest banks are losing customers to smaller local competitors according to a recent survey by J.D. Power and Associates. Between 10% and 11.3% of 5,000 surveyed customers at large, regional,…
President Obama may propose a new corporate tax rate. (Reuters) The U.S. Consumer Financial Protection Bureau will examine overdraft fees. (Reuters) Apple (NASDAQ: AAPL) will hold its annual meeting with the company in…
Flickr, Images of MoneyA recent report on foreclosure abuses in San Francisco has dimmed the excitement of a settlement of foreclosure abuses among banks, the federal government and state attorneys general. The amount of that…
Citigroup Inc. (NYSE: C) has agreed to pay $158 million to settle a lawsuit in which the bank admitted to defrauding a federal insurance program out of millions of dollars. The payment…
Paul Ausick Following a poor fourth-quarter earnings report, Britain’s Barclays plc (NYSE: BCS) will join other big banks like Deutsche Bank AG (NYSE: DB), Morgan Stanley (NYSE: MS), Credit Suisse AG (NYSE: CS), Citigroup…
