The Treasury Department website is dominated by a headline that reads “Tarp Bank Programs Make Money.” The assertion has been challenged by the Congressional Budget Office. The fact that the statement might…
Douglas A. McIntyre Jon OggInvestors are still trying to key off of which banks can and cannot hike their dividends under Federal Reserve approval. In short, it is the healthy versus the unhealthy. We have…
It’s “The Daily Dividend.” Bank of America Corporation (NYSE: BAC) is getting hit this morning on news that the Federal Reserve denied a request by the largest bank by deposits to increase…
The Federal Reserve made a profit last year. It turned $79 billion of its $82 billion in “comprehensive income” over to the Treasury. The agency is an island of profit in the…
Japan may need to work with the G7 to keep the yen low. (Reuters) Sony (NYSE: SNE) factories and Rio Tinto (NYSE: RTP) expansion plans were hurt by the earthquake’s aftermath. (Reuters)…
Citigroup Inc. (NYSE: C) is announcing something that we are a bit surprised about this morning. It is not quite a shell game, but it is a strategy that rarely works well…
Jon C. Ogg Updated throughout the day. LivingSocial will raise money at a $2 billion valuation (Bloomberg) Zillow has hired Citigroup (NYSE: C) to handle its IPO Douglas A. McIntyre
Douglas A. McIntyre The Congressional Oversight Panel, which was established by Congress in late 2008 to oversee the $700 billion Troubled Asset Relief Program (TARP), today released its 30th and final oversight report. Among its…
Douglas A. McIntyre It was just two years ago today that the U.S. markets reached an absolute bottom. Investors were reeling and the public was literally getting ready for a breakdown of the system. After…
Jon OggThis last week had some key analyst calls that either stood out from the pack, showed some key insight, or which moved shares more than just a garden variety upgrade or…
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Updated throughout the day. The SEC is examining the structure of small bank loans to see whether they mask weak balance sheets (WSJ) Blackrock may buy a Citigroup (NYSE: C) consumer credit…
The Treasury expects $6.4 billion from the sales of AIG’s (NYSE: AIG) sale of its MetLift share (Reuters) The government is examining a number of small banks to see if they restructured…
Ben Bernanke may indicate to Congress that the recovery is tentative and that the $600 billion QE2 program is still necessary. (Reuters) Future US auto sales may be undermined by high gas…
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
