J.P. Morgan Chase & Co. (NYSE: JPM) is in the news today because CEO Jamie Dimon issued a scathing letter to shareholders that effectively is attacking the current political climate in Washington…
Citigroup Inc. (NYSE: C) or Primerica Inc. (NYSE: PRI)?… The answer is both or either. The financial supermarket is about to have one less aisle. Citi is spinning off the life-insurance and…
Reuters: Peabody Energy made a bid for Australia’s Macarthur Coal. Reuters: Some Yahoo! (YHOO )email accounts were hacked in China and Taiwan. Reuters: Japan export orders hit a six-year high.
Ireland decided to create the national “bad bank” after the credit crisis, a move the US government considered but rejected. The fate of that decision has come to haunt the small nation,…
Updated throughout the day. Morgan Stanley (MS) will underwrite the sale of the government’s piece of Citigroup (C) (CNBC) JP Morgan’s (JPM) One Equity Partners unit will take CKS private. (WSJ). The…
The federal government may sell its stake in Citigroup (C) at a profits of about $8 billion, according to The Washington Post. But, a sale of the stake, about 27% of the…
Douglas A. McIntyre Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed…
Updated throughout the day. The Treausury Department may begin to sell its 27% stake in Citigroup (C) (Bloomberg) Billionaire Nelson Peltz will not try to buy CKE Restaurants, owner of the Hardee’s and…
Douglas A. McIntyre Reuters: EU leaders are divided on Greece before their summit. Reuters: Changes in the health care bill will go back to the House. Reuters: China described interest rates as a “heavy-duty weapon”…
Reuters: Google (GOOG) risks China’s wrath by its challenge to censorship Reuters: China expressed both regret and anger at Google’s move. Reuters: The head of the Chicago Fed said the agency will…
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) is a smart enough company that it should have known better about one issue. It was smart on another. The troubled online broker has finally announced it…
Jon C. Ogg One analyst who looked at the credit card delinquency rates for February noted that the figures appeared to be improving, but that they might be seasonal. It is another way of saying that they might…
Citigroup (C) CEO Vikram Pandit, recently hailed for turning the bank around after over a year of being blamed for its demise, only made $128,751 last year in total compensation, down from…
Douglas A. McIntyre Updated throughout the day. Citigroup (C) may earn $20 billion in 2012 (FT) Macquarie Group, Australia’s largest investment bank, is on the hunt for more U.S. assets. (Bloomberg) Regulators have told Bank…
Reuters: BP (BP) bought Devon for $11 billion to get access to its oil fields. Reuters: Toyota (TM) give a Senate panel a memo from a union seeking better quality control. Reuters: …
