Yesterday, the Federal Reserve reported that 9 out of 10 bank holding companies that were required to raise additional capital to bolster their balance sheets have successfully done so. The Supervisory Capital…
It has been some time in the making and won’t be the last IPO or divestiture out of Citigroup Inc. (NYSE: C). The company is proceeding to divest its Primerica Inc. via…
Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds (FT) The stock market is at risk of not holding 10,000. (TheStreet) AIG (NYSE:AIG) will not hold a…
Reuters: The Wall St. insider trading probe lead to another 14 arrests. Reuters: Fannie Mae (NYSE:FNM) lost $19 billion and asked Treasury for money. Reuters: GM is readying its plans for Opel…
It is of little surprise that CIT Group, Inc. (NYSE: CIT) is seeing clobbered today. The company has finally filed its pre-packaged Chapter 11 bankruptcy package and that has CIT shares down…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more cash. Reuters: …
Updated throughout the day. Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC) Updated 10.24 AM EST: Cisco…
A new analysis from The Wall Street Journal shows that pay czar Kenneth Feinberg raised the salaries of most of the executives over which he has jurisdiction. The paper reports that base…
Short interest in a number of major financial firms rose for the period ending October 15. Shares short in Citigroup (NYSE:C) rose 51% to 178.1 million. The short interest in CIT (NYSE:CIT)…
Bankers have become more and more adroit at shooting themselves in the foot this year. Congress, the Administration and the public are already upset by actions that they believe caused the credit…
Reuters: Corporate directors are on the hot seat over management pay. Reuters: The US healthcare system wastes up to $800 billion a year. Reuters: Capmark Financial filed for bankrupcy. Reuters: The land…
The Troubled Asset Relief Program inspector Neil Barofsky has almost nothing good to say about the way the Treasury has handled the TARP. He released his latest report to Congress today. His…
Reuters: US corporations are concerned about the weakness of the dollar. Reuters: Bernanke says that global imbalances in trade and cash flows must be addressed. Reuters: Wal-Mart (NYSE:WMT) is attacking new markets…
Calling for more and more gains after what we have seen in the troubled financial sector is a tough call on the surface. Yet, that is what Rochdale’s Dick Bove is calling…
Goldman Sachs Group Inc. (NYSE: GS), Citigroup, Inc. (NYSE: C), and The Charles Schwab Corporation (NASDAQ: SCHW) have all reported earnings. All came in above or in-line with estimates and there is…
