Banking, finance, and taxes
2199 Articles
The most charitable thing that can be said about Vikram Pandit, the CEO of Citigroup (NYSE:C) since December 11. 2007, is that…
Updated throughout the day. Updated 12.43 PM EST: Apple may hire its own video game developers to create iPhone and…
John Paulson is rather notorious, and wealthy, for how much he picked up by shorting financial stocks on the way…
Short sellers have bought into the notion that the financial industry is in full recovery. Shares sold short in Wells…
Updated throughout the day. Updated 10.30 AM EST: Oracle (NASDAQ:ORCL) believes that EU authorities may try to block its buy-out of…
Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level…
Updated throughout the day. Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write…
The SEC missed a number of signals in the Bernie Madoff case. Some concerns were raised by his clients and Barron’s…
Reuters: The US economy is stable but risks remain according to Geithner. Reuters: JPMorgan (NYSE:JPM) raised concerns about Galleon in…
Updated throughout the day. Update 12.05 PM EST: UBS (NYSE:UBS) may spin off PaineWebber (Breakingviews) GMAC has asked the Treasury…
Short interest in a number of major financial firms rose for the period ending October 15. Shares short in Citigroup…
Pay czar Kenneth Feinberg has already effectively clipped the compensation wings of Bank of America (NYSE:BAC) CEO Ken Lewis by taking…
Former Fed chief Paul Volker has argued that America’s largest banks should be broken up to prevent a situation in which another…
Reuters: China is having trouble managing supply and demand. Reuters: Geithner said the core programs of the TARP are ending.…
It has taken the DJIA a little over 32 weeks to move from 6,547 to just over 10,000, a move…
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