Home » Archive for March, 2010
Wells Fargo (NYSE: WFC) Announces “African American Media Tour”
Wells Fargo & Co (NYSE: WFC) announced that it will launch a series of events in cities across the United States in which Wells Fargo executives will meet with African American journalists at invitation-only luncheons, beginning... More of this article »
Wells Fargo (NYSE:WFC) and JPMorgan Chase & Co. (NYSE:JPM) Part of $225 Million USEC (NYSE:USU) Credit Deal
Nuclear energy is back as a growth industry, and in preparation for the numerous nuclear projects in the pipeline, USEC (NYSE:USU) has secured a new line of credit with Wells Fargo (NYSE:WFC) and JPMorgan Chase & Co. (NYSE:JPM)... More of this article »
Bank of America (NYSE:BAC) CEO Brian Moynihan Will Vote for Barney Frank in Upcoming Election
In a recent television interview, Bank of America (NYSE:BAC) Chief Executive Officer Brian Moynihan stated he will vote for Barney Frank in the upcoming election he faces, saying he liked how he handled both banking and consumer challenges... More of this article »
Citibank (NYSE:C) Analysts Concerned Over East African Politics and Effects on Economies
There’s no doubt politics plays a part in all countries, but when you extend it to emerging markets, it’s even more important, and that has raised concerns from Citibank (NYSE:C) analysts who are looking at a number of... More of this article »
44 Year Old Trial Set to Begin against Citibank (NYSE: C)
A legal case against the precursor to Citibank and Citigroup (NYSE: C) relating over a school construction project in Okinawa, Japan dating back to 1966 is now finally headed for trial. A New York state appeals court re-instated claims... More of this article »
Citigroup (NYSE: C) CEO Vikram Pandit Begins Blogging
Citigroup (NYSE: C) Chief Executive Vikram Pandit has begun writing blog posts for a new website that the troubled-bank has launched in an attempt to acquire better media coverage. The blog, called “New.Citi.Com” hopes to share... More of this article »
Is Moynihan Enough? Bank of America Corp. (NYSE: BAC) Shares are Outperforming Key Rivals
Shares of Bank of America (BAC) have risen impressively, and implausibly, off of their lows at the height of the financial crisis. Many analysts cite new CEO Brian Moynihan as a key reason for the stock’s performance. Moynihan has... More of this article »
HSBC (LON:HSBA) Says Investment Banking Profits to Surge
The investment banking unit of HSBC (LON:HSBA) has grabbed a good chunk of business from its competitors during the economic crisis, and consequently should generate profits of about $6 billion annually on a regular basis, according... More of this article »
Treasury Department Sets Date For Bank Of America (NYSE: BAC) Warrant Sale
The U.S. Treasury will recoup more taxpayer money in the coming days as it has designated a date and time that warrant securities it holds on Bank of America (NYSE: BAC) will be auctioned off, an event that should raise well in excess... More of this article »
Former Mexican President Zedillo Headlines Changes to Citigroup (NYSE: C) Inc. Board of Directors.
In an attempt to regain shareholder confidence, Citigroup Inc. (C) announced changes to their board of directors. The moves were announced by Citigroup chairman Richard Parsons who began the turnover of the financial giant’s board... More of this article »
AIG (NYSE: AIG) Selling Asian Insurance Unit To Prudential For $35.5 Billion As It Works To Repay TARP
American International Group (NYSE: AIG) announced Monday it is selling AIA Group, Limited to Prudential plc for $35.5 billion in a cash and stock deal. The move is the latest in the insurer’s restructuring plan to raise cash and... More of this article »
JP Morgan Chase Spent $3.1 Million Lobbying During Q3 and Q4 2009.
JP Morgan Chase & Co (NYSE: JPM), one of the largest banks in the United States, spent a total of $3.1 million lobbying the federal government during the third and fourth quarters of 2009. Most of JP Morgan’s lobbying efforts... More of this article »
US Bank (NSE: USB) Donates $1 Million to Ohio State University
U.S. Bank (NYSE: USB) has donated $1,050,000 to Ohio State University that will benefit the OSU’s student organizations and campus as a hole. Ohio State will receive a name recognition on the university’s new conference theater... More of this article »
Citigroup (NYSE:C) Projects $600 Million in Losses from New Credit Card Laws
With the official implementation of the Credit CARD Act last week, it has caused companies like Citigroup (NYSE:C) to prepare their shareholders for expectant losses as the consequence of the Act, which Citigroup says will probably... More of this article »
Goldman Sachs (NYSE:GS): Chile Earthquake to Dampen 2010 GDP Growth
The devastation from the earthquake in Chile will cause economic expectations in the country to be revamped as it attempts to pull out of the global recession in 2010, said Goldman Sachs (NYSE:GS). This isn’t what the new conservative... More of this article »
Wells Fargo (NYSE:WFC) Senior Economist: “Growth is going to be much more dependent on the private sector”
The recent disastrous economic reports for the U.S. Labor Department and Commerce Department confirmed the economy in the U.S. is far from turning around, and in fact the data show it’s struggling to wean itself form government... More of this article »
Wells Fargo (WFC) and JP Morgan Chase (JPM) To Provide Funding for Nuclear Energy
Wells Fargo & Co (NYSE: WFC), JP Morgan Chase (NYSE: JPM) and UBS AG have extended a line of credit to USEC Inc (NYSE: USU), a company that provides supplies and materials for nuclear power plants. USEC Inc, based on Maryland,... More of this article »
Goldman Sachs Rejects Shareholder Demands on Pay Issues (NYSE: GS)
Goldman Sachs Group (NYSE: GS) said that its board of directors has rejected a demand from shareholders to investigate the investment bank’s “excessive compensation” packages and to attempt to recoup some of the awards given... More of this article »
Bank of America (NYSE:BAC) Pays Thomas Montag $29.9 Million in 2009
Bucking against the executive-pay grain, Bank of America (NYSE:BAC) raised a few eyebrows when they announced they had paid president of their global banking and markets unit, Thomas Montag, $29.9 million in 2009, diverting from the... More of this article »