Home » Archive for April, 2010
Regulators Fine Citigroup (NYSE: C) For Disclosure and Supervisory Violations
Citigroup (NYSE: C) has been fined $650,000 for disclosure and supervisory violations by the Financial Industry Regulatory Authority (FINRA) in the regulator’s first action involving a broker-dealer stock borrow program, according... More of this article »
Citibank (NYSE: C) Appoints New head of Citibank Singapore
Citibank (NYSE: C) has appointed Michael Zink as its new country head for Citibank’s Singapore operations. Mr. Zink, age 51, will oversee the New York-based bank’s institutional clients group, consumer banking and global... More of this article »
Wells Fargo (NYSE: WFC) Reaches Settlement with Raymond James Financial Inc
Raymond James Financial Inc said on Tuesday that it has reached a settlement in a case with Wells Fargo (NYSE: WFC) relating to brokerage raiding. Wells Fargo accused Raymond James of improperly poaching advisors of Wachovia, now owned... More of this article »
Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS) Re-Rate Office Max (NYSE: OMX)
Citigroup reiterated its “Buy” rating on Office Max (NYSE: OMX), saying that the valuation for the company is still attractive, but Goldman Sachs’ most recent analysis of the company believes that the company has... More of this article »
Bank of America Promises Faster Loan Modifications (NYSE: BAC)
Bank of America (NYSE: BAC) says that it will respond to mortgage modification requests by customers and credit counselors within 72 hours, under a new program that is expected to launch within the next 90 days, according to a new... More of this article »
Does Dick Bove’s Earnings Outlook Spell Trouble For Big Banks Like Bank Of America (NYSE: BAC)?
Well known banking analyst Dick Bove warned in a CNBC interview on Wednesday that earnings from the banking sector will likely disappoint in the first quarter. Bove, a financial strategist at Rochdale Securities, believes the expectations... More of this article »
J.P. Morgan (NYSE:JPM) Entering Corporate Banking Sector of India
With a number of Business services ready to launch in India, JP Morgan (NYSE:JPM) is about to tackle the challenge of creating a sustainable business model in the country concerning that growing market. Included in their services they... More of this article »
Bank of America (NYSE:BAC) May Cut Ties with Massey Energy (NYSE:MEE)
As scrutiny continues to be on Massey Energy (NYSE:MEE) in relationship to the tragic explosion which resulted in 25 deaths of miners in West Virginia, companies like Bank of America (NYSE:BAC) are under increasing pressure to break... More of this article »
Everyone at Citigroup (NYSE:C) Missed CDO Risk
At a hearing today, executives from Citigroup (NYSE:C), and former executives, gave testimony concerning the CDO holdings of the company, and so far have revealed everyone at the company, and those consulting them, missed the risks... More of this article »
JPMorgan Chase (NYSE: JPM) Tells Customers to Stop Making Mortgage Payments, Lawsuit Says
JPMorgan Chase & Co (NYSE: JPM) is being sued in for allegedly instructing homeowners to stop making payments on their mortgage so that they could be considered for a loan modification and then repossessed the homes when the... More of this article »
Capital One (NYSE: COF) Study Says Small Businesses Believe Economy is Steady
Capital One’s (NYSE: COF) small business banking unit released a new survey on Tuesday indicating that 73% small businesses across the country believe that the economy will stay the same or improve during the next six months. The... More of this article »
Visa Expands “Savings Edge” Small Business Savings Program (NYSE: V)
Visa (NYSE: V) announced yesterday that it has expanded its small business savings program, SavingsEdge, to include a number of new retailers including Staples, Orbitz, USA TODAY, La Quinta Inns & Suites and Box.net. Visa’s... More of this article »
Citigroup (NYSE: C) Set To Release Earnings on April 19th
Citigroup (NYSE: C) is set to release its first quarter earnings results before the market opens on Monday, April 19th. During the fourth quarter of last year, Citigroup left investors disappointed by posting a negative earnings per... More of this article »
Citigroup (NYSE: C) in Financial Crisis Inquiry Commission Hot Seat
A panel tasked with identifying the causes of the financial crisis will interview current and former executives of Citigroup (NYSE: C) this week about the bank’s involvement in bringing in trillions of dollars worth of high-risk... More of this article »
Citigroup (NYSE: C) Cuts Earnings Estimates On Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS)
Shares of Wall Street banks Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) held up on Tuesday despite seeing first quarter earnings estimates cut by analysts at Citigroup (NYSE: C). Stocks for both firms finished the session... More of this article »
Ford, Lincoln and Mercury Sales up 43% Compared to March 2009 (NYSE: F)
Sales of Ford, Lincoln and Mercury vehicles totaled 178,546 for the month of March, a 43% increase compared to the same month one year ago. Ford sales rose 46% versus on year ago, Lincoln sales increased 19% compared to one year ago... More of this article »
Bank of America (NYSE: BAC) Set to Report Earnings on April 16th
Bank of America (NYSE: BAC) is set to report its first quarter 2010 earnings results before the market opens on Friday, April 16th. During the fourth quarter of 2009, Bank of America left investors relatively disappointed by reporting... More of this article »
Citibank Announces “Our Promise to California and Nevada” (NYSE: C)
SAN FRANCISCO–(BUSINESS WIRE)–Citibank today announced the launch of “Our Promise to California and Nevada” to reinforce the bank’s strong and ongoing commitment to the communities it serves... More of this article »
Morgan Stanley (NYSE:MS) Calls InterOil (NYSE:IOC) ‘Long Research Tactical Idea’ – Stock Surges
After Morgan Stanley (NYSE:MS) analyst Evan Calio called InterOil (NYSE:IOC) a ‘Long Research Tactical Idea,’ the stock surged by over 4 percent, and while pulling back a little, still is up by over 3.5 percent as I write. Morgan... More of this article »
Are Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) the Banks to Invest in?
We can’t escape the hoopla surrounding the alleged recovery of banks like Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), Goldman Sachs (NYSE:GS), JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC), but the question must be... More of this article »
Ford (NYSE: F) Foundation Launches Supporting Diverse Art Spaces Initiative
The Ford (NYSE: F) foundation has announced plans to create and support new art facilities across the country in a new plan called the Supporting Diverse Art Spaces Initiative. Ford’s foundation plans on donating more than $100... More of this article »
Has Citigroup (NYSE:C) Really Turned Around?
From an investors point of view, the positive news about Citigroup (NYSE:C) and the alleged turnaround of the company is worrisome, as there is far too much hype about the great job chief executive officer Vikram Pandit has done at... More of this article »
Former Citigroup (NYSE: C) Employee Suing for Sexual Discrimination
Former Citigroup (NYSE: C) employee Dorly Hazan-Amir is suing the New York-based bank in a sexual discrimination lawsuit. According to a report from the Telegraph, Hazan-Amir alleges that she received lower pay and bonuses than her... More of this article »