Home » Archive for May, 2010
Fiserv (NASDAQ: FISV) Launches New Peer to Peer Payments Service, Hopes to Steal Thunder from PayPal (NASDAQ: EBAY)
Fiserv, Inc (NASDAQ: FISV) has announced a new peer to peer payments service which will be available to banks and credit unions, called ZashPay, which will allow users to send each other electronic payments without the use of an intermediary... More of this article »
Lending Club Now Offering 5-Year Peer to Peer Loans
Lending Club, a company which offers a peer to peer lending marketplace, has now begun offering 5 year unsecured loans to borrowers in addition to the 3 year loans which are standard among the industry. Lending Club Director of Product... More of this article »
AIG (NYSE: AIG) Green Lights $380 Million Compensation Plan For 2010
American International Group (NYSE: AIG) has approved a compensation plan that will payout $380 million to executives based on their performance, according to recent reports. The plan comes as the insurer works to find a balance... More of this article »
JP Morgan Chase (NYSE: JPM) Ups Bet On Gannett Co.
JP Morgan Chase (NYSE: JPM) has become the largest investor in newspaper publisher, Gannett Co. after acquiring more shares of the firm, giving it a total of 24.3 million, according to a regulatory filing. The additional purchase... More of this article »
Bank of America (NYSE:BAC) Joins Goldman Sachs (NYSE:GS), J.P. Morgan (NYSE:JPM) with No Trading Losses in First Quarter
Bank of America (NYSE:BAC) is the latest giant financial institution to announce it experienced no trading losses in the first quarter, making it three banks now claiming that distinction, including Goldman Sachs (NYSE:GS) and J.P.... More of this article »
Deutsche Bank (NYSE:DB) Reiterates “Buy” Rating on Citigroup (NYSE:C)
Deutsche Bank analyst Matt O’Connor reiterated a “Buy” rating on Citigroup (NYSE:C), along with his price target of $505, after meeting with Citigroup CFO John Gerspach on Monday. Much of O’Connor’s rating is based... More of this article »
Citigroup (NYSE:C) Likes DISH Network (NASDAQ: DISH), Maintains Buy Rating
Citigroup (NYSE:C) likes what it sees with DISH Network (NASDAQ:DISH), and maintained its ‘Buy’ rating on the company as a result. Quarterly earnings for the company exceeded analysts’ expectations, as they generated... More of this article »
Citigroup (NYSE:C) Sees Aluminum Prices Rising, Alcoa (NYSE:AA), Century Aluminum (Nasdaq:CENX) Would Benefit
Citigroup (NYSE:C) estimates the price of aluminum could rise almost 25 percent, benefiting aluminum giants like Alcoa (NYSE:AA) and Century Aluminum (Nasdaq:CENX). The projected price from Citigroup is predicated on what is called... More of this article »
Bank Of America (NYSE: BAC) Launches Disaster Relief Program For Tennessee Customers
Bank of America (NYSE: BAC) announced yesterday that is activating a disaster relief program in 42 Tennessee counties that have been designated as disaster areas by the Federal Emergency Management Agency due to mass flooding. The... More of this article »
Citigroup (NYSE: C) To Pay Director $350K For As Little As Three Weeks Of Consulting
Citigroup (NYSE: C) will pay one of its directors 350,00 for as little as three weeks of consulting work, according to recent reports. Robert Joss, a former Wells Fargo (NYSE: WFC) executive, has an annual consulting deal that calls... More of this article »
Goldman Sachs (NYSE:GS) Wins Every Trading Day For Quarter
Goldman Sachs (NYSE:GS) has proved once again why they’re the top investment bank in the world, as every trading day in the last quarter they generated a profit, something they had never done before. The metric used was where... More of this article »
Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) Fighting Derivatives Provision
Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC). the five banks benefiting the most from trading derivatives, are out in full force to fight against the... More of this article »
Citigroup (NYSE:C) Reaffirms Bank of America (NYSE:BAC) “Buy” Rating
Citigroup (NYSE:C) released a research report today reaffirming their “Buy” rating on Bank of America (NYSE:BAC). In the report, Citigroup gave their reasoning as this: “.,. we believe BAC represents the best value... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM) and Morgan Stanley (NYSE:MS) All Surge on News of $1 Trillion Loan Package
Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), JP Morgan (NYSE:JPM) and Morgan Stanley (NYSE:MS), along with numerous other company stocks, have surged upward on the news the European Union will be offering... More of this article »
Bank of America Corp (NYSE: BAC) Political Donations Swing from Left to Right
Bank of America Corp (NYSE: BAC) is switching directions with its political contributions and has given far more cash to Republican congressional candidates than to Democrats for the 2010 mid-term elections, according to data from... More of this article »
Bank Of America (NYSE: BAC), Citigroup (NYSE: C) To Take Charge For U.K. Bonus Tax
Bank of America (NYSE: BAC) and Citigroup (NYSE: C) reported in regulatory filings that second quarter earnings will likely take a large hit due to a tax imposed on bonus compensation by the United Kingdom. The tax, which was implemented... More of this article »
Lending Club Extends Photo Contest Deadline
Lending Club, a company which offers a peer to peer lending marketplace, has extended a contest that they are running to collect backgrounds for their new homepage to May 31st. The contest was originally scheduled to end on April 30th. Lending... More of this article »
Peer to Peer Lender Prosper.com Implements New Loan Servicing Platform
Prosper.com, a company which offers a peer to peer lending marketplace, has implemented a new loan servicing platform which “involved the integration of more than 2 million loan based transactions”, according to a statement... More of this article »
Bank of America Corp (NYSE: BAC) and Citigroup, Inc (NYSE: C) to Pay $865 Million in U.K. Bonus Taxes
Bank of America Corp (NYSE: BAC) and Citigroup, Inc (NYSE: C) will pay a combined $865 million to cover a new U.K. tax on employee bonuses as the British government seeks to mitigate public outcry over its bank bailout. Bank of America... More of this article »
Bank of America (NYSE:BAC) on British Tax and Exposure to Greece
In a securities filing today, Bank of America (NYSE:BAC) talked about the cost of the British tax on bank bonuses and what it would cost them, along with their exposure to the Greece sovereign debt crisis. Concerning the British... More of this article »
Bank Of America (NYSE: BAC) Settles Countrywide Class Action Suit For $164 Million
Bank of America’s (NYSE: BAC) Countrywide Financial Corp agreed to a $624 million settlement on Friday over a lawsuit that claimed the mortgage lender mislead investors about its lending methods. The deal was struck with the New... More of this article »
Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C) and J.P. Morgan (NYSE:JPM) Help HCA Ready IPO
The largest operator of hospitals in the U.S., HCA, with the management aid of Bank of America (NYSE:BAC), Citigroup Inc. (NYSE:C) and J.P. Morgan (NYSE:JPM), filed plans today for their IPO, which is estimated to raise about $4.6... More of this article »
Citigroup (NYSE:C) Chief Economist Says EU Governments are “Wimps” in Response to Greek Sovereign Debt Bailout
Chief economist of Citigroup (NYSE:C) Willem Buiter said governements in the European Union are “wimps” because of how long it’s taking them to bail out Greece. At the Council of Foreign Relations in New York, Buiter... More of this article »