Home » Archive for August, 2010
UBS (NYSE: UBS) Hires JPMorgan (NYSE: JPM) Executive for European Wealth Management Unit
UBS (NYSE: UBS) has named JPMorgan Chase & Co. (NYSE: JPM) veteran Jakob Stott as the new head of its European wealth management division, the latest new executive appointment as part of CEO Oswald Gruebel’s reorganization of... More of this article »
Citibank (NYSE: C) to Increase Asia Securities and Funds Staff by 10-12%
Citibank’s (NYSE: C) securities and fund services unit in Asia plans to expand its base of staff by 10% to 12% during the next year as the company’s asset management business in the region grows quickly. Executives at the Citibank... More of this article »
Citibank (NYSE: C) and Bank of America (NYSE: BAC) to Serve as Lead Underwriters for General Motors IPO
Bank of America Corp (NYSE: BAC)’s Merrill Lynch division and Citibank (Citigroup, Inc (NYSE: C)) has been added to General Motors’ list of lead underwriters for its initial public offering, according to a media reports on Friday. Analysts... More of this article »
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This article was written by Andrew Clark in New York, for guardian.co.uk on Sunday 15th August 2010 23.36 UTC The blood-sucking menace that has infiltrated Manhattan’s skyscrapers has taken another scalp, after the headquarters... More of this article »
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This article was written by Andrew Clark, New York, for guardian.co.uk on Tuesday 16th February 2010 18.27 UTC A former Minnesota farm boy who began his working life as a baker has become America’s highest-paid banking boss by... More of this article »
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This article was written by Andrew Clark, for guardian.co.uk on Monday 1st March 2010 20.24 UTC They’re not all overpaid. One Wall Street banking boss, Citigroup’s chief executive Vikram Pandit, has embraced austerity by... More of this article »
Citibank (NYSE: C) Offering up to $400 Bonus for New Account Holdings
Citibank (NYSE: C) is offering up to $400 for those that live in Los Angeles and open an account with the New York-based bank. Anyone that opens a regular checking account with Citibank will be automatically eligible for a $200 bonus.... More of this article »
BBVA Compass Offers SmartyPig Customers $150 In Cash
BBVA Compass, which recently entered into a business agreement with SmartyPig, is offering SmartyPig customers $150 in cash for opening a new checking account. If you’re not familiar with SmartyPig, it’s a goal based savings account... More of this article »
Wells Fargo & Co. (NYSE: WFC) Cuts Off Mountaintop Removal Mining Companies
Wells Fargo & Co. (NYSE: WFC) joined a number of other banks in restricting the money that it loans to companies which practice mountaintop removal, a controversial mining practice which blows the tops off of mountains and dumps... More of this article »
Citigroup, Inc (NYSE: C) Becomes Next Apple (NASDAQ: AAPL) iAd Advertiser
Citigroup, Inc (NYSE: C) has joined the list of advertisers which are making use of Apple’s new iAd advertising platform which serves mobile ads to iPhone, iPod and iPad users. Citibank’s iAd allows users to indirectly install... More of this article »
Double Dip Recession 30% Likely, Goldman Sachs Group Inc. (NYSE: GS) Says
Goldman Sachs Group Inc. (NYSE: GS) analysts said that there’s a 25% to 30% change that the U.S. will fall into a double dip recession in a research note to investors on Friday. Goldman Sachs Senior U.S. Economist Ed McKelvey said,... More of this article »
Bank of America Corp (NYSE: BAC) Sells $44 Million in Structured Notes
Bank of America Corp (NYSE: BAC) announced that it has sold $44 million worth of structured notes which pay more interest when long term rates exceed short term rates. The 20 year notes were sold on August 10th and pay an interest... More of this article »
Citigroup, Inc (NYSE: C) to Hire 1,300 in Asia Securities Unit
Citigroup, Inc (NYSE: C) announced that its securities and fund services division in Asia would expand its staff by 1,300 during the next 12 months as the company’s asset management business in the region is growing quickly. The... More of this article »
Capital One (NYSE: COF) and Bank of America (NYSE: BAC) Showing Greater Transparency to Credit Card Applicants
In a recent study by CardHub.com, Capital One (COF) and Bank of America (BAC) came in first and second in terms of disclosing essential information to consumers on their credit card applications. One of the primary catalysts for the... More of this article »
FINRA Fines Morgan Stanley (NYSE: MS) $800,000 for Failing to Disclose Conflicts of Interest
The Financial Industry Regulatory Authority fined Morgan Stanley (NYSE: MS) $800,000 for failing to adequately disclose conflicts of interests on the part of its research analysts. The industry regulatory found that between 2006 and... More of this article »
JPMorgan (NYSE: JPM) Purchases 3,800 Real Estate Loans from Citibank (NYSE: C)
JPMorgan Chase & Co. (NYSE: JPM) announced that it would be purchasing 3,800 multi-family real-estate and commercial real-estate loans from Citigroup, Inc (NYSE: C), a total loan portfolio worth more than $3.5 billion. Most of... More of this article »
China Investment Corp Sells $1.6 More Morgan Stanley (NYSE: MS) Shares
China Investment Corp has sold another $1.6 million shares in Morgan Stanley (NYSE: MS), according to a regulatory filing released on Wednesday. During the past three weeks, China’s sovereign wealth fund has sold 25.5 million shares... More of this article »
Goldman Sachs Group Inc. (NYSE: GS) Predicts Gold Prices to Hit $1300 in February
Goldman Sachs Group Inc. (NYSE: GS) analysts said that significantly lower interest rates in the U.S. will lead to higher gold prices during the next six months, said the company in a research note to investors on Wednesday. The Wall... More of this article »
Goldman Sachs Group Inc. (NYSE: GS) May Profit from Financial Reform Law
Although many believed that the recently passed financial reform legislation would hinder Goldman Sachs Group Inc. (NYSE: GS)’s ability to make risky trades and generate revenue, the Los Angeles Times reported that the new financial... More of this article »
Citigroup, Inc (NYSE: C) Affiliates Found Guilty of Mismanaging MAT/ASTA Municipal Arbitrage Funds
Citigroup, Inc (NYSE: C) affiliates lost a case before a Financial Industry Regulatory Authority (FINRA) arbitration panel relating to MAT/ASTA municipal arbitrage products which the firm had sold to investors. The panel awarded more... More of this article »
GM Receives $5 Billion Credit Facility from Bank of America (NYSE: BAC), JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS).
General Motors Co. has secured $5 billion credit line from JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS) and Bank of America Corp (NYSE: BAC) and other firms, in a step which will clear the way for the automaker to... More of this article »
Goldman Sachs Group Inc. (NYSE: GS) Names New COO of Investment Banking
Goldman Sachs Group Inc. (NYSE: GS) has named Jim Esposito has the company’s new chief operating officer of the company’s global investment banking operations, replacing Howard Schiller, who is retiring, effectively immediately. Mr.... More of this article »
General Motors Has $32.5 Billion in Cash, Makes $1.33 Billion in Profit, Preparing for IPO
General Motors Co. announced on Thursday that it made $1.33 billion in profit during the second quarter, an indication that the beleaguered automaker is moving toward a public stock offering. GM CEO Ed Whitacre said last week that... More of this article »