In June of 2009, CreditSights issued a report that listed SunTrust (STI) and Regions Bank (RF) as the top two franchises in terms of merger attractiveness once banks exited the U.S. government’s Troubled Asset Resolution Program (TARP).
“In general, we view the more ‘critical mass’ regional bank franchises such as SunTrust, Regions, and Fifth Third (FITB) [...]
Archive for Christopher
SunTrust Banks Inc. (NYSE: STI) and Regions Financial Corp. (NYSE: RF) Remain Likely Targets of M & A Activity
Stock Rises Over 4% on the Day as Analysts are Bullish on Citigroup (NYSE: C)
One day after reports that Citigroup (C) may have weathered the worst of the financial storm, shares of the financial giant were up over 3% in afternoon trading on Wednesday.
Reports of high demand for a $2 billion trust offering were partly responsible for the rise in share price. Also at play was the announcement of [...]
Citibank (NYSE: C) CEO Pandit to Testify Before Congress
Will he be able to show real change, or will it be just more of the same? That’s the question facing Citibank (C) Chief Executive Vikram Pandit on Thursday as he will appear before a congressional panel in charge of overseeing the U.S. government’s rescue of battered financial firms.
The inquiry will surely be difficult for [...]
Can a Bonus be Good if a Charity Benefits? HSBC Holdings PLC (NYSE: HBC) CEO Set to Donate Bonus to Charity.
If you donate some of your bonus to charity, is it still bad? This may be a question some will ask as HSBC Holdings PLC (HBC) Chief Executive Michael Geoghegan has suggested he will give all or part of his bonus to charity.
The Wall St. Journal reported that, according to people close to the matter, [...]
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 come in and made giving the bank a voice in new regulation a top priority.
In an effort [...]
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 last year to address what many saw as a culture too willing to overlook the risks as the company piled assets [...]
Look Who’s Back. Citibank (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) Among Big Banks Courting Customers
They’re back! But the question is, do you still want them?
A recent article at CNNMoney.com shows that after a year of bonuses, bailouts, tight credit, rising fees, and reduced lending, some of the nation’s top lenders, including Citigroup (C) and Wells Fargo & Co. (WFC) are actively pursuing new customers.
Case in point, Citigroup has launched [...]
Brokers “Hitting the Jackpot” with Retention Bonuses at Morgan Stanley (NYSE: MS)
In what is becoming an almost weekly ritual, bonuses were back in the news. This time the issue was retention bonuses and the target was brokers at Morgan Stanley’s (MS) Smith Barney unit.
As reported in the Wall St. Journal, about one-third of the combined firm’s 18,000 brokers received a bonus. The one-time payment was structured [...]
Pending Ruling Over Bank of America (NYSE: BAC) Disclosures Puts SEC and Attorney General Cuomo at Odds
What did he know? When did he know it? And why was he fired? Those are the questions U.S. District Judge Jed S. Rakoff will ponder regarding the circumstances surrounding the firing of former Bank of America (BAC) general counsel Timothy Mayopoulos.
At stake is a settlement to resolve two lawsuits by the SEC. The first [...]
Guilt by Association? Wells Fargo & Co’s. (NYSE: WFC) Purchase of Wachovia Increases Exposure to Troubled Mortgages
Wells Fargo & Co. (WFC) finds themselves at the epicenter of a problem that continues to vex homeowners in this fragile economy.
At issue are tens of thousands of customers with adjustable-rate mortgages who have seen their monthly payments spike or stay high even while other homeowners are seeing their payments fall.
In some cases, homeowners using [...]
Is Citigroup (NYSE: C) Looking South for Successor to Pandit?
If speculation inside Citigroup (C) is to be believed, then former Latin America head Manuel Medina-Mora may be one step closer to fulfilling a large ambition.
Although current Citigroup CEO Vikram Pandit has only been in his position for 25 months and has no plans to relinquish his job, there is little doubt among industry insiders [...]
I am a Realtor trying to consumate a short sale for a senior citizen on social security with Citi holding ...
When you are down there, try the number 3 with sour cream... The green enchiladas are wonderful!!!!!! 
It would seem that they see the light at the end of the tunnel...I just hope that what they see ...