Home » Archive for March, 2010
Morgan Stanley (NYSE:MS) Wins Business to Help Treasury Sell Stake in Citigroup (NYSE:C)
The Treasury Department announced they hired Morgan Stanley to help them sell their stake in Citigroup (NYSE:C), which they acquired under the TARP program after the bank received billions in aid from taxpayers. A number of companies... More of this article »
Citigroup (NYSE: C) Hires 13 New Professionals for Its Global Prime Finance Business
Citigroup (NYSE: C) has hired 13 new professionals for its global prime finance business, who will be located in New York and London. The new employees will focus on trading and risk analysis. “We are finding that prime finance clients... More of this article »
Royal Bank of Scotland (LLON: RBS) to Sell Factoring Business to GE Capital (NYSE: GE)
The Royal Bank of Scotland (NYSE: RBS) announced on Monday that it agreed to sell its factoring business to GE Capital, a subsidiary of General Electric (NYSE: GE) The terms of the sale were not disclosed buy the transaction is expected... More of this article »
Citigroup (NYSE: C) Hires Former Goldman Sachs (NYSE: GS) Executive as New Director for European, Middle Eastern and African Equities Trading
Citigroup (NSE: C) has announced the hiring of Payam Akhavan-Malayeri as its director for its Central and Eastern Europe, Middle East and Africa equities trading desk, according to an internal release first reported by Bloomberg. Akhavan-Malayeri,... More of this article »
Former Employee Suing Goldman Sachs (NYSE: GS), Claiming She was “Mommy Tracked”
A former Goldman Sachs (NYSE: GS) executive is suing the company claiming that she was “mommy tracked” and then fired after she had given birth to two children and opted for a part-time work schedule. In a federal suit,... More of this article »
Washington Mutual Files Re-Organization Plan Backed by JP Morgan Chase (NYSE: JPM)
Washington Mutual Inc, the former parent of the largest bank to fail as part of the financial crisis, has filed a bankruptcy reorganization plan and a disclosure statement supported by its creditors and JP Morgan Chase & Co (NYSE:... More of this article »
Citigroup Chairman Says “Give Pandit Some Credit” (NYSE: C)
Vikram S. Pandit has been under incredible scrutiny from the media, investors and the government as he attempts to return Citigroup (NYSE: C) to profitability, but the bank’s chairman, Richard Parsons, suggested in a Bloomberg... More of this article »
UAW To Sell Its Ford (NYSE: F) Stock Warrants
The United Auto Workers Union announced it will sell all the stock warrants it owns for Ford Motor Co. in an effort to raise cash for the union’s retiree healthcare trust. The UAW is hoping to raise $1.3 billion from the sale of... More of this article »
Goldman Sachs (NYSE: GS) To Enter Poland Market
Goldman Sachs (NYSE: GS) has announced that it will be seeking to open a branch in Warsaw, as the Polish government prepares to offer record share offerings this year, according to company Spokeswoman Monika Schaller in a statement... More of this article »
Wells Fargo (NYSE: WFC) and Visa (NYSE: V) Announce Rapid Alert Service
Wells Fargo & Co. (NYSE: WFC) announced that it has teamed up with Visa (NYSE: V) to offer a real-time alert service to Wells Fargo Visa credit card holders. The free service will help cardholders to better manage and track their... More of this article »
Wells Fargo (NYSE:WFC) Says Boston Scientific (NYSE:BSX) Review Could Take Up to 135 Days
Concerns have risen over the Boston Scientific (NYSE:BSX) review process, and Wells Fargo (NYSE:WFC) analyst Larry Biegelsen said it could take up to 135 days for the process to play itself out. Other analysts watching the situation... More of this article »
Dick Bove Says Buy Citigroup (NYSE:C) Now!
Dick Bove, analyst at Rochdale Securities, continues to push his price target up for Citigroup (NYSE:C), raising it to a huge $8.50 a share, an increase of $1.50 a share from his last targeted price of $7.00 a share. Part of his increasing... More of this article »
Ford (NYSE: F) to Sell Volvo Unit to Chinese Conglomerate
Ford Motor Co. (NYSE: F) announced on Sunday that it would be selling its Volvo subsidiary to a Zhejiang Geely Holding Group, a Chinese conglomerate. Geely will pay approximately $1.8 billion for Volvo. The deal consist of $1.6 billion... More of this article »
Citigroup (NYSE: C) to Develop Hedge Consulting Team
Citigroup’s head of global prime finance told Bloomberg News last week that the bank plans on doubling the size of its team which helps government-backed and pension funds manage their direct hedge fund investments. The executive,... More of this article »
General Electric (NYSE: GE) Expects Little Change from Health Care Reform Bill
General Electric Co (NYSE: GE) said that it does not anticipate taking a charge tied to changes in the tax treatment of subsidies from Medicare in the health-care law which was signed by President Obama on Tuesday. G.E. spokeswoman... More of this article »
Citigroup (NYSE: C) Believes Dollar May Rise Against Euro
Citigroup (NYSE: C) ended a bet that the euro will rise against the dollar as the E.U. failed to agree on a plan to shore-up the debt-ridden country of Greece. Citigroup lost 2.75% on its bet. Citigroup strategist Todd Elmer in New... More of this article »
Citigroup (NYSE: C) Maintains Hold Rating on SMART Modular Technologies (SMOD), instead favors Tyco Electronics (NYSE: TEL), Flextronics (Nasdaq: FLEX), and Jabil Circuit (NYSE: JBL)
Citigroup (NYSE: C) maintained its “Hold” rating on Friday of SMART Modular Technologies Inc (Nasdaq: SMOD) and raised its price target on the company from $8.50 to $10.00, but commented that their top picks in the industry... More of this article »
Bank of America (NYSE: BAC) Announces Plans to Focus on Growth in China
Bank of America (NYSE: BAC) Corp. said on Thursday that it would be expanding its business in China. The statement came from Bank of America chief executive officer Brian Moynihan at a press event in Beijing. Moynihan said that the... More of this article »
Bank of the West Hires Second Former Citigroup Executive (NYSE: C)
Bank of the West announced on Friday that it had hired a second Citibank (NYSE: C) alumni in as many weeks. Maura Markus was the second Citibank alumni to join Bank of the West’s executive team, following the footsteps of Duke Dayal... More of this article »
Nebraska will Receive $14,000 from Citigroup Settlement
Citigroup (NYSE: C) will pay Nebraska $14,000 as part of a settlement with 35 states for failing to report more than 91,000 mortgage loans that it made to state and federal regulators. Regulators discovered that Citigroup’s Citi... More of this article »
General Electric (NYSE: GE) May Sell 21% Stake in Turkiye Garanti Bankasi with Advisement from JP Morgan Chase (NYSE: JPM)
General Electric Co. (NYSE: GE) may sell its 21% stake in Turkiye Garanti Bankasi AS, Turkey’s largest listed bank in three weeks, according Garanti Chief Executive Officer Ergun Ozen. The deals of the sale will likely become clear... More of this article »
Lending Club Strategies: Maximizing Your Investment Return on Lending Club Loans
Lending Club has setup arrangements for more than $90 million in loans between borrowers and lenders during the last three years. No one can say for sure as to whether or not peer to peer lending is a fad in the world of financial... More of this article »
Lending Club Launches Photo Contest for Bing-Like Homepage
Peer to peer lending firm Lending Club took a cue from Bing (NYSE: MSFT) in its most recent website design by integrating a look and feel where the website’s background can be can be changed on a regular basis. Lending Club has... More of this article »