Home » Archive for March, 2010
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... More of this article »
Former JPMorgan (NYSE:JPM) Cazenove Partner Malcolm Calvert Convicted of Insider Trading
In a somewhat surprising finish to a high-level trial in Britain, former JPMorgan (NYSE:JPM) Cazenove partner Malcolm Calvert was convicted five counts of insider trading. The lawsuit was filed by the Financial Services Authority,... More of this article »
Goldman Sachs (NYSE:GS) Attempting to Stop Shaw Communications (TSE:SJRb) from Acquiring Canwest TV Unit
Saying in a filing to a Canadian appeals court, Goldman Sachs (NYSE:GS) said that the lower court in their decision to allow the acquisition of the Canwest TV Unit by Shaw Communications (TSE:SJRb) “utterly failed in its duty... More of this article »
Bank of America (NYSE:BAC) Attorneys Pay Legal Fees for Cabi Downtown Lawyers After Judge Criticizes Them
Although they weren’t required to do it, attorneys for Bank of America (NYSE:BAC) decided to voluntarily pay the legal fees of their opposing lawyers in the Cabi Downtown case, where the judge state they were attempting to only... More of this article »
Morgan Stanley (NYSE:MS): SEC Dark Pool Regulation “Too Granular”
In a letter to the Securities and Exchange Commission, Morgan Stanley (NYSE:MS) said the SEC needed to reconsider their regulatory proposal, saying it was too “granular.” The SEC is looking at dark pools in a more mechanical... More of this article »
Citibank (NYSE: C) to Double Amount of Private Bankers in North America
Citibank (NYSE: C) plans to double the size of its private banking force in North America over the next few years, according a statement made by Citi Private Bank’s North American Chief Executive Peter Charrington in an interview... More of this article »
Bank of America (NYSE: BAC) Downgrades Chevron (NYSE: CVX) to Neutral, Recommends Exxon Mobil (NYSE: XOM) Instead
Bank of America (NYSE: BAC)’s Merrill Lynch unit has downgraded oil firm Chevron (NYSE: CVX) on Wednesday from neutral to buy, setting a new price target of $90.00 per share for the stock. The downgrade comes just one day after the... More of this article »
Citibank (NYSE: C) Raises Price Target on J Crew Group (NYSE: JCG)
Citibank (NYSE: C) analysts simultaneously raised J Crew Group’s (NYSE: JCG) price target and downgraded the stock from “Buy” to “Hold.” J Crew Group’s price target was raised from $49.00 to $50.00 citing data from J. Crew’s... More of this article »
Citibank (NYSE: C) to Sell Citi Property Investors Unit
Citibank (NYSE: C), which is currently 27% owned by the federal government, has agreed to sell its real estate unit, Citi Property Investors, to private equity investor Apollo Management LP. Under the terms of the deal, Apollo will... More of this article »
SEC Charges Stock Loan Trader For Defrauding Morgan Stanley (NYSE: MS) And Bank Of America (NYSE: BAC)
The Securities and Exchange Commission filed charges against a former New York stock loan trader who was employed at Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) for periods of time. The suit claims Salvatore Zangari... More of this article »
Bank of America to End Overdraft Fees on Debit Cards (NYSE: BAC)
Bank of America (NYSE: BAC) announced that customers will soon be unable to spend more money than they have in the checking accounts that are linked to their debit cards. The move made by the Charlotte, N.C. based bank is a step that... More of this article »
Options Traders Love Citibank (NYSE: C) and American International Group (NYSE: AIG)
Traders sought options contracts heavily on both Citibank (NYSE: C) and American International Group (NYSE: AIG) as both companies stock prices jumped during mid-day trading on Tuesday. Much of the activity related to Citibank and... More of this article »
Citibank Offering $2 billion in Trust Preferred Securities (NYSE: C)
Citibank (NYSE: C) announced on Tuesday that it will be offering $2 billion in $25 par 30-yaer trust preferred securities, referred to by many as TRUPS, as part of its ongoing agreement with federal regulators in repaying its federal... More of this article »
Is Investing in Citigroup (NYSE:C) a Fool’s Game at this Time?
While shares of Citigroup (NYSE:C) have had a nice upward swing lately, reaching its 2010 high of $3.81, and up by about 12 percent over the last several days, it seems a rather irrelevant event in my opinion, and nothing in the fundamentals... More of this article »
Union Pension Fund Sues Goldman Sachs (NYSE:GS)
The pension fund of the International Brotherhood of Electric Workers has sued Goldman Sachs (NYSE:GS), claiming the company paid their executives too much money, and are seeking to recover some of it for their shareholders. This isn’t... More of this article »
JPMorgan Chase (NYSE:JPM) Touting Increased Lending to Small Businesses
JPMorgan Chase (NYSE:JPM) has been marketing its success at providing loans to small businesses after given them a “second look.” The second look theme came from Washington in hopes some of the original companies rejected... More of this article »
Citibank (NYSE:C) Economist: Russian Ruble Rising as Central Bank Attempts to Cool it Off
The Russian ruble has surged to a 14-month high today as, and, according to Elina Ribakova, chief economist at Citibank (NYSE:C), the central bank of Russia is searching for ways to slow the rise down as investors are looking to the... More of this article »
Morgan Stanley (NYSE: MS) Picks up Citigroup’s (NYSE: C) Gary Shedlin
Morgan Stanley, a leading merger-adviser for financial companies, (NYSE: MS) announced that it has hired Citigroup’s (NYSE: C) Gard Shedlin, whose clients include BlackRock Inc’s Laurence Fink Mr. Shedlin will become a vice chairman,... More of this article »
Citigroup (NYSE: C) Scoops Up Two Barclays (NYSE: BCS) Executives for Wealth Management and Private Banking
Citigroup (NYSE: C) has hired two executives from Barclays (NYSE: BCS) who will head regional divisions at the company’s private-banking and wealth management units. Mark Connally and Michael Smith, both former Barclays Plc employees,... More of this article »
Citigroup (NYSE: C) Raises Price Targets on Kraft Foods (NYSE: KFT) and Adobe (NASDAQ: ADBE)
Citigroup raise the price targets of packaged-food maker Kraft Foods Inc (NYSE: KFT) and Adobe (NASDAQ: ADBE), a software development company. An analyst at Citigroup raised the company’s price target for Kraft Foods Inc to $36,... More of this article »
Citibank (NYSE: C) CEO Pandit to Speak at Citi 2010 Financial Services Conference
Citibank (NYSE: C) announced that its CEO, Vikram Pandit, will be presenting at Citibank’s Citi 2010 Financial Services Conference just two days before the conference is scheduled to begin. Pandit will be speaking on Thursday, March... More of this article »
Recession Takes Bite Out Of Tax Preparers, H&R Block (NYSE: HRB) Reports Fewer Filings
Last year’s recession and surging unemployment levels impacted many U.S. households and businesses. However, it is just now impacting tax preparers like H&R Block (NYSE: HRB) who have seen filings drop more than 9 percent in... More of this article »
What to Know When Searching for a Personal Loan Online
If you are in need of borrowing some money to make a major purchase or take care of an unexpected expense, you have a number of options, both online and off. You could walk down to your local bank or credit union and ask if they would... More of this article »