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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), 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 »
AIG (NYSE:AIG) Reportedly Chooses Citigroup Inc (NYSE:C) and Bank of America (NYSE:BAC) Over Goldman Sachs (NYSE:GS) for Restructuring Advice
AIG (NYSE:AIG) has changed course and decided to go with Citigroup Inc (NYSE:C) and Bank of America (NYSE:BAC) to advise them on restructuring the business, changing their mind on their original plan to have Goldman Sachs advise them... More of this article »
Morgan Stanley (NYSE:MS) Downgrades Westar Energy (NYSE:WR) To Equal Weight from Overweight
Westar Energy (NYSE:WR) has become a victim of its own success, as its strong 11 percent increase in share price since the early part of March has ended with Morgan Stanley (NYSE:MS) downgrading them from equal weight to overweight,... More of this article »
J.P. Morgan (NYSE:JPM) Invests in Microinsurance Fund LeapFrog Investments
J.P. Morgan (NYSE:JPM) is among the latest companies to invest in LeapFrog Investments, which is a microinsurance fund developed to target Asia and Africa low-income communities. They recently invested $10 million in the company... More of this article »
Wells Fargo (NYSE:WFC) Upgrades Diamond Management & Technology Consultants (Nasdaq: DTPI) from Market Perform to Outperform
Diamond Management & Technology Consultants, Inc. was the recipient of an upgrade from Wells Fargo (NYSE:WFC), as the giant bank upgraded the company from market perform to outperform. Wells likes what they saw in the last quarter,... More of this article »
Citigroup’S (NYSE:C) Share Price Drop Costs Treasury Over $1 Billion
Now that the trajectory of the share price of Citigroup (NYSE:C) has reversed direction and is plunging, it is close to falling below the $4 a share mark, not too long after flirting with the $5 a share mark, where some thought it... More of this article »
Goldman Sachs (NYSE:GS) will Re-examine Business Practices says Blankfein
In a conference call with the wealthiest customers of its private-wealth-management business, Goldman Sachs’ (NYSE:GS) CEO Lloyd Blankfein said there’s a positive outlook to the fraud charges against the company in that... More of this article »
Haiti to Receive $1 Million in Grants from Citigroup (NYSE:C) for Microfinance Institutions
Local microfinance institutions in Haiti will be the recipients of $1 million in grants from Citigroup which will be distributed via three of those institutions to aid in the rebuilding of the microfinance industry, which was devastated,... More of this article »
Beazer Homes USA (NYSE:BZH) Price Target Raised by Citigroup (NYSE:C)
The price target of Beazer Homes USA (NYSE:BZH) has been raised by Citigroup (NYSE:C) to up to $7 a share today. Beazer Homes has been lingering for some time because of the need to focus on issues related to their balance sheet. That... More of this article »
Citigroup (NYSE:C) Launching $200 Million Small Business Fund
Citigroup (NYSE:C) CEO Vikram Pandit said in a recent interview that the bank will soon put into motion a $200 million small business fund which will offer loans to help small businesses in lower and medium income communities. The... More of this article »
Bank of America (NYSE:BAC) Reiterates “Buy” Rating on Itau Unibanco Holding SA
Bank of America (NYSE:BAC) analyst Jorg Friedemann continued his “buy” rating on giant Brazilian bank Itau Unibanco Holding SA, citing “improving asset quality and efficiency,” in a note to clients. The largest... More of this article »
Citigroup (NYSE:C): Commodity Companies BHP Billiton (ASX:BHP) and Xstrata (LON:XTA) May Cut Expansion, Acquisitions on Super Tax
Planned expansion by BHP Billiton (ASX:BHP) and Xstrata (LON:XTA) may be dramatically cut back according to Citigroup (NYSE:C) and others, as a new 40 percent levy by the Australian government, along with double taxation which is paid... More of this article »
Citigroup (NYSE:C) Breaks Up ‘Telecommunications, Media and Technology’ Unit, Bill Kennish Lands at Macquarie Group (ASX:MQG)
The head of telecommunications, media and technology banking at Citigroup (NYSE:C), Bill Kennish, has reportedly left the bank as the company overhauls the unit. The team headed by Kennish was broken up, leading to his departure. Last... More of this article »
Citigroup (NYSE:C) Says GDP of Taiwan to Grow 7.2 Percent
Citigroup (NYSE:C) Taiwan’s top economist, Cheng Cheng-mount, said in the second quarter Taiwan’s economy is on course to grow by 8 percent, and on an annual basis, 7.2 percent. “Taiwan’s economic growth forecast for this... More of this article »
BP (NYSE:BP), Halliburton (NYSE:HAL), Transocean (NYSE: RIG) and the Cost of Deepwater Horizon
BP (NYSE:BP), Halliburton (NYSE:HAL) and Transocean (NYSE:RIG) all stand to lose into the billions of dollars in the explosion on the Deepwater Horizon oil rig which resulted in the oil spill stretching across the Gulf of Mexico. The... More of this article »
Towers Watson And Co (NYSE: TW) Upgraded to Buy from Citigroup (NYSE:C)
Citigroup (NYSE:C) upgraded Towers Watson and Co (NYSE:TW) from “Hold” to “Buy,” and have raised their target price from $52 to $60, citing their handling of the merger with Towers Perrin particularly well. At... More of this article »
Traders Sending Mixed Signals on Treasury Sale of Citigroup (NYSE:C) Stock
It was thought once the Treasury Department starting the process of selling shares in Citigroup (NYSE:C) it had a good chance of surging past the $5 mark on a sustainable basis, as the beginning of the removal of government control... More of this article »
Citigroup (NYSE:C) Says Euro Will Rally on Greece Bailout – Are they Serious?
According to Citigroup (NYSE:C) strategist Steven Englander the euro could surge above $1.35 as the possibility of a Greece bailout bringing more stability to Europe could drive up the beleaguered currency. Englander thinks investors... More of this article »
Warren Buffett Strongly Defends Goldman Sachs (NYSE:GS) Over Fraud Charges
At the highly popular annual shareholders meeting of Berkshire Hathaway (NYSE:BRK), Warren Buffett came out strongly in defense of Goldman Sachs (NYSE:GS) over the fraud allegations leveled against them. Buffett told shareholders that... More of this article »
Bank of America (NYSE:BAC), Countrywide Financial Ordered to Defend Against Fraud Claims of MBIA Inc. (NYSE:MBI)
When Bank of America (NYSE:BAC) Countrywide Financial, concerns were raised about the liability they were buying with that deal, and that fallout continues to rise, as the latest case involves a fraud claim from one of the units of... More of this article »
Citigroup’s (NYSE:C) Richard Stuckey to Retire After Cutting Toxic Assets
Citigroup (NYSE:C) announced Richard Stuckey has stepped down from his position as head of the Special Asset Pool where he oversaw about $241 billion in bad bonds and mortgages which he has trimmed by close to half since January 2009,... More of this article »