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Bank of America (NYSE:BAC) Chairman Charles “Chad” Holliday Could Help International Expansion
The choice of Charles “Chad” Holliday as the new chairman of Bank of America (NYSE:BAC) may have been at least partially influenced by his experience as CEO of DuPont (NYSE:DD) at a time when the company was expanding it... More of this article »
Judge Rules California Localities Can Bring Civil Cases Against Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC)
A civil case against Citigroup (NYSE:C), Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC), and other, was given the go ahead by a federal judge concerning an alleged conspiracy in a bid rigging scheme contracts and derivatives related... More of this article »
Bank of America (NYSE:BAC) Says Retirement Farther off for Many Baby Boomers
Bank of America (NYSE:BAC) economist Ethan Harris said in a Bloomberg Radio interview today that baby boomers will probably have to wait longer for retirement and work longer because of the financial crisis and its effect on their... More of this article »
Citibank (NYSE:C) Says French, German Banks Have Greatest Exposure to Greek Debt
Citibank (NYSE:C) analysts say French and German banks are at high risk as their exposure to Greek debt could result in billion of euros in losses and write-downs for the financial institutions based in those countries. Citibank said... More of this article »
Wells Fargo (NYSE:WFC) Ready to Take Hulk Hogan to the Mat
Many of us probably remember when Nick Hogan, the son of Hulk Hogan, got in an accident which cause brain damage to the passenger in the car – John Graziano. That has resulted in a lawsuit from Hulk Hogan against Wells Fargo... More of this article »
Will Citigroup (NYSE:C) Own a Larger Piece of Itself?
Now that the U.S. Treasury has announced it is going to sell the first batch of shares of Citigroup (NYSE:C), it does make you wonder how that will play out as far as Citigroup beginning to buy back shares in the company to show their... More of this article »
Citigroup (NYSE:C), Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) Added to Maker-taker Fee Model by ISE
Citigroup (NYSE:C), Bank of America (NYSE:BAC) and JPMorgan Chase (NYSE:JPM) have all been added to the maker/take fee model by the International Securities Exchange based on solid results when the plan launched earlier in the month. As... More of this article »
Bank of America (NYSE:BAC) Promotes Andrea Orcel to Larger Emerging Markets Role
Bank of America (NYSE:BAC) announced it has promoted Andrea Orcel to president of emerging markets, with the exclusion of Asia. Orcel, who was executive chairman of global banking and markets for the company, will retain the role in... More of this article »
Warren Buffett Has No Problem with Berkshire Hathaway (NYSE:BRK) Stake in Goldman Sachs (NYSE:GS)
According to Berkshire Hathaway (NYSE:BRK) director, Thomas Murphy, cited by Bloomberg News, Warren Buffett has little concern over the large stake Berkshire holds in the giant financial firm, regardless of the current fraud charges... More of this article »
Citigroup (NYSE:C) Says Greece Becoming a European Union Contagion
Citigroup’s (NYSE:C) Mark Schofield, global head of interest-rate strategy in London, said concerning the Greece sovereign debt debacle that “We’re seeing contagion.” He is referring Portugal, Spain and Italy,... More of this article »
Eastman Chemical (NYSE:EMN) Hires Bank of America (NYSE:BAC) to Advise on PET Business
After five years of working on generating a profit in their polyethylene terephthalate (PET) business, Eastman Chemical (NYSE:EMN) seems to have decided to abandon the sector, hiring Bank of America (NYSE:BAC) to advise them on which... More of this article »
Media Reports that German Bank BayernLB (BAYB.UL) Cut Ties with Goldman Sachs (NYSE:GS) Not True
Sloppy research and reporting from media outlets that German bank BayernLB (BAYB.UL) had cut all ties with Goldman Sachs (NYSE:GS) are untrue, as all the story really entailed the cancellation of only one consultancy agreement. Communicating... More of this article »
Bank of America (NYSE:BAC) Going Global with Wealth Management Unit
Head of the wealth management unit at Bank of America (NYSE:BAC), Sallie Krawcheck, said the focus of the division will be to grow its business beyond the U.S. market, as that’s where the majority of opportunity will be for years. Talking... More of this article »
Citigroup (NYSE:C) Says Real Estate Correction in Chinese Market Inevitable
An increasing number of analysts and investors are concerned over how quickly and high Chinese real estate prices have risen, and according to Citigroup (NYSE:C), there a correction in the Chinese property market is inevitable, and... More of this article »
Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and JP Morgan Chase (NYSE:JPM) Will be Downsized if Liberal Democrats Get Their Way
A group of liberal Democratic senators are seeking to broaden the regulations concerning big banks, as they’ve introduced legislation to limit the size of banks in the United States, of which only Bank of America (NYSE:BAC),... More of this article »
Citigroup (NYSE:C) Back into Mortgage-backed Securities Again
For the first time in over two years, Citigroup (NYSE:C) has entered the mortgage-backed securities market, this time with 255 new mortgages backing the bonds offered. The loans backing the bonds were made over the last year by Citigroup,... More of this article »
Citigroup (NYSE:C) Expanding Investment Banking Unit in Poland to Serve Government Asset Sales
In anticipation of government asset sales in Poland, Citigroup (NYSE:C) announced they’re going to expand their investment banking operations in the country in response to the opportunity. Some of the competitors of Citigroup... More of this article »
Why U.S. Government Wants Citigroup (NYSE:C) Over $5 A Share
At the recent Citigroup (NYSE:C) shareholder meeting, a number of shareholders pushed for a reverse stock split in order to increase the price of the company, as I wrote about earlier. This is also why there has been so much positive... More of this article »
Bank of America (NYSE:BAC) Downgrades Protective Life Corp. (NYSE:PL), Upgrades FPL Group (NYSE:FPL)
Bank of America (NYSE:BAC) downgraded Protective Life Corp. (NYSE:PL) today while upgrading FPL Group (NYSE:FPL). Protective Life was downgraded from “Buy” to “Neutral,” and FPL Group was upgraded from “Neutral”... More of this article »
Citigroup (NYSE:C) Sued by Italian Bank Over Total Return Swap
Italian Bank, Banca Carige SpA (CRG.MI), is the latest to join a parade of companies suing Citigroup (NYSE:C) and other giant financial institutions over swaps. In this case – concerning a total return swap – Citigroup... More of this article »
Some Citigroup (NYSE:C) Shareholders Pushing for Reverse Stock Split
With the Citigroup (NYSE:C) share price lingering at around $4, a number of shareholders at the annual shareholders meeting strongly suggested when talking to Citigroup Chairman Richard Parsons that the company move ahead with a a... More of this article »
Morgan Stanley (NYSE:MS) Likes Medco Health Solutions (NYSE:MHS) and Express Scripts (Nasdaq:ESRX)
Insurers and others in the health sector have stopped the plunge in stock price they’ve experienced since the Obama administration and Democrats forced the legislation through against the will of the American people. Today that... More of this article »
Questions About the SEC in Case Against Goldman Sachs (NYSE:GS)
There can be no doubt the charges by the SEC against Goldman Sachs (NYSE:GS) have been waiting in the wings as a political tool to use at the right time to promote the agenda of the Obama Administration, which has been tottering on... More of this article »