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Will Institutional Investors Return to Citigroup? (NYSE: C)
Institutional stock ownership in Citigroup (NYSE: C) has dropped significantly as major investment units have pulled out of the firm. Currently, only 20% of Citigroup’s shares are owned by institutional investors, but an exit of... More of this article »
Treasury Departments Limits Salary of Mid-Level Executives at Citigroup (NYSE: C), AIG (NYSE: AIG), General Motors (NYSE: GM), Chrysler, and GMAC (NYSE: NYSE:GMA).
The Treasury Department’s Paymaster Kenneth Feinberg is now taking aim at compensation packages for mid-level executives at several firms including Citigroup (NYSE: C), AIG (NYSE: AIG), General Motors (NYSE: GM), Chrysler, and GMAC... More of this article »
Troubled Asset Relief Program (TARP) to be Extended by Obama Administration
The use of taxpayer dollars to bail out Wall Street will continue, as Treasury Secretary Timothy Geithner, talking to a watchdog panel on Thursday said the Obama Administration will extend the highly controversial and unpopular bailout... More of this article »
Citigroup (NYSE: C) CEO Takes Bank of America (NYSE: BAC) TARP Exit as Wake-Up Call
When Bank of America (NYSE: BAC) CEO Kenneth Lewis announced plans to repay the government debt related to the Troubled Asset Relief Program, Citigroup (NYSE: C) CEO Vikram Pandit, took the news as a wake-up call. Just one day after... More of this article »
UK Treasury Head Alistar Darling’s Tax on Bank Bonuses a Complete Waste Time and Resources
The move by UK Treasury head Alistar Darling to install a 50 percent tax on the bonuses awarded to bankers is largely a politically motivated decision, and in the long run will do absolutely nothing but add some pounds to the British... More of this article »
Lending Club Bonus: Get a $25.00 Bonus to Start Investing With Lending Club
Lending Club is a popular peer-to-peer lending institution that connects individual borrowers and investors. We’ve provided extensive coverage of Lending Club, Prosper and other peer-to-peer lending firms, and now you can get a $25.00... More of this article »
Obama Administration Clueless on Banking Issues, Sending Mixed Messages to the Industry
Again we can see why government shouldn’t ever interfere in the markets, as revealed by the confusion and cluelessness of the Obama administration in navigating the banking waters. Obama is now pushing for banks to start lending... More of this article »
TARP a Disaster Says Congressional Oversight Panel
Most people know that the TARP was and is a disaster, as it has done nothing but allow the terrible banking and business practices of the large financial institutions to be rewarded by keeping them going by throwing taxpayer dollars... More of this article »
Why Peer-to-Peer Lending Works When Lending Money to Friends Doesn’t
Most of us know that lending money to friends and family members rarely results in a full repayment from the person that you lend money to. Loans to friends and family members are much more frequently delinquent because the borrower... More of this article »
Federal Reserve and FDIC Take Tough Stance on Citigroup’s (NYSE: C) TARP Exit
The Federal Reserve and the FDIC are taking a hard line than the Treasury Department on how much capital Citigroup (NYSE: C) should be forced to raise before the company repays its $20 billion in funds that the company borrowed from... More of this article »
Wells Fargo (NYSE: WFC) TARP Repayment Hindered by Debt to Prudential Financial (NYSE:PRU), May Not Follow Bank of America (NYSE: BAC) After All
Wells Fargo & CO’s (NYSE: WFC) efforts to follow Bank of America (NYSE: BAC) in the repayment of U.S. bailout funds may be delayed by a $5 billion debt that the company owes to Prudential Financial Inc. (NYSE: PRU), which could... More of this article »
Federal Reserve Drains $180 Million from Banking System via Repurchase agreements with JP Morgan Chase (NYSE: JPM) and Bank of New York Mellon (NYSE: BK)
The Federal Reserve announced that it had drained $180 million in temporary reserves from the banking system when it arranged eight-day tri-party reverse repurchase agreements with JP Morgan Chase & Co (NYSE: JPM) and Bank of New... More of this article »
Keynesian College Economist Weenies Come to Aid of Their Hero Ben Bernanke in Opposition to Ron Paul’s Audit the Fed Bill
Evidently reading a script that was probably written by Ben Bernanke himself, a small number of college economists wrote a letter to the Senate Banking Committee and House Financial Services Committee saying the tired, worn out old... More of this article »
Lending Club Rates: How Much Will a Peer-to-Peer Personal Loan Cost You?
If you’re in the market to get a personal loan from a bank, you have a number of different options to consider. The onset of the web as a means to connect with banks and finance companies has expanded your options beyond count. When... More of this article »
Will Ron Paul Vote Against His Own Bill to Audit the Federal Reserve?
Washington has been so out of touch with principles and reality for so long, that they probably think voting for the bill initiated by Ron Paul to edit the Federal Reserve would be political feather in the cap of Ron Paul. But it looks... More of this article »
Citgroup, Inc. (NYSE: C) and Wells Fargo & Co (NYSE: WFC) At Odds with Fed over Tarp Repayment
Officials at Citigroup, Inc. (C) and Wells Fargo & Co (WFC) are in intense discussions with the U.S. government over the scope of capital requirements the banks would need to exit the Troubled Asset Relief Program (TARP). At issue... More of this article »
Bank of America (NYSE: BAC) CEO Candidate Facing Scrutiny
Greg Curl, the Chief Risk Officer for Bank of America (NYSE: BAC) and one of the leading internal candidates for the Chief Executive Officer (CEO) position at the bank is currently being sought for additional questioning by the office... More of this article »
Mad Money Host Says Government should have Cashed Out on Citigroup
CNBC’s Mad Money host, Jim Cramer, said in an interview with Erin Burnett that the United States government should have liquidated its stake in Citigroup (NYSE: C) when the share price was at $5.00. In his interview, Cramer said... More of this article »
Ron Paul Wins Key Battle to Open Federal Reserve’s Books
Representative Ron Paul won a major battle on Capitol Hill last week to shed light into the Federal Reserve’s activities with an amendment in the House Financial Services Committee’s financial-system reform bill that would begin... More of this article »
RBS (LSE: RBS) Loses More Than 1,000 Investment Bankers Over Government Interference in Bonuses
Proving that government interference in the market always has a negative impact, over 1,000 investment bankers have left the Royal Bank of Scotland (LSE: RBS.L) since the British government gave bailout funds to the bank and assumed... More of this article »
U.S. Gov’t To Slash Estimate Of TARP Cost By $200 Billion
The Obama Administration is expected to announce a drastic reduction to its cost estimate of the Troubled Asset Relief Program (TARP). The new estimate will reportedly be for a cost of $141 billion, well lower than the $341 billion... More of this article »
Bank of America (NYSE: BAC) Provides 600,000 Trial Modifications to Homeowners
Bank of America (NYSE: BAC) announced on December 7th that they had provided mortgage relief via concluded and trial modifications to more than 600,000 homeowners since January of 2008 in a statement. Bank of America’s head of credit... More of this article »
JP Morgan (NYSE: JPM) Benefits from Goldman Sachs (NYSE: GS) Woes
If there’s any bank that’s benefiting from the issues that Goldman Sachs (NYSE: GS) is having, it’s JP Morgan Chase & Co (NYSE: JPM), at least that’s what one Bloomberg columnist believes. David Reilly recently penned a... More of this article »