* Geithner says banks will repay more funds than expected * Goldman Sachs estimates banks' capital needs at $130 bln * Bank of America shares rally 15.5 pct in premarket trade * Banks' debt protection costs fall NEW YORK, May 7 (Reuters) - Citigroup ...Read More
March 19 (Bloomberg) -- The day before Lehman Brothers Holdings Inc. filed for bankruptcy, almost all of its $41 billion cash pool was tied up at bank lenders including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp., ...Read More
* Fraud took place over 10-year span Stocks | Funds News | ETFs News * Obama campaign "bundler" faces prison time * Nemazee tells court he is ashamed (Adds forfeiture and restitution; affected political donations to go to charity) NEW YORK, March 18 (Reuters) ...Read More
March 16 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor's 500 Index reaching a 17-month high, as the Federal Reserve said it will leave its main interest rate near zero for an extended period to safeguard the economic ...Read More
Mr. President, last Thursday, the bankruptcy examiner for Lehman Brothers Holdings Inc. released a 2,200 page report about the demise of the firm which included riveting detail on the firm's accounting practices. That report has put in sharp relief what ...Read More
Insurer American International Group Inc. said Monday it closed a secondary public offering of Transatlantic Holdings Inc. for about $452 million. The nearly 8.5 million shares of common stock were owned by American Home Assurance Co., a subsidiary of AIG. As previously ...Read More
BEIJING -- Chinese authorities have ordered the closure of a lead ingot factory in the country's southwest after 94 people, including 88 children, in nearby villages were found to have lead poisoning. Reports of lead poisoning have emerged around the country ...Read More
March 12 (Bloomberg) -- Swiss stocks fluctuated between gains and losses as increases among banks and industrial shares offset a decline by Roche Holding AG. UBS AG and Credit Suisse Group AG, Switzerland's biggest banks, both rallied 1.9 percent. ABB Ltd. ...Read More
NEW YORK (AP) -- Citigroup Inc. is poised to return to "sustained profitability" as it sheds risky assets and focuses on emerging markets, CEO Vikram Pandit said Thursday. Investors embraced his bullish view, sending Citigroup shares up 5.6 percent to $4.18. Pandit ...Read More
NEW YORK (AP) - Citigroup Inc. says it's heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government. CEO Vikram Pandit said Thursday that Citigroup has overhauled its ...Read More
* Sees return on assets for Citicorp of 1.25 to 1.5 pct Stocks | Bonds | Funds News | ETFs News | Financials * Aims for CAGR in managed assets at Citicorp of 5 pct * Shares rally nearly 5 pct NEW YORK, March ...Read More
March 11 (Bloomberg) -- Most U.S. stocks fell as higher- than-estimated inflation in China spurred speculation the nation will be forced to raise interest rates while technology companies and banks rallied. Deere & Co., AK Steel Holding Corp. and Caterpillar Inc. ...Read More
U.S. stock futures slipped Thursday on worries that China, the engine of the world economy, may have to slam the brakes to combat accelerating prices. S&P 500 futures fell 2.2 points to 1143.50 and Nasdaq 100 futures lost 2.5 points to ...Read More
* Psychiatric Solutions hires Goldman as adviser Stocks | Mergers & Acquisitions | Global Markets | Funds News | ETFs News | Private Capital | Financials * Forms special committee to weigh sale * Stock closed at $29, up 21 percent (Adds details ...Read More
Did Goldman Sachs and other banks unduly profit from federal bailout programs?
This morning, the Wall Street Journal came out with a story stating that banks have made nearly $1 billion in fees from underwriting these bonds. This followed on a ...Read More
March 10 (Bloomberg) -- Citigroup Inc., seeking capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years. The bank plans to issue as ...Read More
March 10 (Bloomberg) -- Apollo Management LP agreed to buy Citigroup Inc.'s real estate investment unit in a move that will more than triple the value of the private-equity firm's property assets, a person with knowledge of the deal said ...Read More
Bank of America Corp. plans to announce Wednesday that it is eliminating $35 overdraft fees on debit-card purchases as the bank tries to stay ahead of a sweeping round of regulations. The move means that any customer who attempts a purchase ...Read More
WASHINGTON (AP) -- Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares of Citi ...Read More
Financial companies have led stocks higher on the one-year anniversary of the market's hitting a 12-year low. The gain in bank stocks Tuesday has come as traders reacted to rumors that the government might prohibit the trades known as short sales ...Read More
March 9 (Bloomberg) -- Japan's 30-year bond yields climbed to the highest level in a week before the government sells 600 billion yen ($6.6 billion) of the debt at an auction today. The Ministry of Finance set a 2.3 percent coupon ...Read More
