Tag:
balance sheet
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Latest Headlines
Citigroup CEO proposes a way to compare financial risks
Citigroup CEO Vikram Pandit has generated mild applause for his idea on a new system that would allow for better comparison of banks when it comes to risk.
As Breakingviews describes it, "Pandit is championing an idea to make it easier to compare the way banks assess risk. To accomplish th
Update: the irony of MF Global's bankruptcy court move
MF Global has filed for Chapter 11 bankruptcy court protection from creditors. While some thought there might be some prepackaged elements to the filing, those hopes were dashed, as talks with Interactive Brokers Group apparently fell apart in the morning. The company was in talks to buy some asse
More analysts expect a Goldman Sachs loss
As the bank earnings reporting derby gets underway, a big question is whether Goldman Sachs will post a loss for the third quarter, which would be only the bank's second loss as a public company.
As of now, the ranks of sell-side stock analysts predicting a loss has grown to 13. The latest to
Goldman Sachs, Morgan Stanley polar opposites on VAR
Morgan Stanley's average VAR in the second quarter rose to $145 million from $121 million in the first quarter, a 20 percent bump. Meanwhile, Goldman Sachs was moving in the opposite direction, reducing the amount it was willing to risk in the face of global economic uncertainty.
The gilded ba
Short sellers suggest doomsday scenario for banks
Short-sellers seem to be at a critical point with banks. They have generated some gains, but they may also sense that they may be on the cusp of even larger gains--if only the banks stocks would tumble further.
Short-sellers have sketched out a super-bearish scenario to FOX Business Network
Goldman, too big to fail?
In the post-financial crisis era, perhaps the biggest question from a regulatory point of view is whether the reform efforts, symbolized by the Dodd-Frank Act, have solved the problem of too-big-to-fail banks. My sense has been that while the reform movement was right on in some ways, it perhaps d
Bank of America: No capital raise due to putbacks
The foreclosure fiasco hit at an inopportune time for Bank of America (NYSE: BAC ). The bank was already facing some severe revenue drains in its card operations, and was struggling to offset the losses. The last thing it needed was another massive hit to the income statement. Most likely, the
Goldman Sachs could survive a Buffett buyback
Recall that Goldman Sachs (NYSE: GS ) is keenly interested in buying back the preferred shares it issued on very favorable terms to Warren Buffett back in September 2008. What kind of hit to the balance sheet would such a move entail? "If you take $5 billion out" Goldman's "capital levels w
Citi's bad bank sells out of student loan business
Citigroup (NYSE: C ) wants to focus on the core consumer banking market, and student loans apparently no longer fall under that umbrella.
Citigroup announced it will sell its student loan business and $32 billion in assets to Discover Financial Services and Sallie Mae. Some might have specu
Citi war against analyst Mike Mayo heats up
This has been quite a battle: Top analyst Mike Mayo squaring off against Citigroup (NYSE: C ) executives, with Fox Business egging on the food fight.
The latest tactical move comes from Mayo, who has issued a report called "A Matter of Trust" that suggests Citigroup needs to provide mo
