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Wow! The weekend drama ended with a bang: A radical government plan to keep Citi afloat. The plan will back up to $306 billion of loans and certain other assets, all of which will remain on Citi's... Read more...
It seems like we've been predicting for a while now that more regional banks will be forced to merge. The real catalyst may be the availability of TARP funds. PNC's deal for National City--there had... Read more...
JPMorgan Chase was able to raise $1.6 billion to buttress its balance sheet, but the money did not come cheap. The preferred debt issue... Read more...
Most people assume the cagey Jamie Dimon is angling to make another purchase, specifically one to build the retail-bank side of the firm. The rumors are heavy regarding several companies, notably... Read more...
Forbes weighs in with an interesting piece about the short-term challenges facing the CEOs of top banks. In many cases, they all are wearing the same shoes. They must reduce costs, shore up capital,... Read more...