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Citigroup expands aggressively in China

At the height of the financial crisis, when Citigroup (NYSE: C) was still a ward of the federal government, CEO Vikram Pandit stuck to his mantra that Citigroup was a global bank of uncommon... Read more...

Bank of America leading Morgan Stanley in brokerage wars?

Who's leading the brokerage wars? At the moment, Bank of America Merrill Lynch (NYSE: BAC) seems to be getting the best of Morgan Stanley Smith Barney (NYSE: MS). Here's Bloomberg's quick take: Bank... Read more...

A blow to the "Paulson made me do it" defense?

One theme in the many shareholder criticisms of how Bank of America handled the Merrill Lynch purchase was that then-CEO Ken Lewis had fielded a lucrative bailout package from then Treasury Secretary... Read more...

Tide turning for Citigroup CEO Vikram Pandit

Not too long ago, as Citigroup became a ward of the federal government, CEO Vikram Pandit (Vikram Pandit news) could do no right. Sheila Bair, of the FDIC, wanted him out. Employees questioned his... Read more...

Hedge funds choose Citigroup over Bank of America

So which bank is a better bet right now: Bank of America (NYSE: BAC) or Citigroup (NYSE: C)? Apparently, hedge funds collectively think Citigroup has a bit more upside at the moment. There seems to... Read more...

Axa sells Goldman Sachs, adds commercial bank exposure

Axa, the French financial service giant and once the largest shareholder of Goldman Sachs, cut its holdings in Goldman (NYSE: GS) by more than 16 million shares in the three-month period ending on... Read more...

Judges take on bank settlements

"Why isn't the government getting tough with banks?" It's a question a lot of people have been asking, fairly or not. But when a sitting U.S. federal district court judge asks the question, it takes... Read more...

Goldman Sachs winning lots of advisory work

One big question about Goldman Sachs (NYSE: GS) in the post-SEC settlement era is whether it will have a tougher time winning or retaining clients. Recent deals suggest corporate clients in need of... Read more...

Ex-Bank of America CEO Ken Lewis to stand trial?

Will former Bank of America CEO Ken Lewis (Ken Lewis news), who left the bank in disgrace in the wake of allegations of impropriety around the bank's purchase of Merrill Lynch, ever be put on trial?... Read more...

When will free checking really die?

People have been talking for at least a year about the end of free checking. And there are indeed more banks imposing checking fees or making it more difficult to qualify for "free" checking. Giants... Read more...

Press Releases

$300 Million of Preferred Stock Issued by Farm Credit Bank of Texas

AUSTIN, Texas--(BUSINESS WIRE)-- Farm Credit Bank of Texas (FCBT), a cooperatively owned wholesale funding bank, issued $300 million of perpetual non-cumulative preferred stock on Aug. 26, following Read more >>

Cloutier Participates in Historic FDIC 'Transparency' Forum on Wall Street Reform Act

LAFAYETTE, La., Sept. 2 /PRNewswire/ -- MidSouth Bancorp, Inc. (NYSE Amex: MSL) On August 12 the Federal Deposit Insurance Corporation (FDIC) announced an open door policy that will make it easier Read more >>

CenturyLink to Participate in Analyst Conferences

MONROE, La., Sept. 2 /PRNewswire/ -- CenturyLink (NYSE: CTL) announces that it is scheduled to participate in the following analyst conferences:Kaufman Bros. 13th Annual Read more >>

MSCI Inc. to Present at the Bank of America Merrill Lynch Investment Conference

NEW YORK--(BUSINESS WIRE)-- MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate Read more >>

The McGraw-Hill Companies to Present at the Bank of America Merrill Lynch Investment Conference on September 13

Presentation will be webcastNEW YORK, Sept. 2 /PRNewswire/ -- Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies (NYSE: MHP), will present at the Bank of America Merrill Read more >>