Tag:
Bank Bailout
Latest Headlines
Latest Headlines
Bankers and regulators make odd bedfellows on debt ceiling issue
We noted recently that Wall Street seemed rather blasé as the debt ceiling fight trudged on. But as the deadline for a debt deal nears--August 2 looms--that has changed in a big way.
Wall Street executives have now joined the battle, and in so doing they have made allies (if only temporar
BankUnited offering draws strong reviews
The private equity industry is giddy about the strong showing of BankUnited in the aftermarket. The IPO caps what many think is a good outcome to a bank bailout, a nice way to reassure people that the broad industry bailout of smaller banks is proceeding well.
Depending on your point of view,
Fannie and Freddie bailout to cost $1 trillion?
The lack of an effective plan to grapple with ailing GSEs Fannie Mae and Freddie Mac stands as a glaring omission in the historic financial reform bill working toward completion. The hope, of course, is that regulators will get to this issue in due time. The need right now, however, is acute.
Will compromises allow financial reform bill to be signed by July 4?
The Obama Administration's goal all along was to have a financial reform bill signed into law by July 4. Are we going to make it? My sense is that we will. Of course, the posturing is most intense as deadline approaches.
With the health care reform bill, there was a last-minute deal breaker ov
Wells Fargo to pay back TARP funds
Wells Fargo ( WFC ), despite its earlier pronouncements that it would be shareholder-friendly when it paid back its TARP funds, is not about to be left on the hind one. No way. When Bank of America ( BAC ) and then even Citigroup ( C ) announced they would pay back their TARP funds, it was o
Bank of America's new ad campaign
Ad campaigns are like political campaigns, in that they're less about the advertiser's core values and more about what people want to hear. At Bank of America ( BAC ), the marketing research showed that people wanted "clarity" in turbulent times. They were tired of big national stories about ban
White House: No requests for more bailout funds
The White House says it will not go back to Congress seeking more bank bailout funds. So why did it put a $250 billion "placeholder" in its budget for additional funds for the financial industry? Perhaps if things get much worse, it will have no choice; the Treasury Department has about $110 billi
The problem with the bank aid programs
The special inspector general with oversight over bank bailout activity has issued his second report to Congress, and it is not pretty, according to the New York Times . Neil Barofsky criticized the Obama Administration for several deficiencies, including the lack of information that the plan r
Citigroup on the mend?
Some good news from Citigroup CEO Vikram Pandit: "I am most encouraged with the strength of our business so far in 2009," he wrote in a memo obtained by media outlets. "We are profitable through the first two months of 2009 and are having our best quarter-to-date performance since the third quarte
Tax on securities trades the answer?
The issue of whether we should tax trades to help pay for the bank bailout reflects as much as the anything the changed attitude toward Wall Street. We'll see how deep the anger runs; it just might pass into law. Recall that it would levy a 0.25 percent tax on financial transactions and raise appr
