banks news from FierceFinance
The U.S. Banking Collapse
From 2003 to 2007, there were 10 bank failures in the U.S. Already in 2008, 13 banks have failed, with the lowlight being the collapse of Washington Mutual on September 25--the biggest bank failure in American history. What other banks have failed this year? View the list
NewsJPMorgan pulls plug on Citigroup execs' fund
How hard is it to make it in the alternative investment industry these days? Maybe that's a good question for former Citigroup star executives Robert Willumstad and Marjorie Magner, the former chief... Read more...
Big banks get bigger in key markets
When it comes to underwriting, the top banks are now more dominant than they were before the crisis. Goldman Sachs, Morgan Stanley and JPMorgan now collectively "control 42 percent of the global... Read more...
Will TARP warrants eventually be sold to the public?
One of the biggest issues regarding the TARP exit plans now underway is how much banks would pay to buy back warrants from the government. There has been a lot of rancor about whether Joe Taxpayer... Read more...
Citigroup's PR disaster in Japan
This is exactly what Citigroup doesn't need right now: Japan's financial regulator has essentially banned the bank from the retail market for a month after uncovering deficient controls related to... Read more...
RBS entertains well at Wimbledon; too well?
The great sport sponsorship debate that seems to have played itself out in the United States has snuck across the pond. The Royal Bank of Scotland is set to spend roughly $500,000 on corporate... Read more...
Banks face uncertainty on card reserves
Moody's reports that the monthly credit card charge-off rate has risen again in May to another record high, for the sixth straight month. Zacks says the charge-off rate rose to 10.6 percent in May... Read more...
More on pay disadvantage at Citigroup
We've noted that the big banks that can't quickly shake their TARP burdens--Citigroup and Bank of America--face lots of issues, chief among them is the ability to attract to talent. CNNMoney notes... Read more...
Fears about banks rising again
The KBW Bank index has dropped 20 percent since capping in early May. An index of big banks' credit default swaps has meanwhile risen 17 percent. This could be mere market froth, but it does seem... Read more...
Citigroup lays new plans for pay
Citigroup is aiming to stay competitive when it comes to hiring with new compensation plans that will boost salaries to offset expected smaller bonuses. The New York Times says salaries will rise by... Read more...
Bove on the future of Citigroup
Richard Bove--a veritable media figure these days, the "dean of banking analysts" according to Barron's--is bullish on Bank of America and Citigroup. Speaking of the latter, "If you think we are... Read more...
| Press ReleasesNational Bank Acquires All the Deposits of Meridian Bank, Eldred, IllinoisMeridian Bank, Eldred, Illinois, was closed today by the Illinois Department of Financial Professional Regulation-Division of Banking, and the Federal Deposit Insurance Corporation (FDIC) was named Read more >> |
