Tag:
Benchmarks
Latest Headlines
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
Vanguard fires a subadvisor, stokes criticism
You would think that a fund firm would generate applause for firing an underperforming advisor. But when Vanguard fired AllianceBernstein as co-subadviser of its U.S. Growth Fund, it sparked cries of "what took so long." No less than John Bogle took up the cause, telling Investment News , "I h
A look at Goldman Sachs' trading prowess
One of the those weird benchmarks that have emerged in recent years is the number of days in a quarter that a bank can rack up $100 million in trading revenue. The more days above $100 million, the better the press (in normal times anyway). The latest on Goldman Sachs ( GS ) is that it has stepp
Markit under investigation
If you are familiar with the CDS market, you are well aware of how much influence Markit has. The tiny firm owned by top dealers--including JPMorgan Chase, Goldman Sachs, Citigroup, Deutsche Bank, Bank of America and Morgan Stanley--had developed and licensed the only derivatives pricing benchmark
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 the departure of Ajay Banga, CEO of Citigroup's Asia Pacific operations, for MasterCard and Bank
Assessing capital needs of Bank of America, Citigroup
The industry is buzzing about the stress tests, the results of which will be made public the week of May 4, but news is already developing. The Wall Street Journal is reporting that Citigroup and Bank of America have been told they need to raise capital. This news has gone over like a bomb
