Tag:
capital
Latest Headlines
Latest Headlines
Fed proposal holds big surprises
The 173-page proposal from the Federal Reserve issued this week contained some surprises.
Chiefly, the Fed has proposed new limits that could restrict business between big institutions. The net credit exposure between two systemically significant banks would be capped at 10 percent of a compan
Brian Moynihan speaks as stress tests loom
Bank of America CEO Brian Moynihan has perhaps the hardest job in banking.
Fixing up the troubled banking giant--which is reeling from the economy and the disastrous Countrywide purchase in 2008--has proven a massive challenge with no true success in sight. The rockiness of the recovery path h
Bank of America: capital looms as a huge issue
Bank of America has steadfastly maintained that it is in decent position regarding Basel III capital requirements.
CEO Brian Moynihan has further said that a large capital raise would not be necessary because the bank could raise enough capital via retained earnings and asset sales. The decisi
Bank of America assets sales get underway
Bank of America CEO Brian Moynihan in recent days has indicated that he is bent on selling more noncore assets in order to stave off either a massively dilutive capital raise or a sale of a true crown jewel, like Merrill Lynch.
In the most recent deal, Bank of America has agreed to sell the Ca
Wells Fargo sticks to capital-raising plans
Turns out that we're not the only ones who are wary of all the bullishness on upcoming earnings. Federal regulators think banks' projections are too rosy; they've decided to limit the amount of capital that can be contributed via higher earnings, according to media reports. Some banks, like Bank o
Lehman Brothers' near-deal with South Korean institutions
It's not hard to conclude that Lehman Brothers is scouring the globe for capital. The latest: The firm nearly struck a deal to raise almost $5 billion from South Korean institutions, but the agreement fell apart. The news, reported by the New York Post , is yet another sign that Lehman Brot
John Thain strikes back
Merrill Lynch CEO is feeling some heat right. The latest source of controversy: his decision to sell Merrill Lynch's portfolio of collateralized debt obligations at 22 cents on the dollar. That has led many to speculation about the value of similar assets at other firms. Thain tells the New York
Tier 1 capital becoming a big issue?
Financial News Online reports that investment banks soon will start reporting Tier 1 capital ratios, something they have not done previously. (Commercial banks have been doing this for years.) That just might throw an even more intense spotlight on perceived capital deficiencies at top banks,
The great bank implosion: How bad will it get?
The great bank implosion is on. The pain is spreading from the global banks--the Citigroups and Bank of Americas--out to the heartland. Some are expecting a wave of failures. I'm not talking about anything along the lines of the savings-and-loan crisis, but we've gotten so accustomed to stabil
Citigroup earnings worse than expected
Citigroup  lost $1.02 per share, lagging behind the average estimate of 95 cents a share. This is one of those downside surprises that somehow is not all that surprising. The bank wrote off $12 billion in subprime-related debt, bond insurer exposure, leveraged loan commitments, auction rate s
