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Teresa Dial - Top Executive Resignations

Name: Teresa Dial Company: Citigroup (NYSE: C) Former Position: CEO, Consumer Banking in North America The End: Dial resigned Jan. 11 as CEO of Consumer Banking in North America "to devote time and... Read more...

Moody's expects less support for banks

While the Dodd-Frank law leaves much to be decided, it seems clear that there will be much less public support available for the biggest banks. So if they run into trouble, creditors will be in worse... Read more...

Citigroup explores Volcker Rule options

Citigroup (C) is exploring a variety of options to comply with the Volcker Rule, which on the surface reduces the amount of proprietary investing a bank can do. One possibility, which has been... Read more...

Goldman Sachs' hedges on AIG exposure debated

Is it an end to one Goldman Sachs conspiracy theory? Some have suggested the reason government officials bailed out AIG (NYSE: AIG) was to help exposed investment banks, notably Goldman Sachs (NYSE:... Read more...

Goldman Sachs reveals counterparties in AIG mess

Goldman Sachs (NYSE: GS) benefited greatly when the government decided to bailout AIG (NYSE: AIG), as it was paid in full on the collateral that AIG owned for various CDSs. Goldman Sachs has also... Read more...

Latest Feinberg report raps Citigroup, other banks

We knew it was coming, and now it has arrived. Kenneth Feinberg's parting shot as pay czar--he is about to assume his duties as BP claims czar--is a doozy. The New York Times reports that he will... Read more...

Citigroup's "global bank" shtick

At Citigroup (NYSE: C), the marketing rhetoric has shifted. Instead of aspiring to be a "universal bank," it now aims to be a "global bank." CEO Vikram Pandit (Vikram Pandit news) has long held that... Read more...

Green Data Centers

Used to house computers and IT components, data centers are major energy guzzlers. Yet, in efforts to increase environmental efficiency, cut back expenses, and get some positive PR, many financial... Read more...

Lloyd Blankfein's endgame to mimic Sandy Weill's?

There are several opinions out there on the fate of Lloyd Blankfein (Lloyd Blankfein news), CEO and chairman of Goldman Sachs (NYSE: GS). Some think that the $550 million settlement with the SEC was... Read more...

Banks aim to minimize losses from reform

The broad contours of financial reform--especially for credit and debit card operations--have been roughly clear for some time. Banks have been busy figuring out every possible angle, with an eye on... Read more...

Press Releases

Fitch Publishes U.S. CMBS Focus Report on CGCMT 2007-FL3

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has published its U.S. CMBS Focus Performance Report on Citigroup Commercial Mortgage Trust, series 2007-FL3 (CGCMT 2007-FL3). The report provides a detailed Read more >>

Fitch Affirms Banamex at 'A-' and Individual at 'B/C'; Outlook Stable

MONTERREY, Mexico--(BUSINESS WIRE)-- Fitch Ratings has affirmed Banco Nacional de Mexico's (Banamex) ratings as follows: Banamex: --Long term Issuer Default Rating (IDR) at 'A-'; --Short-term IDR at Read more >>

BullMarket.com Previews Earnings for JP Morgan, Bank of America, Citigroup & GE

PRINCETON, N.J., July 12 /PRNewswire/ -- BullMarket.com (http://www.bullmarket.com), an online investment newsletter focused on long-term growth and income-generating stocks, has provided subscribers Read more >>

Intevac Announces Favorable Result of Auction Rate Securities Arbitration

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) announced today that an arbitration panel of the Financial Industry Regulatory Authority (“FINRA”) entered an award requiring Read more >>

Citigroup Inc. Announces Results of Cash Tender Offer to Purchase Any and All of Certain Series of its Outstanding Notes

NEW YORK--(BUSINESS WIRE)-- Citigroup Inc. today announced the results of its offers (the “offers”) to purchase for cash any and all of its notes (the “notes”) of the series set forth in the table Read more >>