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Banks rush to sell FDIC-backed bonds

December 3, 2008 — 2:09pm ET | By Jim Kim
Top Wall Street firms are in something of a frenzy to issue FDIC-backed bonds, under the Fed's Temporary Liquidity Guarantee Program. Citigroup and Wells Fargo are marketing such deals now, according... Read more...

Yet another attempt to save Citi

November 24, 2008 — 8:35am ET | By Jim Kim
Wow! The weekend drama ended with a bang: A radical government plan to keep Citi afloat. The plan will back up to $306 billion of loans and certain other assets, all of which will remain on Citi's... Read more...

Why the bailout has not lifted confidence

October 9, 2008 — 2:27pm ET | By Jim Kim
We've seen some amazing government moves in the last few days: the bailout plan; the decision to directly buy short-term commercial paper from companies; the decision to provide yet more liquidity to... Read more...

How the government fares in Wachovia bids

October 7, 2008 — 8:52pm ET | By Jim Kim
While it's tempting to think that the Wells Fargo bid is superior to the Citi bid because it does not require government assistance, it may not be that simple. There are costs to taxpayers either... Read more...

The most Citigroup can hope for

October 7, 2008 — 1:27pm ET | By Jim Kim
The three-way tussle for Wachovia right now seems to favor Wells Fargo. Breakingviews notes that the Wells-Wachovia deal is superior in every way to the Citigroup-Wachovia deal. That is painfully... Read more...

Bailout plan passes Senate, moves to House

October 2, 2008 — 7:30am ET | By Jim Kim
Is there any doubt that the bailout plan has become a political issue now? Substantively, the bailout plan that passed the Senate was really not much different from the one that was soundly rejected... Read more...

Profiting from the credit crisis

September 29, 2008 — 12:07pm ET | By Jim Kim
Does it ever seem that the financial services world is one big insiders game, even when it comes to regulatory activity? Here's how Business Week puts it: "Some of the finance outfits being tapped by... Read more...

Citigroup to buy Wachovia

September 29, 2008 — 12:06pm ET | By Jim Kim
Another day, another bank "failure." Citigroup will buy Wachovia for $1 a share, in a deal that was brought about by regulators. Citigroup's shareholders may not be applauding, seeing as the bank... Read more...

WaMu fails, government steps in

September 26, 2008 — 8:04am ET | By Jim Kim
Washington Mutual, even with Goldman Sachs working on its behalf, ran out of time Thursday. Things had deteriorated to the point that the FDIC had no choice but to step in. They seized the thrift in... Read more...

WaMu, saved in the nick of time?

September 23, 2008 — 12:29pm ET | By Jim Kim
All seemed lost for Washington Mutual just as few days ago. AIG had just cratered, as had Lehman Brothers. Everyone knew WaMu was on its last legs. Goldman Sachs staged an auction that attracted no... Read more...
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