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Out of the frying pan and into the fire? It may seem that way to Citi. The company's third-quarter earnings were abysmal; the $2.8 billion loss marked its fourth-straight losing quarter. Investment... Read more...
We have a bit more clarity on the Lehman Brothers situation now that it has released preliminary third-quarter earnings and a peek at capital raising activity. The firm says it will sell a 55 percent... Read more...
So the rumors turned out to be true. Lehman Brothers is indeed shopping around its asset management unit, which includes Neuberger Berman,... Read more...
The two firms that arguably fared the best though the credit crunch--Goldman Sachs and JPMorgan Chase--might run into a bit of turbulence in... Read more...
Bank of America's first-quarter earnings of 23 cents a share sorely lagged the average estimate of 41 cents. The somewhat ominous twist this time is that the bank seems to be feeling the effects of... Read more...
Citigroup's first-quarter earnings weren't hugely inspiring. You have to wonder whether this will accelerate the move by many clients and... Read more...
People are talking about JP Morgan Chase's plans to raise $7 billion in perpetual preferred stock. Can't blame the bank for wanting to raise... Read more...
The view that banks likely will take their worst earnings in decades is justified. It's much worse than the dot-com implosion. Hard to believe up to 200,000 jobs could be lost. First-quarter earnings... Read more...