Tag:
raising capital
Latest Headlines
Latest Headlines
A side benefit to TARP payback: Fees
Big banks, wisely or not, have been in a frenzy to pay back their TARP obligations, which lead to a massive bout of capital raising. Capital raising in December will end up setting a new record, thanks to the efforts of Citigroup ( C ), Bank of America ( BAC ) and Wells Fargo ( WFC ).
Ac
How will Lehman raise capital?
KBW analysts, after meeting with the Lehman Brothers COO, are telling clients that Lehman is not likely to sell its Neuberger Berman asset management unit. The unit is just too integral to its operations and too valuable from a credit ratings agency stand point. So it looks like all that talk
Capital raising to get harder for commercial banks
We all get the sense that banks are due for some more capital raising. But it comes down, in large part, to upcoming writedowns. If they are much worse than expected, banks will have to hit the capital trough again, notes Investors' Business Daily . The problem is, raising capital will only get
Banks binge on preferred shares
Financial services firms have raised $54.7 billion this year, compared with $25.3 billion at the comparable point last year (Dealogic). Bank of America  has raised the most, $10 billion. Citigroup  is not far behind, according to Financial News Online . All of this is not exactly good
SPOTLIGHT: RBS CEO
Fortune notes that Fred Goodwin, CEO of Royal Bank of Scotland, is known as Fred the Shred because of his penchant for keeping costs low. Shareholders have other epithets after the bank was forced into a $24 billion capital raising effort. Article
(Fred Goodwin, low costs, raising
How low can Citigroup's dividend go?
Oppenheimer analyst Meredith Whitney is making a career in some ways off of Citigroup . She was among the first and the boldest to predict that Citigroup would have to slash its dividend and take other capital raising steps. She was right, of course, and earned a bit of fame. This year, Citigr
