Tag:
Retail Bank
Latest Headlines
Latest Headlines
Bank of America might ponder Merrill Lynch sale
It's no secret that Bank of America ( NYSE:BAC ) is weighing more asset sales to shore up its capital position ahead of new capital rules from Basel III. But how far will it go? Few would be surprised if it sold all or part of its $21 billion stake in China Construction Bank Corp. But would it g
Barclays spin-off a nonstarter
The idea briefly took hold that Barclays ( Barclays news), the powerhouse U.K. bank, would be wise to spin off its U.S.-based investment bank and wealth management unit--essentially leaving a retail bank--as a way to boost the stock price. The idea was floated by an analyst and generated some p
Wilbur Ross showing the way on bank buyout
We noted recently that purchases of distressed banks by private equity ( private equity news) firms are dicey propositions these days; despite the need for more private cash in these deals, the FDIC has set up some hurdles that have been proven prohibitive in some cases. But Wilbur Ross has fou
Goldman Sachs: Regulations to hit hard?
So what is Goldman Sachs' biggest headache right now? According to Fox Business News , it's not the 50 to 75 pieces of hate mail that CEO Lloyd Blankfein sometimes receives in a single day. The lack of love from regulators is much more pressing problem.
A big question mark hanging over the
Citigroup CEO saga gets more interesting
It may be on again. Bloomberg reports that Citigroup is poised to go ahead with an exchange offer that will result in a much stronger capital position but also leave the government with a 35 percent stake. The exchange offer was delayed last week amid reports that Sheila Bair, of the FDIC, and
Citigroup to make retail push?
The conventional wisdom continues to be that conservative, deposit-taking businesses are in vogue. For Citigroup, you have to wonder if the board will focus on building a truly national retail banking brand. All this makes sense--what else is there to build on? Unfortunately, according to recent a
Should Starbucks become a bank?
By one estimate, 17 percent of consumers either changed banks or opened an extra account at another bank in the last quarter of 2008. Does that spell opportunity for anyone? The Financial Times suggests Starbucks ought to start up a retail bank. It's not kidding (I don't think).
With 7,000
Morgan Stanley's loss bigger than expected
Morgan Stanley reported a fourth-quarter loss of $2.24 per share ($2.3 billion), which was much worse than the 35 cents analysts were predicting. Earnings were weak across the board. Fixed income sales and trading net losses were $1.2 billion. Other sales and trading net losses of approximately $1
Really? Goldman to open an online bank?
Wow, how times have changed. Goldman Sachs is apparently mulling opening an online bank. I just can't see it. Can anyone out there really envision getting a Goldman Sachs toaster in the mail for opening an online account? But Goldman faces a new world of banking, and as of now you have to wonder h
Morgan Stanley cuts jobs, plans retail bank launch
In addition to the 10 percent job excision earlier this year, Morgan Stanley intends to cut another 10 percent across is institutional securities business and almost 10 percent in its asset management business. This is hardly surprising. But the company is not in slash-mode across the entire compa
