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Tier 1 Capital
Latest Headlines
Latest Headlines
Fed orders more stress tests, dividend hikes coming?
Remember all the stress test drama from 2009? Get ready for a repeat because the Federal Reserve has just ordered that the 19 largest banks must demonstrate their capital is adequate to survive another economic downturn. Banks are required to submit capital plans and detailed balance sheet data by
ERM as important as ever for financial services firms
The just announced Basel III requirements mark a milestone of sorts for banks. There's now a lot more clarity on Tier 1 capital requirements, the types of assets that will count toward capital and
Basel III hits a milestone; U.S. banks have work to do
Top central bankers and regulators gathered in Switzerland over the weekend and finalized the Basel III accord late Sunday. The new rules come just three years after Basel II was adopted. A lot is riding on the outcome of this, as the required ratios and the timetables for adoptions could have
Goldman Sachs to be hit hardest by Volcker Rule?
When it comes to principal investments, the savviest bank by far has been Goldman Sachs ( NYSE: GS ). There was a day when you could count on one big principal transaction per quarter to boost earnings. The company had it down to a science. So is Goldman Sachs now the most vulnerable to the Volc
Paul Volcker unhappy with the Volcker Rule?
Bloomberg reports that Paul Volcker, the former Fed chairman, is unhappy with his eponymous rule. He had in mind a simple idea to prevent commercial banks from owning and operating hedge funds ( hedge funds news) and private equity funds ( private equity news).
The idea was to curb
Effects of regulation on hedge funds not onerous
So how will the historic financial reform effort treat hedge funds? It's fair to say that the industry is almost in celebration mode. The so-called regulatory effort so far treats hedge funds ( hedge fund news) lightly. True, they will have to register, but that's hardly a big deal anymore. M
Citigroup's bailout: The reaction
The move by Citigroup ( C ) to repay its TARP obligations seems to some as motivated by a desire to keep up with Bank of America ( BAC ) more than an indication of the bank's reclaimed health. True, the stock market has picked up, allowing for tantalizing capital raising opportunities. But the
Looking to Bank of America for bank valuations
We've noted that analysts have a lot to deal with when it comes to estimating bank earnings. There's a whole of lot of accounting minutiae to deal with in addition to operations. So the average official estimates have come to mean less and less. But TheStreet.com argues that the decision on wh
Q2 2009 Earnings Reports
Second quarter earnings reports from Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
Bank of America ( BAC )
Earnings Report
Highlights:
Bank of America Earns $3.2 Billion in Second Quarter
Strong Pretax, Pre-provisio
FDIC special fee less than expected
There has been a lot of grumbling as of late about the fees that that the FDIC imposed on member banks to fund the FDIC's insurance reserve. Obviously, the FDIC wants to make sure it can finance more bank closures. But some banks complained they their new fees were way over the top. The FDIC just
