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"Clearly the solvency issue is back on the table," said a money manager to Business Week magazine about Citi--even after receiving a $25 billion injection from the TARP. My sense is that Citi's tier... Read more...
"It would take a Depression every bit as large and long as the 1930s debacle to shake this company's viability." So wrote analyst Richard Bove about Citi. He thinks the fears are overblown, even as... Read more...
The pressure is on for Robert Steel, the new CEO of Wachovia, who has raised the number of jobs the bank will cut. The AP reports that in a quarterly SEC filing, the bank... Read more...
Financial News Online reports that investment banks will soon start reporting Tier 1 capital ratios, something they have not done previously. (Commercial banks have been doing this for years.) That... Read more...