Tag:
Treasury
Latest Headlines
Latest Headlines
Treasury didn’t push Countrywide purchase
The Charlotte Observer offers an interesting peek into the minds of Treasury officials as Bank of America made its ill-fated play to buy the once-ballyhooed, now disgraced Countrywide mortgage company.
Then CEO Ken Lewis, whose career imploded because of the deal, was touting it as savvy m
PIMCO's Bill Gross reverses bet on Treasury bonds
PIMCO's Bill Gross generated headlines--he always generates headlines--for his well-publicized bet that long-term Treasury would rise earlier this year.
The big bet spooked some of his peers into following suit, which turned out to be a bad move, as Treasuries soared, shaking out a lot of the
JP Morgan exec:Q3 trading revenue down about 30%
So how tough is the earnings environment in the third quarter? James Staley, CEO of JP Morgan's investment bank, took the stage at the Barclays conference and offered a preview.
According to Bloomberg , he told the audience that trading revenue will be down on a sequential basis about 30 pe
Citigroup VP arrested, charged with massive fraud
How could this have happened? Gary Foster--until recently the vice president of Citigroup's Treasury finance department--has been arrested at Kennedy International Airport and charged with embezzlement as he returned from a trip abroad.
According to TheStreet.com, between July 2010 and Dec
Treasury exempts forex market from OTC rules
Many have suggested the government's financial regulatory zeal has waned. One need only look at the decision last week to exempt the $4 trillion-a-daily transactions forex market from the same sort of treatment that is in the works for OTC derivatives. The move comes at a time when the CFTC and SE
Neil Barofsky, TARP watchdog, earns praise
Farewell, Neil Barofsky. You will be missed. Most people assume TARP has been a huge success in part because the costs to American taxpayers may not be as large as initially expected. But has its work left the financial system any stronger?
This is how Barofsky, the outgoing special inspector
Citigroup to boost dividends?
The government's sale of its remaining 2.4 billion shares of Citigroup ( NYSE: C ) went better than expected, generating $10.5 billion. That goes with $21.3 billion already raised from previous stock sales, $2.2 million in TruPS repayments, $20 billion in Targeted Investment Program Repayment an
How much will taxpayers make on the Citigroup bailout?
For all of the angst over the bailout of big American financial institutions, several can claim they haven't cost taxpayers a dime. The Treasury has announced that, via Morgan Stanley, it will sell its remaining 2.4 billion shares in Citigroup, which it bailed out to the tune of $45 billion in 200
What to make of financial reform bill?
It looks like we're well on our way to having a financial reform bill. And there's a lot of opinion on whether it's worth its weight in paper--the bill runs to nearly 2,000 pages. The President still intends to sign a bill by July 4th, and there's reason to be optimistic. To be sure, there wil
The ultimate effect of the Volcker Rule unknown
The Volcker Rule sounds great in theory. Banks that enjoy federal guarantees shouldn't be in the game of risky proprietary trading, which includes investing proprietary funds in hedge funds and other alternative investments. Their main game ought to be lending, according to reform advocates.
V
