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What will Citigroup do about executive bonuses?

November 17, 2008 — 10:21pm ET | By Jim Kim
This would appear to be a no-brainer. After four straight quarters of massive losses, the elimination of 53,000 jobs, the unsuccessful and embarrassing attempt to buy Wachovia, and the spurning of... Read more...

Should revolving Goldman-government door be investigated?

November 17, 2008 — 2:36pm ET | By Jim Kim
It's a grand tradition at Goldman Sachs: Retire wealthy and go into public service. Henry Paulson is but one example of a former Goldman exec who moved into the highest echelons of government. But so... Read more...

What's up at Citigroup? Regional deals coming?

November 13, 2008 — 9:23am ET | By Jim Kim
Well, it's not quite Wachovia, now is it? For that matter, it's certainly not Goldman Sachs, with which Citigroup had a chance to merge. The news that Citigroup is negotiating to buy Chevy Chase... Read more...

Morgan Stanley cuts jobs, plans retail bank launch

November 12, 2008 — 6:10pm ET | By Jim Kim
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... Read more...

Are banks starting to look better?

November 5, 2008 — 2:17pm ET | By Jim Kim
We noted a while back that the creation of the TARP might prod more equity analysts to rethink their positions on top banks. We're seeing some movement in that direction and there is definitely a... Read more...

Wachovia's earnings: A shocking loss

October 22, 2008 — 1:09pm ET | By Jim Kim
Wachovia's last earnings announcement was a doozy. It reported a massive $24 billion loss. That's $2.23 a share loss versus... Read more...

The big loser in the credit crunch?

October 22, 2008 — 11:23am ET | By Jim Kim
Here's an interesting question: Just how costly will Citigroup's inability to close the Wachovia deal... Read more...

Robert Steel to step down from merged company

October 15, 2008 — 1:56pm ET | By Jim Kim
Robert Steel, we hardly knew ye. The CEO of Wachovia, which recently agreed to merge with Wells Fargo, says he will not stay at the combined company, as there isn't really an operating role for him.... Read more...

Citigroup loses battle to buy Wachovia

October 9, 2008 — 9:01pm ET | By Jim Kim
In the end, Citigroup decided to give up on Wachovia entirely, even though there were signs that the Fed wanted to somehow divvy up the bank. The parties apparently could not agree on how to divide... Read more...

Vikram Pandit lashes out in merger mess

October 8, 2008 — 12:03pm ET | By Jim Kim
Just when you thought that a measure of peace would prevail in the Wachovia-Wells Fargo-Citi mess, Citi CEO Vikram Pandit decides to shake things up. The Financial Times reports that in a "town hall"... Read more...
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