304430 Stories, most recent news story added Fri Dec 4, 4:23 pm ET
After Bank of America's (BAC) announcement Thursday that it would repay its $45 billion share of the Troubled Asset Relief Program, the government may be close to selling its stake in Citigroup (C).
Credit Suisse, Deutsche Bank and Goldman Sachs are among the firms that are set to earn a combined £107 million, or $178 million, for advising the British government on the bailout of its banking industry.
Dec. 4 (Bloomberg) -- JPMorgan Chase & Co. lists lots of assets, ranging from loans to securities to cash, on its $2 trillion balance sheet . Not to be found is one that might be its most valuable -- Goldman Sachs Group Inc.
People are angry at Goldman Sachs . They have become so angry that these people have become blind to the real issues surrounding Goldman’s coming supersized bonus announcements.
Shares of cigarette maker Reynolds American Inc. rose Friday after a Citigroup analyst upgraded the stock based on projections of profit and dividend growth.
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon.
Dec. 4 (Bloomberg) -- The U.S. Treasury Department’s refusal to sell its 34 percent stake in Citigroup Inc. is hampering the bank’s plans to repay $20 billion of remaining bailout funds, people familiar with the bank said.
Goldman Sachs ’s chief executive, Lloyd C. Blankfein, is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, The Financial Times reported.
Dec. 4 (Bloomberg) -- Credit Suisse Group AG hired Saqib Islam from Lazard Ltd . as a managing director and head of health-care equity capital markets, which underwrites and sells stocks.
Citigroup may end up being the last major bank trapped by TARP, and that's its own fault.
Dec. 4 (Bloomberg) -- Citigroup Inc.’s plan to repay $20 billion of bailout funds and escape government-imposed pay limits is being hampered because the Treasury Department has yet to sell its 34 percent stake in the lender, people familiar with the bank said.
Hoping to staunch public anger over annual bonuses, Goldman Sachs (GS) will likely pay top executives in stock instead of cash, The Financial Times reported.
Executives can't sell stock to raise money for repayment until the Treasury signals how it will unload its 7.7 billion Citi shares, sources say
“We believe these announcements may imply that a sale of the government stake in Citi is closer to happening, which we would view as a positive for Citi shares,” Deutsche Bank analysts Matt O’Connor and Robert Placet in New York wrote in a note to clients today.
Dec. 4 (Bloomberg) -- Credit Suisse Group AG , Deutsche Bank AG, Goldman Sachs Group Inc. and law firms working on the government bailouts of British lenders Northern Rock Plc and Royal Bank of Scotland Group Plc will earn 107 million pounds ($178.2 million) in fees for their advice.