Tag: citigroup
Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes
by Abigail Field on Mar.11, 2011, under Towing
Almost as soon as regulators proposed a settlement for the mortgage mess that would require banks to obey the law, the banks’ Republican allies began trying to weaken it through obfuscation and confusion. Read on for some plain English translations of their arguments against the settlement.
Continue reading Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes
Decoding the GOP Argument Against Punishing Banks for Their Mortgage Crimes originally appeared on DailyFinance on Fri, 11 Mar 2011 12:00:00.
Filed Under: Columns, Economy, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Real Estate, Credit
Citigroup: The Most-Shorted Stock in America
by Douglas McIntyre on Mar.10, 2011, under Towing
Citigroup is the most-shorted stock on any major U.S. exchange. Its position at the top of the pack is due to the bank’s stock price and ongoing concern about its balance sheets and mortgage foreclosure practices.
Continue reading Citigroup: The Most-Shorted Stock in America
Citigroup: The Most-Shorted Stock in America originally appeared on DailyFinance on Thu, 10 Mar 2011 06:30:00.
Filed Under: JP Morgan Chase, Ford Motor Co, Bank of America, Citigroup, Credit
The Millionaire Class: Most New U.S. Senators are Rich
by Danny King on Mar.09, 2011, under Towing
Approximately 60% of first-year U.S. senators and 40% of House of Representatives freshmen are worth at least $1 million, according to the Center for Responsive Politics. That makes them far richer than most of the Americans they represent: Just 1% of the country’s population has reached the $1 million mark.
Continue reading The Millionaire Class: Most New U.S. Senators are Rich
The Millionaire Class: Most New U.S. Senators are Rich originally appeared on DailyFinance on Wed, 09 Mar 2011 18:30:00.
Filed Under: Pfizer, Citigroup, Merck, Wells Fargo & Co
The Risks of the Mortgage Mess: The Banks’ View
by Abigail Field on Mar.02, 2011, under Towing
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks’ annual reports shed some light on their attitudes toward the mortgage mess.
Continue reading The Risks of the Mortgage Mess: The Banks’ View
The Risks of the Mortgage Mess: The Banks’ View originally appeared on DailyFinance on Wed, 02 Mar 2011 22:30:00.
Filed Under: Company News, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Real Estate
Buzzword of the Week: Talking in Circles
by Bruce Watson on Mar.01, 2011, under Towing
In business jargon, it seems like round has come back around. We’re hearing a resurgence of the defense-minded phrase “circling the wagons,” as well as the extremely slippery phrase “circle back,” which changes its meaning completely depending on who’s saying it.
Continue reading Buzzword of the Week: Talking in Circles
Buzzword of the Week: Talking in Circles originally appeared on DailyFinance on Tue, 01 Mar 2011 12:00:00.
Filed Under: Columns, People, Media, Altria Group, Citigroup
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