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By Jesse Westbrook and Liam Vaughan, Bloomberg |
July 6, 2012
Robert Diamond said a backlash that has led to the resignation of senior managers and erased $5 billion from the bank’s market value is a consequence of the lender being the first sanctioned for rigging interest rates.
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By Andrew Harris, Christine Harper and Lindsay Fortado, Bloomberg |
July 5, 2012
Barclays Plc investors, blindsided by the bank’s $451.4 million regulatory fine for trying to rig benchmark rates, saw the stock drop 16 percent a day later. Other bank shareholders may be just as surprised.
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By Canaccord Genuity Morning Coffee |
June 25, 2012
Ratings agency Moody's downgraded 15 of the world's biggest banks last Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities
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By Dakin Campbell and Michael J. Moore, Bloomberg |
June 22, 2012
Credit Suisse Group AG’s credit rating was cut three levels and Morgan Stanley’s was reduced by two as Moody’s Investors Service downgraded 15 banks in moves that may shake up competition among Wall Street’s biggest firms.
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By Donal Griffin, Bloomberg |
June 20, 2012
Citigroup Inc. could take a $3 billion to $5 billion “hit” this quarter related to foreign exchange, according to Charles Peabody, an analyst at Portales Partners LLC.
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By Michael McFarlin |
May 24, 2012
One of the major concerns supposedly addressed in the Dodd-Frank Act was that many banks had become “too-big-to-fail.” Here's a look at the size of the 10 largest banks in 2008 compared to now.
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By Christopher Condon and Joshua Gallu, Bloomberg |
May 1, 2012
Citigroup Inc., Morgan Stanley, UBS AG and Wells Fargo & Co. agreed to pay a combined $9.1 million to settle regulatory claims they failed to adequately supervise the sale of leveraged and inverse exchange-traded funds in 2008 and 2009.
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By Canaccord Genuity Morning Coffee |
April 17, 2012
Citigroup’s Q1 earnings came in ahead of expectations, helped by an improvement in its capital markets performance, sending shares higher on Monday.
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By Canaccord Genuity Morning Coffee |
December 8, 2011
Presenting at Goldman Sachs U.S. Financial Services Conference, Citigroup Chief Executive Officer Vikram Pandit announced plans to cut about 4,500 jobs in coming quarters
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By Press Release |
October 19, 2011
The SEC charged Citigroup’s principal U.S. broker-dealer subsidiary with misleading investors about a $1 billion CDO tied to the U.S. housing market in which Citigroup bet against investors as the housing market showed signs of distress
