Search Results for: Citigroup Inc
Banks Cash In on Mergers Intended to avoid Taxes
July 29th, 2014
Jamie Dimon, the chief executive of JPMorgan Chase, recently said, “I love America.” Lloyd Blankfein, the chief executive of Goldman Sachs, wrote an opinion article saying, “Investing in America still produces the best return.” Yet guess who’s behind the ...
JPMorgan begins to provide consumer help under $13 billion settlement
July 22nd, 2014
JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year’s $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a ...
AbbVie-Shire Deal Is Expected, in a Flight to a Lower-Tax Locale
July 18th, 2014
The biggest deal of the year is set to be announced on Friday morning, as the pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according to people briefed on the matter. The deal will allow ...
Bank Earnings Give Stocks a Boost
July 15th, 2014
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...
Asian shares nudge higher, oil nurses losses
July 14th, 2014
Asian shares rose on Monday as euro zone banking jitters faded, but investors remained cautious ahead of corporate earnings and a raft of global economic events, including testimony from the head of the Federal Reserve. MSCI’s broadest index of ...
Tech earnings may boost market in flux
July 14th, 2014
Move over, underperforming banking sector. This week, major players in the tech space will report second-quarter results, and it could be a boost to a direction-seeking market in flux. Analysts project the tech sector will have a 12.3% growth ...
Holder won’t meet with BofA CEO as mortgage talks stall
July 10th, 2014
Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its ...
Shale boom confounds forecasts as U.S. set to pass Russia, Saudi Arabia
July 9th, 2014
Four years into the shale revolution, the U.S. is on track to pass Russia and Saudi Arabia as the world’s largest producer of crude oil, most analysts agree. When that happens and by how much, though, has produced disparate ...
Barclays rebuilds top team at investment bank unit
July 9th, 2014
Barclays has reshuffled its investment banking team, promoting people to senior positions in Asia, Europe and the US to fill gaps created when executives left after it announced a sweeping restructuring of the underperforming division. The moves are a ...
The Sterner, Stricter SEC
July 1st, 2014
As Mary Jo White sees it, the Securities and Exchange Commission’s job is to patrol Wall Street and Main Street and catch financial fraudsters. Since becoming the agency’s chair in April 2013, White, a former federal prosecutor and defense ...
