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Tag Archives: Citi

$25 bln settlement with US AGs for 8 mln mortgages

The Top 5 banks JP Mrgan, BofA, Wells Fargo, Citi and Ally have agreed to sign a settlement with the AGs apart from agreeing to reform Foreclosure processes in the … Continue reading

January 26, 2012 · 2 Comments

Citibank: Taxing Card Rewards / Frequent Flyer Miles

Citibank is issuing tax demands at 2.5 c per mile on its award miles for opening a savings or checkings account. As of now it just seems like – if … Continue reading

January 26, 2012

Bank Results Season: Goldman Sachs' ends tryst with 2008? – $4.51 for 2011 ain't a bad score | Insider Insight

The firm that has been variously called out as a giant vampire squid, comes close to reporting its lowest annual revenues since 2008’s $22 bln with the expected $28.88 bln … Continue reading

January 18, 2012 · 5 Comments

This week's investment banking buzz and inspiration | Advantage Dealbook

Ocean Tankers – We’ll take Natural gas consignments The problems in Straits of Hormuz apart , comapring revenues from oil and gas containers on the high seas shows analysts in … Continue reading

January 4, 2012

Crisis Theater: Citi's paean to Wall Street

Citi commits to a $400 mln severance writedown, 4500 jobs to go Citi completed housecleaning at the bank seemingly having run off 90% of its bad bank in the last … Continue reading

December 7, 2011 · 2 Comments

This week's investment banking buzz and inspiration | Advantage Dealbook

Citi gets ‘Rakoffed’ Judge Rakoff took out Citi’s settlement of $700mln CDO losses suffered by investors to $285mln on the grounds that Citi had to go through the trial and … Continue reading

November 29, 2011 · 6 Comments

Quality of Bank earnings: The Goldman Sachs CDS writing strategy

In the event that the predictive CDS market actually falls flat again on its face, Goldman Sachs rather perversely, would end up on the wrong side of regulators again for … Continue reading

October 19, 2011 · 1 Comment

Bank Results Season: Wells Fargo raises the bar for Mortgage lenders

Though earnings came a cent below expectations and shares fell 5% in early trading after Citi beat estimates handsomely. Wells Fargo reported $4.06 bln in profits but less than $2 … Continue reading

October 17, 2011 · 2 Comments

Bank Results Season: Citi comes back with another $1.9 bln (Q3 2011 $1.23 EPS / $49.50 TBVPS)

Even as the press release triggers a lot of fact tweets in the social universe ( Follow @zerohedge for some good insights) one finds the CDS betting of Citi giving … Continue reading

October 17, 2011 · 4 Comments

The banks are ready for a comeback..maybe not!

Some change is definitely in the air as more focussed and attentive thought leadership is finally coming out of leading bank investment banking teams, until now letting only their own … Continue reading

September 27, 2011