Forrget China, South Korea, and even Japan: when it comes to confidence in the global financial system, the world remains firmly coupled to the US.
Citigroup
REVEALED: Who’s on Timothy Geithner’s speed dial?
The AP has obtained seven months of US Treasury Secretary Timothy Geithner’s appointment records, finding he spends more time chatting with executives from Goldman Sachs, JPMorgan and Citigroup than the President himself. Is he getting too close to Wall St?
US Bank DeathWatch: Another seven go as Guaranty teeters
The slow death of American banks continues, with another nasty bout of closures on Friday night — six in the state of Georgia alone.
US banks still world’s best practice in failure
Most American economists and the big end of Wall Street are ignoring the increasing failure rate among American banks.
Ruling class welfare caused the crash
Bailing out the rich will only exacerbate the economic mess that threatens to envelop the globe, says Pam Martens
Citi off the Dow as Fed lays down the law
Citigroup was exiled from the Dow Jones industrial average overnight as the US Federal Reserve laid down the law to 19 US banking groups with Government capital injections.
Bendigo and Adelaide should come clean on MIS
Bendigo and Adelaide Bank should fully disclose the entire exposure the bank has to the collapsed management investment scheme industry.
Citi looks stuffed after all
Citigroup’s stress-test result is looking more like an F than the B+ it first appeared.
Wall St relaxes as stress tests loom
The lunatics running the asylum have concluded the dull days have gone and it’s up, up, up from now on.
Citigroup in bonus payout shame
It’s difficult to think of a worse time for the world’s biggest bank to be pushing the banker bonus issue.
Bank profits appear out of thin air
Goldman Sachs et al all tried to wow their audiences with what appeared to be — presto! — better-than-expected numbers. No-one was buying it.
Bank DeathWatch: two more US banks add to toll
America is now heading for its worst year for bank failure since 1993.
RuddNet funding in serious doubt, say analysts
Leading broking and investment firms have cast doubt on the ability of the Federal Government to fund the $43 billion NBN, writes Glenn Dyer.
Sharemarket boomlet will end in tears
The rising sharemarket is ignoring the shaky fundamentals that continue to haunt the global economy, writes Glenn Dyer.
Channel Seven to buy Fairfax?
Citigroup research released over the weekend lays out the case for a complex bid by the Seven Network to buy Fairfax Media, writes Glenn Dyer.
US back fiddling the books on GFC
As the G20 were preening and congratulating themselves, US regulators were hard at work changing their accounting standards to placate the likes of Citigroup, writes Glenn Dyer.
Bank DeathWatch: US tops sweet sixteen
US bank regulators closed two more banks at the weekend, taking the number of failures so far this year to 16, writes Glenn Dyer.
Ten becomes The Biggest Loser
As expected, shares in the Ten Network plunged this morning after it failed to get any takers for its search for a spare $90 million. writes Glenn Dyer.
Ten shares on the nose of brokers
The Ten Network’s attempts to raise up to $90 million in an issue of 120 million shares at 75 cents raises more questions than the announcement answers, writes Glenn Dyer.
Bank DeathWatch: US lenders go to the wall
Three small regional US banks were shut over the weekend, taking to six the number of failures in January, writes Glenn Dyer.
Business briefs: Citi slims down … ATM drunks shafted
Citi slims down … ATM drunks shafted … virtual tax men
Citigroup the thin end of the US wedge
The US government’s bailout of Citigroup chafes with a raft of recent economic data showing the US economy won’t stabilise until the cause of the crisis, tumbling house prices, recover writes Glen Dyer:
Bank Deathwatch: US, Dubai, Germany, Ireland — no one’s safe
Just another three days of activity in the tottering global banking system, reports Glenn Dyer.
Business briefs: Retail figures to paint a grim picture… Waiting for Black Friday
Retail figures to paint a grim picture … The Reserve Bank’s credit figures … Waiting for Black Friday … Wesfarmers defends Coles purchase … The rise and fall of Jeremy Reid … Rubin under the microscope
