No wonder US banks are on the nose and the Occupy Wall Street groups are slowly making headway in winning over public opinion.
Citigroup
How Gina Rinehart will become the world’s richest person
Gina Rinehart hates the label “Australia’s richest person”. So how will she and the rest of the country react when (not if) she ranks as the “world’s richest”, as can be forecast using the latest research? asks Tim Treadgold.
The shame of Citigroup … fiddling while the poor burn
Citigroup has a rather different take on all of this. It notes that the rich have been getting richer and they want to help them to get yet richer, writes Professor Gavin Mooney, a health economist.
Are the Big Banks cheating?
Goldman Sachs, Citigroup, JP Morgan, and Bank of America have all scored “perfect quarters” — making money on all 61 trading days this year. Are they really that good — or is the system rigged?
Business As Usual: China trade figures still strong … rate rises on hold as Euro relief kicks in …
China’s hot property, plus the relief rally to beat all relief rallies, the Europe rescue in place, all rate rises have been put on hold and other business news of the day from around the globe.
The fickle, fat finger of fate puts the Dow into down
It was a terrible day for a stupid US stock market trader to make a mistake: in just 10 minutes, stupidity wiped about $US1 trillion from the value of Wall Street.
Lobbyists, US big hitter slam ATO over private equity tax row
The private equity tax row continues as lobbyists and one of the richest men in the US lash the Australian Taxation Office’s attempts to levy income tax on certain private equity profits.
Improved Volcker plan still doesn’t go hard enough
With the mooting of the Volcker Rule, it appears that finally the Obama Administration is taking the long-awaited stick to Wall Street.
US banking basket case: not much left in the Citi kitty
Lumbering banking giant Citibank lost $US1.6 billion last year — peanuts really compared to the still-shocking $US27.7 billion lost in 2008.
EMI deal a pain in the (al)bum for private-equity big hitter
The catastrophic failure of record label EMI once again proves that many of the feted masters of the universe are mostly show and very little substance.
Calling bull on the banks
Many of the big US banks — Citigroup and Wells Fargo — are withdrawing from the government stimulus package, so as to limit government control. Little has changed on Wall St, says John Gapper, so can we call the GFC bailout a success?
Kuwait questions Citi and euro zone gets the wobbles
It is impossible to predict where and when the next financial crisis might come. The fears are it will be soon, writes Planet Wall Street’s David Hirst.
Fed’s Thursday statement the key to US concerns
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.
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.
