Citigroup Inc (C) 48.06 $C
Final Glance: Banks companies
AP - Thu Aug 07, 5:13PM CDT
NEW YORK (AP) — Shares of some top banks companies were down at the close of trading:
BofA Hikes Dividend 400%, Nears Record MBS Settlement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 5:00PM CDT
Much to the delight of investors, Bank of America (BAC) has increased the quarterly common stock dividend from 1 cent per share to 5 cents.
JPMorgan (JPM) Sees LA Lawsuit Dismissed - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:50PM CDT
U.S. District Judge Otis Wright II in Los Angeles accepted the bid filed by JPMorgan Chase & Co. (JPM), accusing the banking behemoth of discriminatory lending practices towards minority borrowers.
Inadequate 'Living Wills', Banks to Correct Flaws by 2015 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:20PM CDT
Banks have failed to convince the FDIC and the Federal Reserve regarding their respective 'Living Wills', a measure to prove that they could be easily be wound down in case of collapse.
SPDR(R) ETF Family Announces Impact of Receiving Settlement Payment
Business Wire - Thu Aug 07, 3:00PM CDT
The Financial Select Sector SPDR(R) Fund (NYSE: XLF- News), announced today that the Fund received payment as an authorized claimant from a class action settlement related to Citigroup, Inc.
Midday Glance: Banks companies
AP - Thu Aug 07, 12:31PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Bank of America Settlement Will Again Bypass Hardest Hit States
at The Street - Thu Aug 07, 12:01PM CDT
States such as Florida and Nevada that were hardest hit by the mortgage crisis will again miss out on cash payments in an expected settlement for more than $16 billion.
Early Glance: Banks companies
AP - Thu Aug 07, 9:59AM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 10 a.m.:
Fed Rules Cut Into Jumbo, Nontraditional Home Loans
at Investor's Business Daily - Thu Aug 07, 7:02AM CDT
New federal home-mortgage regulations that went into effect in January have made approvals tougher for buyers seeking home-purchase jumbo loans and nontraditional mortgages, a Federal Reserve survey released this week shows. More than half of senior...
Citigroup-SEC $285M Settlement Gets U.S. Judge Approval - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 06, 3:50PM CDT
On Tuesday, U.S. District Judge Jed Rakoff unwillingly approved Citigroup Inc. (C) a U.S. Securities and Exchange Commission (SEC) settlement of $285 million. The decision comes two months after the 2nd U.S. Circuit Court of Appeals in Manhattan rescinded Jed Rakoff's decision to reject the settlement in June.
S&P Faces Charges over Mortgage Ratings: 3 Safe Mortgage Funds - Best of Funds
Zacks Equity Research - Zacks Investment Research - Wed Aug 06, 12:03PM CDT
The fresh charges against S&P related to its ratings to six commercial mortgage backed securities may deter investor mood. The whole episode could have a large detrimental effect on investments in mortgage bond funds. However, we will pick 3 top rated mortgage funds that are safe investments.
BofA Gets Green Light From Fed For Dividend Hike
at Investor's Business Daily - Wed Aug 06, 10:50AM CDT
Bank of America (BAC) will increase its dividend for the first time in seven years after getting approval from federal regulators. BofA shares rose in heavy volume after the Federal Reserve said Wednesday it had accepted a revised capital plan filed...
Florida, Nevada Can't Win for Losing on Mortgage Crisis
at The Street - Wed Aug 06, 6:00AM CDT
Aggressive enforcement by Democratic attorneys general led to big payouts for five states in recent multibillion dollar settlements with JPMorgan and Citigroup.
NY judge warily lets $285M Citigroup deal proceed
By LARRY NEUMEISTER - AP - Tue Aug 05, 6:28PM CDT
NEW YORK (AP) — A Manhattan judge begrudgingly approved a long-delayed $285 million settlement between Citigroup Inc. and government regulators Tuesday over toxic mortgage securities, but not without a parting shot at the appeals court that forced his hand.
ClearBridge Value: Making It A Top Mutual Fund Again
at Investor's Business Daily - Tue Aug 05, 5:30PM CDT
How do you follow a legend? That's been one of the challenges for Sam Peters, who has been lead manager of $2.7 billion ClearBridge Value since taking the baton from Bill Miller about two years ago. Miller -- who still runs $2.1 billion Legg Mason...
US regulators: Banks' failure plans inadequate
AP - Tue Aug 05, 5:19PM CDT
WASHINGTON (AP) — Federal regulators have told the biggest banks in the U.S. that their plans for unwinding their operations in case of failure are inadequate to prevent the sort of financial disaster that struck in 2008 and led to a massive government bailout.
How Will Citigroup (C) Stock Be Affected By SEC Settlement?
at The Street - Tue Aug 05, 2:13PM CDT
A U.S. district judge reluctantly approved a $285 million fraud settlement between the bank and the SEC, after an appeals court voided his decision to reject it as inadequate.
Citi to Source $2.5 Billion to "Power Africa"
Business Wire - Tue Aug 05, 1:50PM CDT
Citi has pledged to source $2.5 billion in incremental capital to improve access to electricity for millions of people across Africa as part of the "Power Africa" initiative.
Final Glance: Banks companies
AP - Thu Aug 07, 5:13PM CDT
NEW YORK (AP) — Shares of some top banks companies were down at the close of trading:
BofA Hikes Dividend 400%, Nears Record MBS Settlement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 5:00PM CDT
Much to the delight of investors, Bank of America (BAC) has increased the quarterly common stock dividend from 1 cent per share to 5 cents.
JPMorgan (JPM) Sees LA Lawsuit Dismissed - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:50PM CDT
U.S. District Judge Otis Wright II in Los Angeles accepted the bid filed by JPMorgan Chase & Co. (JPM), accusing the banking behemoth of discriminatory lending practices towards minority borrowers.
Inadequate 'Living Wills', Banks to Correct Flaws by 2015 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:20PM CDT
Banks have failed to convince the FDIC and the Federal Reserve regarding their respective 'Living Wills', a measure to prove that they could be easily be wound down in case of collapse.
SPDR(R) ETF Family Announces Impact of Receiving Settlement Payment
Business Wire - Thu Aug 07, 3:00PM CDT
The Financial Select Sector SPDR(R) Fund (NYSE: XLF- News), announced today that the Fund received payment as an authorized claimant from a class action settlement related to Citigroup, Inc.
Midday Glance: Banks companies
AP - Thu Aug 07, 12:31PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Bank of America Settlement Will Again Bypass Hardest Hit States
at The Street - Thu Aug 07, 12:01PM CDT
States such as Florida and Nevada that were hardest hit by the mortgage crisis will again miss out on cash payments in an expected settlement for more than $16 billion.
Early Glance: Banks companies
AP - Thu Aug 07, 9:59AM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 10 a.m.:
Fed Rules Cut Into Jumbo, Nontraditional Home Loans
at Investor's Business Daily - Thu Aug 07, 7:02AM CDT
New federal home-mortgage regulations that went into effect in January have made approvals tougher for buyers seeking home-purchase jumbo loans and nontraditional mortgages, a Federal Reserve survey released this week shows. More than half of senior...
Citigroup-SEC $285M Settlement Gets U.S. Judge Approval - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Aug 06, 3:50PM CDT
On Tuesday, U.S. District Judge Jed Rakoff unwillingly approved Citigroup Inc. (C) a U.S. Securities and Exchange Commission (SEC) settlement of $285 million. The decision comes two months after the 2nd U.S. Circuit Court of Appeals in Manhattan rescinded Jed Rakoff's decision to reject the settlement in June.
S&P Faces Charges over Mortgage Ratings: 3 Safe Mortgage Funds - Best of Funds
Zacks Equity Research - Zacks Investment Research - Wed Aug 06, 12:03PM CDT
The fresh charges against S&P related to its ratings to six commercial mortgage backed securities may deter investor mood. The whole episode could have a large detrimental effect on investments in mortgage bond funds. However, we will pick 3 top rated mortgage funds that are safe investments.
BofA Gets Green Light From Fed For Dividend Hike
at Investor's Business Daily - Wed Aug 06, 10:50AM CDT
Bank of America (BAC) will increase its dividend for the first time in seven years after getting approval from federal regulators. BofA shares rose in heavy volume after the Federal Reserve said Wednesday it had accepted a revised capital plan filed...
Florida, Nevada Can't Win for Losing on Mortgage Crisis
at The Street - Wed Aug 06, 6:00AM CDT
Aggressive enforcement by Democratic attorneys general led to big payouts for five states in recent multibillion dollar settlements with JPMorgan and Citigroup.
NY judge warily lets $285M Citigroup deal proceed
By LARRY NEUMEISTER - AP - Tue Aug 05, 6:28PM CDT
NEW YORK (AP) — A Manhattan judge begrudgingly approved a long-delayed $285 million settlement between Citigroup Inc. and government regulators Tuesday over toxic mortgage securities, but not without a parting shot at the appeals court that forced his hand.
ClearBridge Value: Making It A Top Mutual Fund Again
at Investor's Business Daily - Tue Aug 05, 5:30PM CDT
How do you follow a legend? That's been one of the challenges for Sam Peters, who has been lead manager of $2.7 billion ClearBridge Value since taking the baton from Bill Miller about two years ago. Miller -- who still runs $2.1 billion Legg Mason...
US regulators: Banks' failure plans inadequate
AP - Tue Aug 05, 5:19PM CDT
WASHINGTON (AP) — Federal regulators have told the biggest banks in the U.S. that their plans for unwinding their operations in case of failure are inadequate to prevent the sort of financial disaster that struck in 2008 and led to a massive government bailout.
How Will Citigroup (C) Stock Be Affected By SEC Settlement?
at The Street - Tue Aug 05, 2:13PM CDT
A U.S. district judge reluctantly approved a $285 million fraud settlement between the bank and the SEC, after an appeals court voided his decision to reject it as inadequate.
Citi to Source $2.5 Billion to "Power Africa"
Business Wire - Tue Aug 05, 1:50PM CDT
Citi has pledged to source $2.5 billion in incremental capital to improve access to electricity for millions of people across Africa as part of the "Power Africa" initiative.
