Banks

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Government to sell Citigroup warrants

Jan 26, 2011
The auction of Citi warrants continues Washington's exit from the troubled bank and will add to the $12 billion profit the Treasury has made.
Posted In: Banks

China prepares to take over its first bank inside the U.S.

Jan 24, 2011
The Industrial and Commercial Bank of China, or ICBC is hoping to purchase 80 percent of the U.S. division of the Bank of East Asia. Rob Schmitz reports.
Posted In: Banks, China

Bank of America's Countrywide hangover

Jan 21, 2011
Bank of America's losses show it's still paying the price for Countrywide's bad housing bets. How deep is the bank's mortgage hole?
Posted In: Banks

Bank profits rise, but revenues sag

Jan 19, 2011
Banks are bouncing back with strong profits as they purge bad loans. But new regulations are cutting into what's needed most for growth: revenue.
Posted In: Banks

Potential fallout from WikiLeaks obtaining Swiss bank data

Jan 17, 2011
A former Swiss banker gave the website WikiLeaks the names of around 2,000 alleged tax-dodgers with accounts in the Cayman Islands. The website plans to release the names shortly. Jeff Tyler reports.
Posted In: Banks

AIG prepares to sell 'damaged goods'

Jan 17, 2011
It may take a little while, but AIG is on the road to repaying billions it got in bailout money. But to do that, the company needs to repair a damaged image. Mitchell Hartman explains.
Posted In: Banks

Banks' profits may include reserves -- but that may be a good thing

Jan 15, 2011
As banks start to report their earnings for the year, some analysts may warn that the numbers a bit inflated because the banks are counting the reserves they set aside before the meltdown. But counting those reserves now isn't really being untruthful, report Bob Moon.
Posted In: Banks

Is it possible to predict what's "too big to fail"?

Jan 14, 2011
Next week a new government panel is supposed to come up with a list of "systemically important financial institutions" -- those companies that are supposed to be vital to the financial system. But Treasury Secretary Timothy Geithner says you'll only know it when you see it.
Posted In: Banks

Weekly Wrap: Bank profits

Jan 14, 2011
Kai Ryssdal talks to Leigh Gallagher from Fortune Magazine and John Carney from CNBC about the week's news from Wall Street and beyond.
Posted In: Banks, Wall Street

Bank dividends could be back, according to analysts

Jan 14, 2011
For a couple of years, big banks stopped paying out dividends to their investors. But with big profits returning to the banking sector, analysts say those dividends could be back.
Posted In: Banks

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