Citigroup

Has Warren Buffett Just Called the Bank Bottom?

NEW YORK (Source: CNNMoney By Paul R. La Monica) — Bank of America CEO Brian Moynihan has a new BFF. His name is Warren Buffett. Heard of him?


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Paulson, Soros Pared Financial Stocks Last Quarter Before Losses

Aug. 16 (Source: Bloomberg) – Hedge funds run by John Paulson, George Soros and Steve Mandel cut back on bank shares in the second quarter, before Citigroup Inc. and Bank of America Corp. lost more than one-fifth of their value.


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Bank of America, 20 Other Banks Cut by Goldman

NEW YORK (Source: The Street  By Dan Freed) — Bank of America(BAC), Citigroup(C) and 19 other banks received reduced price targets from Goldman Sachs analysts on Thursday.


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Worrying About Big Banks’ Afterlives; GOP Intransigence on Taxes

(Source: Bloomberg BusinessWeek) – Bank of America (BAC) and Citigroup (C) stood out for all the wrong reasons in the Aug. 8 market decline. Shares of the two banks—both are among the roughly 40 U.S. institutions considered too big to [...]


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S&P Slammed by Wall Street Over Pulled Mortgage Ratings

(source: Bloomberg By Sarah Mulholland) – Wall Street banks including Morgan Stanley and Deutsche Bank AG slammed Standard & Poor’s decision to suspend ratings on commercial-mortgage bonds after finding a flaw in the review process.


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10 Regional Banks the Government Loves

(Source: Seeking Alpha) – A lot of banks are hated. They’re hated by the government, sued by state attorney generals, the subject of endless and costly law suits. I’m talking about Bank of America (BAC), J.P. Morgan (JPM), Citigroup (C), [...]


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Bank Earnings Estimates Keep Getting Worse

(Source: Wall Street Journal By Shira Ovide) – Another day, another earnings downgrade for some of America’s largest financial institutions.


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Big Banks May Soon Shed Jobs

NEW YORK (Source: By Michael J. MooreBloomberg News ) — Financial firms, shunned by investors to a degree seen only once in the last 20 years, are becoming a smaller part of the economy as they deal with a past [...]


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