Citi and Goldman Sachs Lead Market Rally
Investors are betting that strength in banks will flow to the rest of the economy. Rising financial stocks are pulling the market higher Monday after an influential banking analyst raised her rating on Goldman Sachs Group Inc., which reports earnings Tuesday. Analyst Meredith Whitney said on CNBC that...
Citi and BOA Investment by U.S Government
Citigroup (C Quote) and Bank of America (BAC Quote) are going to take time before they can become good investments for  the U.S. government. Paper losses run $3 billion and $2.2 billion respectively, based on the original strike price for the preferred shares bought by the U.S. Treasury and yesterday’s...
Banks Eager To Repay TARP Money
 The U.S. government is beginning to send signals to the nations leading banks that they will be able to repay federal bailout money, but has not yet made clear how it will decide who will get to go first. The government has kept banks guessing on what exactly it will require before allowing repayment...
Most Banks Pass Stress Test
At least three of the nation’s 19 largest banks have passed government stress tests of their financial strength. American Express, Bank of New York and JP Morgan Chase will not be asked to raise more capital according to federal officials. American Express and JPMorgan would not comment, and a...
Government Cautious About Releasing Stress Test Results
The  U.S. government has not yet decided how to disclose the results of the bank stress tests which could have a negative affect on the markets this upcoming week.  Sources say that officials are working around the clock to figure out how to provide transparency about the results without causing a...
Feds To Keep Stress Test Results Quiet
The Fed met with 19 of the top financial institutions to go over the stress test results. In some cases, some of the tests with each party took less than 30 minutes.  In addition, several of the banks, when tested, mentioned a need for more capital, but no one yet knows who those banks are.  In fact,...