Banks

  • 22 Jan 2015 at 5:19 PM
  • Banks

Citigroup Is Not Going To Fail Another Stress Test

Couldn't possibly look more excited.

Couldn’t possibly look more excited.

What’s more, Mike Corbat has some other goodies for his shareholders in the works as well. Read more »

  • 16 Jan 2015 at 1:25 PM
  • Banks

Horrific Bank Quarterlies Not Funny Anymore

BATTEN DOWN THE HATCHES!

BATTEN DOWN THE HATCHES!

So the clowns over at Citigroup had another underwhelming performance? What else is new? Brian Moynihan still look like his favorite Irish setter was just flattened by an asphalt roller? Yawn. JPMorgan Chase still being held upside-down by the Justice Department until all of its profits (and then some) fall out? Unfortunate, but not unexpected.

Goldman Sachs taking a 7.1% drop on fixed-income, currency and commodity trading? Now it’s fucking serious. Read more »

Get pat on the back from Prince Alwaleed? Check!Earlier today, Citigroup chief Mike Corbat told analysts that the bank has made “significant progress on our top priorities.” Said priorities do not appear to include boosting profits and revenues or trading, but may include paying as much as possible on legal matters. Read more »

  • 15 Jan 2015 at 4:15 PM
  • Banks

BofA’s Best Quarter Of The Year Not Actually That Great

Could really use a win right now.11% drop in profitability and all—was BofA’s second in the black of 2014, so that’s something! Read more »

  • 14 Jan 2015 at 4:50 PM
  • Banks

Wells Fargo Had A Quarter

Pretty weighed down.Some banks are still having difficulty boosting their profits. John Stumpf sympathizes with them. Sure, his bank continues to rake in increasing amounts of dough every quarter, but it’s not like all is rosy on the wagon train. Read more »

Ready to settle this thing like men, if necessary.Jamie Dimon isn’t convinced that JPMorgan Chase would be better off with him running only half of it. He is convinced that it would be better off if the Feds stopped taking their $1 billion of flesh every quarter. Alas, he can’t promise that they will. Read more »

  • 13 Jan 2015 at 1:47 PM
  • Banks

HSBC Won’t Be Laundering Money By 2018

If everything's not cleaned up in time, Stuart Levey will get this haircut.Money-laundering operations of the size and scale previously boasted by HSBC are not dismantled in a day. Or 730 days. But within 1,826 days? They definitely won’t be the banker of choice for drug cartels or rogue states anymore. So just cool your heels, Michael Cherkasky. Read more »

  • 08 Jan 2015 at 4:12 PM
  • Banks

Italian Police Would Like A Word With Credit Suisse

Ciao.Also, a look around its Milan digs. You know, just in case there’s anything sitting around about the Swiss maybe helping some Italians hide a few euros in Bermuda. Read more »