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Investors turn focus to first-quarter earnings
Breakfast with Benjamin: All eyes are on earnings. Plus: The SEC discovers high-frequency trading, momentum takes out passive investors, AAA credit ratings becoming extinct, new love for emerging markets, six solid stocks to watch this week, overwhelmed at the IRS, and Switzerland votes for the ...
Citigroup's Mexican unit under FBI scrutiny for alleged fraud
Breakfast with Benjamin: Citi under the FBI microscope. Plus: Using P/E ratios to dispel bubble theories, re-calculating the size of the nation's oil reserves, big banks and big overdraft fees, GM and political grandstanding, and it's always a good time to teach kids about money.
Investor bullishness is the latest reason to be cautious about stocks
As investors get increasingly bullish on stocks, the market's warning signs are beginning to mount. Getting that late-1990s feeling Goldman Sachs touts its warm and fuzzy side in an effort to recruit more of those high-maintenance millennials. Hey kid, take the weekend off So much for believing
Why does the SEC protect banks' dirty secrets?
Remember Richard Bowen? He is the former senior executive at Citigroup Inc. who in November 2007 issued a clarion call to his colleagues and Citi's board that a major credit quality problem loomed for the bank. Mr. Bowen was the chief underwriter in the business unit that bought from third parties
INsider: Pandit exit could pave way for Geithner, analyst says
Who did in Vikram Pandit? By most accounts, the former hedge fund manager turned global banking CEO did a great job saving Citigroup Inc. from ruin after taking the job in 2007. Sure, Citi needed a government bailout to avoid bankruptcy — as did several other major U.S. banks. But it's hard to
Smith Barney bites the dust
It's official — management at Morgan Stanley has eighty-sixed the 'Smith Barney' name, rebranding the iconic brokerage as Morgan Stanley Wealth Management. What would John Houseman think?
Citigroup sees significant charge after brokerage valuation
Morgan Stanley's estimate of the fair-market value of the Morgan Stanley Smith Barney unit is about 40% of what Citigroup believes the brokerage is worth, according to a regulatory filing
How will Libor scandal affect wirehouse advisers?
The unfolding investigations into manipulation of the LIBOR interest rate could be the next ugly story that wirehouse advisers will have to explain to clients.
Morgan Stanley's big Smith Barney decision
As executives at Morgan Stanley begin negotiations over boosting the firm's stake in its brokerage joint venture with Citigroup Inc., they undoubtedly will weigh whether a potential deal on the purchase price is worth the damage it would inflict on the firm's credit rating.
Citi willing to unload rest of Smith Barney stake: Analyst
Bank interested in selling remaining 35% share of brokerage to MSSB -- if the price is right
Senator to Citi: Enough already with the tax forms for frequent-flier miles
Brown sends letter to Pandit telling bank to stop sending 1099s to customers who received miles for opening savings accounts; 'creating baseless fear'
Citi settles with Finra over alleged conflicts at its brokerage
Company failed to dislose business relations with companies covered in research notes, regulator says
SEC's suit against Citigroup on hold
MOTION TO BE HEARD The Securities and Exchange Commission's suit against Citigroup Inc. will remain on hold while a federal appeals court considers whether to review a judge's rejection of a $285 million settlement in the case. In a series of rulings stemming from a November decision by U.S.
‘Unpersuasive' Citi must pay whopper of an award to former clients
Judge upholds Finra's earlier decision in muni bond fund dispute; ordered to pony up $54M
SEC's court troubles in Citigroup settlement echo in Wisconsin
The U.S. Securities and Exchange Commission, facing growing judicial scrutiny over how it resolves enforcement matters, was asked by a federal judge in Milwaukee to provide a “factual predicate” for a proposed settlement with a company accused of accounting fraud.
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February 27, 2014