Word: bankes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...TARP may simply disappear before the eyes of everyone debating how it should be used. Bank of America (BAC) is negotiating with the government for billions and billions of dollars to close its acquisition of Merrill Lynch. That was not how it was supposed to work. BAC was supposed to have had the balance sheet to suck up both Merrill and Countrywide...
...Sitting on the government's side of the table in the talks with Bank of America are officials from Treasury, the Fed, and the FDIC. The deposit insurance agency does not have to capital to bail out a lot of big banks. It has to worry about work-outs for smaller ones that are failing. The Fed is willing to lend big banks money for a short term. It is not likely to get into the business of trading cash for equity...
...Treasury has already been through a round of throwing money at financial firms in exchange for equity and the possible right of making sure bank executives get the salaries they deserve rather than the ones their boards give them...
...Once Congress does go along with letting Obama's Treasury Secretary have access to the $350 billion still left from the money that was allocated for the TARP, a great deal of it may be going right back out to banks. The forecast now is that Citigroup (C) could lose $10 billion this quarter. A look at what is happening to consumer credit, LBOs, and the alarming increase in corporate bankruptcies means that Citi may need more than one injection of capital this year. The same holds true for Bank of America and a number of other financial firms which...
...What to See All over the city, the old has become new again, from the Philadelphia Museum of Art's recently renovated Perelman Building - currently showing exhibitions on Matisse and African-American quilts - to the Pantheon-like Ritz-Carlton, housed in the refitted century-old Girard Trust bank. America's past also gets a fresh approach at the National Constitution Center, a high-tech temple to the country's cornerstone legal document. On Jan. 19 - Martin Luther King Day - the center opens "America I AM," an exhibition celebrating the contributions of African Americans to U.S. history. Among the artifacts...