Word: bankses
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Citigroup (C) has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury's reaction will probably be that it wants to stay out of a fight with Congress and avoid negative public opinion...
Wall St.'s primary argument for keeping a high level of compensation for its best investment bankers and traders is that, if they leave, overall losses at banks could get worse. People can be profit centers. The most successful ones help offset the red ink created by the series of...
The Wall Street Journal has reported that Citigroup (C) and Bank of America (BAC) have done poorly on their "stress tests". Each bank may be encouraged to raise more capital. As a number of analysts have pointed out, private equity has no interest in stakes in troubled banks even at...
It is easy to say that because Citi and B of A are public companies that the government's shares can be sold. That will be nearly impossible. The minute the Fed signals that it is time for an orderly exit is the minute that other shareholders get panicky, driving...
Though Correa has cajoled oil companies to hand over a bigger share of revenue to the government and pressured banks to cut interest rates, Ecuador - unlike Venezuela and Bolivia - hasn't nationalized industries. Indeed, Correa does not shy from development that irks his presumed base of support. A workaholic micromanager...