Contradictory Personal Finance News
It’s not until you explore the numbers that the picture emerges on two personal finance reports that are seemingly different. It becomes clear the message is the same in both, though.
Citi Announces New Co-Presidents, Other Changes
CitiBank is working from a proactive stance these days, including shifting its management team around. CEO Michael Corbat says it’s only going to strengthen the big bank.
One Last Fiscal Cliff Look for 2012
Last day of the year and one last look at fiscal cliff while we’re still a few hours on this side of it. Recession has been guaranteed if lawmakers can’t find solution and interest rates will rise and tax breaks …
Wall Street 2012: A Look Back
In a word, “unpredictable” is best used to describe the year on Wall Street. Here’s how the money movers made it happen.
Morgan Stanley Hit With $5M Fine
Morgan Stanley is facing its second massive fine this year. This time, the Facebook IPO brouhaha is cited as the reason for the $5 million fine.
Madoff Brother Faces 10 Years
As his older brother, Bernard, spends 150 years in prison, Peter Madoff is looking at 10 years.
How’s This for a Tax Shelter?
Should Amazon be allowed to bypass American tax laws by setting up an existence in a small country?
AIG Names New CEO, Announces Final Securities Brokerage Buy
New faces, new acquisitions and new banking dynamics are the common themes at Bank of America as we prepare to ring out 2012.
What CFPB Hasn’t Done
We hear alot about CFPB – but there’s a lot the consumer watchdog group hasn’t done.
What Obama Re-Election Means for Banks
Dodd Frank, CFPB, an Obama second term – all of these dynamics are important to both Wall Street and bankers. Here’s what the election results mean to them.
AMEX Wins Another Lawsuit Against Rapper
Celebrities are drawn to American Express – and American Express loves them too. Until the stop making their payments.
SEC Looking into Citi’s Disclosure of Pandit’s Exit
Vikram Pandit may be gone from Citibank, but for the banking giant, it means an SEC probe.