Are Agencies Setting Up a Citi Sequel?
Tags: BANKING industry -- Government policy; BAILOUTS (Finance); CITIGROUP Inc. -- Finance; BANK of America Corp. -- Finance
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- B of A, Citi Opt to Repay FDIC Program Money. // American Banker;10/17/2011, Vol. 176 Issue 159, p4
The article reports Bank of America Corp. and Citigroup Inc. are planning to repay their share of $231 billion raised under the U.S. loan and economic stimulus program, Temporary Liquidity Guarantee Program, which was run by the Federal Deposit Insurance Corp.
- Citi Rescue Worked But Fostered Risk. // American Banker;1/14/2011, Vol. 176 Issue F302, p3
The article examines a report by the Special Inspector General for the U.S. Troubled Asset Relief Program (TARP) which found that the 2008 U.S. bailout of Citigroup Inc. saved that bank and may have prevented a financial panic, but at the expense of encouraging laxer risk management at other...
- Good Signs for Large Issuers. Terris, Harry // American Banker;8/18/2009, Vol. 174 Issue 158, p8
The article reports that some major issuers of credit cards saw signs of improvement in financial performance in July, 2009. Bank of America Corp. and Citigroup each reported a declining rate of delinquencies and past due performances by credit card holders. Investment analysts express doubts...
- B of A Nears Deal to Pay For Backing. Hopkins, Cheyenne; Davis, Paul // American Banker;6/8/2009, Vol. 174 Issue 108, p1
The article reports on a deal which was expected to be reached between the U.S. Treasury Department and Bank of America Corp. With the deal the two organizations are expected to determine how much the bank owes the U.S. federal government in fees from an unsigned asset guarantee plan which was...
- Asset Plan Raises Host Of Questions. Hopkins, Cheyenne // American Banker;3/24/2009, Vol. 174 Issue 56, p1
The article discusses the U.S. government's plan to buy toxic assets held by U.S. banks. Although critical questions remain unanswered, the author states, such confusion may not be resolved until the plan begins operation. Commentary is provided by Douglas Elliott, a fellow at the Brookings...
- No `special treatment' for banks on fund bailout, thrift group urges. Fox, Justin // American Banker;9/12/1995, Vol. 160 Issue 175, p2
Reports on a call by America's Community Bankers' to Congress not to give special treatment to banks in the bailout of the Savings Association Insurance Fund. Response to lobbying by banks to reduce their share of the bailout; Concerns about the implications of the banks' request for special...
- Top Issuers, with Less Appetite For Risk, Slashing Credit Lines. Wolfe, Daniel; Aspan, Maria // American Banker;12/2/2008, Vol. 173 Issue 231, p7
This article discusses research by Oppenheimer & Co. indicating that credit card issuers including Bank of America Corp., Citigroup Inc., and J.P. Morgan Chase & Co. are cutting consumer credit lines. The relationship between the 2008 financial crisis and the strengthening of underwriting...
- B of A, Citi, Wells To Sell FDIC Notes. // American Banker;12/2/2008, Vol. 173 Issue 231, p20
This article discusses plans by Bank of America Corp., Citigroup Inc., and Wells Fargo & Co. to sell fixed rate bond notes backed by the U.S. Federal Deposit Insurance Corp. (FDIC). This approach to recapitalization is managed by the FDIC as part of the Temporary Liquidity Guarantee Program. The...
- $800B Capital Shortfall Seen for Some Big Firms. Davis, Paul // American Banker;3/3/2009, Vol. 174 Issue 41, p1
The article reports that the investment research division of Lord, Whalen LLC issued a study stating that the four major U.S. banks may need an additional $800 billion in capital to cope with losses stemming from the financial crisis. The banks studied were Citigroup Inc., Bank of America Corp.,...
