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GE, Citigroup Suddenly Trade Like Twins
Shares of both General Electric and Citigroup have traded markedly lower since the companies reported their third-quarter results in mid-October.
02:49PM 11/06/09
Senior writer Dan Freed finds no small amount of irony in Citigroup's IPO plans for insurance and mutual funds unit Primerica.
11:19AM 11/06/09
Bank Buyout Boom Stalls Before It Starts
The rush of private equity dollars into the banking sector anticipated by some earlier in the year appears to have been derailed by the FDIC guidelines unveiled in August.
06:00AM 11/06/09
BofA Could Take Cue From Ford, IBM
Bank of America's board might do well to look outside the banking sector for a CEO to replace Ken Lewis, who will leave the post at the end of the year.
08:43AM 11/05/09
Gasparino Insists Kelly Still On BofA List
Bank of New York Mellon Chairman and CEO Robert Kelly is still in the running to be the next CEO of Bank of America, according to a report by CNBC's Charlie Gasparino.
12:08PM 11/04/09
Ex-Citi Exec To Start Hedge Fund: Report
A former Citigroup executive, Tom Maheras, has reportedly raised $100 million to start his own hedge fund, according a published report.
11:35AM 11/04/09
Goldman Sees Hedge Fund Rebound
Goldman Sachs sees a resurgence in the hedge fund industry, according to bullish comments Wednesday on Och-Ziff Capital Management.
11:20AM 11/04/09
Citigroup's executive ranks remain intact nearly a month after a report from consultant Egon Zehnder was critical of certain members of senior management.
08:42AM 11/04/09
Overlooked Banks Tend to Outperform
Mutual holding companies, a group of semi-public banking institutions, have an unusual capital structure that might offer some advantages over traditional names
02:05PM 11/03/09
Senior writer Dan Freed notes that Morgan Stanley's stock has outperformed its peers since John Mack announced his plans to step down from the CEO post.
08:49AM 11/03/09
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