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S&P Cuts Outlook on Citi, Bank of America
Standard & Poor's cut its outlook to negative from stable on Bank of America and Citigroup, citing increased concerns about what will happen if the government does away with its 'too big to fail' mantra.
01:30PM 02/09/10
Regionals Get a Clue on Capital Ratios
The recent equity raise by PNC Financial as part of its plan to repay bailout funds potentially provides a valuable clue about what capital standards regulators will eventually adopt.
01:31PM 02/08/10
JPMorgan's Dimon Gets No-Cash Bonus
JPMorgan Chase CEO Jamie Dimon received restricted stock and options within his bonus package for 2009, but no cash, according to the company.
12:21PM 02/05/10
MasterCard Shares Slump After Profit Miss
MasterCard shares were down in premarket action after the payments firm's fourth-quarter results fell short of Wall Street expectations.
09:26AM 02/04/10
Visa Shares Rise on Strong Profit Report
Visa posted better than expected results for the fourth quarter and showed more confidence in its revenue outlook for the full year late Wednesday.
02:01AM 02/04/10
PNC Prices Stock Offering at Slight Discount
PNC Financial priced an offering of nearly 56 million common shares at $54 each on Wednesday as part of its efforts to pay back government bailout funds.
10:30AM 02/03/10
Visa, MasterCard: Earnings Preview
Visa and MasterCard are set up to report their quarterly results this week and analysts expect profit growth in the double-digits from both firms.
07:00AM 02/03/10
PNC to Sell $3B in Stock, Repay TARP
PNC Financial Services said late Tuesday it plans to sell about $3 billion worth of common stock and repay its TARP tab of $8 billion.
05:28PM 02/02/10
Bank of America's Web Site Working Again
Bank of America's Web site was functioning again Friday evening after being out of order for most of the day.
09:19AM 01/30/10
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