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The U.S. Treasury has officially lost its entire $2.33 billion TARP investment in CIT Group, according to a company filing with the Securities and Exchange Commission.
10:02AM 02/09/10
John Thain, the new CEO of CIT Group, seems to be down a pay grade or five since he made more than $80 million in 2007 at the helm of Merrill Lynch.
04:33PM 02/08/10
Regionals Ripe for TARP-Related Stock Sales
Shares of regional banks that still owe bailout funds may be primed for a pullback if the companies are required to sell additional stock in order to make repayment.
11:15AM 02/08/10
Goldman CEO's Bonus: $9M, No Cash
Goldman Sachs Chairman and CEO Lloyd Blankfein was awarded a bonus of $9 million worth of stock and no cash for 2009, according to a Securities and Exchange Commission filing late Friday.
06:17PM 02/05/10
Even if the Volcker Rule never passes, it has already proved costly for Citigroup as the spectre of the legislation was likely a factor in the resignation of two proprietary traders to join a hedge fund this week.
01:26PM 02/05/10
Five Longshot Geithner Replacements
With rumblings persisting that Timothy Geithner could get bounced from the Treasury Secretary post, senior writer Dan Freed mulls over potential successors.
01:17PM 02/05/10
Five Safe-Bet Geithner Replacements
With rumblings persisting that Timothy Geithner could get bounced from the Treasury Secretary post, senior writer Dan Freed mulls over potential successors.
12:43PM 02/05/10
By Gregg Greenberg | By Dan Freed
NEW YORK (TheStreet) -- Dan Freed digs into a questionable e-mail written by a JP MorganChase investment banker describing a meeting where JP MorganChase CEO Jamie Dimon and Banco Santander boss Emilio Botin discussed plans to divide the banking world.
11:17AM 02/05/10
JPMorgan M&A Email Raises Questions
An internal e-mail describing a meeting involving JPMorgan CEO Jamie Dimon and Banco Santander boss Emilio Botin offers a fascinating glimpse into how deals get done in the banking industry.
03:49PM 02/04/10
Bank Homeowner Bailouts Lift Insurers
Loan modifications through the HAMP program look like a positive for Genworth and the other mortgage insurers, although re-defaults remain a concern for analysts.
09:45AM 02/02/10
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