RSS Feed
Goldman Top Execs to Forgo Cash Bonuses
Goldman Sachs Thursday said members of its management committee will get restricted stock instead of cash bonuses in 2009.
01:10AM 12/11/09
Shorts Target Bank of America, Citigroup
Short interest rose in Bank of America, Bank of New York Mellon and Citigroup rose considerably in the second half of November, according to a report.
02:19PM 12/10/09
A BlackRock Manager's Top Financial Picks
BlackRock fund manager Kevin Rendino is currently underweight the financial sector, but his top picks in the group include JPMorgan Chase and Travelers Cos.
07:00AM 12/10/09
Clock Ticks on E*Trade CEO Replacement
E*Trade is looking increasingly likely to have to extend its search for a new CEO into 2010 to replace Don Layton, who currently plans to resign at the end of the year.
09:08AM 12/09/09
GE Finance Unit Sees Flat 2010 Earnings
General Electric forecast flat earnings for its closely-watched finance unit in 2010 as losses peak, though it sees continued weakness in its real estate unit.
04:38PM 12/08/09
CIT Aims to Emerge From Bankruptcy Thurs.
Mid-market lender CIT is aiming to emerge from bankruptcy protection Thursday after a US Bankruptcy Court's approval of its prepackaged reorganization plan.
02:58PM 12/08/09
Morgan Stanley Details Executive Shuffle
Morgan Stanley Tuesday announced changes to its top management team expected to take effect at the start of the year, when James Gorman takes the over the CEO post from John Mack.
01:03PM 12/08/09
Discover Has Capital, But Mum on TARP
Discover Financial appears to have enough capital to pay back its TARP funding, but analysts who follow the company see no urgent need for the credit card issuer to do so.
07:00AM 12/08/09
Goldman Cuts Discount Brokerage Sector
Goldman Sachs downgraded the discount brokerage sector to neutral on Monday, citing concerns a continued low interest rate environment will hurt margins and fee income.
10:12AM 12/07/09
Small Well-Capitalized Banks Like TARP
Many small and mid-sized banks that have accepted TARP funds aren't in any rush to pay the Treasury back.
09:04AM 12/07/09
Connect with TheStreet