This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Europe Banks to Repay Less of Crisis Loans Than Expected: Hot Trends

Stocks in this article: C

NEW YORK ( TheStreet) -- Popular searches on the Internet include LTROs, or long-term refinancing operations, after news that banks in Europe will pay back much less of the expected amount of crisis loans they borrowed from the European Central Bank a year ago.

Banks will repay the ECB €61.1 billion ($80.8 billion) in the second of two three-year loans they took out. The ECB said 356 banks decided to repay funds from the second loan at their earliest opportunity on Feb. 27.

A Reuters poll estimated banks would return €130 billion of the second round of loans.

The ECB loaned banks more than €1 trillion in two rounds of LTROs in December 2011 and February 2012. Last month, banks opted to repay the ECB €137.2 billion of the first of the twin loans at their earliest opportunity on Jan. 30, a good sign of the banking system's return to health.

Citigroup (C) is trending as the bank plans to overhaul its bonus payout structure, bowing to shareholder anger over executive pay.

A portion of the pay packages given to top executives now will be linked to Citi's performance. That portion, called performance share units, will be linked to the company's performance in comparison to its competitors and return on assets. The company's board will continue to approve base salaries, cash bonuses and deferred stock given to those executives.

Citigroup Chairman Michael O'Neill said in a regulatory filing that a five-member committee on executive pay determined the new plan after meeting with investors.

Last April, more than half of Citi's shareholders voted against the bank's bonus packages.

Citigroup paid new CEO Michael Corbat $11.5 million in 2012. He received one of the few cash bonuses still being paid out to Wall Street CEOs that year.

Twitter is another popular search. The social microblogging site was the victim of security breach of Zendesk, a customer service software provider.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs