In the wake of the results of last week’s stress tests that the Fed conducted on the largest US banks, several of the institutions involved are flooding the market with stock offerings. Some, like KeyCorp …
Articles By Ry
The results of the stress tests are in
by Ryan Caione, May 7, 2009, 5:38 pmThe Fed has released the much-anticipated findings from its stress tests (or, more formally, the Supervisory Capital Assessment Program) that it performed on 19 of the biggest banks and financial services companies in the nation. The tests were conducted in order to …
Boom! Pow! Madden rides horse trailer into the sunset
by Ryan Caione, April 16, 2009, 3:30 pmAmerica’s most popular sport lost its most popular voice when John Madden announced his retirement Thursday after a 30-year broadcasting career. Most recently the color commentator on NBC’s Football Night in America, he put in stints at all …
Some banks say “no thanks” to TARP
by Ryan Caione, March 5, 2009, 6:27 pmAs Citigroup struggles to keep its head above water despite receiving $45 billion in government funds, some banks are looking for ways to return billions from the Troubled Asset Relief Program (TARP) in which the government provided liquidity …
That’s Troubled with a ‘T’ and that spells TARP
by Ryan Caione, February 19, 2009, 11:54 amU.S. Bancorp chairman Richard Davis railed against the Troubled Asset Relief Program (TARP) Tuesday at a business leaders’ forum hosted by Thrivent Financial for Lutherans, claiming the government compelled his bank into accepting $6.6 billion in funds …
The Madoff scandal claims the magnificent and modest alike
by Ryan Caione, February 6, 2009, 11:01 amThe list of investors who have been victimized by the notorious $50 billion fraud case involving Madoff Securities was released in Manhattan bankruptcy court. It has already been reported that many public figures, such …
What’s Citi doing with its TARP funds?
by Ryan Caione, February 3, 2009, 7:48 pmWe can be reasonably sure that Citigroup isn’t making any new capital investments in Japan-based Nikko Cordial, which, despite repeated denials by Citi, is rumored to be on the selling block. We can also safely say that …
Of Super Bowls and stock portfolios
by Ryan Caione, January 30, 2009, 11:47 amIn sports, as in the stock market, past performance is no guarantee of future results. But if you’ve got money invested in the companies that make up the Dow Jones Industrial Average, you might want to pull for the …
Could banks and unions unite?
by Ryan Caione, December 9, 2008, 2:24 pmCNN reported this week that the Service Employees International Union (SEIU), one of the largest labor unions in the country, wants to organize bank workers in light of the $700 billion US government bailout of the industry. According …
FDIC opens bidding on failed bank assets to all comers
by Ryan Caione, December 1, 2008, 9:45 amBuried in the brouhaha over the $20 billion bailout of Citigroup last week was U.S. Bancorp’s takeover of the failed Downey Savings and Loan and PFF Bank …
