Tag Archive
Citigroup, JPMorgan Raise Recession Fears
Citing a sharp decline in growth and an uncertain political climate, Citigroup Inc. and JPMorgan Chase & Co. both reduced their outlook for the U.S. economy for the remainder of the year and into 2012. JPMorgan analysts issued a note to clients predicting that U.S. Gross Domestic Product for the… read full news Published: Sat,… »
Citigroup, Nomura Change BOE Rate Forecasts After Minutes
Citigroup Inc., Nomura International Plc and Barclays Plc economists pushed back forecasts for a Bank of England interest-rate increase after policy makers noted that recent economic data had been on the downside. All three banks now see the first increase as late as August rather than May. Michael Saunders at Citigroup in London also sees… »
Geithner The Bond Angel – US-FOREX.US
Has the credit crisis passed? Companies sold a record 1.79 billion in bonds worldwide in the first half of the year, according to a recent analysis by the rating agency Standard & Poor’s. Investors have clearly developed an appetite for corporate debt even while some companies, like the CIT Group, struggle under their debt burdens…. »
Citigroup Fights To The Finish – US-FOREX.US
Citigroup, which is set to report second-quarter earnings on Friday, has been trying to come out ahead by handling operations and troubled assets, not to mention reshuffling management. But will it pay off?Wall Street’s wide range of projections average out to a loss of 37 cents per share. Jason Goldberg of Barclays Capital is optimistic… »
Is TARP Still Working – US-FOREX.US
New loan origination at banks that received Troubled Asset Relief Program assistance from the U.S. Treasury slipped 7% between the end of April and the end of March, reports the Financial Services Roundtable, a lobbyist organization that represents 100 large financial companies. The total average loan balances on the books of the banks nearly held… »