AP – BULLISH OUTLOOK: Citigroup Inc. says its returning to “sustained profitability” after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.
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The Motley Fool – With the recent auction of Treasury’s Bank of America (NYSE: BAC – News) warrants, the big bank joins Goldman Sachs (NYSE: GS – News), Morgan Stanley (NYSE: MS – News), and several other banks in completing its exit from TARP. But, is it a buy?
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The Christian Science Monitor – They pose as experts, guaranteeing they can stop a home foreclosure. They may promise they can get you to the head of the line, leapfrogging over the thousands of other people trying to renegotiate their mortgage with the bank. But most of all, they want money upfront.
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Reuters – The Federal Reserve should sell its U.S. mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
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Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
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Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
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Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
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Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.
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The Motley Fool – Bank statements don’t make for scintillating reading, but if you take a close look, you could find a few unpleasant surprises. Such was the case when one family glanced at one of its statements and discovered that its bank was simultaneously charging it for banking with online bill pay and banking without it. How the family could be doing both — and paying for it — was perplexing. But there the charges were, $9.95 and $5.95 respectively, leaking dollars out of the checking account.
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AP – Bank of America Corp., the nation’s largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report.
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