Matthew Mccormick News
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Citigroup Inc., the third-largest U.S. bank by assets, retreated from an effort to win Federal Reserve approval to boost payouts for shareholders this year.
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Matthew McCormick, a portfolio manager at Bahl & Gaynor, and Bloomberg's Jonathan Weil discuss how much JPMorgan Chief Executive Officer Jamie Dimon knew about the firm's $2 billion trading loss. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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On today’s “Reganomix” Bahl & Gaynor’s Matthew McCormick and Graham Fisher’s Josh Rosner discuss whether there should be a new version of Glass-Steagall. They speak with Bloomberg’s Trish Regan on Bloomberg Television’s “Street Smart. (Source: Bloomberg)
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Citigroup Inc., the bank that’s been paying a 1-cent quarterly dividend since last year, may wait until it submits a 2013 capital plan to the Federal Reserve before seeking approval to boost the payout or buy back shares.
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To Kevin Conn, who has been analyzing bank stocks for 15 years, the investment climate for Wall Street’s biggest firms has entered the realm of science fiction.
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Citigroup Inc., the third-biggest U.S. bank by assets, dropped 8.2 percent in New York trading after the bank reported an unexpected fall in fourth-quarter earnings on a slump in trading revenue.
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Investors are pouring more money than ever into Canada, drawn by earnings growth that almost equals China’s and shares trading for 18 percent less.
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Wells Fargo & Co.’s board of directors had a busy final week of 2009. On Dec. 23, the San Francisco-based lender returned to the Treasury the $25 billion it had borrowed under the U.S. government’s Troubled Asset Relief Program. That freed the bank from the Treasury’s rules on executive pay.
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Wells Fargo’s John Stumpf was the highest-paid CEO among the 50 biggest financial firms in our annual ranking. Goaded by pay master Ken Feinberg, firms cut pay 21 percent overall.
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By Nikolaj Gammeltoft July, 2010 (Bloomberg Markets) -- Wells Fargo’s John Stumpf was the highest-paid CEO among the 50 biggest financial firms in our annual ranking. Goaded by pay master Ken Feinberg, firms cut pay 21 percent overall. Wells Fargo & Co.’s board of directors had a busy final week of 2009. On Dec. 23, the San Francisco-based lender returned to the Treasury the $25 billion it had borrowed under the U.S. government’s Troubled Asset Relief Program. That freed the bank from the Treasury’s rules on executive pay. The next day, the board made John Stumpf the best-paid chief executive officer of the 50 biggest financial companies by awarding him shares of Wells Fargo stock valued at about $10 million. Stumpf, 56, earned his No. 1 ranking in Bloomberg Markets’ Finance 50 by receiving $21.3 million in salary and stock in 2009, more than doubling his 2008 compensation, Bloomberg
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