For all the concern that the Federal Reserve may reduce economic stimulus and the stalemate over the U.S. budget could lead to a government shutdown, stock investors are the calmest in more than seven years.
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.
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)
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)
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.