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.
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.
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.