The financial world is changing and some banks are better suited for the future of banking, but which ones?
Bank of America and Citigroup could take a page from UBS' reorganization.
Sheila Bair on finance.
Citi is far from perfect, but this global bank is dirt cheap and reward justifies the risk.
The market is still in a bit of shock over Bank of America's suspension of its dividend and share buyback initiatives. It's also unhappy about JPMorgan Chase's latest bit of bad news. It's good, then, that Citigroup and Wells Fargo are about to open their tills for dividend payouts to shareholders.
Its been a tough and confusing week for Bank of America shareholders. Let's cut through the confusion and clear all this up.
Bank of America made a biiiig mistake, as it turns out. Citigroup is no longer the pariah of the big four banks, while Wells Fargo makes its dividend hike official and a group of lenders, including JPMorgan Chase, talk telecoms.
An accounting error threatens Bank of America's capital return plan and investor confidence, two things Citigroup investors are familiar with.
On Monday, Bank of America announced that it had suspended its recent dividend increase pending approval to reinstate it from the Federal Reserve. There’s reason to believe, however, that such approval may not be forthcoming.
What are structured notes and why have the caused so much trouble at the nation's second largest bank by assets?