BofA and Citi warned over credit ratings
The planned overhaul of US financial rules prompted Standard&Poors to warn it might downgrade the credit ratings of Citigroup and Bank of America on concerns that the shake-up would make it less likely that the banks would be bailed out by US taxpayers if they ran into trouble again
2010. February 9. 21:26
Citi settlement signals pressure on banks [FT.com] Jul. 30. 3:30 The Securities and Exchange Commission is continuing to ratchet up investigations on investment banks for their role in the US economic crisis Citi agrees $75m to settle SEC charges [FT.com] Jul. 29. 23:05 Citigroup agreed to pay $75m to settle Securities and Exchange Commission charges that it failed to disclose to investors more than $40bn in exposure to subprime mortgages Citi sells interests in private equity fund [FT.com] Jul. 13. Citigroup is selling most of its interests in its private equity fund of funds and other investments to Lexington Partners in a deal affecting about $5bn in assets, as part of Vikram Pandit's plan to ... US collects $10.3bn from Citi bail-out [FT.com] Jul. 1. The US government has collected more than $10bn in cash, dividends and securities from its bail-outs of Citigroup a sign the financial sector's rebound is helping the authorities to make money on its ... Citi seeks $330m in Taiwan market [FT.com] Jun. 23. The US bank is looking to raise funds in the country's emerging bond market, the island's biggest-ever issuance of Formosa bonds Citi to shrink consumer finance arm [FT.com] Jun. 2. Citigroup is moving to shrink its US consumer finance unit, CitiFinancial, closing hundreds of branches across the country, in an effort to make the troubled business more attractive to buyers Citi backs global Fix standard in India [FT.com] Jun. 1. The US banking group has become the first broker on the National Stock Exchange to introduce the global standard for electronic order messages, in a boost to the bourse's efforts to increase transacti... Treasury nets $1.3bn from Citi stake sale [FT.com] May 27. The US government makes a profit on the sale of the first tranche of its 27% investment in the US financial group and intends to sell more of the shares in the next few months Qatar eyes Treasurys Citi stock [FT.com] May 26. The Qatar Investment Authority, a sovereign wealth fund, has expressed interest in buying part of the US Treasurys stake in Citigroup, potentially boosting efforts to sell the shares amid the global r... US Treasury to sell 1.5bn Citi shares [FT.com] Apr. 26. The US Treasury department said that it had authorised the sale of up to 1.5bn of Citigroup shares, taking its first step to offload its stake in the bank Investors hit out despite upbeat Citi data [FT.com] Apr. 20. Citigroup's best quarter in almost three years failed to please a barrage of frustrated investors at its annual meeting, as stockholders pilloried the bank for its feeble share price and the unsatisfa... Citi's investment bank helps profits hit $4.4bn [Telegraph.co.uk] Apr. 19. Profits at Citigroup near trebled in the first three months of the year, as a result of a significant return in its investment banking arm.
