Entries tagged "regulators"
Congress prepares to unload as the CEO of AIG testifies before a House subcommittee Wednesday.
Foreclosures, bank failures, layoffs, Ponzi schemes, congressional hearings, the list goes on and on. The credit crisis has provided no end of bad news to go around. And now for those looking for someone to blame, U.K. newspaper the Guardian has compiled a list of the top 25 people most responsible for taking the Western world on the road to ruin. ...
Banco Santander SA is proud of the fact that it's emerged relatively unscathed from the credit crisis and has been able to strike bargain-basement deals in the U.K. in the process. But the faint whiff of smugness has smelled wrong ever since the Madrid bank revealed last month that it had €2.3 billion ($3.1 billion) of clients' money invested in funds affiliated with Bernard Madoff, mastermind of an alleged $50 billion investment fraud. Now Spanish prosecutors are reportedly trying to find out exactly how it managed to lose the money -- more than any other bank that did business with...
Premarket trading of Citigroup Inc. is pointing to a higher open for the beleaguered bank. Shares of Citi were up roughly 42 cents to $5.12 prior to the market open Friday morning, but with stock markets swinging wildly intraday, the shares of any company aren't staying in positive territory for long. Should Citi find itself in the precarious position of trading below $5 a share again Friday, then forced selling by large investors could send the stock rocketing even lower. ...
