Oh, Vikram. Can it be true? Are you really rolling and pushing the bloated, rotting whale corpse that is Citigroup slowly back into the ocean and thus, back to life? From the New York Times: Citigroup reported first-quarter net income of $1.6 billion, after posting a loss of $5.11 billion in the period a year…
Banks
Jamie Dimon For President
Jamie Dimon doesn’t just Beat the Street, he Owns the Street. I read somewhere that 20% of the world’s money market funds were currently with JPMorgan Chase. I can’t remember where I heard it, but if that’s even close to accurate, that’s a remarkable statistic and it shows you who’s going to be the big…
Get-Tarp Hero: Take This TARP and Shove It
More banks giving the money back. Fabulous. I dont care that their reasons are selfish, the point is that there are winners and losers again and someone out there still has some fight left in them. From the New York Times: Financial institutions that are getting government bailout funds have been told to put off…
Get-TARP Hero: Iberiabank
Where is the pride among the community bankers who had avoided the sub prime gold rush and have treated their balance sheets like they gave a damn? Apparently, the pride is in Lafayette, Louisiana, the home of Iberiabank Corporation. Iberiabank (IBKC) has become the first financial institution out of over 440 to return TARP funds…
Who Else Could Become a Bank Holding Company?
General Motor’s GMAC unit had recieved approval to become a bank holding company…
But here’s the more interesting question…who else could/should apply to become a bank holding company? Below is my not-so-serious list of candidates as more companies and industries look for shelter in this, our Greatest Depression.
