Citi Hires Freddie Mac Executive as Mortgage COO
Citigroup Inc. has snatched Freddie Mac executive Anthony Renzi to become the chief operating officer of its North American mortgage business, according to people familiar with the matter.
Wells Fargo’s Prime Brokerage Buy is Bank’s Latest Deal
Wells Fargo is buying prime brokerage firm Merlin Securities LLC in its latest effort to expand its capital markets business.
Wells Fargo Expects Big Protests at Annual Meeting
Wells Fargo is bracing for thousands to confront the bank at its annual shareholder meeting Tuesday in San Francisco.
Shareholder Sues Citi Over Executive Compensation
That didn't take long: Citigroup shareholder Stanley Moskal is suing the bank's top executives in federal court in New York for unspecified damages CEO Vikram Pandit and the board caused the bank.
BofA’s Shrinking Mortgage Business Is More Profitable
For Bank of America, less means more in many places. Bank of America's first-quarter mortgage originations fell 30% from the fourth quarter and 73% from a year earlier, to $15.2 billion.
Bove Worried Because No One Wants To Start A Bank These Days
Not a single new bank was created from the ground up last year for the first time since the FDIC started to keep records in 1934, according to Rochdale Securities' Dick Bove.
JP Morgan Mortgage Boss Still Thinks Mortgages Are Profitable
J.P. Morgan Chase mortgage executive Frank Bisignano says his business can still be a profitable unit, even amid all the new regulatory rules.
Citi: International Cyber Attacks May Increase
Citigroup has an extensive discussion in its 10-K annual filing with the SEC today on cyber security and gets a bit more specific about what it's up against.
Growing Up Looks Scary to Some Banks
Some banks are looking at new regulations and decide not to grow up
Citigroup Gets Around To Closing Prop Trading Desk For Volcker
Citigroup told its staff Friday that the bank's proprietary trading desk will be shuttered on Feb. 6.
Capital One Spooks Investors With Expenses
Capital One generated decent loan growth in its fourth-quarter results, but investors react negatively, mainly because the bank's 88 cents in earnings per share missed the $1.52 the Street had expected. Expenses also were surprisingly high.
