Citigroup And Wells Fargo Complete TARP Repayments
Wed, 12/23/2009 - 15:38
According to The Wall Street Journal, Wells Fargo & Co. and Citigroup Inc. both repaid their government aid Wednesday. Wells Fargo said it completed its $25 billion repayment, and Citi followed with its announce ...
Wells Fargo To Repay $25 Billion To U.S. Government
Mon, 12/14/2009 - 18:09
According to Reuters, Wells Fargo & Co said on Monday it will repay the entire $25 billion it received from the government under the Troubled Asset Relief Program, after selling $10.4 billion of common shares. Earlier on Monday, Citigroup said it was raising $20 billion of capital to help repay the government.
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Subprime lending: 'Ghetto loans' for 'mud people'
Mon, 06/08/2009 - 14:15
Subprime lending lawsuit shows minorities were clearly targeted by lenders. It shows that subprime lending was just repackaged redlining, and it led to the fall of entire communities and cities. ...
U.S. Says Banks Need to Raise $75 Billion
Fri, 05/08/2009 - 00:00
Results released by a government stress test on Thursday afternoon drove federal regulators to demand the nation's 19 largest banks to raise $75 billion of extra capital by November. Ten of those largest banks will have to raise additional capital but still less than what the financial industry feared a couple of months ago.
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Citigroup Walks Away from Wachovia
Fri, 10/10/2008 - 00:00
Citigroup announced late Thursday that it was ending negotiations with Wells Fargo and seeking damages from Wells and Wachovia. Wells and Citi were originally negotiating a deal over who should get the right to buy Wachovia, but it appears that that's no longer a possibility. (CNNMoney.com)
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Wells Fargo, Citibank Fight Over Wachovia
Fri, 10/03/2008 - 10:14
Wachovia and Wells Fargo announced plans to merge Friday, just four days after Citigroup said that it planned to buy out Wachovia's banking units. Citigroup has demanded that Wachovia and Wells Fargo terminate the proposed transaction. (CNNMoney.com)
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