The U.S. government on Sunday entered into an agreement with Citigroup to bolster the company with $20 billion in capital from the TARP pool. The treasury has also announced that it, along with FDIC, will provide protection against an asset pool of approximately $306 billion of loans and securities backed by residential and commercial real [...]
November 24th, 2008 | rp | Comments | ContinuedAll Posts Tagged With: "Lehman Brothers"
Biggest bank bail out in decades
The fed is working on, what amounts to the biggest bail out for banks in over a decade. With AIG, Lehman Brothers, Merrill Lynch, Morgan Stanley, Washington Mutual all falling prey to their own practices and a panic stricken economy, the fed and treasury have come together with separate measures to help struggling banks.
The Treasury [...]
WallStreet’s bloody Week: Financial Companies to report
Financial companies are expected to kick off the earning reporting season with more profit declines. This week’s big names are Lehman Brothers, Goldman Sachs and Morgan Stanley.
Lehman Brothers Holdings Inc. (Ticker: LEH)
Earnings expected on Monday, June 16 at 8:15 am ET
In pre-earnings announcement, declared expected loss of $2.8 billion and plans to raise $6 billion [...]
