Archive for the ‘writedowns and distress’ Category

Wells Fargo – $138.6B

Monday, September 14th, 2009

2009-09-18-The Fat Lady Clears her Throat: They say it ain't over until the fat lady sings. Well, she's clearing her throat. In order to sort through the disaster that is Wells Fargo’s (quote: WFC) commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they ...

Goldman Sachs – $129.0B

Friday, May 8th, 2009

2009-05-07 Stress Release: Goldman Sachs passed the FED's stress test to see if it was adequately capitalized, with no need to raise any more cash. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. We will see what happens, but that’s the ...

Morgan Stanley – $121.0B

Thursday, May 7th, 2009

Morgan Stanley, incorporated in 1981, is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. On October 14, 2008, Mitsubishi Fuji Financial Group, Inc. acquired a 21% stake in Morgan ...

SunTrust – $2.0B

Thursday, May 7th, 2009

2009-05-07-Stress Release: Sun Trust has passed the FED's stress test to see if it was adequately capitalized, but regulators said it needed $2.2 billion to be adequately capitalized. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. So, if ...

JP Morgan Chase & Co. – $221.7B

Thursday, May 7th, 2009

JPMorgan Chase & Co. (JPMorgan Chase), incorporated in 1968, is a financial holding company. JPMorgan Chase's principal bank subsidiaries are JPMorgan Chase Bank, National Association (JPMorgan Chase Bank, N.A.), a national banking association with branches in 23 states, and Chase Bank USA, National Association (Chase Bank USA, N.A.), a national ...

US Bancorp – $3.0B

Thursday, May 7th, 2009

2009-05-07 Stress Release: US Bancorp reportedly passed the FED's stress test to see if it was adequately capitalized, with no need to raise any more cash. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. <>  2008-22-10 Q3: US Bancorp reported third quarter ...

Bank of America

Thursday, May 7th, 2009

2009-09-22- Screw You: Bank of America happily paid a dime on the dollar it owed the US and me taxpayer. Where have you gone Judge Rakoff  an helpless nation turns it self away, again. Thus, taxpayers were owed $4,427 billion for the guarantee. They got $425 million. That is less than 10 ...

Fifth Third Bancorp – $3.6B

Thursday, May 7th, 2009

2009-05-07-Stress Release: Fifth Third Bancorp reportedly passed the FED's stress test to see if it was adequately capitalized, but regulators said it needed another $1.1 billion to be adequately capitalized. You have to wonder what kind of test it was when all 19 insolvent banks passed it, some even needing more capital. But ...

Citigroup – $309.7B

Thursday, May 7th, 2009

Citigroup Inc. (Citigroup), incorporated in 1988, is a global diversified financial services holding company. The Company is engaged in providing a range of financial services to consumers and corporate customers. As of May 4, 2009, Citigroup had more than 200 million customer accounts and did business in more than 140 ...

UBS – $228.6B

Wednesday, February 18th, 2009

2009-02-18 -Guilty: UBS' income tax evasion scheme is coming to a head. The bank aided wealthy Americans in evading income taxes and is now rolling over on those same clients, closing their accounts and ratting them out to the IRS. UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the ...