U.S. Banks Risk ‘Untold Problem’ as Muni Debt Swells By Dakin Campbell (Bloomberg) — Citigroup Inc., State Street Corp. and U.S. Bancorp are among U.S. banks whose municipal bond holdings have reached a 25-year high just as state budget deficits swell to $140 billion, the most since the start of the recession. Commercial lenders added
In addition to the Fed being held more accountable, there must be implementation of performance-based incentives for a job well done. Equally, there needs to be clear consequences to the Fed for poor performance. Only after we plug this regulatory sophistication gap at the Fed can confidence in this agency be restored.
BOSTON CAPITAL Penny stocks pillory companies By Steven Syre, Globe Columnist | March 6, 2009 Question: What could you get with a share of Citigroup Inc. yesterday? Answer: Change from your dollar. That was true on and off during the day, when shares of the financial giant changed hands for as little as 97 cents