“[Funds] are researching deals and trying to get things lined up,” says R.P. Eddy, CEO of Ergo, a research firm that advises some of the world’s biggest sovereign wealth funds. “They’re standing on the edge of the pool and waiting to see who’s going to jump in first.”
Consumer credit declined in December for the 11th straight month, but the pace slowed considerably, according to a government report released Friday.
Total consumer borrowing fell a seasonally adjusted $1.8 billion, an annual rate of 0.8%, to $2.456 trillion in December, according to the Federal Reserve…
Source; http://money.cnn.com
Apple first quarter 2010 earnings soared past Wall Street expectations Monday, reporting earnings of $3.37 billion or $3.74 per share. …
Read more Apple Earnings..
So if you cant trust the bank where YOUR money is, who can you trust? Hoping ‘banks’ would only sell us small risk securities? Think again…
Source: read more bank sales of risky securities..
One of the world’s largest wealth funds in now suing Citigroup for fraudulent misrepresentation……
Source: read more Abu Dhabi calls the shots on Citigroup…
Citigroup has now learned that the Abu Dhabi Investment Authority has filed a suit against Citi seeking to terminate a deal to buy over $7 billion worth of its stock….
Source: read more Abu Dhabi to terminate Citi Deal…
Like so many other big banks, profits are booming. Now Citigroup, and Wells Fargo have finally repaid their gov’t bailout TARP funds-
Source: read more Wells Fargo and Citigroup pay their Debts…
The reason is quite simple: They have more cash-flow than most people, and they are less likely to lose their ‘job’..
Source: read more Why The Rich Consumer Matters More..
Well, there he ‘went’ again. Federal Reserve Chairman Ben Bernanke, or ‘The FED’ as he’s called, recently made some interesting comments. Too bad those comments didnt ring true..
Source: read more Bernanke comments’ evaporate stock gains?..
The Kuwait Investment Authority has made a $1.1 billion profit from it’s sell of it’s stake in Citi…
Source: read more Kuwait sells Citi Stake…
