Monday, June 1, 2009

Weekend / Monday News - Least Valuable CEO's, Resigning Director

General Banking News

Entrepreneurs, Bailouts and the Last American Hero

Short and Stressed
Fifth Third, Regions, SunTrust & Citigroup
http://ftalphaville.ft.com/blog/2009/06/01/56439/short-and-unstressed/

UPDATE 2-Problem U.S. banks highest since 1994 - FDIC
http://news.alibaba.com/article/detail/markets/100109718-1-update-2-problem-u.s.-banks-highest.html

On the trail of the 10 million dollar runaways
http://www.independent.co.uk/news/world/australasia/on-the-trail-of-the-10-million-dollar-runaways-1693387.html

Fifth Third, SunTrust and Wachovia named co-conspirators in lawsuit
http://freeport.nassauguardian.net/national_local/305653815761745.php
Related Article
http://www.gotoby.com/news/Ginn_Lawsuit_includes_banks.htm

Lawmen ride in to credit 'Wild West'
http://www.business24-7.ae/Articles/2009/5/Pages/29052009/05302009_d5a92bb5ef084858970e1b1db603085c.aspx

Bank of America

BofA lead director Sloan steps down
http://www.reuters.com/article/etfNews/idUSN2943818420090529

Second Longtime Director Resigns at Bank of America
http://www.nytimes.com/2009/05/30/business/30bank.html?ref=business

Did Bernanke and Paulson Commit Bank Fraud?
http://www.globalresearch.ca/index.php?context=va&aid=13786

Regions

Ritter rated second least valuable boss
http://www.al.com/business/birminghamnews/inc.ssf?/base/business/1243584964257040.xml&coll=2
Related Bloomberg Article
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOqGBzGEkJbg

Regions cut-backs? Any truth to this post?
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_R/threadview?m=tm&bn=24408&tid=37265&mid=37265&tof=1&rt=2&frt=2&off=1

American Express

Least valuable financial CEO - Ken Chenault
http://www.al.com/business/birminghamnews/inc.ssf?/base/business/1243584964257040.xml&coll=2
Related Bloomberg Article
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aOqGBzGEkJbg

Wells Fargo

Wells Fargo rejects offer for Hartmarx as ill-suited
http://www.chicagotribune.com/business/chi-sat-hartmarx-wells-fargo-053may30,0,2964331.story

Wells Fargo Won't Back Down From Capital Plan
http://www.thestreet.com/story/10507337/1/wells-fargo-wont-back-down-from-capital-plan.html?cm_ven=GOOGLEFI

Citigroup

Does Citigroup have a retention problem?
http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-19286

Citigroup Stuck With Bernanke Offer Rival Banks Plan to Refuse
http://www.bloomberg.com/apps/news?pid=20601109&sid=ans2mNbxPb2o&refer=home

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