Wealthier Americans mean a bigger bond market

Wealthier Americans mean a bigger bond market

More liquidity means more debt

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Most already home to thousands of millennials

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The money is drying up
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Items Tagged with 'Citigroup'

ARTICLES

Large lenders the first to fully open the credit box?

Fannie Mae: As competition increases, standards decrease
Brena Swanson
“Larger lenders are expecting to tap into the non-GSE-eligible and government loan market to maintain or grow their market share and offset their anticipated slowing mortgage demand as the peak spring/summer selling seasons are coming to an end,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.
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Citigroup and Bank of America loosen standards for struggling borrowers

Offer mortgages with discounted rates
Brena Swanson
Both of the mega banks will start to offer mortgages at discounted interest rates as part of their new efforts to help borrowers with low incomes or subprime-credit histories.
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Tony West leaving DOJ after negotiating massive RMBS settlements

Led DOJ’s toxic mortgage task force
Ben Lane
In his role, he headed the DOJ’s residential mortgage-backed security task force that in the past several months has secured massive settlements with Citigroup, JPMorgan Chase, Bank of America and others over the banks’ toxic mortgage lending practices that led to the collapse of the housing economy.
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Why is George Soros staking a huge claim in AIG and Ally?

Bets on AIG, moves out of Visa, MasterCard
Trey Garrison and Brena Swanson
Soros Fund Management is putting a giant stake in the firm that received an $85 billion bailout during the subprime mortgage crisis. A $98.4 million stake to be exact, which makes AIG the second largest investment for one of the world's biggest investors.
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CHART: Biggest bank settlements of all time

Guess which bank is on there twice?
Brena Swanson
The Bank of America settlement went on record as the biggest settlement to date. But where do the other bank settlements rank in comparison?
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$366 million in subprime-boom bonds coming to market

Big names scheduled to trade Tuesday
Ben Lane
Of note in the breakdown of the bond pool are some notorious names from the subprime lending boom, including: Ameriquest Mortgage, Countrywide Financial, Bear Stearns, Goldman Sachs, JPMorgan, and Citigroup.
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JPMorgan, Goldman Sachs next on earnings’ horizon

Mega banks lose to smaller lenders
Brena Swanson
Next on the earnings list, Goldman Sachs and JPMorgan Chase, but according to one analyst, the two will post more of the same.
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DOJ warns Citi settlement “will certainly not be the last”

AG Holder says cases coming soon against additional banks
Ben Lane
“We have not ruled out holding these organizations or individuals criminally responsible,” U.S. Attorney General Eric Holder said. “The agreement does not preclude the ability to bring criminal charges.”
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It's official: Citi reaches $7B RMBS settlement

Drastically dents 2Q profits
Brena Swanson
Citigroup officially announced a $7 billion settlement to settle residential mortgage-backed securities and collateralized debt obligations with the Department of Justice after industry whispers that the bank was nearing a resolution.
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Citi earnings plummet amid $7B RMBS settlement

Report $181 million 2Q14 net income
Brena Swanson
"Our businesses showed resilience in the face of an uneven economic environment. During the quarter, we continued to grow loans in our core businesses, reduce operating expenses by simplifying our products and processes and utilize our deferred tax assets,” Michael Corbat, CEO of Citi, said.
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