The Delaware News Journal 3 weeks ago

Once bitten, banks start hoarding

Citigroup Inc. and JPMorgan Chase & Co. are hoarding cash as if another crisis were on the way. Full Article at The Delaware News Journal

Related Topics:

  1. Citigroup
  2. United States Department of the Treasury
  3. J.P. Morgan Chase & Co.

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Related Quotes

  1. We have seen unprecedented growth in our deposit base over the last 18 months
    SOURCE: Bloomberg.com 3 weeks ago
  2. Even though it makes no sense for a bank to have $245 billion in cash, Pandit has no choice
    SOURCE: Bloomberg.com 3 weeks ago
  3. Gradually the banks ran down their liquidity levels and got back into the business of making loans, but it didn’t happen overnight
    SOURCE: Bloomberg.com 3 weeks ago
  4. When you go through a near-death experience, it focuses the mind, and none of these people want to ever go through it again
    SOURCE: Bloomberg.com 3 weeks ago
View all Related Quotes »
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Daylife is the web's largest archive of news photos

  1. NEW YORK - NOVEMBER 22: Chairman of Citigroup Richard Parsons attends the opening night of ''Dreamgirls'' at The Apollo Theater on November 22, 2009 in New York City.
  2. Primus Financial Managing Director, Chairman and Co-Chief Executive Officer Robert Morse speaks during a news conference in Taipei October 13, 2009.
  3. SOUTHPORT, CT - AUGUST 02: The home of Andrew Hall, the controversial recipient of a reported $100 million bonus from Citigroup, is viewed on August 2, 2009 in Southport, Connecticut.
  4. Citigroup Chief Executive Office Vikram Pandit speaks during the Manufactoring town hall meeting at the National Summit in Detroit, Michigan, June 15, 2009.
  5. SAN FRANCISCO - APRIL 17: A cable car passes a Citibank branch office April 17, 2009 in San Francisco, California. Citigroup reported a better than expected first quarter with a loss of 18 cents per share, beating analysts forecasts of 34 cents a share.
  6. WASHINGTON - MARCH 27: Vikram Pandit (L) CEO of Citigroup, walks with John Mack CEO of Morgan Stanley walk down the driveway at the White House on March 27, 2009 in Washington DC.
  7. NEW YORK - MARCH 20: Men carry satchels in Midtown Manhattan March 20, 2009 in New York City. Banking giant Citigroup announced a management shakeup today, moving its chief financial officer Gary Crittenden to head Citi Holdings, a unit which includes managing risky assets.
  8. WASHINGTON - JANUARY 08: Senate Finance Committee Chairman Christopher Dodd (D-CT) speaks during a news conference at the U.S. Captiol January 8, 2009 in Washington, DC.
  9. LONG ISLAND CITY, NY - DECEMBER 17: Francisco Rodriquez of the New York Mets speaks to the media during a press conference to introduce him on December 17, 2008 at the Citigroup Building in New York City.

Cast of Characters

  1. Citigroup Citigroup
  2. United States Department of the Treasury United States Department of the Treasury
  3. J.P. Morgan Chase & Co. J.P. Morgan Chase & Co.
  4. Lehman Brothers Lehman Brothers
  5. Wells Fargo Wells Fargo
  6. Wall Street Journal Wall Street Journal