The Delaware News Journal 2 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. United States Department of the Treasury
  2. J.P. Morgan Chase & Co.
  3. Lehman Brothers

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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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  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. 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.
  3. DETROIT - JUNE 15: Vikram Pandit (L), Chief Executive Officer of Citigroup, Inc. , sits on the panel of a Manufacturing Town Hall meeting on the topic of, 'Competitiveness in Manufacturing' at the National Summit June 15, 2009 in Detroit, Michigan.
  4. SAN FRANCISCO - APRIL 17: Pedestrians walk by 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.
  5. US Bank CEO Richard Davis (3rd R) and Bank of America counterpart Ken Lewis (4th L) speak to the press at the White House in Washington on March 27, 2009 after a meeting of the heads of the country's largest banks with US President Barack Obama as Bank of New York Mellon CEO Robert Kelly (2nd L)...
  6. NEW YORK - MARCH 20: A taxi and pedestrian are reflected in the window of a Citibank branch bank across from headquarters Citigroup Center in Midtown Manhattan March 20, 2009 in New York City.
  7. Branding logos of a Citibank branch are seen in the City of London January 16, 2009. Citigroup, scrambling to survive losses triggered by the credit crunch, unveiled plans to split in two and shed troubled assets, and reported a quarterly loss of $8.29 billion.
  8. NEW YORK - JANUARY 13: A Citibank Smith Barney bank branch sign is seen January 13, 2009 in New York City. Morgan Stanley has bought control of the Smith Barney brokerage unit of Citigroup Inc. in a deal valued at $2.7 billion.
  9. WASHINGTON - JANUARY 08: (L-R) Senate Majority Assistant Leader Dick Durbin (D-IL), Sen. Charles Schumer (D-NY), Rep. Brad Miller (D-NC) and Senate Finance Committee Chairman Christopher Dodd (D-CT) answer questions from reporters during a news conference at the U.S. Captiol January 8, 2009 in W...

Cast of Characters

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