Covering Wall Street for Bloomberg. I speak for myself.

Springleaf Soars After Agreeing to Buy Citigroup’s OneMain Unit

bloomberg.com — (Bloomberg) -- Springleaf Holdings Inc. climbed the most since its 2013 initial public offering after agreeing to buy 103-year-old subprime lender OneMain Financial from Citigroup Inc. for $4.25 billion in cash. Shares of Springleaf, majority owned by Fortress Investment Group LLC, surged 28 percent to $48.50 at $10:40 a.m.

Citigroup to Sell OneMain to Springleaf for $4.25 Billion

bloomberg.com — (Bloomberg) -- Springleaf Holdings Inc., the U.S. consumer lender that sold stock to the public in 2013, agreed to buy Citigroup Inc.'s subprime lender OneMain Financial for $4.25 billion in cash. Springleaf, majority owned by Fortress Investment Group LLC, plans to complete the transaction during the third quarter, according to statements from both companies on Tuesday.

Springleaf Said to Agree to Acquire Citigroup’s OneMain Lender

bloomberg.com — (Bloomberg) -- Springleaf Holdings Inc., the U.S. consumer lender that sold stock to the public in 2013, agreed to buy Citigroup Inc.'s subprime lender OneMain Financial for $4.25 billion in cash, a person with knowledge of the matter said.

Ocwen Seeks Options, Sees Goodwill Charge Up to $420 Million

bloomberg.com — (Bloomberg) -- Ocwen Financial Corp. recorded an additional $50 million expense tied to a settlement with New York's financial regulator and expects to take a non-cash goodwill charge of as much as $420 million in the fourth quarter. The mortgage servicer hired Moelis & Co.

Citigroup CEO Michael Corbat awaits stress-test verdict

livemint.com — Citigroup chief executive Michael Corbat. Photo: Bloomberg New York: Michael Corbat will know in less than two weeks if he should start looking for new work. That's when Citigroup Inc.'s chief executive officer will hear whether the US Federal Reserve has blessed his 2015 capital plan after rejecting last year's.

Citigroup CFO Sees First-Quarter Decline in Trading Revenue

bloomberg.com — (Bloomberg) -- Citigroup Inc. Chief Financial Officer John Gerspach said revenue from fixed-income and equities trading will decline by "mid- to high-single" digits in the first quarter from a year earlier. A slow start in spread products and a January loss from price swings in the Swiss franc are contributing to the expected drop, Gerspach said Monday at an investor conference in Orlando, Florida.

CEO’s Job at Stake as Citigroup Awaits Fed Stress Tests

bloomberg.com — (Bloomberg) -- Michael Corbat will know in less than two weeks if he should start looking for new work. That's when Citigroup Inc.'s chief executive officer will hear whether the Federal Reserve has blessed his 2015 capital plan after rejecting last year's.

Doral Survival Struggle Ends as Puerto Rico Regulators Shut Bank

bloomberg.com — (Bloomberg) -- Doral Financial Corp., the Puerto Rico bank engulfed by legal scrutiny and FBI probes, was seized by regulators after tumbling 94 percent in the past year. Puerto Rico's financial regulator shuttered the bank on Friday, according to a statement from the the Federal Deposit Insurance Corp., which was appointed receiver.

Puerto Rico’s Doral Bank Placed Under FDIC Receivership

bloomberg.com — (Bloomberg) -- Doral Financial Corp.'s bank unit was closed Friday by the commonwealth's financial regulator, which appointed the Federal Deposit Insurance Corp. as receiver. Popular Inc. agreed to acquire Doral Bank's banking operations, including deposits, the FDIC said Friday in a statement.

Citigroup Says Treasury, State Probing Money-Laundering Controls

bloomberg.com — (Bloomberg) -- Citigroup Inc., the third-biggest U.S. bank, said an investigation into money-laundering controls at its Banamex USA unit has expanded, with additional U.S. and state authorities seeking information. The bank and the subsidiary received requests for information from the U.S.
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Mar 05, 2015

@maxabelson @greggturkington @timheidecker are we that old? that VHS now mentioned in same breath as clay tablets and papyrus. pls say no.

Mar 05, 2015

Wall Street again finds silver lining, hawking total return swaps as panacea for poor bond mkt liquidity bloomberg.com/news/articles/…

Mar 03, 2015

@levynews looks like you were at 21st amendment in that map. Good choice if true!

Mar 01, 2015

@Chris_arnade if they can't get it right then the Fed may not have a choice.



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