Too Big to Fail, or Too Big to Punish? (NYSE: C),(NYSE: BAC),(NYSE: AIG)

Citigroup - Corporate Office

Too big to fail, how about too big to punish?  Apparently there is some sentiment that some of the largest firms have received SEC get-out-of-jail cards in recent years.  Names mentioned include Citigroup Inc. (NYSE:C), Bank of America Corporation (NYSE:BAC) and American International Group, Inc. (NYSE:AIG).

Citigroup Shares Treading $4 Level

Citigroup - Corporate Office

Citigroup Inc. (NYSE:C) shares are doing all they can to stay above $4, heading in to the close volume is one quarter the normal average as Citi shares have managed to only move up .25% in the past 30 days.

TARP Banks versus Enron? (NYSE: C),(NYSE: BAC),(NYSE: WFC)

Citigroup - Corporate Office

Nomi Prins breaks down big banks' SEC filings, including Citigroup Inc. (NYSE:C), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC).  Seems she is reviewing them for accounting games, and given that taxpayers are on the hook for hundreds of billions, wonders if it is worse than Enron?

Today's Volume Leaders: Citi, SPY, BofA, and Sprint (C, BAC, SPY, S)

NYSE Floor - Traders

Volume on the major exchanges is light today but as usual leading the charge is Citigroup Inc. (NYSE:C) followed by the SPDR S&P 500 (ETF) (NYSE:SPY), Bank of America (NYSE:BAC) and Sprint (NYSE:S).

John Paulson High on Citi, Down on Goldman (NYSE: C), (NYSE: GS)

Citigroup-bldg-logo.jpg

Christopher Glynn, a Senior Reporter at HedgeFund.net, reports that John Paulson disclosed he bought up stock in Citigroup Inc. (NYSE:C) and sold his Goldman Sachs Group, Inc. (NYSE:GS) stake in a regulatory filing.

Sprint Joins the Monday's Volume Leaders (S, C, BAC)

NYSE Floor - Traders

Sprint Nextel Corp. (NYSE:S) shares are on fire today up 11% and have already passed its daily volume of 58 million shares.  Sprint joins Citigroup (NYSE:C) and Bank of America (NYSE:BAC) this morning as the No. 3 most heavily traded stock on the NYSE.

Big Banks May Benefit from Fannie (NYSE: C),(NYSE: BAC),(NYSE: WFC)

Citigroup-bldg-logo.jpg

As Fannie Mae moves to start a program to lease homes back to homeowners near foreclosure, banks like Citigroup Inc. (NYSE:C), Bank of America Corporation (NYSE:BAC) and Wells Fargo & Company (NYSE:WFC) will benefit. 

Citi and BofA May Lose from Overdraft Fee Ruling (NYSE: C), (NYSE: BAC)

Citigroup - Corporate Office

Could some of the big banks like Citigroup Inc. (NYSE:C) and Bank of America Corporation (NYSE:BAC) have to say goodbye to their share of the $38B overdraft fee business?  The Fed has adopted strong rules prohibiting overdraft fees on ATM/debit card transactions unless the consumer opts in to the protection. 

Bove on Citigroup, Again

Richard (Dick) Bove

Richard Bove has more comments about Citigroup Inc. (NYSE:C), today he went on record saying it could take Citigroup four to six years and as much as $25 to $30 billion a year to divest itself of Citi Holdings.  Citi shares are now at $4.10 a share.

Citi (NYSE: C) and BofA (NYSE: BAC) are Getting Back on Track

Citigroup - Corporate Office

It seems that Citigroup Inc. (NYSE:C) and Bank of America Corporation (NYSE:BAC) are getting back on track.  The Fed released a statement that 9 of 10 banks identified in the Bank Stress Test as needing more capital as a buffer have complied. 

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