Year: 2010

Citigroup stock chart in uptrend

Citigroup (C) and Bank of America (BAC) Ratings In Question

23/10/2010

Fitch Ratings said on Friday that it might lower the credit ratings for a few U.S. banks, including Bank of America Corp (BAC) and Citigroup Inc (C). Fitch’s reason is the proposed new banking rules that don’t put banks in a protected category of being “too big to fail” and using tax payers dollars to prop them Read More »

NABE Lowers U.S. GDP Estimate to 2.6%

12/10/2010

The National Association for Business Economics (NABE) lowered its forecast on GDP for the U.S. economy for 2010 and 2011. It was forecasted in May of 2010 to have GDP at 3.2%. That number was lowered today to 2.6%. The group’s panelists said that the recovery is intact, but the slowdown is due to, “wealth Read More »