It’s well known that the bank stress tests were as much a measure to build confidence as to shore up ailing banking practices, so it wasn’t a surprise when 9 of the 19 banks that underwent the stress test passed with flying colors.  The other 10 banks were asked to raise additional capital in t...

Citigroup, the proclaimed financial supermarket, announced the sale of its Smith Barney brokerage division to Morgan Stanley last week in a move that is expected to mark the beginning of a break-up for the banking giant.  With a massive government bailout just a few months prior, many are asking: h...

Monday, President-elect Barack Obama called for the second half of the $700 billion Troubled Asset Relief Program (TARP), passed by Congress in October.  Obama asked President Bush to submit a request to Congress making the remaining $350 billion available soon after his inauguration.  The first $...