Coleman Research Group’s Business and Financial Services Group facilitates consultations between our clients (institutional investors) and leading business and financial services professionals on a wide variety of topics including consumer credit trends, banking and investment services, insurance, residential and commercial real estate, student lending, and regulatory issues.
Our Business & Financial network includes an elite assembly of current and former CFOs and senior executives, accountants, former regulatory officials, academics, and top-level industry consultants.
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The Chinese give Tim Geithner a warm welcome - to a point
June 2, 2009
BEIJING (Fortune) -- When the Treasury Secretary met with leaders in Beijing to offer assurances that the U.S. can repay its debts, he received a somewhat sympathetic ear.
China, which has nearly $800 billion of its savings invested in U.S. government securities, has publicly and privately been lecturing Washington on its profligate fiscal policy. So it was no surprise when Tim Geithner made his maiden journey to China as Treasury Secretary that he faced some heat. Yesterday, in fact, Chinese students laughed out loud when Geithner reassured one questioner that their country's investments in the US are "very safe."
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BofA close to stress test capital target
June 2, 2009
NEW YORK (CNNMoney.com) -- Bank of America revealed Tuesday that it was nearly finished raising the $33.9 billion in capital that industry regulators deemed it needed to shield itself from future losses.
The nation's biggest lender by assets said it had raised almost $33 billion since the government announced the results of its so-called stress test for 19 of the nation's largest banks nearly a month ago.
"We are pleased to have nearly reached our goal this quickly," Joe Price, Bank of America's chief financial officer said in a statement.
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