America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)
The Richest Woman in the World: How Gina Rinehart Earns her Billions
Can our government waste the taxpayers money or what? This time its a mere $10 billion. Banks are negotiating to reclaim warrants they granted in return for the TARP monies. Old National Bancorp (NYSE: ONB) was the first to negotiate a deal with the Treasury. The bank bought back its warrants for $1.2 million. They may have been worth $5.81 million. Now, isn't this the sweetest deal you can imagine. The banks are getting a pile of free money.
If the Treasury follows the Old National Bancorp deal, it would save Bank of America Corp. (NYSE: BAC) $2.03 billion, Wells Fargo & Co. (NYSE: WFC) $1.48 billion, JPMorgan Chase & Co. (NYSE: JPM) $1.46 billion, Morgan Stanley (NYSE: MS) $983 million, Citigroup Inc. (NYSE: C) $965 million, and Goldman Sachs Group Inc. (NYSE: GS) $693 million.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
