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Your search keyword '"Mollenkamp, Carrick"' showing total 2 results
Start Over Author "Mollenkamp, Carrick" Topic bank of america corp. Topic financial bailouts Topic j.p. morgan chase & co.
2 results on '"Mollenkamp, Carrick"'

1. SIV Rescue Plan Faces New Pressure.

Author

Mollenkamp, Carrick, Reilly, David, Shrivastana, Anusha, and Norman, Laurence

Subjects
*FINANCIAL bailouts, *BANKING industry, *STRUCTURED investment vehicles
Abstract

The article focuses on pressure that a rescue plan for investment funds called structured investment vehicles, which was initiated by Citigroup Inc., Bank of America Corp. and J.P. Morgan Chase & Co., is under in November of 2007. The plan is under pressure because Moody's Investors said the funds were liquidating assets to meet their financial commitments

Published
2007

2. For Citi, Stakes Get Higher.

Author

Sidel, Robin and Mollenkamp, Carrick

Subjects
*ACCOUNTING, *BANKING industry, *FINANCIAL bailouts, *STRUCTURED notes (Securities)
Abstract

The article focuses on accounting concerns which have been raised for Citigroup Inc. as a result of its involvement in an $80 billion rescue fund for the U.S. credit market. Citigroup, J.P. Morgan Chase & Co. and Bank of America Corp have created the fund which will use structured investment vehicles (SIVs), and several accounting firms have questioned whether Citigroup and the other banks need to account for the SIVs on their own balance sheets.

Published
2007

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