It the right fit . We have all that and more tonight on nightly Business Report for this wednesday, march 26th. Good evening, everyone, and welcome. It is a big evening for banking news. The Federal Reserve coming down hard on a number of financial institutions. Barring them from increasing their dividends or buying back their own stocks until they have enough cash on hand to withstand another big financial shock. Citi group is the biggest bank that got its capital return plans rejected by the feds, sending shares lower initially in late trading today. The decision is a blow to the bank and marks the second time in three years that citi group has failed to win the feds approval for its plan to return money to shareholders. Kalya touchey joins us now. Kayla, i would think an awful lot of citi Group Shareholders not to mention shareholders in other banks are disappointed tonight that the capital return plans that they might have been expecting on five years after the crisis are now up in
It the right fit . We have all that and more tonight on nightly Business Report for this wednesday, march 26th. Good evening, everyone, and welcome. It is a big evening for banking news. The Federal Reserve coming down hard on a number of financial institutions. Barring them from increasing their dividends or buying back their own stocks until they have enough cash on hand to withstand another big financial shock. Citi group is the biggest bank that got its capital return plans rejected by the feds, sending shares lower initially in late trading today. The decision is a blow to the bank and marks the second time in three years that citi group has failed to win the feds approval for its plan to return money to shareholders. Kalya touchey joins us now. Kayla, i would think an awful lot of citi Group Shareholders not to mention shareholders in other banks are disappointed tonight that the capital return plans that they might have been expecting on five years after the crisis are now up in
County. Wow reporter we showed it to board member andre stewart. The kids are being picked on. I dont see a lot of back and forth. Reporter it does use first and last names and references specific schools. None of the School Districts or Police Departments we called had heard about it but when we told benetia pd they started identifying students who posted on the page and talked about them and their parents. There were several students that our officers, our sro spoke with upon meeting with their parents. The parents had no idea that their kids had a twitter account. Reporter officials in napa valley said after our call they called a staff meeting and said sometimes we have to educate our students. We tried tweeting the owner of the page. By late this afternoon that page had been taken down. We have received information that potentially this site was begun by a benetia student, we look into that fact. Reporter police are not sure if a crime was committed or if this could be considered
Folks joining us. After the close today, we have some big earnings out. Hewlettpackard. That tech bellwether, of course. The gap. Well get those numbers right after the close today. A latebreaking story this afternoon. Billionaire mark cuban making some headlines today in an interview about racial issues in lift Donald Sterling l. A. Clippers saga. Mark admits to his own prejudices and bigotry. In no way were the comments comparable to what Donald Sterling said, but does this put the nba in a position where it has to respond. Will sterling try to drag down cuban with him . So many questions. Youll hear what cuban said in his own words. A full report is coming up in a little while. With an hour to go into the close, the dow is up 28 points. 1,6561 is the level. S p 500 finally up eight. Joining us on our Closing Bell Exchange for this thursday before big holiday weekend, heather hughes, peter andrews, jim lowell, Gerard Fitzpatrick and our own rick santelli. He should be in there somewh
Joined by top names. Hat will be coming up lets get to our top story. Closer anda step faces potential investors. With have a look at the mechanics of the road trip and some questions for the key investors. Lets talk. If you are sure now and later today, that roadshow begins and the investors are likely to ask questions about the mma strategy. They have a professional sports team, soccer. Interesting diversification. There is a question about analysts and profit margin. This is what the Community Wants to know more about. How do they maintain solid margins in the face of business that is expanding. A business that is not viewed at 160 billion u. S. Dollars. Extraordinary. We are talking about potential investors and also looking at a rather complex ownership structure, as well. It is not investor friendly and that is why they chose where they could have the dual structure that gives them more power and control to a set group of shareholders and company directors. Hong kong was not will