Citigroup Inc., Marshall & Ilsley Corp. and Huntington Bancshares Inc. ended 2009 with the biggest drops in the Standard & Poor’s 500 Index, weighed down by defaulting property loans that may add to their declines this year.
Marshall & Ilsley tumbled 60 percent, the index’s biggest drop, according to data compiled by Bloomberg. Huntington Bancsharesfell 52 [...]

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Diminutive expense accounts. Flying coach. The lingering threat of layoffs.
That seems to be the new normal in banking these days. And it’s unlikely to change in 2010.
Faced with a flurry of new regulations out of Washington and sluggish loan activity that’s hurting revenue, lenders are expected to have little choice but to continue tightening their [...]

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Citibank (NYSE: C) disappointed investors, shareholders and industry analysts when they announced their disappointing third-quarter earnings which were significantly hindered by non-performing loans.
Citibank earned a slim profit of $101 million, but common stockholders endured a loss of 27 cents per share because most of the profit was paid back to the government in dividends for [...]

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