Submit a Story!

Richard Parsons, Citi Savior?

 
Are Vikram Pandit's days numbered? The embattled Citigroup CEO is all over the business pages today. The New York Times and Wall Street Journal both say that even with worse-than-expected losses in the billions looming he's earned enough of a vote of confidence to ride out the storm. read more (link)

Tags:

Related Content
Morgan Stanley, Citigroup Roll The Marriage Dice
globaleconomicanalysis.blogspot.com 1/12/2009 — Citigroup and Morgan Stanley are rolling the marriage dice. The result is a Smith Barney, Morgan Stanley Merger that will create the largest broker network. A few months ago, Wall Street firm Morgan Stanley was scrambling to survive. Now it is ...
Citi Board Backs CEO as Outlook Worsens
online.wsj.com 1/12/2009 — Citigroup Inc. is expected to report fourth-quarter losses that are billions of dollars greater than previously anticipated, but its lead independent director said the banking giant's board isn't losing faith in Chief Executive Vikram Pandit. "We ...
Smith Barney Math
portfolio.com 1/12/2009 — I'm trying to work out the mathematics of the proposed joint venture between Citigroup and Morgan Stanley, and what it does for Citi's balance sheet, using stories from the FT and Bloomberg . According to the FT, Citigroup has 15,500 brokers; ...
Citi May Book $10 Billion Gain on Morgan Stanley Deal (Update4)
bloomberg.com 1/12/2009 — Jan. 12 (Bloomberg) -- Citigroup Inc. may book a gain of as much as $10 billion by selling control of its brokerage to Morgan Stanley , helping to replenish capital depleted by the biggest losses in the bank’s history, a person familiar with the ...
Palm: Even The Bears Were ImpressedBARRONS.com: Tech Trader Daily 1/12/2009
Palm (PALM) shares have further extended their huge rally following their introduction at CES of the new Palm Web OS and the Palm Pre smartphone, thanks in part to upgrades of the stock from the formerly bearish analysts at Citigroup and  ...
First Solar: Citi Cuts Rating, Target, Estimates; Contends Street Is Too Ambitious On Hopes For Stimulus PlanBARRONS.com: Tech Trader Daily 1/13/2009
Citigroup’s Timothy Arcuri this morning cut his rating, target and estimates on First Solar (FSLR) . Arcuri cut his rating to Hold from Buy; his target drops to $170, from $205. For 2009, his EPS estimate drops to $6.78, from $6.80; more ...
Citigroup: A house built on SandyThe Economist: Full print edition 1/15/2009
And the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell: and great was the fall of it “TOO big to fail, too shit to buy” is the way some Citigroup insiders describe their employer. Not for ...