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Citigroup - Last 30 Days

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Citi to relaunch troubled hedge fund unit
ft.com — By Henny Sender and Francesco Guerrera in New York Published: November 6 2009 00:01 | Last updated:... November 6 2009 00:01 Citigroup is poised to relaunch the unit containing its troubled hedge fund operations after nearly two years of poor ... (more) Citi to relaunch troubled hedge fund unit
S&P to clarify rankings on capital strength
ft.com — Published: November 24 2009 19:41 | Last updated: November 24 2009 19:41 Standard & Poor’s acknowledged on... Tuesday that a new ranking of banks’ capital strength , which had sparked concerns over lower-ranked institutions such as UBS and Citigroup , ... (more) S&P to clarify rankings on capital strength

Citigroup Latest Blog Posts

Every Dog Has Its Day, Even Citigroup
21 hours ago at naked capitalism
Terra Firma's Bid to Save EMI Rejected
online.wsj.com — Citigroup Inc. has rejected Terra Firma Capital Partners Ltd.'s latest bid to restructure EMI GroupLtd., as the... music company's lender and its owner haggle over how to address its debt burden. Citigroup in the past few weeks rebuffed a proposal from ... (more) Terra Firma's Bid to Save EMI Rejected
S&P raises fears over health of some banks
ft.com — Published: November 23 2009 19:23 | Last updated: November 23 2009 22:20 A study by Standard &... Poor’s, one of the world’s leading credit rating agencies, has raised questions over the financial strength of some of the biggest banks ahead of new rules ... (more) S&P raises fears over health of some banks
Hedge-Fund Veterans Start Anew
online.wsj.com — Four founding partners of former Citigroup Inc. hedge fund Old Lane, including its ex-chief executive Guru Ramakrishnan,... have launched a firm that is one of the biggest U.S. hedge-fund start-ups of the year. The New York-based fund, Meru Capital ... (more) Hedge-Fund Veterans Start Anew
Kass: The Quant Bubble
thestreet.com — Quant funds' outsized influence in buying stocks, bonds and commodities is approaching the height of its popularity.... (more) Kass: The Quant Bubble
Government Backed $4.3 Trillion in Assets Last Year
Government Backed $4.3 Trillion in Assets Last Year
cnbc.com — The U.S. government guaranteed as much as $4.3 trillion in financial assets last year, making such backstops... the biggest and riskiest part of Washington's response to the financial crisis, a bailout watchdog panel said on Friday. The Congressional ... (more) Government Backed $4.3 Trillion in Assets Last Year
The Man Who Sunk Citigroup Launches Hubris Fund
dealbreaker.com — Having just written a book on the subject ( When Mooks Fail , currently #15 on the... Amazon.com best-seller list ), Charlie G. continues his intrepid reporting on the utter shamelessness of Wall Street. Now, Tom Maheras , the former Citigroup president, ... (more) The Man Who Sunk Citigroup Launches Hubris Fund
Petition: U.S. Senator Bernie Sanders (Vermont)
sanders.senate.gov — Too Big to Fail is Too Big to Exist Financial institutions that are too big to fail... played a major role in undermining the American economy and driving our country into a severe recession. Financial institutions that are too big to fail put taxpayers ... (more) Petition: U.S. Senator Bernie Sanders (Vermont)
When banks use capital made of sand
blogs.reuters.com — Citigroup’s capital position appeared much improved when the bank reported third-quarter earnings, but a look beneath the... surface shows that much of its capital is of questionable value. According to its recent 10-Q, Citi had $38 billion of ... (more) When banks use capital made of sand
Paulson Puts Money on Citi, Ditching Goldman
Paulson Puts Money on Citi, Ditching Goldman
dealbook.blogs.nytimes.com — John Paulson, the hedge fund manager, has continued to build his stake in Citigroup, while jettisoning his... investment in Goldman Sachs. (more) Paulson Puts Money on Citi, Ditching Goldman
Citi's clunker deal
nypost.com — Several big-name buyout shops have held informal talks with Citigroup about buying the struggling bank's auto-loan business,... whose outlook is improving as the car business recovers, The Post has learned. Sources tell The Post that Blackstone and ... (more) Citi's clunker deal
Bailout Ben - Home
bailoutben.com — Bailout Ben (aka Helicopter Benny), the intrepid pilot of Bail Force One, is on a mission to... engineer the biggest bailout in the history of the universe! Benny's helicopter is flying lower and lower, and if he doesn't bail out every single company he ... (more) Bailout Ben - Home
Fed Said to Ask Banks to Submit Plans to Repay TARP (Update1)
Fed Said to Ask Banks to Submit Plans to Repay TARP (Update1)
bloomberg.com — Nov. 23 (Bloomberg) -- The Federal Reserve asked nine of the U.S. banks that were part of... this year’s stress tests to submit plans for repaying the government’s capital injections, a person familiar with the situation said. The central bank this ... (more) Fed Said to Ask Banks to Submit Plans to Repay TARP ...
Sandy Weill: ‘I’m Not Really Wanting of Objects’ -- Daily Intel
Sandy Weill: ‘I’m Not Really Wanting of Objects’ -- Daily Intel
nymag.com — Last night at the opening-night gala for Alvin Ailey American Dance Theater, New York reporter Jada Yuan... came face to leathery face with Sandy Weill, the former Citigroup chairman who built the company into a struggling monster now supported by the ... (more) Sandy Weill: ‘I’m Not Really Wanting of ...
Investors cheer BofA capital raising
ft.com — By Francesco Guerrera and Justin Baer in New York Published: December 3 2009 20:37 | Last updated:... December 4 2009 00:42 Investors on Thursday welcomed Bank of America ‘s $19.3bn capital raising to repay $45bn of bail-out funds as relief at its escape ... (more) Investors cheer BofA capital raising
Chinese official slams banks over derivatives
ft.com — A senior Chinese official who oversees the country’s largest state-owned enterprises has publicly slammed western investment banks... for “maliciously” peddling complicated derivative products that caused huge losses for Chinese companies over the last ... (more) Chinese official slams banks over derivatives
Citigroup Wants to Relaunch Hedge Fund Unit But Can't Think of a Good Name
nymag.com — Citigroup is set to relaunch the unit that oversees all of its hedge fund operations — Vikram... Pandit's old stomping grounds — but one of the biggest problems is picking a name for the damn thing. Citi Alternative Investments, as it's called now, is ... (more) Citigroup Wants to Relaunch Hedge Fund Unit But Can't ...
Paulson Takes Citigroup Stake, Sells Goldman Sachs Shares
Paulson Takes Citigroup Stake, Sells Goldman Sachs Shares
bloomberg.com — Nov. 14 (Bloomberg) -- John Paulson disclosed that his hedge-fund group acquired 300 million shares of Citigroup... Inc. during the third quarter, while selling its entire stake of Goldman Sachs Group Inc. The Citigroup holding, listed by New York-based ... (more) Paulson Takes Citigroup Stake, Sells Goldman Sachs Shares
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