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Citigroup Said to Need Treasury Stake Sale Before TARP Payment
hf-implode.com — "The U.S. Treasury Department’s refusal to sell its 34 percent stake in Citigroup Inc. is hampering the... bank’s plans to repay $20 billion of remaining bailout funds, people familiar with the bank said." (more) Citigroup Said to Need Treasury Stake Sale Before TARP ...
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

Citigroup Latest Blog Posts

Every Dog Has Its Day, Even Citigroup
18 hours ago at naked capitalism
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
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 ...
Meru Capital Hedge Fund Launch
Meru Capital Hedge Fund Launch
richard-wilson.blogspot.com — Meru Capital Hedge Fund Launch Old Lane Partners Launch One of Largest Startups of 2009 Four hedge... fund veterans have opened a new fund, Meru Capital Group.  The four previously founded the Citigroup Inc. fund Old Lane and now have teamed up again to launch one of the largest hedge ... (more) Meru Capital Hedge Fund Launch
Citi bond offering marks crisis hangover for Abu Dhabi
hf-implode.com — " Abu Dhabi Investment Authority is set to pay its first bill of misery to Citigroup Inc.Because... of an investment deal struck two years ago, early in the financial crisis, the United Arab Emirates' sovereign fund will soon start purchasing $7.5 billion in Citigroup shares at $31.83 apiece, Citi ... (more) Citi bond offering marks crisis hangover for Abu Dhabi
HGSI Absorbing Secondary Offering (HGSI)
vsinvestor.com — Human Genome Sciences, Inc. (NASDAQ: HGSI) has raised its stock offering due to strong demand. The company... sold 15,500,000 new shares of common stock at $26.75 per share after a $27.46 closing bell price Wednesday. The size of the offering was ... (more) HGSI Absorbing Secondary Offering (HGSI)
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
Will you bail out Dubai?
marginalrevolution.com — Would you like to buy an indoor ski resort in Dubai? Maybe you already have. Andrew Sorkin... makes a good point in today's column . The problem of moral hazard is often written off as a problem for "the future," less important than dealing ... (more) Will you bail out Dubai?
Citigroup Hires Buiter as New Chief Economist
dealbook.blogs.nytimes.com — Citigroup said on Monday that it has hired Willem Buiter, a professor at the London School of... Economics, as its chief economist, effective January 2010. (more) Citigroup Hires Buiter as New Chief Economist
Top 10 Analyst Upgrades, Downgrades, Initiations (ANF, AGAM, BIDU, DE, GENZ, HBC, SVA, USB, X, FCX)
247wallst.com — These are this morning’s top pre-market analyst upgrades, downgrades, and initiations seen in Wall Street research calls:... Abercrombie & Fitch (ANF) Raised to Outperform at FBR. AGA Medical (AGAM) Started as Buy at Citigroup; Started as ... (more) Top 10 Analyst Upgrades, Downgrades, Initiations (ANF, ...
Citigroup Inc. (C) trading plan
Citigroup Inc. (C) trading plan
gicharts.blogspot.com — On my radar screen this morning ; the chart of Citigroup Inc. (C) Keeping an eye on... the situation in Dubai ; Dubai's index lost 7%, while Abu Dhabi's index lost 8%. Not easy to make sense of the news coming out of that region ; between the constant ... (more) Citigroup Inc. (C) trading plan
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
Citi Gives Mortgage Workouts to 130,000 Borrowers
hf-implode.com — " A day after Bank of America (BAC: 16.25 -0.25%) released details of the 100,000 mortgage workouts... it offered through a homeownership retention program so far, Citigroup (C: 4.25 -0.70%) said it provided workouts for 130,000 distressed homeowners in Q309." (more) Citi Gives Mortgage Workouts to 130,000 Borrowers
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
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 ...
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
Disingenuous Credit Card Whining And Questionable Risk Policies At Citigroup
hf-implode.com — " Citigroup is whining that new regulations eliminate pricing for risk. So what does it do? Jack... up rates is the answer." (more) Disingenuous Credit Card Whining And Questionable Risk ...
Disingenuous Credit Card Whining And Risk Policis At Citigrifroup
globaleconomicanalysis.blogspot.com — Citigroup is whining that new regulations eliminate pricing for risk. So what does it do? Jack up... rates is the answer. To lower interest rates, Citi customers must spend more . Mike "Mish" Shedlock is a registered investment advisor representative for ... (more) Disingenuous Credit Card Whining And Risk Policis At ...
Paulson Gives 3rd-Quarter Investor Update
Paulson Gives 3rd-Quarter Investor Update
dealbook.blogs.nytimes.com — John Paulson, the hedge fund manager who gained fame betting on the mortgage crisis, sees big opportunities... to wager on price discrepancies in banking stocks, according to his most recent letter to investors. (more) Paulson Gives 3rd-Quarter Investor Update
Moody’s May Cut Goldman Debt in $450 Billion Review
hf-implode.com — "Debt sold by Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. is among the... $450 billion of securities that Moody’s Investors Service said it may downgrade." (more) Moody’s May Cut Goldman Debt in $450 Billion Review
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
Citi raises salaries for CFO, global markets head
hf-implode.com — Citigroup Inc. said its chief financial officer and co-head of global markets are getting raises, while CEO... Vikram Pandit will continue to collect a salary of $1 per year. Citigroup, based in New York, faces restrictions on executive compensation because it received $45 billion in government ... (more) Citi raises salaries for CFO, global markets head
Citi Says Buy Pulte (PHM)
vsinvestor.com — Pulte Homes Inc. (NYSE: PHM) could be subject to the housing starts figure later this morning, but... so far shares are trading higher. Citigroup raised its rating to BUY in a research call this morning. Shares are trading up 4.7% at $10.05 on almost ... (more) Citi Says Buy Pulte (PHM)
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
Today’s Best Market Rumors  (11/16/2009) (NVDA)(C)(AAPL)
Today’s Best Market Rumors (11/16/2009) (NVDA)(C)(AAPL)
247wallst.com — Updated throughout the day. Central banks will be net purchasers of gold for the first time in... decades (CNBC) Goldman Sachs (NYSE:GS) wants to expand it wealth management operation (Investment News and Business Insider) Nvidia (NASDAQ:NVDA) has ... (more) Today’s Best Market Rumors (11/16/2009) (NVDA)(C)(AAPL)
Top Day Trader Alerts (C, DELL, NLST, NABI, PARD, RVSN, CSCO)
247wallst.com — These are this Monday morning’s top day trader and active trader alert stocks. We have a link... through to each stock at VSInvestor.com with more detailed analysis and data. Citigroup, Inc. (NYSE: C) is up 4% on the Paulson stake being so ... (more) Top Day Trader Alerts (C, DELL, NLST, NABI, PARD, RVSN, ...
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
Citi Surging on Paulson Stake (C)
vsinvestor.com — Citigroup, Inc. (NYSE: C) is trading up on the filing showing that John Paulson, the notorious short... seller, now holds a stake of 300 million shares of Citi. At 8:28 AM EST we have seen almost 15 million shares trade hands and the gain is 4.4% to ... (more) Citi Surging on Paulson Stake (C)
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
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
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
Driving Youthful Investors Towards Citigroup
Driving Youthful Investors Towards Citigroup
blog.ockhamresearch.com — Caller : Hey, I’m interested in buying a stock, Citigroup, and I would like to know would... it be a good stock? I’m 28 years old, and I want to know it Citi a good long-term and short-term investment? Cramer : And what was the stock? Did we get the stock’s name? Citigroup. ... (more) Driving Youthful Investors Towards Citigroup
Entertainment Properties Slammed on Secondary (EPR)
vsinvestor.com — Entertainment Properties Trust (NYSE: EPR) is getting hit after the company announced last night that plans to... file a supplement to its shelf registration statement with the SEC for a public offering of 4,500,000 of common stock. J.P. Morgan and RBC ... (more) Entertainment Properties Slammed on Secondary (EPR)
Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says
Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says
dealbook.blogs.nytimes.com — Citigroup is preparing to relaunch its hedge fund business operations, after months of debate on the unit's... future, The Financial Times reported. (more) Citigroup Eyes Relaunch of Hedge Fund Unit, Report Says
Citi Said to Eye Relaunch of Hedge Fund Unit
hf-implode.com — ``The move comes after two years of performance problems and investor unrest at the unit, Citi Alternative... Investments. Now, it seems, the only problem facing Citigroup executives is what to name the unit, which has $14 billion of assets under management.'' (more) Citi Said to Eye Relaunch of Hedge Fund Unit
Citigroup is ALREADY Being Broken Up ... But Not Enough
hf-implode.com — "Citigroup Inc.... is already being broken up under part-ownership by the government, [Richard] Bove and other analysts... say..." (more) Citigroup is ALREADY Being Broken Up ... But Not Enough
Senator Seeks to Break Up Banks 'Too Big to Fail'
Senator Seeks to Break Up Banks 'Too Big to Fail'
dealbook.blogs.nytimes.com — Senator Bernard Sanders of Vermont has introduced legislation that would force the Treasury Department to break up... all financial institutions whose failure could cause a major disruption to the nation's financial system. (more) Senator Seeks to Break Up Banks 'Too Big to Fail'
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)
Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)
247wallst.com — Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds (FT) The... stock market is at risk of not holding 10,000. (TheStreet) AIG (NYSE:AIG) will not hold a conference call to avoid uncomfortable ... (more) Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)
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
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
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 ...
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
New York Businesses Get H1N1 Vaccine
businessweek.com — Citigroup, Goldman Sachs, and other large city employers have started receiving small quantities of swine flu vaccine... for high-risk employees By Esmé E. Deprez To the list of hundreds of schools, hospitals, and community health centers that have ... (more) New York Businesses Get H1N1 Vaccine