nakedcapitalism.com - 1/12/2009
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The Wall Street Journal tonight says, " Citigroup Takes First Step Toward Breakup ." But what does that mean, exactly? Or had the Journal gone a bit far with the notion that the bank is doing some way, way overdue housecleaning? The eye-popping bit is that the asset dispositions are ...
online.wsj.com - 1/10/2009
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online.wsj.com —
Citigroup Inc., under pressure from the federal government,
took a big step toward breaking up the financial
supermarket, entering discussions to spin-off its Smith Barney brokerage unit into a joint venture with rival Morgan Stanley, according to ...
(more)
Citigroup Takes First Step Toward Breakup
bloomberg.com - 1/14/2009
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bloomberg.com —
Commentary by David Reilly Jan. 14 (Bloomberg) --
Time and again, big banks such as Citigroup Inc.
argued that irrational and seized-up markets, not the woeful state of their balance sheets, were to blame for convulsing share prices. For more than 18 ...
(more)
Citigroup Crisis Is Emblem of Capital Drought: David Reilly
online.wsj.com - 1/13/2009
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online.wsj.com —
Citigroup Inc. will soon announce a drastic plan
to shed a host of businesses and shrink itself
by one-third, say people familiar with the bank, which its executives say will essentially dismantle the financial colossus built by legendary deal maker ...
(more)
Citigroup Ready to Shrink Itself by a Third
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Sunday links: research independence
Abnormal Returns —
... The worst year for job losses since 1945. (WSJ.com)
Robert Rubin’s not-so “free ride” is over, as Citigroup (C) begins the great dismantling. (WSJ.com, Slate.com, Market Movers, USNews.com, naked capitalism, Curious Capitalist, Big Picture)
Is 2009 the “Year of the Hedge Funds“? ( ...
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