bloomberg.com - 1/14/2009
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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 months, the government went along with that ...
dealbook.blogs.nytimes.com - 1/13/2009
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dealbook.blogs.nytimes.com —
John S. Reed, Sanford I. Weill and Robert
E. Rubin in 1999. After little more than a...
decade, the very model of the modern financial superpower is collapsing. As Citigroup weighs a plan to break itself apart, it is essentially seeking to unwind the ...
(more)
The Fall of the House of Weill
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
portfolio.com - 1/12/2009
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portfolio.com —
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; ...
(more)
Smith Barney Math
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Citigroup Goes To Sleep
Mish's Global Economic Trend Analysis —
It's the end of the line for Citigroup. The "group" will soon be gone as Pandit Dismantles Weill Empire to Salvage the Bank Within Citi . Vikram Pandit is unraveling his empire to save his bank. Citigroup Inc.’s chief executive officer said yesterday he would cede control of the Smith Barney brokerage to Morgan Stanley. Pandit may also dump the CitiFinancial consumer-lending unit, tag Tokyo-based Nikko Asset Management Co. for eventual sale and rein in trading with the bank’s own capital, people familiar with the matter said. Some current and former Citigroup executives place the blame for the firm’s troubles on Weill. He refused to spend enough on technology and failed ...
citi to be dismantled
Decline and Fall of Western Civilization —
via bloomberg -- but dismantled to whom? i'd wager C ends up in the arms of the government long before it can divest itself. the telegraph all but hopes for "the equivalent of the retreat from gallipoli" as vikram pandit has sold of smith barney for 10% of what it may have got just a year ago. mish surveys the end of a banking empire, highlighted this bloomberg piece. 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 ...
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Citigroup Bailout Raises Viability Questions For Entire Banking System
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Citigroup Goes To Sleep
globaleconomicanalysis.blogspot.com 1/14/2009 — It's the end of the line for Citigroup. The "group" will soon be gone as Pandit Dismantles Weill Empire to Salvage the Bank Within Citi.
Vikram Pandit is unraveling his empire to save his bank. Citigroup Inc.’s chief executive officer said yesterday ...
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finance.yahoo.com 4/2/2009 — provided by wsjlogo.gif Beaten-Down Shares Hard to Resist; 'My Opportunity to Make Some Money' The old Wall Street adage about the dangers of catching a falling knife doesn't seem to be scaring individual investors away from Citigroup Inc. Some ...
Rubin Plans to Step Down at Citigroup
dealbook.blogs.nytimes.com 1/9/2009 — Robert E. Rubin, the former Treasury secretary who is an influential director and senior adviser at Citigroup, will step down after coming under fire for his role in the bank's current troubles, The New York Times's Eric Dash reports.
Since joining ...
WSJ: Citigroup, U.S. Near Agreement on Bad Assets
calculatedrisk.blogspot.com 11/23/2008 — UPDATE2: CNBC reports: Government Now Said To Have Cold Feet From the WSJ: Citigroup, U.S. in Talks to Create 'Bad Bank' Citigroup Inc. is nearing agreement with U.S. government officials to create a structure that would house some of the financial ...
US financial bail-outs —
The Economist: Full print edition 1/15/2009
By the end of 2008 the American government had committed $243.7 billion of public money to troubled financial institutions. The $40 billion used to buy shares in American International Group, an insurer, is the single largest injection of capital ...
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