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dealbook.blogs.nytimes.com - 1/13/2009

The Fall of the House of Weill

— 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

Stocks

Citigroup

Bank of America

James Hamilton

J.P. Morgan Chase

The Financial Modelers' Manifesto

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portfolio.com - 1/12/2009

Smith Barney Math

— 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

Stocks

Citigroup

Morgan Stanley

Smith Barney

Comments vote downundo vote up FT Alphaville found this 1/12/2009found this

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bloomberg.com - 1/14/2009

Citigroup Crisis Is Emblem of Capital Drought: David Reilly

— 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

Stocks

Citigroup

David Romer

Wells Fargo

TARP

Ben Bernanke

Travelers Group Inc

JPMorgan Chase & Co.

Comments vote downundo vote up Mish's Global Economic Trend Analysis found this 1/14/2009found this

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WSJ: Citi to Announce Major Reorganization
Calculated Risk — From the WSJ: Citi Preparing Major Overhaul Citigroup ... is preparing to unveil a major reorganization ... In addition to spinning off the New York company's Smith Barney ... Citigroup is preparing to narrow its overall mission to two areas ... wholesale banking for large corporate clients and retail banking for customers in selected markets around the world.

Too Big To Succeed . . .
The Big Picture — ... Over the past 10 years, Shareholders have voted against the mega-banking centers. The question for the next 10 years will be how the politicos and regulators, especially the Fed and FDIC — vote on the matter. > Sources: Pandit Dismantles Weill Empire to Salvage Citigroup Bradley Keoun and Lisa Kassenaar Bloomberg, Jan. 14 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=aPe0BmS_BI_w& Citigroup Ready to Shrink Itself by a Third DAVID ENRICH WSJ, JANUARY 14, ...

Breaking Up Citi
The Big Picture — via NYT via WSJ > Sources: Citigroup Plans to Split Itself Up, Taking Apart the Financial Supermarket ERIC DASH NYT, January 13, 2009 http://www.nytimes.com/2009/01/14/business/14citi.html Citigroup Ready to Shrink Itself by a Third DAVID ENRICH WSJ, JANUARY 14, 2009 http://online.wsj.com/article/SB123185686674677225.html ...

Wednesday links: too big to succeed
Abnormal Returns — ... Citigroup (C) is going through the great unwind.  (WSJ.com, DealBook, naked capitalism, Information Arbitrage) Are financial supermarkets simply “too big to succeed“?  (Big Picture) Private equity firms are in “fundraising purgatory.”  (peHUB.com) The bullish percentage index (BPI) for the major stock averages are all negative.  ( ...