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informationarbitrage.com - 1/14/2009
Citigroup - Somebody Please Say "Game Over"
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From the Wall Street Journal Online : Until recently, Citigroup Chief Executive Vikram Pandit had repeatedly backed the company's "universal bank" model. But with directors and executives now bracing for a fourth-quarter operating loss of at least $10 billion and federal officials worried ...
Citigroup Crisis Is Emblem of Capital Drought: David Reilly
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

Comments vote down Mish's Global Economic Trend Analysis found this 1/14/2009found this
online.wsj.com - 1/13/2009
Citigroup Ready to Shrink Itself by a Third
— 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

Comments vote down Calculated Risk found this 1/13/2009found this
The Fall of the House of Weill
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

Comments vote down Dealbreaker found this 1/13/2009found this

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Abnormal Returns:  Wednesday links: too big to succeed

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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 ...

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