4

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

3

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

4

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

Stocks

Citigroup

Smith Barney

Morgan Stanley

Comments vote downundo vote up Calculated Risk found this 1/13/2009found this

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Citi on Its Way to Breakup?
naked capitalism — ... 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? ...

A joint venture between Citigroup (C) and Morgan Stanley (MS)?
BloggingStocks — ... According to The Wall Street Journal, "Uniting the brokerage units of Citigroup and Morgan Stanley would represent another dramatic turn in the reshaping of Wall Street since the credit crisis erupted in 2007" Citi may be under pressure from the federal government to do a deal to monetize some of the banks assets. ...

Wall Street, Circa 2010: Disaggregation and Specialization
Information Arbitrage — ... model of the one-stop financial enterprise. This model was doomed from the get-go and the financial crisis will only hasten its demise. The concept of internally diversifying cash flows by seeking to operate a pile of loosely-related businesses under one roof never made sense, theoretically or otherwise. And yesterday's announcement that Citigroup is looking to unload Smith Barney only reinforces the point - although Morgan Stanley clearly has a different view of things. ...

Why Is Robert Rubin So Bad at PR?
The Big Picture — ... Summers too long, pushing the university into an embarrassing conflict between President and faculty. It’s hard to imagine that Chuck Prince could have survived the pressures of dealing with Sandy Weill’s mess without Rubin’s protection. John Kenneth Galbraith’s dictum about the end of financial euphorias states that a previously omnipotent figure from the boom must be dethroned in the bust. Robert Rubin seems to fit that bill. Source: Citi Takes First Step Towards Break Up DAVID EHRICH Wall Street Journal; ...

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“?  (Dealbreaker ...