biz.yahoo.com - 3/10/2009
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NEW YORK (AP) -- Wall Street has had its best day of the year, storming higher after some good news from Citigroup. Citigroup Inc. says it operated at a profit during the first two months of the year. That energized financial stocks and in turn, the entire stock market. Surprised investors drove ...
online.wsj.com - 3/10/2009
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online.wsj.com —
DAMIAN PALETTA , JON HILSENRATH and DAVID ENRICH
Barely a week after the third rescue of Citigroup...
Inc., U.S. officials are examining what fresh steps they might need to take to stabilize the bank if its problems mount, according to people familiar ...
(more)
U.S. Weighs Further Steps for Citi
nakedcapitalism.com - 3/10/2009
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nakedcapitalism.com —
The double-speak in this Wall Street Journal piece,
" U.S. Weighs Further Steps for Citi ." is...
so thick that parsing it is like wading through mud. And I do mean to stress the attempts to obfuscate what is going on. Recall that the last retrade of ...
(more)
Citi and Federal Government in New Non-Rescue Rescue Talks
online.wsj.com - 3/11/2009
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online.wsj.com —
Can Citigroup continue to lift the stock market?
Stocks soared Tuesday after Citi Chief Executive Vikram Pandit...
said the bank was profitable in the first two months of this year. Citi is arguably the nation's sickest large bank, so any sign it can ...
(more)
Vikram Pandit's Citi of Dreams
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"Big Bear Market Rally Coming," Says Noted Bear Barry Ritholtz
Yahoo! Finance: Tech Ticker —
Updated from 8:35 a.m. ET Stocks jumped early Tuesday with the Dow recently up about 3.5% while the S and Nasdaq were each up more than 3.8%. The gains are being widely attributed to a l eaked memo revealing Citigroup ...
Guest Post: The Inner Circle of Systemic Risk?
naked capitalism —
Submitted by Leo Kolivakis, publisher of Pension Pulse. Wall Street had its best day of the year, storming higher after some good news from Citigroup: Citigroup Inc. says it operated at a profit during the first two months of the year. That energized financial stocks and in turn, the entire stock market. Surprised investors drove the major indexes up more than 5.5 percent to their biggest one-day rally of the year. The Dow Jones industrials shot up nearly 380 points. However, many analysts are ...
Yahoo Tech Ticker: Jon Najarian of OptionMonster.com, Todd Harrison of Minyanville, and Barry Ritholtz All Bullish (for now)
Fund My Mutual Fund —
... Stocks jumped early Tuesday with the Dow recently up about 3.5% while the S&P and Nasdaq were each up more than 3.8%. The gains are being widely attributed to a leaked memo revealing Citigroup ...
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Stocks shoot higher on Citigroup profit news - Yahoo! Finance
finance.yahoo.com 3/10/2009 — NEW YORK (AP) -- Wall Street has had its best day of the year, storming higher after some good news from Citigroup. Citigroup Inc. says it operated at a profit during the first two months of the year. That energized financial stocks and in turn, the ...
Dow jumps more than 300 as Citi announces profit - Yahoo! Finance
finance.yahoo.com 3/10/2009 — NEW YORK (AP) -- Wall Street got some good news from Citigroup, and responded with a huge rally. Led by financial stocks, the market made its first big move upward in weeks Tuesday after Citigroup Inc. said it had operated at a profit during the ...
Citi: Not Earning Its Way Out of Bailouts
blog.ockhamresearch.com 9/16/2009 — “Citigroup under fire for potentially selling more shares to help buy back some of the government’s stake in the bank. The move to damage the already battered stock with more dilution, even as the troubled institution prepares for potential loss in the fourth quarter. And that’s the ...
The Citi Deal: This Changes Nothing
optionarmageddon.ml-implode.com 3/2/2009 —
Treasury and Citi announced their deal this morning by which the government and other preferred stockholders will convert their shares to common equity. No more money is being spent by the government, but shareholders are having their stakes cut ...
Retail Traders Bet On Citigroup Recovery
economicdiscourse.com 4/3/2009 — When Citigroup was trading somewhere around $1 a share, my friend made an interesting proposition. He asked me if I would rather buy one share of Citi or purchase an item off of the McDonald’s dollar menu. The opportunity didn’t last very long, as Citigroup shares didn’t spend ...
Tangible Common Equity…
optionarmageddon.ml-implode.com 2/23/2009 —
Treasury may convert its stake in Citi from preferred to common equity. ( WSJ )
Citigroup Inc. is in talks with federal officials that could result in the U.S. government substantially expanding its ownership of the struggling bank, according ...
Citi doesn't need more government aid: Parsons
reuters.com 3/13/2009 — WASHINGTON (Reuters) - Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands. Asked in an interview with ...
Citigroup Begs To Be 40% Nationalized
globaleconomicanalysis.blogspot.com 2/23/2009 — Citigroup is in deep trouble. Its share price is $1.95 and the market is recognizing what I said a year ago: "Citigroup Is Insolvent". Of course it is not just Citigroup that is insolvent, the entire global banking system is insolvent. Nonetheless, ...
CEO STRESSED OUT - New York Post
nypost.com 4/24/2009 — Last updated: 1:16 am April 24, 2009 Posted: 1:00 am April 24, 2009 Citigroup CEO Vikram Pandit's job security is increasingly in jeopardy as momentum grows in Washington to oust him. With the bank stress tests wrapping up, sources tell The Post that ...
CitiCat Sez —
The Big Money 3/10/2009
Recommended reading: "Pandit says Citigroup having best quarter since 2007"-- Bloomberg
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