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New York Lawmakers Urge Geithner not to Cancel Citigroup-Mets Field Deal
When I first heard about this Citigroup - Mets naming rights deal, I knew right away that it would be a complete fiasco. It's really just bad timing, as the media has become very focused on the excess of Wall Street. Also their is currently a growing coalition of lawmakers in Washington that are ...
Stress Test: Almost 100 Regulators at Citigroup
calculatedriskblog.com — From Eric Dash at the NY Times: Bank Test May Expand U.S. Regulators’ Role Nearly 100 federal... banking regulators descended on Citigroup in New York on Wednesday morning. Dozens more fanned out through Bank of America, JPMorgan Chase and other big ... (more) Stress Test: Almost 100 Regulators at Citigroup
Citi Director Hernandez to Keep Plane, Helicopter Use (Correct)
bloomberg.com — (Corrects first paragraph to show that Citigroup is paying for Ramirez’s use of his own plane for... business trips.) Feb. 19 (Bloomberg) -- Citigroup Inc. , the U.S. bank that got a $52 billion government bailout, said director Roberto Hernandez Ramirez ... (more) Citi Director Hernandez to Keep Plane, Helicopter Use ...
Morgan Stanley, Citigroup to Give Brokers Big Retention Fees
online.wsj.com — Building the biggest brokerage firm on Wall Street is proving costly to Morgan Stanley and Citigroup Inc.,... which are planning to pay brokers about $3 billion to keep them from being poached away from the joint venture, people familiar with the matter ... (more) Morgan Stanley, Citigroup to Give Brokers Big Retention ...
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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, ...
Citigroup
krugman.blogs.nytimes.com 11/24/2008 — Mark Thoma has the rundown of informed reactions. A bailout was necessary - but this bailout is an outrage: a lousy deal for the taxpayers, no accountability for management, and just to make things perfect, quite possibly inadequate, so that Citi will ...
Citigroup - Somebody Please Say "Game Over"
informationarbitrage.com 1/14/2009 — 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 ...
Credit Risk Rises on Citigroup Breakup Speculation
globaleconomicanalysis.blogspot.com 11/21/2008 — I have been saying for over a year that Citigroup would not survive in one piece. That option is looking increasingly likely as the Citigroup Board Weigh Options . Citigroup Inc.'s board meets today to discuss the bank's options after Chief Executive ...
Citi on Its Way to Breakup?
nakedcapitalism.com 1/12/2009 — 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? The eye-popping bit ...
WSJ Reports Citi and Government Approach New Agreement
economicdiscourse.com 2/27/2009 — The foreign markets and futures have already began to sell off on the news, they must not like this "new plan" and neither do we. Although these are preliminary reports, it looks as if the government's conversion from preferred stock to common could be limited by private investor interest (which ...
Citigroup Bailout Raises Viability Questions For Entire Banking System
globaleconomicanalysis.blogspot.com 11/25/2008 — Still more details are emerging from the weekend bailout of Citigroup . And in what is no surprise in this corner, it appears Citigroup is not well capitalized and Faces Pressure to Slim Down . The government rescue of Citigroup Inc. reversed the ...
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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 ...
New York Times: Citi Woes Due to Lousy Risk Controls, Plus Prince's and Rubin's Strategy
nakedcapitalism.com 11/24/2008 — The New York Times has a solid bit of reporting tonight by Eric Dash and Julie Creshwell, " Citigroup Pays for a Rush to Risk ," that seeks to explain why the giant bank got itself in so much trouble. The piece points to the usual culprit, too much ...
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 ...
The New New DealThe Big Money 2/12/2009
A deal is done. Congress showed remarkable speed in reaching agreement on an economic recovery plan that The Wall Street Journal says will be the nation's " largest economic rescue programs since Franklin Roosevelt launched the New Deal." The new ...
Business this weekThe Economist: Full print edition 2/12/2009
Bankers in America and Britain faced a roasting at hearings in Congress and Parliament. The chief executives of eight banks, including Bank of America, Citigroup and Goldman Sachs, were contrite in their testimony to congressmen, who wanted to know ...
Japan's brokerages: Anything but cordialThe Economist: Full print edition 2/12/2009
More competition is emerging for Japan’s downtrodden brokers IT IS a harsh winter in Nihonbashi, Japan’s old financial district. Shares of Nomura, the biggest broker, hit their lowest level in more than 25 years on February 9th, after it ...