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U.S. Weighs Further Steps for Citi
U.S. Weighs Further Steps for Citi
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 with the matter. Federal officials describe the ...
A Quick Note on Bank Liabilities
A Quick Note on Bank Liabilities
baselinescenario.com — I want to pick up on a theme Simon discussed in his last two posts : the recent panic over bank debt, particularly subordinated bank debt. I’ll probably repeat some of what he said, but with a little more background. Remember back to last September. What was the lesson of Lehman ... (more) A Quick Note on Bank Liabilities
Citi and Federal Government in New Non-Rescue Rescue Talks
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
Dow ends up nearly 380 on Citigroup profit news: Financial News - Yahoo! Finance
biz.yahoo.com — 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 ... (more) Dow ends up nearly 380 on Citigroup profit news: ...
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Was The Wall Street Journal Completely Wrong About Citigroup (C)?
24/7 Wall St. — ... Vikram Pandit, CEO of Citigroup (C), said that the bank made money in the first two months of the year.  Primarily on the strength of those comments, the firm’s stock is up 36% to $1.43. But, this morning, The Wall Street Journal ran a piece saying, “ 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.” The WSJ article would indicate that the federal government has some ...

Citi Reports Profit, But Does That Mean Big Banks Are Safe Now?
Daily Markets — ... performance so far is based on historical revenue and expense rates. Citi’s projected earnings before taxes and one-time charges would be about $8.3 billion for the full quarter. Citigroup’s shares rose 38.1% on the news in trading yesterday (Tuesday) to close at $1.45 a share. However, the report was tempered by an article in the Wall Street Journal that outlined how the bank is still in the sights of federal regulators who are guarding against further losses.  Even though Federal officials aren’t expecting a sudden turn for the worse , they are examining what fresh steps ...

Related: bloomberg.com (citigroup inc-us)
With Some HelpBear Mountain Bull
A lot of help. From Bloomberg: Citigroup Inc. Chief Executive Officer Vikram Pandit said his bank is having the best quarter since 2007, when it last posted a profit. — The government’s plan to exchange its preferred stock for common shares will make Citigroup the strongest U.S. bank ...
99¢itigroupFT Alphaville
Quite a day for Vikram Pandit. The Citigroup chief cut his salary all the way back to $1 - and now his stock price falls even below that. Yes, C has broken the buck. Bloomberg nicely sums up the story, including the now somewhat ironic circumstances behind the group's formation - the repealing ...
Bana-vexedFT Alphaville
The latest on Citi's Mexican saga is this: March 3 (Bloomberg) -- Mexican opposition lawmakers plan to propose a bill that may force Citigroup Inc. to give up control of Grupo Financiero Banamex SA after the U.S. government said it will take a 36 percent stake in the New York-based ...