WSJ Reports Citi and Government Approach New Agreement

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Universal Banking

posted by drewb612 vote down flag

economicdiscourse.com - 2/27/2009

WSJ Reports Citi and Government Approach New Agreement

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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 ...

baselinescenario.com - 2/24/2009

Tangible Common Equity for Beginners

— baselinescenario.com — For a complete list of Beginners articles, see Financial Crisis for Beginners . You may have seen in the news that the government is thinking about exchanging its “preferred stock” in Citigroup for “common stock.” Here’s one of many articles . Which, if you are ... (more) Tangible Common Equity for Beginners

Stocks

Citigroup

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jamesykwak posted 2/24/2009posted this

nytimes.com - 2/27/2009

U.S. Agrees to Raise Its Stake in Citigroup

— nytimes.com — In its most daring bid yet to stabilize Citigroup , one of the nation’s largest and most troubled financial institutions, the Treasury Department announced on Friday that it would vastly increase its ownership of the struggling company. After two ... (more) U.S. Agrees to Raise Its Stake in Citigroup

Stocks

Citigroup

Comments vote down Calculated Risk found this 2/27/2009found this

bloomberg.com - 2/28/2009

Citigroup’s Third U.S. Rescue May Not Be Its Last, Analysts Say

— bloomberg.com — Feb. 28 (Bloomberg) -- The U.S. government’s third attempt to help rescue Citigroup Inc. won’t stanch the company’s losses , which will continue to swell and may lead the bank to require more money in coming months, analysts said. Yesterday’s action ... (more) Citigroup’s Third U.S. Rescue May Not Be Its Last, ...