Citigroup received the government bailout today that everyone knew was coming. The question is will this be enough and will Citi be back on the hot seat in a couple of months?
The Asian markets are open and no word on a rescue plan for crashing Citi. Exactly the same scenario as Lehman. No government, no investors. Amazing inaction again in a moment of crisis.
Article | Updated Nov 23, 2008 | Views: 90 | Comments: 1 Tags: citi
Citigroup's stock fell below $10 in trading today, hitting a level not seen since the mid-90s. There are also rumors Citi may be purchasing Chevy Chase bank. Looking at their stock chart I'm not...
As was widely expected, Wachovia was purchased today, marking the end of another large financial institution. It was a little surprising that Citigroup was the buyer considering their weakened...
The NY Times is reporting that Wachovia and Citi are in merger talks. Wachovia needs a buyer. It's stock is getting crushed and it's suffering from a bundle of bad mortgage loans.
I found the headline almost unbelievable. Isn't Citi the biggest financial services company in the world? Now, it appears to have stumbled so badly in the collateralized debt markets that it is...
Does anyone want to be CEO of Citi (C)? If so, speak up. Josef Ackerman of Deutsche Bank (DB) is the latest high-profile banking executive to shy away from taking the top job at the financial...
Article | Submitted Dec 5, 2007 | Views: 223 | Comments: 0
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