Wachovia Corp. agreed to sell itself to Wells Fargo in a $15.4 billion takeover that will require no government assistance, scrapping a federally backed deal with Citigroup Inc.
This is good for...
Citibank reported earnings today that beat pretty low expectations. The most interesting thing about the story from my perspective was that it did so by paying less for deposits.
If the market is open, the financials are down 10%. This will continue until we have another Bear Stearns-like failure. Bernanke has told us as much. Don't try to bottom-fish. These are failed...
This signals that there will be no industry-wide SIV bailout fund backed by Treasury which in turn will cause further deterioration of the capital base of those banks involved in complex SIVs.
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: 193 | Comments: 0
Tags: citibank, citi, ceo search
I view myself as a risk-taker. I have always been a risk-taker in my career and in relationships. Yet, last Monday, I was abruptly confronted with a risk that I couldn't possibly take.
Meredith Whitney of CIBC world markets wrote yesterday that Citicorp may be forced to cut its dividend or sell assets to prevent a liquidity crisis. But Citibank sure isn't acting like it's having...
Women have become one of the main targets of credit card marketing. Learn about three major types of female credit card users and how banks try to induce them with credit card deals for women.
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