The US Now Owns Citigroup (C), Not Done Funding Bank
One size does not fit all. Citigroup (C) will get a bailout which does not look anything like the deal the government has made with other large banks under the $700 billion Paulson program.…
Banking, finance, and taxes
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Newest first · Page 259Good Bank, Bad Bank: Citi & Uncle Sam (C)
The speculation has been brewing all week (longer actually, but let’s move on) where Citigroup, Inc. (NYSE: C) was going. Many believed an ‘AIG-esque’ package was coming, and many believed a quasi-filing protection was…
What Happens To Citigroup (C) On Monday Morning?
It has come to this. Will the federal government allow the shares of Citigroup (C) to open for trading on Monday morning without a plan in place to support the bank or a buyer…
How Many US Banks Will Fail? A Bailout Stretching To Infinity
The FDIC seized three more banks and sold their assets: Downey Savings and Loan, PFF Bank & Trust, and Community Bank of Loganville. The agency now has 117 banks on its list of endangered…
Giving Citigroup (C) $50 Billion, Or Much More
It would make sense that Citigroup (C) has been talking to the Fed, FDIC, and Treasury over the last few days. Even if Vikram Pandit wanted to dodge those talks, the feds would knock…
Citigroup (C) Finally Gets It Right By Considering Auction Block
At last Citigroup (C) has decided to do something to save itself beyond having town hall meetings and firing tens of thousand of people. Shares of the big bank fell to a low of…
Bank Of America (BAC) CEO Blames Government For Credit Crisis
Now that his company has its bailout cash from Henry Paulson, Bank of America (BAC) CEO Kenneth Lewis can say whatever he wants about the government. BAC has probably spent all the money, so…
Credit Cards: The Next Big Financial Explosion
A number of bank analysts believe that the reason industry earnings will not improve next year is a sharp spike up in credit card defaults. In many cases, financial companies are faced with more…
Microsoft Debt Registration (MSFT)
Microsoft Corporation (NASDAQ: MSFT) has just filed a shelf registration statement with the SEC that will allow the company to sell debt instruments from time to time if it chooses. No terms were given,…
Citigroup (C): Why Would The Prince Take The Risk?
Saudi Arabian investor Prince Alwaleed bin Talal bin Abdulaziz Al Saud is taking a very big risk, upping his investment in Citigroup (C). A sign he likes management? A copy of the letter from…
GMAC Wants To Be A Bank
According to MarketWatch: "GMAC Financial Services, said Thursday it has applied to become a bank holding company to access emergency cash under the U.S. Treasury’s Capital Purchase Program. As a bank holding company, GMAC…
Market Assuming Citigroup (C) Will Go The Way Of AIG (AIG) Or Wachovia (WB)
The market is treating Citigroup (C) as if it knows something about the bank’s near-term fortunes and that something is not good. Shares in the bank have been off 21% to $6.60. What is…
Taking TheStreet.com Private (TSCM)
TheStreet.com’s (TSCM) share price is down far enough that the company’s management must be giving some consideration to taking Cramer & Co. private. At $3 a share, the stock is down from a 52-week…
Another Rough Day For Citigroup (C): It Buys Out Its SIVs
Citigroup (C) is off almost 4% at the open after news that it has committed to acquire the remaining assets of the Citi-advised SIVs at their current fair value. That value is estimated to…
Against All Odds, E*TRADE Keeps Growing (ETFC)
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has been hit much harder than other financial institutions and the last two weeks have been rather challenging for the company and its shareholders. This morning we are seeing…