2:28am ET
Media
Media Digest 11/26/2008
According to Reuters, Paulson has turned his back on giving insurance companies part of the bailout Reuters reports that Rio Tinto (RTP) is faced with selling assets, Reuters reports that the head…
Companies
/Financial Services
Citigroup Inc
$132.10
▲ $0.17 (+0.13%) today
Markets closed · 11:38pm ET
C Coverage
Page 1156:11am ET
Investing
Why Banks Lie: Because They Don’t Have An Answer (C)(BAC)(WFC)(JPM)(MS)(GS)(MER)
It was just this last summer that the heads of Merrill Lynch (MER), Lehman, and Morgan Stanley (MS) said the financial crisis had peaked and its energy was dissipating. It would be…
5:50am ET
Economy
Paulson’s New Program: Giving People Money They Can’t Afford To Spend
The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan,…
3:51am ET
Media
Media Digest 11/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to MarketWatch, shares in Rio Tinto (RTP) dropped 40% after BHP Billiton (BHP) dropped its offer for the company. According to Reuters, Citigroup’s (C) assurances that it did not need capital…
3:22pm ET
Investing
Citigroup Analyst Sees No Market Rebound
The market may be cheering the Citigroup (C) bailout, but one of the bank’s top analysts suggested that the cork go back in the bottle. There won’t be any party between now…
Douglas A. McIntyre 7:22am ET
Banking, finance, and taxes
Does Bank Of America (BAC) Get The Next Bailout?
The Paulson/Bernanke bailout is now spreading across the financial system like a prairie fire in a stiff wind. AIG (AIG) got one deal. A number of banks got a piece of another…
5:18am ET
Banking, finance, and taxes
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…
Douglas A. McIntyre 3:54am ET
Media
Media Digest 11/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the US government gave Citigroup (C) a bailout worth over $300 billion. Reuters reports that the rescue of Citi failed to dispel concerns about the financial market as some…
5:06pm ET
Banking, finance, and taxes
Good 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…
Douglas A. McIntyre 4:10pm ET
Investing
A Vote For Selling Citigroup (C) To Goldman Sachs (GS) Or Morgan Stanley (MS)
There had been speculation for almost a week that the government has been trying to broker a marriage between Goldman Sachs (GS) and Citigroup (C). Goldman has apparently been cool toward taking…
8:01am ET
Banking, finance, and taxes
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…
7:06am ET
Banking, finance, and taxes
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…
3:50pm ET
Investing
The 52-Week Low Club (C)(FL)(JPM)(NYT)(BAC)(DELL)
Foot Locker (FL) Cuts earnings outlook. Falls to $3.65 from 52-week high of $18.19. Citgroup (C) Still concerns about whether government will have to step in to stop bleeding. Down to $3.05…
12:05pm ET
Banking, finance, and taxes
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…
6:09am ET
Economy
Rallying Back From The Depths Of Hell
The market has to rally something, and this is as good as any. The DJIA has fallen from 13,850 less than a year ago to 7,552. The idea that Citigroup (C) may…
Douglas A. McIntyre