5:36am ET
Investing
Apple (AAPL) Passes Citigroup (C) In Market Cap
With all of the write-offs it has taken in the past and all those it is likely to take in the future, the market rubbed more salt in the wounds of Citigroup…
Companies
/Financial Services
Citigroup Inc
$132.90
â–² $0.22 (+0.17%) today
Markets closed · 7:50am ET
C Coverage
Page 1315:25am ET
Banking, finance, and taxes
Merrill Lynch (MER) And Citigroup (C) Expected To Post Massive Write-Downs
Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER) could show write-offs…
3:13am ET
Media
AMD (AMD) CTO Out, Fedex (FDX) CEO Wrong, Nokia (NOK) TV Broken, Citigroup (C) Set-Back
Citigroup (NYSE: C) cannot syndicate its EMI loan, AMD (NYSE: AMD) has lost its CTO, Fedex’s (NYSE: FDX) CEO sees a slowdown in the economy, and Nokia (NYSE: NOK) can’t sell phones…
5:11am ET
Economy
George Soros’ Apocalypse Vision (C)(MER)(MS)(BX)
It is spring on Wall St. With the warmer weather comes hope that the big financial crisis which seems to have engulfed everything in the world over the last three quarters is…
5:50am ET
Banking, finance, and taxes
Citigroup (C): Why Sell Loans Someone Else Wants?
Citigroup (NYSE: C) seems to have come up with a deal to sell over $12 billion in problem corporate debt, some of it likely from LBO transactions. The buyers are the astute…
Douglas A. McIntyre 2:55am ET
Media
Media Digest 4/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will…
5:29pm ET
Banking, finance, and taxes
Citigroup (C) To Dump Debt For 90% Of Face
Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private equity firms. According to The Wall Street Journal the firms include "Apollo…
Douglas A. McIntyre 4:36am ET
Investing
Ten Hedge Fund Managers Make Over $700 Million, But Who’s Counting?
If there is any sort of recession at all, the top hedge fund managers don’t know it. John Paulson and Phil Falcone of Harbinger each made as much as $2 billion last…
Douglas A. McIntyre 6:13am ET
Investing
NYSE Short Interest Hits Record, Bets Against Financials Drop
The short interest in NYSE stocks hit a record for the March 31 period. The number compare to those on March 14. Shares short in banks and brokerages began to drop. Short…
5:57am ET
Economy
Wall St.’s New Superdelegates (GS)(MS)(JPM)(C)(MER)(AIG)
A decade ago, when there were big problems in the financial markets a very small group of people came in for the fix. E. Gerald Corrigan, a man of massive girth and…
2:50am ET
Media
Media Digest 4/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters,US non-farm pay-rolls are likely to fall by 60,000. Reuters reports that Fed official are playingt down rate cut expectations. Reuters writes that the ex-ceo of UBS (UBS) wants to…
7:14pm ET
Banking, finance, and taxes
Breaking Up UBS (UBS)? The Most Complex Job In The World
Revenge is a dish best served cold. The former CEO of UBS (UBS), pushed out by the bank’s current chairman, has suggest that the huge financial firm be broken up. According to…
6:44am ET
Banking, finance, and taxes
Goldman Cuts Estimates On Citigroup (C) And Merrill Lynch (MER)
Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to "post $14 billion in writedowns on assets linked to collateralized debt obligations." “If our forecasts are correct, it is…
Douglas A. McIntyre 5:01am ET
Technology
Techs Fared Worse Than Financials In Q1: The Plague Of The High PE
With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, for the…
4:41am ET
Banking, finance, and taxes
UBS (UBS) Presages US Bank Earnings (C)(MER)(MS)
At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank’s chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans to raise…