The Telegraph has a story indicating the Citigroup (C) may offer British mortgage company Northern Rock at $20 billion line of credit to remain independent and work itself out of its lending…
Douglas A. McIntyre The FT writes that "Citigroup (C) is in talks with KKR to provide financing to buy some of the leveraged loans on its balance sheet." Firms like KKR want to buy the…
Douglas A. McIntyre According to Reuters, the four largest players in global financial markets have grown at a breakneck pace in the last six years, and the assets they manage are expected to double to…
The FT writes that Citigroup (C) is investigating why it had $3.3 billion of losses and writedowns in its markets and banking business. No one has lost a big job over the…
Douglas A. McIntyre According to Reuters, Verizon (VZ) is launching three new phones for the holidays, One will compete directly with the Apple (AAPL) iPhone. Reuters writes that Microsoft (MSFT) is releasing a new version…
After seeing Citigroup’s (NYSE:C) news this morning and listening to snippets of the conference call, it seems that at 9:00 AM when shares were down 2% would have been a much easier…
UBS (UBS) and Citi (C) have both announced huge write-downs on their fixed income portfolios due to tight credit and deteriorating credit markets. Watch all of the big money center banks and…
According to MarketWatch, Citigroup (C) expects to report that third-quarter earnings will drop about 60% from a year earlier due to "dislocations in the mortgage-backed-securities and credit markets, and deterioration in the…
Douglas A. McIntyre Texas Instruments (NYSE:TXN) shares are up 3.1% today at $36.85 on the dividend hike and share buyback increase. Jim Cramer on today’s STOP TRADING segment on CNBC came out and said Texas…
It looks like short sellers decided to bail out of the money center banking stocks ahead of the FOMC decision on rates. This is consistent with the overall trends if you look…
We reviewed our different portfolios of key stocks to see which ones performed the best today, and it wasn’t just the financials as a general class. At the end of the day,…
According to Reuters, Citigroup (C) will list its shares on the Japanese stock market as early as November. Reuters writes that Capgemini, Europe’s largest computer consultancy, will start to incorporate Google (GOOG)…
According to Reuters, Countrywide (CFC) will eliminate 900 jobs. Reuters writes that Apple (AAPL) is looking for higher sales and Europe launch of the iPhone as part of the reason it cut…
Stocks Tickers: MCO, MHP, XLF, GS, MS, MER, LEH, BSC, C, BAC, JPM, WFC, WB You will have to have a subscription in order to access the full article, but Moody’s has…
Analysts at Sanford C. Bernstein & Co believe that Citigroup (C) may lose $3 billion in the third quarter. The big bank "may lose between $1.2 billion and $1.5 billion on loans…
Douglas A. McIntyre 