According to Reuters, Steve Jobs will take a medical leave from Apple (AAPL) until June 30. Reuters reports that Bank of America (BAC) is in discussions with the government to get billions…
The conventional wisdom was that 2008 would be the worst year for bank losses in years, but that it would be the bottom. The damage of mortgage-backed securities has moved into the…
Sandy Weill created Citigroup (C) because he wanted to run the world’s largest financial services company. He had lost this opportunity earlier in his career, but he did find a way eventually…
According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces. Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna. Reuters reports the…
Citigroup Inc. (NYSE: C) has issued a statement regarding the many news reports on the possible combination of Smith Barney with Morgan Stanley (NYSE: MS).
Ben Bernanke today addressed a number of issues still plaguing the economy. He said that no one could predict how long an economic recovery would take. He acknowledged that the Obama stimulus…
Douglas A. McIntyre If a world where corporate earnings are completely predictable is a "10" and a world where they cannot be predicted at all is a "1", most of the last several years have…
The Wall Street Journal has made a great deal of the fact that six big company CEOs have been sacked in the last eight days. Chief executives are fired all the time,…
For the latest reported period, ending December 31, short sellers did not make any notable moves in or out of tech, financials, or industrial shares. What they did do was take impressively…
Usually when there are rumors that management is being changed at a company, its shares go up. There are stories flying around Wall St. that the Citgroup (C) chairman Win Bischoff will…
The list of problems that could hurt bank earnings is already pretty long. The first big problem was mortgage-backed securities. That was followed by consumer credit write-offs. Then came loans for commercial…
What will happen next on Citigroup’s board or among the ranks of its senior management involves a guessing game. By several accounts, chairman Win Bischoff is leaving. But, he has been on…
Douglas A. McIntyre According to Reuters, Citigroup (C) is near a deal to form a venture putting its brokerage business together with the one at Morgan Stanley (MS) Citi would be paid about $2 billion.…
The WSJ first reported that famed ex-Treasury Secretary Bob Rubin will be leaving the board of directors at Citigroup Inc. (NYSE: C). This has now been confirmed in multiple reports elsewhere. This…
Douglas A. McIntyre The committee assigned by Congress to keep track of whether the Treasury has spent the money from the TARP wisely has come out with its latest report which keelhauls Henry Paulson and…
Douglas A. McIntyre 