No one knows what a Great Depression would look like in 2009. It would not necessarily have to match the 25% or so unemployment rate which was the high-water mark of joblessness…
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…
Douglas A. McIntyre A quick look at bank stocks would indicate that Wall St. is not terribly impressed with the Paulson $700 billion bailout plan. Citigroup (C), the whipping boy of the group, may be…
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.…
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…
Douglas A. McIntyre Citigroup (C) CEO Vikram Pandit may have simply locked himself in the executive washroom and thrown away the key. No one has anything encouraging to tell him and if he does not…
Douglas A. McIntyre According to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects. Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or…
Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94. Citigroup (C) Still concerns that bank can…
According to Reuters, Yahoo! (YHOO) CEO Yang resigned. Reuters reports that Japan expects a long recession. Reuters writes that Congress will take a first look at a new auto bailout bill. Reuters…
If the press is right, Citigroup (C) is about to hold a big pep rally with its CEO Vikram Pandit raising the cheer followed by an announcement that it will fire another…
According to Reuters, Japan has fallen into a recession. Reuters writes that the top seven executives at Goldman Sachs (GS) will take no bonuses. Reuters reports that a poll showed that many…
Citigroup (C) CEO Vikram Pandit will have an employee meeting on Monday in the hope that he can calm concerns that the huge financial company is falling apart. With its stock below…
Douglas A. McIntyre According to Bloomberg, Citigroup Inc. Chief Executive Officer Vikram Pandit sought to reassure employees today, saying in an internal memo that the bank’s revenue is “strong and stable” and its capital “plentiful.”’.…
Douglas A. McIntyre Perhaps it is a remarkable failure of imagination or just animal panic. A day after Citigroup (C) hit a multi-year low and spent time below $10, CEO Vikram Pandit’s answer was to…
According to Reuters, concerns about the global economy are growing as the G20 nations are meeting. Reuters says that Congress challenged banks on how they would use bailout funds. Reuters reports that…
