According to Reuters, Citigroup (C) is selling up to 4.9 percent of itself for $7.5 billion to the investment arm of the Abu Dhabi government. Reuters writes that retail stocks fell despite…
In a move that may be a victory of hope over reason, the investment arm of the Abu Dhabi government has put $7.5 billion into Citigroup (C). Wall St. may never know…
Douglas A. McIntyre Citigroup (C) Report of huge lay-offs. Shares trade below $30 for first time in five years. Drops to $29.75 from 52-week high of $57. Countrywide Financial (CFC) Senator asks for probe of…
After the beating that Citigroup (C) has taken and with all of the trouble that may still be ahead, investors would think securities analysts would have a negative outlook on the company’s…
Douglas A. McIntyre Citigroup (NYSE:C) has probably been covered to death, but the 5% drop and the flirt with $30.00 puts this one at a severe risk today. The last time shares were down here…
Douglas A. McIntyre Citigroup (C), JPMorgan (JPM), and Bank of America (BAC) want to raise a fund worth $80 billion to make short-term loans to SIVs that do not currently have a market for many…
CNBC says that a senior official at Citigroup (C) has said that the bank is preparing for huge lay-offs. Douglas A. McIntyre
Douglas A. McIntyre HSBC (HBC) is taking $41 billion in SIV assets onto it balance sheet, a move that could pressure US banks like Citigroup (C) to follow. Bloomberg writes "investors in the SIVs will…
According to Reuters, Richard Branson’s Virgin Group has been picked as the preferred bidder for troubled UK financial company Northern Rock. Reuters writes that Rio Tinto (RTP) rebuffed a bid from BHP…
Last week’s trading might have been a bell weather for whether the market thinks the worst is behind some of the troubled financial institutions. But, as The Wall Street Journal pointed out,…
Douglas A. McIntyre According to Reuters, the Fed’s decision to make an October rate cute was a "close call." Reuters writes that Paulson said home loan defaults will be much higher in 2008. Reuters writes…
According to Reuters, Goldman Sachs (GS) issued a report saying the housing sector had much further to fall and that some financial institutions would have to raise money to stay in business.…
There are many other impact analyst calls this morning, but these are the TOP 10 ANALYST CALLS that 24/7 Wall St. is focusing on: AFLAC (AFL) raised to Hold from Sell at…
Goldman Sachs (GS) has downgraded Citigroup (C) to "sell" "with the broker seeing up to $15 billion in write-downs from collateralized debt obligations over the next two quarters," according to MarketWatch.
Citigroup (C) may look outside the US for its next CEO. According to The Telegraph, Royal Bank of Scotland CEO, Sir Fred Goodwin, "is understood to have been informally approached by Citigroup…
Douglas A. McIntyre