Search Results for: C
It is always a wonder when the markets go from horrible to wonderful in two mere days. If you asked traders, institutions, and brokers last week (or even Monday) what to expect, you would have...
Published:
According to the FT, the board at Citigroup (C) tried to get Josef Ackermann, the head man at DeutscheBank (DB) to come to the US bank as CEO. He said no. There appears to be no premier outside...
Published:
Citigroup Inc. (NYSE: C) is announcing some key management changes. While this is not a CEO change as many expect to ultimately see, this is still a rather large shake-up and is very similar to...
Published:
Last Updated:
Citigroup’s (C) CEO, Vikram Pandit, wasted the time of three dozen or so of his top executives. He took them on a retreat and laid out what he called “Rules of the Road." a seven-part...
Published:
From mid-1998 to later that year, Citigroup (C) fell from $32 to just above $13. The stock moved from almost $4.50 in February of 1987 to $1.40 in October 1990. The markets hit periods of financial...
Published:
After Citigroup (C) and Merrill Lynch (MER) have announced their earnings, Wall St. will probably see what it expected. The estimates for write-offs, lay-offs, and new capital infusions are already...
Published:
Bread is a comfort food for many people. As we thought about our favorite types of bread, thoughts of Grandma Gena’s homemade bread with strawberry jam reigned supreme. Unfortunately, you can’t...
Published:
Citigroup (G), until recently the largest financial services company in the world, traded below $1 at 11.37 AM today, one more road mark on its trip to a becoming a firm which is essentially...
Published:
Last Updated:
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 to...
Published:
Last Updated:
Citigroup (C) is still struggling. The bank reported a net loss for Q3 2008 third of $2.8 billion, or $.60 per. Total assets declined by $50 billion since second quarter 2008 and by $308 billion...
Published:
Last Updated:
Citigroup’s (C) CEO Vikram Pandit has cemented his reputation as the worst CEO of the new breed of men who replaced the remarkably careless and callous executives who ran Citi, Merrill Lynch (MER),...
Published:
Last Updated:
Merrill may have to write off another $15 billion for Q4. If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending them money. In some...
Published:
The rumor mill and the deal-making mill might not be dead. The New York Times’ DealBook noted that Citigroup Inc. (NYSE:C) and Wachovia Corporation (NYSE: WB) were in early merger talks. Citi...
Published:
Last Updated:
The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as the public and investors knew them...
Published:
The average man on the street would view giving up millions of dollars in bonus money for a hard year of work as a tremendous sacrifice.Vikram Pandit, CEO of Citigroup (C), chairman Win Bischoff, and...
Published:
Last Updated: