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BloggingStocks (Free subscription) | yesterday
Filed under: Citigroup Inc. (C) , Bank of America (BAC) , Comfort Zone Investing Bank failures are good. They get rid of banks that are mismanaged and have no business being in banking. Bad management at many banks made lots of bad loans and deserve to go under. The biggest example was Washington Mutual. And Countrywide belongs in there as well. Of course, there are a large number of smaller, community...
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Market Watch (Free subscription) | 07/01/2009
Citigroup Inc.'s move to raise credit-card rates on nearly 15 million of its customers will test the government's stomach for affecting decision-making at the bank.
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BloggingStocks (Free subscription) | 07/01/2009
Filed under: Citigroup Inc. (C) , JPMorgan Chase (JPM) , Bank of America (BAC) , Politics , Recession , Financial Crisis In a word: yes. Despite all the talk about regulating these speculative investment vehicles, "Obama's financial overhaul plan included no big surprises or threats to the lucrative, secretive industry," writes The Wall Street Journal . The name of the game is lobbying,...
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Market Watch (Free subscription) | 07/01/2009
BOSTON (MarketWatch) -- Citigroup Inc. has sharply raised interest rates on up to 15 million U.S. credit-card accounts as the industry braces for regulations that will limit such hikes, the Financial Times reported. Citi has boosted rates on cards it co-brands with retailers such as Sears Holdings Corp. , according to the report. "We have adjusted pricing and card terms for some customers as...
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Market Watch (Free subscription) | 07/01/2009
TOKYO (MarketWatch) -- Citigroup Inc. is in the final stage of talks to sell its NikkoCiti Trust & Banking Corp. unit to Japan's Nomura Trust & Banking Co. for an estimated 20 billion yen ($210 million), according to a published report Wednesday.
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Financial24 (Free subscription) | 06/27/2009
Citigroup Inc (C:NYSE). may select a buyer for its Japanese trust bank unit as early as next month, the Nikkei newspaper reported on its English-language newswire, without saying where the information came from. Interested bidders for NikkoCiti Trus ...
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Financial24 (Free subscription) | 06/26/2009
JPMorgan Chase & Co. and Citigroup Inc (C:NYSE). are expanding in jumbo mortgages used to buy the most expensive homes, helping revive a market that shriveled amid a three-year jump in homeowner defaults. JPMorgan resumed buying new jumbo loans ...
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BloggingStocks (Free subscription) | 06/26/2009
Filed under: Market matters , Citigroup Inc. (C) , JPMorgan Chase (JPM) , Economic data , Wells Fargo (WFC) , Housing , Cramer on BloggingStocks , Recession , Financial Crisis From TheStreet.com Network Good News: Housing Sector Roars 5 Dumbest Things on Wall Street: June 26 TheStreet.com's Jim Cramer says the endless worries will prove bogus, and jobs creation could spur a real lift. Alt-A. Endless...
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Market Watch (Free subscription) | 06/26/2009
LOS ANGELES (MarketWatch) -- Japanese financial regulators are set to sanction Citigroup Inc. , demanding it suspend some of its business due to overly lax money laundering controls, reports said Friday. Tokyo-traded shares of Citi were down 3.6% following reports. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information...
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BloggingStocks (Free subscription) | 06/25/2009
Filed under: Market matters , Citigroup Inc. (C) , Bank of America (BAC) , Economic data , Cramer on BloggingStocks , Recession From TheStreet.com Network Citi Salary Plan Rankles Activist Investor BofA CEO Lewis Not Off the Hook TheStreet.com's Jim Cramer says the jobless number shows the folly of thinking we can get through on what we have. Tough data point, the employment number. Lagging. But when...
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iStockAnalyst.com (Free subscription) | 06/24/2009
By Bob Blandeburgo Associate Editor Money Morning Citigroup Inc. (NYSE: C), one of the largest recipients of federal assistance, intends to raise the base salaries of many of its non-executive... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. <a [More...]
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BloggingStocks (Free subscription) | 06/24/2009
Filed under: Bad news , Citigroup Inc. (C) , Sears Holdings (SHLD) The motel chain Red Roof Inn hit the roof this week with a thud, defaulting on over $350 million of mortgage payments. The chain, purchased by Citigroup Inc.'s (NYSE: C ) Global Special Situations Unit and Westmont Hospitality Group from Accor SA two years ago for $1.3 billion, has suffered a drop in overnights of over 10% since the...
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iStockAnalyst.com (Free subscription) | 06/24/2009
So I'm still banging away on research towards a piece on Wall Street employment and compensation. But I'm going to steal a little of my own thunder to get info to you in a timely way. I have had some recent conversations with friends from the street and what I am being told is now being confirmed in a Bloomberg article entitled "CitiGroup Plans to Raise Salaries by as Much as 50%": Citigroup...
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Market Watch (Free subscription) | 06/24/2009
Those still wondering how Citigroup Inc., once the pride of American-based financial services, has fallen so far so fast need only to look at how the financial services conglomerate plans to deal with government pay restrictions for their answer.
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BloggingStocks (Free subscription) | 06/24/2009
Filed under: Deals , Market matters , Citigroup Inc. (C) , Cramer on BloggingStocks From TheStreet.com Network Regional Banks: ETF or a Mutual Fund? Citi Plans Boost in Base Salaries: Reports TheStreet.com's Jim Cramer wants to out the bankers behind the Red Roof deal and other deals like it. What didn't they take private? What didn't they lever up? When I read about Extended Stay's bankruptcy and...
The 3 latest articles published by users on Citigroup Inc. :
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sahilsimran | 02/16/2009
Morgan Stanley is expected to cut around 2,000 jobs this month. According to a report in The Times, the cull will focus on back-office roles and will not affect financial advisers, who are involved in the imminent launch of a joint venture with Citigroup. The bank is in the process of acquiring a majority stake in the [...] readmore
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krugerrand | 01/07/2009
Many investors are these days not sure where to put their money. They don't trust anymore in fonds or certificates nor do they want to store their money at home. Obama is planning a huge bailout programme - with money that actually doesn't exist. A hyperinflation is imminent as lot of money is to be printed. How can I get my money into safety? Gold is a quite good solution. It can be bought in forms...
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juliasmith98 | 12/13/2008
Dow Jones Slump Could Begin to Threaten Global Markets As European governments struggled to contain banking failures, the Dow Jones Industrial Average plummeted by 800 points at one stage, exceeding last week’s largest ever one-day points drop of...
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