Citigroup

US Treasury To Invest In Nine Banks, Including Citigroup, BofA

The Huffington Post (Free subscription) | 5 hours ago

The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferred shares of nine major banks, people briefed on the matter said. The companies are Citigroup Inc., Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., Goldman Sachs Group Inc., Morgan Stanley, State Street Corp., and Bank of New York Mellon...

• Nine big names to get U.S. capital - LA Times
• Capitalism eaten by Uncle Sam - BlogAds

Citigroup

Forbes (Free subscription) | 3 hours ago

Services offered by Citi's various advisories are available to all clients, from the $3 million-net-worth Smith Barney customer to the centimillionaire who works with Citi Private Bank.Certain services, such as those offered by the Art Advisory and Farm Advisory units, are most frequently used by the bank's richest clients. When they have questions about, say, managing multiple residences and estates,...

Citigroup sees loss for JPMorgan

Reuters (Free subscription) | yesterday

(Reuters) - Citigroup said it expects JPMorgan Chase & Co to post a loss in the third quarter, reflecting its estimates for loan loss provisions and write-downs at the U.S. banking giant.

Wells Fargo Looking More and More Like The Old Citigroup Model (WFC, WB, C)

24/7 Wall St. (Free subscription) | yesterday

Wells Fargo & Co. (NYSE: WFC) is the latest of the banking giants to look more and more like the old Citigroup Inc. (NYSE: C) business model. This became more... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Salesforce.com Chief Financial Officer to Present at a Citigroup Hosted Investor Luncheon in London

PR News Wire (Free subscription) | yesterday

Event to be Webcast Live on salesforce.com's Investor Relations Website SAN FRANCISCO, Oct. 13 /PRNewswire-FirstCall/ -- Salesforce.com (NYSE: CRM), the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) today announced that Graham Smith, Chief Financial Officer of salesforce.com, will present at a Citigroup Hosted Investor Luncheon on Friday, October 17,...

As UK Bank Rescue Moves Forward Will The US Treasury Own Part Of Citigroup (C)?

24/7 Wall St. (Free subscription) | yesterday

The UK government is about to become the de facto largest shareholder in two of the country's largest banks, HBOS and The Royal Bank of Scotland (RBS). Given... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

MBF Financial: Analyst Reports for Citigroup Inc., Gannett Co. Inc., Stryker Corporation and Noble Corporation

Market Wire - Investment Opinion (Free subscription) | yesterday

LONDON (MARKET WIRE) MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world. Through our numerous partnerships with many of the top investment minds in the world, we provide research on companies making a move in the markets. Investors seeking genuine analyst opinions on their investments for Citigroup Inc. (NYSE: C), Gannett Co. Inc. (NYSE: GCI), Stryker...

Citigroup Concedes Wachovia to Wells Fargo

Money Morning (Free subscription) | yesterday

By Jason Simpkins Associate Editor Money Morning The much-ballyhooed battle between Citigroup Inc. (C) and Wells Fargo & Co. (WFC) ended with a whimper Friday, as Citi gave up its... 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.

Citigroup upgrades China Life to buy from hold

Reuters UK (Free subscription) | 7 hours ago

HONG KONG, Oct 14 (Reuters) - Citigroup upgraded top insurer China Life to buy from hold after factoring in the company's relatively secure earnings, stable margins and faster-than-expected premium growth.

Fed Approves Wells Fargo-Wachovia Deal; Citigroup Seeking Damages

Seeking Alpha (Free subscription) | yesterday

Ron Haruni submits: The Federal Reserve Board announced Sunday its approval of the application by Wells Fargo (WFC) to acquire Wachovia Corporation (WB) and its subsidiary banks for $11.7 billion, finally removing the deal’s last major regulatory barrier. In its brief statement, the Fed said that based on the “unusual and exigent circumstances affecting the financial markets, the weakened financial...

Capital Injection Dollars Announced

Calculated Risk (Free subscription) | 6 hours ago

From the NY Times: U.S. Investing $250 Billion in Banks Citigroup and JPMorgan Chase were told they would each get $25 billion; Bank of America and Wells Fargo, $20 billion each (plus an additional $5 billion for their recent acquisitions); Goldman Sachs and Morgan Stanley, $10 billion each, with Bank of New York Mellon and State Street each receiving $2 to 3 billion. Wells Fargo will get $5

Bush to Announce Expanded Bank Bailout Details

ABC News (Free subscription) | 3 hours ago

Bush administration plans to spend $250B of $700B bailout plan buying stock in private banks

Lebanon's economy can weather the storm - Citigroup

Daily Star (Free subscription) | yesterday

In its first comment about the impact of the global financial crisis on Lebanon, Citigroup reiterated its optimism about the economic and financial outlook despite the global banking and financial turmoil, adding that the country's insulation is now perhaps its greatest asset amid the global turmoil, as reported by Lebanon This Week.

The Deal

Marginal Revolution (Free subscription) | 7 hours ago

Citigroup and JPMorgan Chase were told they would each get $25 billion; Bank of America and Wells Fargo, $20 billion; Goldman Sachs and Morgan Stanley, $10 billion each, with Bank of New York and State Street each receiving $2 to...

U.S. Treasury to inject $250 billion into banks

International Herald Tribune (Free subscription) | 4 hours ago

Treasury Secretary Henry Paulson Jr. told the nation's leading bankers that they would have to accept government investment for the good of the American financial system, officials said.

Citigroup To Buy Wachovia

shugaray | 09/29/2008

Citigroup To Buy Wachovia

This Bull is On Its Last Legs

beris | 11/08/2007

One of the great conundrums of recent months is the resilient performance of global equity markets. Quite frankly, not many investors would have bet on this outcome given the severity of the credit crisis which hit us earlier this year. We certainly wouldn't have. However, many things written on the subject have been poorly researched and/or highly prejudiced and do not stand up to closer scrutiny.

Your New Gold is Silver

beris | 11/06/2007

Ok, as all the kids know, gold has been outperforming markets for some time now, but what nobody is asking is why is silver lagging that much since the beginning of this bull rally. And you know what, I'll tell you something: it will, it always does, it's just the matter of time when commodity traders see a new sparkle in the treasure [FULL ARTICLE by following the link]

• Citi (C) : Out, Prince  - beris