A JP Morgan (JPM) Takeover Of Citigroup (C)?

Banking, finance, and taxes

Published: December 10, 2007 6:44 pm

Well, some one with a pen and paper thinks that Citigroup (C) may be taken over. According to FT blog site Alpahville, JP Morgan (JPM) may be just the folks to do it.

The reasons the deal might get done include an anticipation that Citi will have much larger write-downs at its SIVs and that the bank still has huge CDO problems.

Alphaville writes "Indeed, with a definite sense that the super-senior CDO debt market is fast collapsing, Citi can expect more trouble. The bank has $45bn in super-senior CDO exposure."

Add to that the fact that JP Morgan CEO Jamie Dimon is a super-CEO and Wall St. has a marriage.

It would save Citi the cost of hiring its own chief.

Douglas A. McIntyre

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