Citigroup Inc
NYSE: C
$61.87
+$0.16 (+0.3%)
Closing Price on September 27, 2024
C Articles
Whatever stock options Vikram Pandit, his management team and board have are almost certainly worthless now. News that the federal government will own 36% of Citi’s common shares through a complex...
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Citigroup (C) may not have picked up much in its deal with the federal government. It shareholders will get crammed down. Tax payers will own more of Citi, about 36%, which is not necessarily a win....
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It is a corporate governance issue as much as anything else. Can one shareholder essentially “fire” most of a public company’s board without the approval of other shareholders? That it what the...
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Once a quarter, the FDIC does something which seems to have little purpose. It releases its list of “problem” banks. These are institutions which face a high risk of failure because of their...
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According to Reuters, Obama is prepared to put up to $750 billion into banks. Reuters reports that the government and Citigroup (C) has worked out an equity conversion deal that will give the...
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As the US government goes though the process of stress testing banks, it may want to be instructed by the lesson of RBS (RBS) which managed to loss $34 billion last year. The UK government picked up...
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The latest way for the government to decide what it should do with troubled banks is to put them though what it calls a “stress test”. The criteria that will be used, among others, is how a...
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Short sellers think financial stocks believe that financial stocks still have further to fall. Based on data as of February 15, short sellers kept a big bet on Citigroup (C). Share short in AIG (AIG)...
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According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect. Reuters says Obama is pushing for quick Wall St. reform. Reuters reports that...
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According to Reuters, Obama set out his goals in an address before Congress. Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract. Reuters reports that The San...
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According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is taking a higher...
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Management at AIG (AIG) has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The...
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To hear the management at JPMorgan (JPM) talk, the bank does not have to cut its dividend, but it would be nice to keep the extra money each quarter, just in case things do not go as planned. The...
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The federal government gets extra points for being devious. It plans to begin to take over large banks by giving them money and using the capital they have already invested for a portion of their...
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According to Reuters, the US government may take a 40% interest in Citigroup (C). Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM). Reuters reports that a...
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