Citigroup Inc
NYSE: C
$68.76
+$0.61 (+0.9%)
Closing Price on November 15, 2024
C Articles
Citigroup (C) Still fears of nationalization or a larger bailout. Falls to $1.15. from a 52-week high of $27.35. GE (GE) Market not comforted that GE’s financial services are is not in trouble....
Published:
Last Updated:
HSBC (HBC) proved two things as it raised just over $17 billion to offset substantial losses. The first is that a money center bank can still raise capital, even in a tight credit market. The second...
Published:
Last Updated:
On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity...
Published:
Last Updated:
Citigroup (C) Government will take a 36% share. Drops to $1.42 from 52-week high of $27.35. AMBAC Inc (ABK) Market hates it earnings. Drop to $.56 from 52-week high of $12.37. Synta Pharmaceuticals...
Published:
Last Updated:
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...
Published:
Last Updated:
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....
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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)...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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...
Published:
Last Updated: