Citigroup Inc
NYSE: C
$61.81
-$0.79 (-1.3%)
Closing Price on October 1, 2024
C Articles
Last night we saw news out of the Financial Times reporting that Citigroup, Inc. (NYSE: C) was on tap looking to unload some $400 Billion. The plan is set for today’s analyst meeting, although no...
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Hank Greenberg, former chief of AIG (AIG), still walks the avenues of Wall St. at night, plotting how to get his old job back. He has been in a series of disputes with the company since he was asked...
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According to Reuters, AIG (AIG) lost $7.8 billion in the last quarter and will have to raise money. Reuters reports that Google says it will have revenue enhancing products for YouTube soon....
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UBS (UBS) telegraphed all ships in the known world as it sank into the Atlantic like the Titanic. The big bank will fire 5,500 poor souls and sell $15 billion of its subprime mortgage securities...
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According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are...
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Late word is that the hedge fund business that Citigroup (C) CEO Vikram Pandit sold to the bank for $800 million has lost a huge amount of its value. All of the outside investors in the fund, Old...
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Everyone loves covering Warren Buffett, rain or shine. His long-term shareholders love him, the media follows his every move, and everyone on Wall Street either cares about his potential next...
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According to Reuters, bank analysts are concerned that Citigroup’s (C) decision to raise money signals more trouble ahead for banks. Reuters reports that Starbucks (SBUX) will sharply cut the...
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Not everyone believes that Citigroup’s (C) current stock sale of $4.5 billion will end the large bank’s need for capital. Oppenheimer analyst Meredith Whitney thinks that ongoing problems at the...
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The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was probably over in the credit markets. It was...
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According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and ...
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Citigroup Inc. (NYSE: C) has come out tonight saying it will sell some $3 Billion in common stock. Citi claims that after its last $6 Billion, this $3 Billion would take its Tier One capital ratio...
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Citigroup (C) started two hedge funds last year and sold interests in them to well-off retail investors. What those people were not told is that the investments were risky. Now, Citi is giving some...
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Former World Bank chief James Wolfensohn thinks the credit crisis will take $1 trillion in losses out of the market. That is a number much higher than most estimates. It also means that the trouble...
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According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share of Visa (V)...
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