Citigroup Inc
NYSE: C
$61.41
-$0.63 (-1.0%)
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C Articles
"Directors are not like some kind of 1950s housewife who was always the last to learn about the misadventures of her husband," said J. Richard Findlay, head of The Centre for Corporate & Public...
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Fremont General (FMT) Mortgage company debt rating cut. Falls to $1.81 from 52-week high of $17.30. Valeant Pharmaceuticals (VRX) Drops on downgrade. Drops to $10.35 from $18.82. Nordstrom (JWN)...
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According to Reuters, Chuck Prince stepped down at CEO of Citigroup (C) and the bank indicated it may have to write off as much as another $11 billion. Reuters writes that shares of PetroChina (PTR)...
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One thing must be said for Chuck Prince, who left Citigroup (C) todayafter four years. He could take a beating. From the moment the CEO’s chair was vacated by the ample frame of Sandy Weill,...
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Dear Board of Directors at Citigroup, 24/7 Wall St. has made no secret since early December 2006 that Chuck Prince needs to go. Mr. Prince is not incompetent and he is not a crook, at least not at...
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According to a report in The Wall Street Journal, Citigroup (C) CEO Charles Prince will offer his resignation at a board meeting on Sunday. There is speculation that the bank will have to take...
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AMBAC (ABK) Bond insurance company dropping like a rock on fears that it has huge exposures to CDOs. Down to $21.62 from 52-week high of $96.10. Security Capital Assurance (SCA) Another bond...
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It seems while Merrill Lynch (MER) was losing all of that money on mortgage-backed financial instruments it was trying to unload them to save the company’s skin. Nice idea if you can make it work....
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Assured Guaranty (AGO) Small bond insurance company. Wall St. hates bonds. Drops to $17.79 from 52-week high of $31.99. AMBAC (ABK) Big bond insurance company in world where bonds are bad. Down to...
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Ambac (ABK), the bond insurance company is down 19% today to a 52-week low of $30.10. The high for the period is $96.10. Competing firm MBIA (MBI) is already signalling big trouble. According to...
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Citigroup was indicated lower earlier today on a downgrade to an "Underperform" rating out of CIBC World Markets. CIBC notes that Citi may need to sell assets to raise cash (ouch, some $30 Billion...
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Citigroup’s capital levels are way down. Part of this comes from a drop in the value of its asset base and part from a string of acquisitions that the bank has made. A new analysis from research...
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According to Reuters, US car sales are expected to have fallen in October. Reuters writes that China has approved the trading of stock futures. Reuters reports that Google (GOOG) is in talks with...
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According to Reuters, a number of experts do not believe that a rate cut by the Fed will help the falling housing market. Reuters writes that Alcatel-Lucent (ALU) will cut another 4,000 jobs. Reuters...
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Bond seer Bill Gross of PIMCO issued his November outlook and is looking for the FOMC not to just need a rate cut this week. He believes that the FOMC will need to cut short-term rates (fed funds)...
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